AI assistant
Precia Molen — Earnings Release 2022
Nov 15, 2022
1607_10-q_2022-11-15_11f1c7d3-dd9e-4d1b-b39d-8e5fc20dd0ee.pdf
Earnings Release
Open in viewerOpens in your device viewer
Privas, November 15, 2022, 6 PM
| (in K€) | 2022 | 2021 | Evolution | 2020 |
|---|---|---|---|---|
| Sales – 1st quarter(*) | 38 318 | 35 424 | 8,2 % | 29 784 |
| Sales – 2nd quarter | 40 007 | 36 853 | 8,6 % | 32 773 |
| Sales – 1st semester | 78 325 | 72 277 | 8,4 % | 62 557 |
| Sales – 3rd quarter(*) | 39 712 | 36 230 | 9,6 % | 34 590 |
| Sales – YTD | 118 037 | 108 507 | 8,8 % | 97 147 |
Strong revenue growth at the end of third semester (+ 9.6 %) at the end of September: +9.5 M€ (+ 8.8 % vs. YTD 09-2021)
(*) Unaudited figures
Strong growth at the end of September: +8.8% - including robust organic growth of +5.9%
During the 3rd quarter of 2022, the Precia Molen Group confirmed its momentum, with a turnover of 39.7 M€ (+ 9.6 % compared to 2021, +14.8% compared to 2020). Organic growth for the quarter is 6.9%, characterized by strong growth in France and the rest of the world.
In the first nine months of 2022, turnover amounts to 118M€, increased by + 8.8% compared to the same period in 2021. At constant perimeter and exchange rates, organic growth amounts to + 5.9%, the impact of change of perimeter amounts to + 2.0%, currency effects are limited at +0.9%. It is characterized by the very good performance of France, our historical market, with a growth of +7.0%, particularly in Precia SA, where backlog remains high. Growth in the rest of Europe is more moderate at 1.3%, marked by the good performance in Ireland, in United Kingdom and a decline in the Netherlands and Belgium. The rest of the world shows a good performance at +13.9%, with the strong growth from our Indian subsidiary, and to a lesser extent by our Moroccan, Brazilian and American subsidiaries despite a decline in sales by Malaysia and China due to high comparison base in 2021.
Forecasts and outlook 2022: confirmation of the annual turnover target between 160 to 165 million euros
At the end of September, the group still benefits from a strong increase in order book and has not suffered massive supply disruptions despite certain pressures and thus confirms that the group's turnover for the year 2022 is expected to be between 160 to 165 million euros.
The Chairman of the Executive Board
Frédéric MEY
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