STRONG FIRST-HALF EARNINGS
2007
FULL-YEAR GUIDANCE RAISED
5
October 2007
On
3 October 2007, the Board of Directors approved the interim financial statements for the six-month period ended 30 June
2007.
|
millions |
H1 06 |
H1 07 |
Change |
|
Sales |
75.6 |
81.3 |
+8% |
|
Gross
margin (%) |
73.3% |
72.1% |
-1.2 points |
|
Current
operating income |
4.98 |
6.80 |
+37% |
|
as % of sales |
6.6% |
8.4% |
|
|
Operating profit |
4.16 |
6.52 |
+57% |
|
Net
income before minority interests |
2.35 |
4.13 |
+76% |
|
Net
income |
2.25 |
4.01 |
+78% |
|
as % of
sales |
2.9% |
4.9% |
|
Consolidated net sales grew 8% like-for-like and including the deconsolidation
of FEK.
B-to-B sales increased 7% to 50 million (61% of consolidated sales) and
B-to-C sales expanded 9% to 31.3 million (39% of consolidated sales).
International operations accounted for 64% of consolidated sales.
Strong earnings growth
In the 2007 first half, current operating income advanced
37% to 6.8 million compared with 4.98 million for the equivalent prior year
period. Net income surged 78% to 4.01
million compared with 2.25 million at 30 June 2006.
Operating cash flow totalled 7.6 million compared
with 6.4 million at 30 June 2006.
Finally, at 30 June 2007, the Group had gearing of 29%
compared with 33% at 31 December 2006.
2007
full-year guidance raised
In
light of first half performances, the Group issues 2007 guidance for
consolidated sales of approximately 160 million and growth in current
operating income exceeding 15% over fiscal 2006.
The presentation of Sιcuridev results can be consulted at the website www.securidev.com
Next
press release: 2007 third-quarter sales 19
October 2007
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 with three core businesses: access control systems, locking devices
for equipment and building locking systems.