First half-year 2012 – better performance than expected
The Board of Directors of agta record approved the consolidated financial statements for the first six months of 2012 on 3 September 2012 based on a review by its auditors (KPMG).
During the first six months of 2012, product sales grew 7.4 %. The gross margin benefited from a strong performance in maintenance sales (+ 10.3 %) and increased sourcing in Asia. Personnel expenses were well under control despite a higher than expected use of external labour.
The impact of exchange rate movements was limited as the Swiss Franc was staying on an elevated level.
The gearing improved to – 18.1 % based on EUR 37.6 m of liquidity and EUR 9.3 m of interest-bearing debt.
In the second half of 2012, growth is likely to be less strong. Our expectations for operational profit remain unchanged.
Group key figures (January – June)
|Profit for the period||7.3||6.0%||4.6||4.1%||+58.7%|
Hubert Jouffroy, Chairman of the Board, phone +33 6 07 44 56 12, and Stefan Riva, CEO, phone +41 44 954 92 89, are available to answer questions on 6 September.
Half-Year Financial Report
The complete half-year financial report as well as all financial information is published online in the shareholders’ section of the Group website shareholders.agta-record.com.
The Group also publishes all relevant financial information online via the accredited media publisher: www.actusnews.com.
Next media release
3rd quarter turnover, on 25 October 2012 (after trading).
About agta record:
Ranking among the top players in the global market for automatic pedestrian doors, agta record calls on its integrated technological and commercial know-how. The Group’s extensive expertise covers the design, production, marketing, installation and maintenance of a large range of automatic doors.
Headquartered in Switzerland, agta record sells its products and services across the globe and is directly present with subsidiaries in 14 countries. agta record is listed on Euronext Paris, foreign stocks. ISIN: CH0008853209
Hubert Jouffroy – Chairman of the Board – mail: email@example.com