agta record ag
Allmendstrasse 24
CH-8320 Fehraltorf
Telefon: +41 44 954 91 91
Telefax: +41 44 954 92 00

Weakness of the British Pound and delayed invoicing in France impacted the 3rd quarter – full-year turnover growth expectations remain unchanged

Organic growth of 5 % was booked during the first nine months. The recent acquisitions contributed an additional 7 % of turnover growth whereas the currency impact was – 2 %, resulting in total turnover growth of 10 %.

Order entry increased by 7.8 % during the first nine months (even 9.7 % at constant exchange rates) compared to the prior year period. As of 30 September 2016, the order book is 24.9 % larger than at the beginning of 2016.

Assuming an end to the invoicing delays in France and the finalisation of a large project in the United States, turnover growth of 2016 is still expected to be 9 to 11 %.

Group Sales (1st January – 30th September) – non audited

In mio. € 2016 2015 Change
First half year 166.4 148.9 + 11.8 %
Third quarter 84.5 79.0 + 6.9 %
Total first nine months 250.9 227.9 + 10.1 %
Sales at constant exchange rates 254.7 227.9 + 11.7 %


Next press release:

4th quarter sales 2016, on 26 January 2017 (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 17 countries.

agta record is listed on Euronext Paris, foreign stocks. ISIN: CH0008853209

Contact

Hubert Jouffroy – Chairman of the Board – shareholders@agta-record.com

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