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SergeFerrari Group Earnings Release 2022
1658_iss_2022-04-20_3aeaabee-9ea6-4a77-b30f-d21fb3023eaf.pdf
Earnings Release
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Press release
SergeFerrari Group posts Q1 2022 revenues of €79 million, up 23.4%
- Robust business momentum continues in Q1 2022
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Saint-Jean-de-Soudain, April 20, 2022, 5:45pm CEST – SergeFerrari Group (FR0011950682 – SEFER) is a leading global supplier of innovative flexible composite materials under the Serge Ferrari and Verseidag brands and is listed on Euronext Paris – Compartment C. The Group today announces its revenues for Q1 2022.
Revenue breakdown by region (unaudited)
| (€'000) | Q1 2022 | 01 2021 | Ch. at current scope and exchange rates |
Ch. at constant scope and exchange rates |
|---|---|---|---|---|
| Northern Europe | 30,902 | 24,439 | +26.9% | +26.0% |
| Southern Europe - Americas | 37,232 | 29,417 | +26.6% | +26.5% |
| Asia – Africa – ME – Pacific | 10.928 | 10,299 | +6.1% | +1.8% |
| Total revenues | 79,062 | 64,065 | +23.4% | +22.4% |
Sébastien Baril, Chairman of the SergeFerrari Group Executive Board, said: "For the first quarter of 2022, SergeFerrari Group posted sustained busines in line with previous quarters. We are leveraging an innovative product offering that meets market requirements and trends in favor of light, sustainable components amid continuing positive trends at this stage of the health situation remains uncertain, we are approaching the rest of the year with confidence thanks to our relationships with customers and partners, for whom our primary aim is to preserve the quality of our products and services against a backdrop of inflation and pressure on industrial equipment capacity."
Q1 2022 performance
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Outlook
Financial calendar
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ABOUT SERGEFERRARI GROUP
Marketing its products under two brands, Serge Ferrari and Verseidag, the Serge Ferrari Group is a leading global supposite materials for Tensile Architecture, Solar Protection and Furniture/Marine, in a global market estimated by the Company at around €6 billion. The unique characteristics of these products enable applications that major technical and societal challenges: energy-efficient buildings, energy management, performance and durability of materials, concern for comfort and safety together, opening up of interior living spaces etc. Its main competitive advantage is based on the implementation of differentiating proprietary technologies and know-how. The Group has manufacturing facilities in France, Switzerland, Germany, Italy and Asia. Sege Ferrari operates in 80 countries via subsidiaries, sales offices and a worldwide network of over 100 independent distributors. In 2021, Serge Ferrari posted consolidated revenues of €285.9 million, over 80% of which was generated outside France. The SergeFerrari Group share is listed on Euronext Paris – Compartment C (SN: FR0011950682). The SergeFerrari Group share is eligible for the French PEA-PME and FCPI investment schemes. www.sergeferrari.com
Contacts
Ferrari Group Philippe Brun Executive Board Member Valentin Chefson Investor Relations [email protected]
NewCap Investor Relations – Financial communication Théo Martin / Quentin Massé Tel: +33(0) 1 44 71 94 94 [email protected]