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
Hubert Jouffroy – Chairman of the Board – email@example.com