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SergeFerrari Group Earnings Release 2023
1658_iss_2023-07-18_1f225eb3-a8a4-4419-b091-a767b9553e7c.pdf
Earnings Release
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Press release
SergeFerrari Group posts H1 2023 revenues of €175.5 million, up 3.2%
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| (in € thousands) | 02 2023 | 02 2022 | Ch. at current scope and exchange rates |
Ch. at constant scope and exchange rates |
H1 2023 |
H1 2022 |
Ch. at current scope and exchange rates |
Ch. at constant scope and exchange rates |
|---|---|---|---|---|---|---|---|---|
| Europe | 65,335 | 66,851 | -2.3% | -10.6% | 130,105 | 127,409 | +2.1% | -6.6% |
| Americas | 10,853 | 9,498 | +14.3% | +16.0% | 20,129 | 17,080 | +17.9% | +16.3% |
| Asia - Africa - Pacific | 14,537 | 14,629 | -0.6% | +3.4% | 25,314 | 25,551 | -0.9% | +2.4% |
| Total revenues | 90,725 | 90,978 | -0.3% | -5.6% | 175,548 | 170,040 | +3.2% | -2.9% |
Q2 2023 performance: revenues of €90.7m
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H1 2023 performance, up 3.2%
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Outlook
In the first half of the year, the Group noted the favourable impact of the actions implemented by the new supply chain organisation, which aims to improve working capital requirements and adjust inventories to forecast business levels. In addition, on July 13, 2023, the Group signed a €10 million financing agreement under the "Prêts Participatifs Relance" scheme, which will strengthen its financial structure.
Financial calendar
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- Publication of the Q3 2023 revenues on October 18, 2023, after market close
ABOUT SERGEFERRARI GROUP
Marketing its products under two brands, Serge Ferrari and Verseidag, the Serge Ferrari Group is a leading global supplier of composite materials for Tensile Architecture, Modular Struction 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, Gerge Ferrari operates in 80 countries via subsidiaries, sales offices and a worldwide network of over 100 independent distributors. In 2022, Serge Ferrari posted consolidated revenues of €33.7 million, over 80% of which was generation of energe rari Group share is listed on Euronext Paris – Compartment C (ISIN: FR001 1950682). SergeFerrari Group shares are eligible for the French PEA PME and FCPI investment schemes. www.sergeferrari.com
Contacts
SergeFerrari 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]