2009 FIRST HALF RESULTS
The
Board of Directors' meeting held on
|
€
millions |
H1 08 |
H1 09 |
|
Sales |
87.04 |
69.27 |
|
Gross
margin (%) |
70.5% |
71.9% |
|
Current operating income |
8.71 |
1.96 |
|
As % of sales |
10.0% |
2.8% |
|
Operating
profit |
7.93 |
(0.83) |
|
Net
financial expenses |
(0.28) |
0.01 |
|
Income
before minority interests |
5.31 |
(0.64) |
|
Net
income |
5.41 |
(0.46) |
|
As % of sales |
6.2% |
(0.6%) |
2009 first-half results
Consolidated net sales declined 20.3% in the first six months, in line
with the overall trend for the building sector in
Reflecting the drop in sales in the period, current operating income
declined to €1.96 million, down from €8.7 million in the 2008 first half. In
the first six months of 2009, SECURIDEV continued to implement its plan to
adapt costs to market conditions launched in the second half of the previous
year.
The operating loss of €0.83 million includes the impact of additional
impairment charges of €1.2 million for fixed assets.
Net income attributable to equity holders of the
parent represented a loss of €0.46 million.
At 30 June 2009, the Group’s financial structure
remained solid with positive net.
Outlook
Near-term
visibility remains limited. For the full year, the Group expects at best to
limit the decline in sales in relation to 2008 to 15%.
The presentation of Sécuridev's half-year results and the 2009 interim
financial report can be consulted at the website www.securidev.com as of
Next
press release: 2009 third-quarter sales – early
November 2009
ISIN FR0000052839 - Reuters SECF.PA – Bloomberg SEC
Contacts:
SECURIDEV Pierre-Paul Fini 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.