Sogeclair: 9 MONTHS TURNOVER TO SEPTEMBER 30, 2024: +7.4% at €115.8M
October 30 2024 - 11:35AM
UK Regulatory
Sogeclair: 9 MONTHS TURNOVER TO SEPTEMBER 30, 2024: +7.4% at
€115.8M
Blagnac, France, October
30th 2024-5.35pm,
Montreal Canada
9 MONTHS TURNOVER TO SEPTEMBER 30, 2024:
+7.4% at €115.8M
Growth in 3rd
quarter: turnover +4.1% at €36.7M
SOGECLAIR, supplier of
innovative solutions with high added value for a safer and
less-consuming mobility announces today its turnover over 9 months
ending on September 30th, 2024.
Non-significant foreign exchange variations for
the period represent 0.0M€ compared with -0.5M€ in 2023.
Turnover to September 30, 2024, were up 7.4%,
for the 14th consecutive quarter, despite an unfavorable
base effect, particularly in the Solutions division.
Since 2023, we have been presenting our
turnover according to the location of our subsidiaries, rather than
the location of our customers.
Business aviation (42.6% of turnover) grew by
19.4%, driven in particular by North America, up 31.3%. Europe was
up 8.3%.
Commercial aviation (34.9% of turnover) stabilized (up slightly by
1.8%), driven by activities in North America.
Automotive (7.4% of turnover) was up 4.9%, while defense (5.2% of
turnover) rose sharply by 31.9%. Rail (6.1% of turnover) was down
29.5%, while space (2.2% of turnover) was down 2.6%.
Our well-diversified markets and sectors are
enabling us to sustain growth in a tense market environment,
particularly in the commercial aviation and automotive sectors.
By location SUBSIDIARIES
(€M) |
Turnover 9 months
2024 |
Turnover
9
months
2023 |
Impact in turnover 2024
(as %) |
Variation
(as %) |
|
France |
76.3 |
71.8 |
65.9% |
+ 6.2% |
Europe
(except France) |
4.8 |
6.5 |
4.2% |
- 26.0% |
|
America |
30.3 |
24.1 |
26.2% |
+ 25.9% |
|
Asia-Pacific |
4.2 |
5.2 |
3.7% |
- 18.3% |
|
Rest of the world |
0.2 |
0.2 |
0.1% |
- 32.9% |
|
Total |
115.8 |
107.8 |
100% |
|
Differences are due to rounding.
For comparability with the turnover press
release for September 30, 2023, turnover by customer location are
as follows:
By location
CUSTOMERS
(€M) |
Turnover 9 months
2024 |
Turnover
9
months
2023 |
Impact in turnover 2024
(as %) |
Variation
(as %) |
|
France |
49.5 |
48.3 |
42.7% |
+ 2.5% |
Europe
(except France) |
24.0 |
25.2 |
20.8% |
- 4.5% |
|
America |
34.6 |
26.9 |
29.8% |
+ 28.4% |
|
Asia-Pacific |
6.1 |
5.9 |
5.3% |
+ 4.2% |
|
Rest of the world |
1.6 |
1.6 |
1.4% |
- 0.3% |
Differences are due to rounding.
It should be noted that it is the French and
American sites that are benefiting from growth in the Asia-Pacific
and European markets.
The investments made in North America in recent years are bearing
fruit, enabling the Group to maintain its sales growth.
|
By Business Unit |
Turnover (€M)
9 months 2024 |
Impact in turnover (as %) |
Variation
(en %) |
Engineering
At constant exchange rate and perimeter |
55.9
55.9 |
48.3%
48.3% |
+2.9%
+2.9% |
Solutions
At constant exchange rate and perimeter |
59.7
59.6 |
51.5%
51.5% |
+13.0%
+12.9% |
Differences are due to rounding.
As expected, for the year as a whole, the
Solutions activities drove turnover growth, buoyed by the Equipment
business, while Engineering was stable.
Note that Q3 turnover growth of 4.1% to €36.7m was equally
distributed between the two Bus.
The TOP 5 customers are Airbus with 22.3% of
turnover (stable at +0.6%), Dassault with 20.3% of turnover (up
+7.0%), Bombardier with 13.0% of turnover (down -11.6%), Gulfstream
with 7.9% of turnover (up very sharply +162.2%) and Spirit
Aerosystems with 6.8% of turnover (up sharply +18.3%).
PERSPECTIVES
With growth of 7.4% to the end of September
2024, a balanced geographical spread, presence in a dynamic US
market and good diversification of its markets and customers,
SOGECLAIR, through its resilient model, confirms its confidence for
a year of sustained growth in 2024, which reinforces the progress
made in executing its 2030 plan, which targets €250 million in
turnover.
Next announcement:
turnover for the 4th
quarter 2024, on January 29, 2025, 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 10 30 CP CA Sogeclair EN
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