Sogeclair: CONSOLIDATED TURNOVER FOR THE 1ST HALF 2024: +9.0% AT €79.1M
July 17 2024 - 10:35AM
UK Regulatory
Sogeclair: CONSOLIDATED TURNOVER FOR THE 1ST HALF 2024: +9.0% AT
€79.1M
Blagnac, France, July 17th 2024-5.35
pm
Montreal, Canada
CONSOLIDATED TURNOVER FOR THE 1ST HALF
2024: +9.0% AT €79.1M
SOGECLAIR, supplier of
innovative solutions with high added value for a safer and
less-consuming mobility announces today its turnover for the
1st half 2024, ending on June 30th, 2024.
Non-significant exchange rate fluctuations
for the period represent €0.0M compared with €+0.3M in
2023.
Turnover for H1 2024 is up by 9.0%, marking the
13th consecutive quarter of growth.
As part of the ONE SOGECLAIR organization, we now present our
turnover according to the location of our subsidiaries, rather than
the location of our customers.
Business aviation (41% of turnover) grew by 12.5%, driven by North
America (up 23.9%), thus overtaking Europe. Commercial aviation
(36.6% of turnover) grew by 9.5%, with business in North America
doubling to almost €3 million. Automotive (7.7% of turnover) jumped
by 21.6%, defense (5.0% of turnover) by a strong 38.3%.
Rail (5.9% of turnover) and space (2.1% of turnover) were down by
27.8% and 5.1% respectively.
During its meeting on July 16, 2024, the
Board of Directors approved turnover for the first half of
2024.
By location SUBSIDIARIES
(€M) |
H1 2024 turnover |
H1 2023 turnover |
Impact in
H1 2024 turnover
(as %) |
Variation
(as %) |
|
France |
52.8 |
48.6 |
66.7% |
+8.7% |
|
Europe (except France) |
3.2 |
4.2 |
4.0% |
-24.0% |
|
America |
20.2 |
16.1 |
25.6% |
+25.8% |
|
Asia-Pacific |
2.8 |
3.5 |
3.5% |
-22.0% |
|
Rest of the world |
0.1 |
0.2 |
0.2% |
-26.4% |
|
Total |
79.1 |
72.6 |
100% |
|
Differences are due to rounding.
For comparability with the first half 2023
turnover press release, turnover by customer location is as
follows:
By location
CUSTOMERS
(€M) |
H1 2024 turnover |
H1 2023 turnover |
Impact in H1
2024 turnover
(as %) |
Variation
(as %) |
|
France |
33.7 |
32.6 |
42.6% |
+3.3% |
|
Europe (except France) |
17.4 |
17.0 |
21.9% |
+2.2% |
|
America |
22.8 |
18.1 |
28.8% |
+26.1% |
|
Asia-Pacific |
4.3 |
3.6 |
5.4% |
+17.5% |
|
Rest of the world |
1.0 |
1.3 |
1.3% |
-20.9% |
Differences are due to rounding.
The French and European turnover by customers
were stable, while the North American and Asia-Pacific markets were
more buoyant.
It is worth noting that it is the French and American sites that
are benefiting from growth in the Asia-Pacific and European
markets.
|
By Business Unit |
Turnover (M€)
H1 2024 |
Impact in turnover
(as %) |
Variation
(as %) |
Engineering
At constant exchange rate and perimeter |
38.1
38.1 |
48.2%
48.2% |
+2.2%
+2.2% |
Solutions
At constant exchange rate and perimeter |
40.9
40.8 |
51.6%
51.6% |
+17.4%
+17.4% |
Differences are due to rounding.
As forecast in the ONE SOGECLAIR plan, Solutions
activities are sustaining growth, while Engineering is stable.
The TOP 5 customers are the Airbus group with
22.9% of turnover (+1.2%), the Dassault group with 20.3% of
turnover (+5.5%), Bombardier with 13.1% of turnover (-8.7%),
General Dynamics with 7.3% of turnover (+160.7%) and Spirit
Aerospace with 7.2% of turnover (+39.5%).
PERSPECTIVES
With 9% growth in the first half of the year, a
geographical spread that strengthens the company's presence in the
dynamic US market, and a well-diversified customer base, SOGECLAIR
confirms its confidence in a year of sustained growth in 2024,
reinforcing the progress made in implementing its ONE SOGECLAIR
plan, which aims for €250 million in sales by 2030.
Next announcement: results for the
1st half 2024
turnover, on September 04, 2024, after closing of the Stock
Market
About SOGECLAIR
Supplier of innovative. high added-value solutions for safer
and more efficient mobility. SOGECLAIR brings its skills in
high-quality engineering and production to a broad range of
cutting-edge sectors. notably aeronautics. space. vehicle. rail and
defense. 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
collaborators are working worldwide to offer a high-quality.
proximity service to all its customers.
SOGECLAIR is listed on Euronext Growth Paris - Indice Euronext®
Family Business -Code ISIN: FR0000065864 / (Reuters SCLR.PA –
Bloomberg SOG.FP)
Contacts: Philippe ROBARDEY. Chairman of the Board / Olivier
PEDRON. Chief Executive Officer / +33(0)5 61 71 70 33
Press contact: Louise-Marie Thabard / SOGECLAIR Communication
/ louise-marie.thabard@sogeclair.com / +336 75 95
12 20
- 2024 07 17 CP CA Sogeclair EN
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