First half-year sales 2014: +10.9 % – full year targets are confirmed – acquisitions of two dealers
In the U.S. and European markets, whose recovery is still to be felt, product sales (+ 16.2 %) are fueled by acquisitions, market share growth and replacement of ancient installations.
Our group has achieved good performances in the U.S., the U.K. and France.
In return, maintenance is significantly impacted by the slowing down of the lift modernisation business in France (market − 40%, PACA AS − 20 %).
A strong order intake in the first 6 months (+ 12.6 %) and a higher order book (+ 18.0 %) give hope of a stronger growth in the second half-year.
agta record reiterates its sales growth target of + 9 % to +11 % over the full year.
In May, our Group has acquired two dealers (Kuala Lumpur and Toronto) with cumulated annual sales of EUR 3 m.
Sales first half-year (1st January – 30th June) – non audited
|In mio. €||2014||2013||Change|
|1st quarter||64.3||57.7||+ 11.4 %|
|2nd quarter||72.5||65.7||+ 10.4 %|
|Total first half-year||136.8||123.4||+ 10.9 %|
|thereof maintenance||55.8||53.7||+ 3.9 %|
Next media release
Half-year results 2014, on 11 September 2014 (after market closing).
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 16 countries. agta record is listed on Euronext Paris, foreign stocks. ISIN: CH0008853209
Hubert Jouffroy – Chairman of the Board – email@example.com