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Prismaflex International — Earnings Release 2012
Jan 19, 2012
1609_iss_2012-01-19_1b99366b-c04e-4b3f-b40b-5ea05deea016.pdf
Earnings Release
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Fiscal year 2011/2012: 9-month Sales at €37.19 million
Significant points for 3rd quarter:
- ¨ Unfavourable base effect for 3 rd Quarter on Home Decor
- ¨ resistance of all activities despite macro-economic uncertainty
- ¨ Turnover up by 0.8% at constant currencies
- ¨ Order backlog positive
YTD consolidated Turnover (April 1, 2011 – December 31, 2011)
| April 1, 2011– December 31,2011 | Q3: Oct 1. 2011 – Dec 31. 2011 | |||||||
|---|---|---|---|---|---|---|---|---|
| Non audited | 9 Months | 9 Months | 3 Months | 3 Months | ||||
| In € million | 2011/2012 | 2010/2011 | Var. €M | Var.% | Q3 12 | Q3 11 | Var. €M | Var.% |
| Printing | 20.11 | 20.85 | -0.74 | -3.5% | 6.57 | 7.56 | -0.98 | -13.0% |
| Hardware | 17.08 | 16.70 | 0.38 | +2.3% | 5.76 | 6.02 | -0.26 | -4.4% |
| Total 9 months | 37.19 | 37.55 | -0.36 | -1.0% | 12.33 | 13.58 | -1.25 | -9.2% |
| Total sales at constant currencies |
37.87 | 37.55 | 0.32 | +0.8% | 12.41 | 13.58 | -1.17 | -8.6% |
At constant currencies, sales stand at €37.87 million mainly due to fluctuations of the US dollar and South African Rand of around 7% and 8% respectively.
Total sales figures at December 31, 2011 are including Distec as of April 2011 and Urban Storm as of October 2011. They contributed to 11% of Hardware activity for the period.
Excluding Home Décor, Printing is down 4.8% at €13.9 million due to a persistently negative economic environment since the summer months, mainly in South Africa and Europe.
Home Décor sales at €9.84 million, for the first 9 months, are in line with the same period 2010. The forecast inventory reduction effect, anticipated in the previous press release, occurred in part during December 2011. For the quarter, the drop represents 25%. A marginal increase is expected for Q4.
Hardware sales for the period (excluding Home Décor) are up by over 2.8% at €13.43 million. Outdoor market reaction to the new product lines (Prismatronic or LED) is encouraging.
Outlook
On December 31, 2011, order backlog, essentially for "hardware" stands at €7.7 million.
Analysis of the trends noted, allows Prismaflex International to remain confident for a stable end of year activity. Due to current macro-economic uncertainty, company policy to control margins, fixed costs and financial charges is maintained (0.47 gearing on 30/09/11).
Next press release: Annual Sales figures, May 3, 2012 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]