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Precia Molen — Earnings Release 2021
Nov 15, 2021
1607_iss_2021-11-15_a9978219-4fdd-4334-a381-e156693b74f8.pdf
Earnings Release
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Privas, November 15, 2021, 6PM
| (in K€) | 2021 | 2020 | Evolution | 2019 |
|---|---|---|---|---|
| Sales – 1st quarter(*) | 35 424 | 29 784 | 18,9 % | 31 776 |
| Sales – 2nd quarter | 36 853 | 32 773 | 12,5 % | 36 075 |
| Sales – 1st semester | 72 277 | 62 557 | 15,5 % | 67 851 |
| Sales – 3rd quarter(*) | 36 230 | 34 590 | 4,7 % | 31 722 |
| Sales – YTD | 108 507 | 97 147 | 11,7 % | 99 573 |
Strong revenue growth at the end of September: €11.4 million (+11.7% vs. YTD 9-2020)
(*) Unaudited figures
Strong growth at the end of September: +11.7% - including robust organic growth of +10.7%
In the3rd quarter of 2021, the Precia Molen Group confirmed its momentum, with a turnover of € 36.2 million (+4.7% compared to 2020, +14% compared to 2019). Organic growth for the quarter is 2.8%, characterized by strong growth in France and the entire Asian region.
In the first nine months of 2021, revenues are €108.5 million, up 11.7% compared to the same period in 2020. At constant perimeter and exchange rates, organic growth amounts to +10.7%, the impact of change of perimeter amounts to 1.2% (acquisition of Creative IT), currency effects are negligible at -0.1%. Organic growth in the first nine months is clearly marked by the global economic recovery. It is characterized by the very good performance of France, our historical market, with double-digit growth (10.1%), particularly in Precia SA. Growth in the rest of Europe is more moderate at 2.1%, marked in particular by the good performance in Lithuania, a recovery in United Kingdom and also a slight decline in the Netherlands and Norway. The rest of the world posts a good performance at +30.4%, mainly due to Asia, notably our Indian subsidiary, and to a lesser extent our Malaysian and Chinese subsidiaries.
Forecasts and outlook 2021: confirmation of the annual turnover target above 145 million euros
At the end of September, the group still benefits from a clear increase in order book and has not suffered any supply disruption despite certain pressures and thus confirms that the group's turnover for the year 2021 is expected to be above 145 million euros.
The Chairman of the Executive Board René COLOMBEL
Contacts : PRECIA MOLEN BP 106 – 07001 PRIVAS CEDEX Tél. : +33 4 75 66 46 77 E-mail [email protected]
About Precia Molen
PRECIA MOLEN designs and manufactures, sells and maintains systems and solutions of industrial and commercial static weighing and of continuous weighing and dosing equipment. Main clients are heavy industries (mines, quarries, steel, environment, energy…) and light industries (food, chemicals, transportation and logistics…) and also public sectors (posts, local authorities…).
From design to after sales service, PRECIA-MOLEN is able to provide total weighing solutions for all businesses Precia Molen is present in 42 countries, with 22 commercial subsidiaries and a large network of selling agents. It has nine production plants (France, The Netherlands, India, the United Kingdom, Morocco, Australia, Poland and Lithuania) and three assembly sites (Brazil, USA, Malaysia). The Group pursues a large research and innovation program, and has been granted an "Innovating Company" status by French authority Oseo.
Precia Molen is listed on NYSE Euronext's C compartment in Paris (code ISIN FR0000060832 - Mnemo: PREC). - More information on