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Chargeurs — Earnings Release 2014
Jan 26, 2015
1197_iss_2015-01-26_5d0c3e9b-9746-49a9-99cb-44b19eaaca9e.pdf
Earnings Release
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| Revenue | Fourth Quarter | 12 months | |||
|---|---|---|---|---|---|
| (in € millions) | 2014 | 2013 | 2014 | 2013 | |
| Chargeurs Protective Films | 50.0 | 47.4 | 206.6 | 190.9 | |
| Chargeurs Interlining | 40.8 | 41.0 | 167.5 | 173.7 | |
| Chargeurs Wool | 22.7 | 26.9 | 104.2 | 101.9 | |
| TOTAL consolidated | 113.5 | 115.3 | 478.3 | 466.5 |
2014 Targets Exceeded
Revenue for the 2014 fourth quarter stood at €113.5 million, down a slight 1.6% year-on-year due to a decline in Chargeurs Wool volumes in Europe over the quarter.
Over the full year, consolidated revenue rose by 2.5% as reported and by 4.6% at constant exchange rates and scope of consolidation, with performance varying by business:
- Chargeurs Protective Films enjoyed strong growth in volumes and gained new momentum, with an 8.2% increase in revenue over the year.
- Excluding the unfavorable currency effect, stemming primarily from the Argentine peso, Chargeurs Interlining's revenue held firm over the year.
- Chargeurs Wool reported a 2.3% increase, as the growth in delivered volumes amply offset the decline in raw wool prices.
Given that 2014 revenue came in higher than the €470 million objective and based on the unaudited consolidated financial results, the Group will exceed its targeted €19 million in recurring operating profit for the year, compared with €14.4 million in 2013.
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Next announcement: 2014 annual results on March 18, 2015
Investor Relations - Tél : 01 47 04 13 44 - Mail : [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 2014, consolidated revenue totaled €478 million, of which 93% was generated outside France.