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Groupe Gorgé SA — Earnings Release 2014
Apr 25, 2014
1381_iss_2014-04-25_672b7106-f68f-4a19-817f-b3064ab16d7c.pdf
Earnings Release
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Paris, 25 April, 2014, 8 a.m.
About Groupe Gorgé
Established in 1990, Group Gorgé is an industrial group operating in three areas of expertise:
Smart Safety Systems – Using technology to work in risk environments. ECA is listed on NYSE Euronext Paris - Compartment C.
Protection in Nuclear
Environments – Protecting people and securing buildings operating with radioactive materials
Industrial Projects & Services – Conducting industrial robotics and fire protection projects for industry and service-sector
players.
3D printing – Supporting leading industrial companies in their innovation and production processes by offering systems, 3D printers and new premium materials.
In 2013, the Group reported revenue of €214.5 million. It is backed by 1,300 employees and operations in around ten countries
More information available at www.groupe-gorge.com
Group Gorgé is listed on NYSE Euronext Paris and on the US OTC market via ADRs. NYSE Euronext Paris: Compartment C. ISIN code: FR0000062671 Ticker: GOE US OTC market: CUSIP code: 399451 103 ISIN code: US3994511034 Ticker: GGRGY/GGRGF
Revenue for the 1st quarter of 2014: Growth of nearly 3% in revenue and order backlog of nearly 3%
| In €m | 1st quarter of 2014 |
1st quarter of 2013 |
Var. (%) |
|---|---|---|---|
| Smart Safety Systems | 17.3 | 17.9 | -3.1% |
| Industrial Projects & Services | 17.6 | 18.2 | -3.1% |
| Protection in Nuclear Environments | 11.4 | 9.0 | +26.6% |
| Revenue between the divisions | (0.1) | (0.1) | - |
| TOTAL | 46.2 | 45.0 | +2.8% |
Groupe Gorgé's consolidated revenue amounted to €46.2 million in the 1st quarter of 2014, compared with €45 million (+2.8%) in 2013, boosted by the strong results of the Protection in Nuclear Environments division.
As a whole, activity levels are in line with the seasonality effect experienced by the Group, which is traditionally characterised by a weaker 1 st half-year and a stronger second half-year.
The Smart Safety Systems division generated revenue of €17.3 million, compared with €17.9 million in the previous year. The slight decrease (-3.1%) is due to a weak quarter in terms of robotic operations, which is partially set off by the strong results of simulation operations. For the record, this division is most impacted by the seasonality effect (55% of revenue in 2013 was generated in the 2nd half-year) within the Group.
Revenue generated by the Industrial Projects and Services division amounted to €17.6 million, compared with €18.2 million in the 1st quarter of 2013, representing a 3.1% decrease. CIMLEC recorded 7.5% growth in the 1st quarter, whereas fire protection operations have seen a slight decrease. Sales generated through the 3D printing division are still marginal. These half-year trends are not representative of the activity levels expected for the entire financial year.
Lastly, the Protection in Nuclear Environments division experienced strong growth in the 1st quarter (+26.6%), with revenue of €11.4 million, compared with €9 million in the 1st quarter of 2013.
Contacts
Groupe Gorgé - Raphaël Gorgé – Chairman and CEO - Tel: +33 1 44 77 94 77 - Email: [email protected] Actus Finance - Anne-Pauline Petureaux - Analyst/Investor relations - Tel: +33 1 53 67 35 74 - Email: [email protected] Actus Finance – Jean-Michel Marmillion - Media relations - Tel: +33 1 53 67 07 80 - Email: [email protected]
Outlook
The consolidated order backlog amounted to €179 million as at 31 March 2014, representing a 2.5% increase in the quarter. By division, the order backlog is stable at €84 million for the Smart Safety Systems division, with a 24% increase in the Industrial Projects and Services division and a decrease in the Protection in Nuclear Environments division, bearing in mind that significant orders are currently in the final stages of negotiation within the latter division.
The Group expects organic revenue growth over the year. The acquisition of Infotron was a strategic move in the area of airborne drones. Other acquisitions may also be made in the year.
Next report
Publication of revenue for the 1 st half-year on 25 July, 2014.