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Prismaflex International — Earnings Release 2011
Jan 20, 2011
1609_iss_2011-01-20_7df6fed0-fd18-4ba8-b2fd-fb907cf287c3.pdf
Earnings Release
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Fiscal year 2010/2011 – 9-month turnover: €37.55 million 3 rd Quarter results up 32%
Significant points for the end of 3rd quarter:
- Strong Home Décor activity
- Printing activity resisting
- Signs of upturn in Hardware activity
- 9-month turnover up €7.8 million at constant currencies
YTD consolidated statement of income (April 1, 2010 – December 31, 2010)
| April 1, 2010– December 31, 2010 | Q3: Oct 1, 2010 – Dec 31, 2010 | |||||||
|---|---|---|---|---|---|---|---|---|
| Non audited | 9 Months | 9 Months | 3 Months | 3 Months | ||||
| In € million | 2010/2011 | 2009/2010 | Var.€M | Var.% | Q3 11 | Q3 10 | Var.€M | Var.% |
| Printing | 20.85 | 16.17 | 4.68 | +28.9% | 7.56 | 5.86 | 1.70 | +28.9% |
| Hardware | 16.70 | 12.14 | 4.56 | +37.5% | 6.02 | 4.43 | 1.59 | +36.0% |
| Total 9 months | 37.55 | 28.31 | 9.23 | +32.6% | 13.58 | 10.29 | 3.29 | +32.0% |
| Total sales – constant currencies | 36.17 | 28.31 | 7.86 | +27.8% | 13.15 | 10.29 | 2.86 | +27.8% |
75% of foreign exchange impact coming from South African Rand and Canadian Dollar
For the 9-month period, Printing (excluding Home Décor) is up 10.7% at €14.6 million. Growth for the 3rd quarter stands at 3.9% with contrasting performances from one geographic area to another.
Home Décor sales for the 9-month period are up at €9.8 million, representing an increase of more than 36% compared to the same period 2008/2009. Last year's Q2 and Q3 sales figures are not comparable. Inventory reduction plans are expected to impact Q4 figures (early 2011).
For the period, Hardware sales (excluding Home Décor) stand at €13.1 million, up 28.5% (+30% in Q3). Recorded sales levels are improving but remain down on those for the same period 2008/2009. All market indicators are encouraging.
The above movements reflect the positive trends recorded for S1.
Outlook
On December 31, 2010, order backlog, essentially composed of "hardware" at €6.7 million is comparable to September of the same year.
Despite persistent economic uncertainty the Group's latest product lines (Graph'it, Prismatronic, scrolling displays) are major assets and technological advantages in a lasting economic upturn.
Next press release: Annual Sales figures May 5, 2011 after closure
PRISMAFLEX INTERNATIONAL Outdoor Advertising solutions manufacturer and large format digital printing ISIN: FR0004044600-PRS - Reuters: PRS.PA – Bloomberg: PRS FP Eurolist by Euronext Paris – Compartiment C www.prismaflex.com
Contacts:
Emmanuel Guzman - CFO - phone: +33 (0)4 74 70 68 00 – [email protected] Amalia Naveira – Analysts /Investors contact - phone: +33 (0)4 72 18 04 92 – [email protected] Marie-Claude Triquet – Press contact – phone: +33 (0)4 72 18 04 93 - [email protected]