Sogeclair: Consolidated turnover for the 1st half 2021
21 Juli 2021 - 5:35PM
Sogeclair: Consolidated turnover for the 1st half 2021
Blagnac, France, July 21th 2021-5.35pm,
Montreal, Canada
Consolidated turnover for the
1st half
2021: -14.2% at
€59.1MAt constants
exchange rate and perimeter*: -7.7%
SOGECLAIR, designer and
manufacturer of innovative high added-value solutions for the
mobility, announces today its consolidated turnover for the 1st
half 2021, ending on June 30th 2021. The turnover declines by 7.7%
at constants exchange rate and perimeter due to a high base effect
in the first quarter of 2020 pre-Covid-19. Important to note, an
overall turnover increasing for the fourth consecutive quarter up
to €30.4 million.
* Exchange rate variations over
the period represent €1.5M compared to €0.4M in 2020.
Changes in the scope of consolidation over the period represent
€-3.3M (reorganization in Germany).
By division |
Turnover (€ million)H1-2021 |
Turnover (€ million)H1-2020 |
Variation as
% |
|
|
Aerospace At
constants exchange rate and perimeter |
44.7 45.8 |
51.2 47.6 |
-12.7% -3.8% |
|
Simulation At
constants exchange rate and perimeter |
13.914.0 |
17.2 17.2 |
-19.2% -19.0% |
|
Vehicle |
0.5 |
0.4 |
+6.0% |
|
Total |
59.1 |
68.9 |
-14.2% |
|
International |
28.1 |
37.3 |
-24.7% |
|
Differences are due to rounding.
The Aerospace
division (75.7% of turnover): the activity picks
up significantly in the second quarter. The German subsidiary has
restarted its activity since 1st March. With an increase of 35.3%
in the first half, business aviation represents 43.9% of the group
turnover. It jumps to +94% in the second quarter. After a first
quarter that was affected by the high base effect of the first
quarter of 2020, commercial aviation (-46.9% in the first half)
recovered significantly with +26.4% in the second quarter.
The Simulation division (23.5%
of turnover): falls by -13.2% due to the end of the large
automobile simulators. The rest of the activity is growing, despite
the ransomware attack which cost nearly 1 million euros of activity
in the second quarter by blocking production for a month in the
OKTAL SYDAC scope. Adjusted for this impact, the turnover for the
2nd quarter is virtually stable. The entry of Dassault Systèmes
into the capital of the subsidiary A.V.Simulation at the beginning
of 2021 supports R&D and the commercial deployment plan for
2022 and beyond.
The Vehicle division (0.8% of
turnover) grows by 6%. It remains subject to the decision cycles of
the public sectors. International commercial activities are
sustained.
By geographical area |
H1 2021 Turnover(€ million) |
Impact on Turnover(as %) |
Evolution(as %) |
|
|
France |
31.0 |
52.5% |
-1.9% |
|
Europe |
12.0 |
20.3% |
-38.6% |
|
America |
12.5 |
21.2% |
-13.3% |
|
Asia-Pacific |
3.2 |
5.4% |
+21.2% |
|
Rest of the world |
0.4 |
0.6% |
-42.2% |
|
Differences are due to rounding.
In the second quarter, all geographical area
increase except Europe which decline slightly by 3.9%. Asia Pacific
at +45.5%, America at +30% and France at +23.7% are the most
dynamics.
By activity |
H1 2021 Turnover(€
million) |
Impact on Turnover(as %) |
Evolution(as %) |
|
|
Development (service) |
13.7 |
23.3% |
+6.0% |
|
Serie (service) |
18.7 |
31.7% |
-18.0% |
|
Products |
26.6 |
45.0% |
-19.6% |
|
All segments increase during the 2nd quarter,
service activities recover more rapidly with development at +67.3%,
benefiting from the dynamics of business aviation, and serie at
+18.3%, driven by the best perspectives for commercial aviation.
Products grow by +3.4%, considering the decline linked to the
simulation.
Perspectives
The expected positive dynamic is confirmed
quarter after quarter, the low point in activity is now behind. The
government support and recovery plans allow R&D to be
maintained at a high level. The adaptation that has been achieved
allows us to focus on the transformation plan that will be
presented in September, when the results for the first half of 2021
are published.
Next announcement:
results for the
1st half
2021, on
September
08th
2021 after closing of the Stock
Market
About SOGECLAIRDesigner and
manufacturer of innovative high added-value solutions, SOGECLAIR
brings its skills in high-quality engineering and production to a
broad range of cutting-edge sectors, notably aeronautics, space,
vehicle, rail and defense. Supporting its customers and partners
from the design and simulation stages through to the end of the
product’s lifetime, all along the production chain through to entry
into service, the collaborators are working worldwide to offer a
high-quality, proximity support to all its customers.SOGECLAIR is
listed on Euronext Paris – Compartment C – Euronext® Family
Business Index -Code ISIN: FR0000065864 – PEA PME 150 / (Reuters
SCLR.PA – Bloomberg SOG.FP)Contacts:
Philippe ROBARDEY, President & CEO of
SOGECLAIR / Marc DAROLLES, Executive Vice President of SOGECLAIR
/www.sogeclair.com - +33(0)5 61 71 70 33