PR Newswire/Les Echos/
? SATISFACTORY RESULTS
FOR THE 2008 FIRST-HALF
25 September 2008
The Board of Directors' meeting held on 25 September 2007 approved the interim
financial statements for the six-month period ended 30 June 2008.
€ millions H1 07 H1 08 Change
Sales 81.30 87.04 +7%
Gross margin (%) 71.0% 70.5% -0.5 pts
Current operating income 6.80 8.71 +28%
As % of sales 8.4% 10.1%
Operating profit 6.52 7.93 +22%
Net financial expense (0.63) (0.28) - 55%
Net income before minority
interests 4.13 5.31 +28%
Net income 4.01 5.41 +35%
As % of sales 4.9% 6.2%
Consolidated net sales grew 7% in the 2008 first half, sustained by the
expansion of international operations that accounted for 65% of total revenue.
The B-to-B division performed well with sales advancing 10% while the B-to-C
division, adversely affected by the downturn in construction and renovation in
the real estate market, grew 2%.
Earnings growth
In the 2008 first half, current operating income expanded 28% to €8.71 million
compared with €6.80 million for the equivalent prior-year period. Net income
grew 25% to €5.41 million.
Operating cash flows increased to €9.07 million from €7.68 million at 30 June
2007.
Finally at 30 June 2008, the Group's gearing declined to 7% from 29% at the end
of last year's first half.
Outlook
For the full year, given the deteriorating economic environment, Sécuridev
anticipates growth in sales of 4% and current operating income in line with the
level achieved in 2007.
The presentation of Sécuridev results can be consulted at the website www.
securidev.com
Press release: 2008 third-quarter sales - November, 7th 2008
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
Sécuridev 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..
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