PR Newswire/Les Echos/
2009 third-quarter sales: EUR33.7 million
28 October 2009
In an economic environment for the building sector that has continued to
deteriorate, Securidev had consolidated sales of EUR33.7 million in the 2009
third quarter, down 11.3% from the same quarter last year.
In millions of euros 2008 2009 Change
1st quarter 43.65 36.00 -17.5%
2nd quarter 43.38 33.27 -23.3%
3rd quarter B-to-B division 24.44 23.03 -5.8 %
B-to-C division 13.57 10.70 -21.1%
Total 38.01 33.73 -11.3%
9 months B-to-B division 79.51 68.92 -13.3%
B-to-C division 45.53 34.08 -25.1%
Total 9 months 125.04 103.00 -17.6%
Consolidated nine-month sales declined 17.6% year-to-date in relation to the
same period in prior year.
The B-to-C division was more severely impacted by the downturn in sales,
declining 21.1% in the 2009 third-quarter.
As for the B-to-B division, the pace of the decline would appear to be slowing,
with a more limited contraction of 5.8% in the 2009 third quarter.
At the end of September 2009, international markets accounted for 63% of total
revenue.
The Group's financial structure remains sound with positive net cash at
30 September 2009.
Cancellation of own shares on 24 September 2009
In connection with the share buyback program authorized by the combined
shareholders' meeting of 20 March 2008, Securidev repurchased 160,522 shares of
its common stock or 6.16% of the share capital.
In compliance with the authorization granted by the extraordinary shareholders'
meeting on 24 September 2009, the Board of Directors decided to cancel all
these shares with immediate effect. This resulted in a reduction in the share
capital by EUR2,407,830 from EUR39,067,110 to EUR36,659,280 39.
The share capital henceforth is comprised of 2,443,902 shares of EUR15 per
share.
Outlook
Despite reduced near-term visibility, the Group maintains its objective of
limiting to the extent possible the decline in annual sales to 15% in relation
to 2008.
Complete information about Securidev is available at www.securidev.com
ISIN FR0000052839 - Reuters SECF.PA - Bloomberg SEC
Euronext Paris - compartment C
Press release: 2009 annual sales, first half of February 2010
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
Securidev 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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