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Chargeurs — Earnings Release 2014
Nov 14, 2014
1197_10-q_2014-11-14_8ddb663c-8094-4c04-b2e5-0415bd900d75.pdf
Earnings Release
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November 14, 2014
Sustained growth in business and confirmed objectives for 2014
Revenue for the third quarter of 2014 rose 9.0% year on year, lifted by strong volume growth at Chargeurs Protective Films and Chargeurs Wool.
Revenue for the nine months ended September 30, 2014 was up 4.1%, reflecting a 6.9% increase in business volumes and a negative 2.4% currency effect.
| Revenue | Third Quarter | 9 Months | |||
|---|---|---|---|---|---|
| (in € millions) | 2014 | 2013 | 2014 | 2013 | |
| Chargeurs Protective Films | 53.1 | 47.6 | 156.6 | 143.5 | |
| Chargeurs Interlining | 42.6 | * 42.8 |
126.7 | * 131.8 |
|
| Chargeurs Wool | 25.2 | 20.5 | 81.5 | 75.0 | |
| TOTAL consolidated | 120.9 | 110.9 | 364.8 | 350.3 |
* Revenue adjusted for IFRS 5
Performance by business segment continued on the same trends seen since end of June, as follows:
- Chargeurs Protective Films: growth in business volumes.
- Chargeurs Interlining: revenue up excluding the negative currency effect, primarily attributable to the Argentine peso.
- Chargeurs Wool: increase in delivered volumes offsetting the effects of lower raw wool prices and unfavorable exchange rates.
***
On the basis of these results and the latest economic indicators, the Group confirms its objectives for 2014:
| (in € millions) | 2014 (Estimate) | 2013 Actual |
|---|---|---|
| Revenue | 470 | 466.5 |
| Recurring operating profit | 19 | 14.4 |
***
Next announcement: Full-year 2014 revenue: January 26, 2015.
Communications Department: +33 (0)1 47 04 13 48 • Email: [email protected] www.chargeurs.fr
Chargeurs is a global manufacturing and services group with leading positions in three niche markets: temporary surface protection, technical textiles and combed wool. It has 1,600 employees based in 31 countries on five continents, who serve a diversified customer base spanning more than 45 countries. In 2013, consolidated revenue totaled €466.5 million, of which 93% was generated outside France.