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Precia Molen — Earnings Release 2021
Mar 15, 2022
1607_iss_2022-03-15_86aafca2-b53a-40e7-92d6-05c97557ea95.pdf
Earnings Release
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Privas, 15 March 2022, 6PM
Annual growth above announced targets: 2021 consolidated revenue at 150.7 million € (4th quarter at 42.2 million €) Strong growth in 2021: 14.8 million € (+10.9% vs. 2020)
| (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 – 4th quarter(*) | 42 204 | 38 802 | 8.8% | 31 722 |
| Sales – 2nd semester | 78 434 | 73 392 | 6.9% | 68 269 |
| Sales – YTD (*) | 150 711 | 135 949 | 10.9% | 136 120 |
- Signature of an acquisition protocol for CAPI Senegal
(*) Unaudited figures
Exceeding targets and strong growth in 2021: +10.9%, with robust organic growth of +9.4%
During the 4th quarter of 2021, the Precia Molen Group confirmed its drive, with revenue of 42.2 million of euros (+8.8% compared to the fourth quarter of 2020, i.e. growth of 15% compared to the fourth quarter of 2019). Organic growth for the quarter was 6.1%, characterized by strong growth in France, Poland, India and China.
For the full year, revenue amounted to 150.7 million of euros, up by 10.9% compared to 2020. At constant scope and exchange rates, organic growth amounted to +9.4%, the impact of changes in perimeters amounted to 1.4% (acquisition of Creative IT), currency effects are negligent. Organic growth is clearly marked by the global economic recovery. It is characterized by the very good performance of France, our historical market, with growth of 8.8%, particularly in Precia SA. Asia-Pacific also recorded remarkable growth of 48.5%, driven in particular by India, as well as China, Malaysia and New Zealand. Europe excluding France remains solid, with growth of 2.1%.
Portfolio and outlook 2022
The order portfolio at the end of December 2021 showed an increase of 33.2% compared to the end of 2020 (of which 5.9% was generated by Creative IT). This strongly rising portfolio and order intake records, which remained at a good level at the beginning of the year, augur well for a good year 2022 despite the economic and geopolitical context.
Next press release
The consolidated results of the Precia Molen Group will be announced on 7th April 2022.
Signature of an acquisition protocol for CAPI Senegal
The Precia Molen Group announces that it has recently signed a protocol for the acquisition of 80% of CAPI Senegal, confirming its development strategy on the African continent with this fourth location after Morocco, Ivory Coast and Burkina Faso.
This company specializes in the sale and service of industrial weighing instruments in Senegal and in border countries where it is the historical leader in weighing. Enjoying an excellent reputation, serving a large and renowned clientele, its workforce is 10 people and its turnover of about 800 thousand Euros. The parties intend to finalise the signing and transfer of the securities by the end of March 2022, the date from which the company would thus be consolidated in the group financial statements.
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 www.preciamolen.com