2008 third-quarter sales: + 0.4 %

 

6 November 2008

 

 

Revenue in the 2008 third quarter expanded 0.4%.

The B-to-C division experienced a 5.8% drop in revenue in the quarter from the downturn in construction and renovation in the real estate market. The B-to-B division achieved growth of 4.1% through its portfolio of major accounts and the success of new products.

 

€ millions                                                       2008              2007           Change

First quarter                                                  43.65             41.54            + 5.1%

Second quarter                                           43.38             39.73            + 9.2%

Third quarter    B-to-B                                   24.44             23.47            + 4.1 %

                        B-to-C                                  13.57             14.40            - 5.8 %

                        Total                                    38.01             37.87             +0.4%

Nine months    B-to-B                                   79.51             73.47            + 8.2 %

                        B-to-C                                  45.53             45.67            - 0.3 %

                        Total                                    125.04           119.14           +4.9 %

 

For the first nine months, consolidated revenue expanded almost 5%.

Sales from international operations remained steady, increasing to 66% of total revenue at the end of September 2008.

 

Outlook

Based on these trends and considering the economic situation, Sécuridev anticipate an annual sales growth of 3%, current operating income in line with last year's level and positive net cash at year-end (excluding the share buyback program in progress).

 

Complete information about Securidev is available at www.securidev.com

 

ISIN FR0000052839 - Reuters SECF.PA – Bloomberg SEC

Euronext Paris – Compartment C

 

 

 

 

Contacts:

Securidev                     Pierre -Paul Fini         Tel: +33 (0)1 46 22 09 00

Asset Com                   Laurence Costes       Tel: +33 (0)1 41 22 90 95

 

Securidev is a leading European specialist in locking systems and equipment with three core businesses: access control systems, locking devices for equipment and building locking systems.