Skip to main content

Sogeclair: Results for 2019

Written by Customer Service on . Posted in Public Companies.

 ANNUAL RESULTS FOR 2019Consolidated turnover: €185M so that’s +16.0% (of which International +18.9%)
EBITDA: €16.9 M so that’s +8.1%
Equity: €66 M so that’s +16.1%SOGECLAIR, designer and manufacturer of innovative high added-value solutions for the mobility announces today its financial results for the year ended December 31st 2019.The main highlights of the exercise are:The creation of KEY’S (74 key people of SOGECLAIR invested €4.86M in the form of a capital increase, they thus hold 6.4% of SOGECLAIR’s equity),The integration of SYDAC (simulation activity in Australia, India and the United Kingdom), acquired in 2018, is now a success,The minority shares in the aeronautical activity in North America as well as those in the vehicle activity have been acquired, SOGECLAIR thus owns 100% of them,Intra-group cooperation has been strengthened.             The Board of Directors, meeting on March 12th 2020, closed the annual accounts for 2019.
The audit procedures have been accomplished on the annual accounts.  (1) Operating result – other operating income and charges + amortization expenses and operating provisionsGrowth of activity
The growth of the activity concerns all geographical areas and all divisions. Indeed, the vehicle division turnover, excluding neutralization of the intra-group, grew by 3%, the aerospace turnover increased by 9.7% and the simulation turnover jumped by 60.7%.The EBITDA profitability by division is detailed below:The 2019 operational Free Cash Flow came to €8.6M, in a very strong increase.Gearing (net financial debt to equity) stands at 36%, of which nearly 40% for rental income (IFRS 16).
SOGECLAIR has a cash position of almost 19M€.Dividend proposal
The Board of Directors held on March 12th 2020 decided to propose to the General Meeting of Shareholders on May 14th 2020, a dividend of €0.90 per share.Perspectives
Uncertainties relate mainly to:
– In the short term, the consequences of the Coronavirus– In the medium term the evolution of the exchange rate :€ / USDCAD / USDIn each country, SOGECLAIR takes measures to protect its employees with preserving the continuity of its activities as much as possible.SOGECLAIR is positioned on markets that are driving sustainable growth.2020 financial year will see increased investment as a result of:Supporting the strengthening of our industrial activitiesR&D to capitalize on our advances in :The autonomous vehicle,Digital technologies and virtual reality,Artificial intelligence,Thermoplastic materials,The new generation of railway simulation software,SOGECLAIR is confident in its adaptability and its ability to make its model evolve.Next announcement: turnover for Q1 2020, on May 06th 2020 after closing of the Stock MarketAbout SOGECLAIR
Designer and manufacturer of innovative high added-value solutions, SOGECLAIR brings its skills in high-quality engineering and production to a broad range of cutting-edge sectors, notably aeronautics, space and transport. Supporting its customers and partners from the design and simulation stages through to the end of the product’s lifetime, all along the production chain through to entry into service, the Group counts nearly 1,700 staff working worldwide to offer a high-quality, proximity service to all its customers.
SOGECLAIR is listed on NYSE Euronext Paris – Compartment C – Code ISIN: FR0000065864 – PEA PME 150
(Reuters SCLR.PA – Bloomberg SOG.FP)
Contacts: Philippe ROBARDEY, President & CEO of SOGECLAIR / Marc DAROLLES, Executive Vice President of SOGECLAIR / www.sogeclair.com / +33(0)5 61 71 70 33   AttachmentPR-2019 Results-EN

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.