Paris
2007
consolidated results
€ millions - IFRS 2006 2007 Change
Sales 150.0 161.0 +7%
Gross margin (as a % of sales) 71% 69%
Current operating income 12.38 16.33 +32%
as a % of sales 8.3% 10.1%
Operating profit 13.80 16.20 +17%
as a % of sales 9.2% 10.1%
Net income before
minority interests 9.08 11.31 +25%
Net income 8.75 11.24 +29%
as a % of sales 5.8% 7.0%
Operating cash flow 12.7 15.8 +24%
Consolidated net sales grew 7.3% over 2006 to €161 million. Sales from
international operations advanced 10% and now account for 65 % of consolidated
sales.
Better-than-expected
results
Sales growth combined with effective management of current expenses
fueled strong gains in current operating income of 32% to €16.38 million
despite the impact of increased raw material costs on the consolidated gross
margin.
Net income was €11.24 million compared with €8.75 million in 2006, up
nearly 30 %. Earnings per share were in consequence €4.32 compared with €3.36
in 2006.
A solid balance sheet
At 31 December 2007, shareholders' equity totalled €65.5 million and net
financial debt was €5 million.
Operating cash flow totalled €15.8 million
In 2008 Securidev anticipates growth of approximately 5% for sales and 10%
for current operating income.
2007 dividend
The Board of Directors will ask the general meeting to be held on 23 May
2008 at 11:00 a.m. at the Hotel Raphael, 17 avenue Kléber 75116 Paris, to
approve the payment of a net dividend per share of €0.80 per share.
Upcoming events: 2008 first-quarter sales: 25 April 2008
A
presentation of results can be consulted at www.securidev.com
Euronext Paris Compartment C - ISIN FR0000052839 - Reuters SECF.PA –
Bloomberg SEC
Contacts:
Securidev Gilles Bertaux Tel: +33 (0)1 46 22 09
00
Asset Com Laurence Costes Tel: +33 (0)1 45 53 10 55
Securidev is a leading
European specialist in locking systems and equipment.