News Column

Good 2013 results

April 28, 2014



Group key figures



In MEUR



2013



%



2012



%



Variation



Revenue



261.6



100.0



253.6



100.0



+3.2%



Gross profit



189.3



72.4



183.4



72.3



+3.2%



Personnel expenses



114.3



43.7



113.7



44.8



+0.5%



Structure cost



43.6



16.7



43.5



17.2



+0.2%



EBITA



32.6



12.5



27.3



10.8



+19.4%



Profit of the period



23.1



8.8



19.2



7.6



+20.3%



In 2013, a number of positive developments contributed to an improved operational result: Increasing product sales towards the end of 2013, maintenance sales growth of 9.7% (42.6% of revenue), lower production cost and good management of personnel cost. Currency effects were well managed. Good operating results in subsidiaries with above-average tax rates resulted in an increase of the Group tax rate to 23.5% (21.6% in 2012).

The level of cash, cash equivalents and fixed term deposits remains high at EUR 61.4m (gearing -31.9%) despite the acquisition of Ascenseurs MÉditerranÉe.

The Board will propose to the Annual General Meeting, which will take place on 12 June 2014, to increase the dividend to CHF 0.85 per share (2012: CHF 0.71)

Group sales (January - March)



in EUR million



2014



2013



Change



Total Sales



64.3



57.7



+11.4%



Maintenance



27.3



25.8



+5.8%



Excluding acquisitions, sales grew by 4.4% in the first quarter of 2014.

The controlling shareholders, who pooled their agta record stakes in agta finance, are supporting a new 2014-2018 business plan developed by Group management and intend to extend their shareholders agreement until 31 December 2018.

Outlook

agta record is expecting revenue growth of 9-11% in 2014. Taking into account recent acquisitions an EBIT margin of 9.4-9.7% is projected.

Next media release: 2014 Q2 sales, on 15 July 2014 (after trading).

Current and historical financial information is published online in the shareholders' section of the Group website

http://shareholders.agta-record.com.

The Group also publishes all relevant financial information online via the accredited media publisher: www.actusnews.com.

About agta record

Ranking among the top players in the global market for automatic pedestrian doors, agta record calls on its integrated technological and commercial know-how. The Group's extensive expertise covers the design, production, marketing, installation and maintenance of a large range of automatic doors.

Headquartered in Switzerland, agta record sells its products and services across the globe and is directly present with subsidiaries in 14 countries.

agta record is listed on Euronext Paris - foreign stocks

ISIN : CH0008853209

www.agta-record.com

Contacts:

agta record

Hubert Jouffroy - Chairman of the Board

Actus Lyon

Amalia Naveira - Investor Relations

TÉl : +33 (0)4 72 18 04 97 - shareholders@agta-record.com

Marie-Claude Triquet - Press Relations

TÉl : +33 (0)4 72 18 04 93 - shareholders@agta-record.com

Information rÉglementÉe

CommuniquÉs au titre de l'obligation d'information permanente :

- CommuniquÉ sur comptes, rÉsultats, chiffres d'affaires

- ModalitÉs de mise À disposition du rapport financier annuel CommuniquÉ intÉgral et original au format PDF :

http://www.actusnews.com/documents_communiques/ACTUS-0-35649-AGT-280414-RA-13-CA-T1-14-GB.pdf © Copyright Actusnews Wire

Recevez gratuitement par email les prochains communiquÉs de la sociÉtÉ en vous inscrivant sur www.actusnews.com

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Source: Actusnews (France)


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