PR Newswire/Les Echos/
2009 FIRST HALF RESULTS
24 September 2009
The Board of Directors' meeting held on 24 September 2009 approved the
interim financial statements for the six-month period ended 30 June 2009.
EUR millions H1 08 H1 09
Sales
87.04 69.27
Gross margin (%) 70.5% 71.9%
Current operating income 8.71 1.96
As % of sales 10.0% 2.8%
Operating profit 7.93 (0.83)
Net financial expenses (0.28) 0.01
Income beforeminority interests 5.31 (0.64)
Net income 5.41 (0.46)
As % of sales 6.2% (0.6%)
2009 first-half results
Consolidated net sales declined 20.3% in the first six months, in line with
the overall trend for the building sector in Europe.
Reflecting the drop in sales in the period, current operating income declined
to EUR1.96 million, down from EUR8.7 million in the 2008 first half. In the
first six months of 2009, SECURIDEV continued to implement its plan to adapt
costs to market conditions launched in the second half of the previous year.
The operating loss of EUR0.83 million includes the impact of additional
impairment charges of EUR1.2 million for fixed assets.
Net income attributable to equity holders of the parent represented a loss of
EUR0.46 million. At 30 June 2009, the Group's financial structure remained
solid with positive net.
Outlook
Near-term visibility remains limited. For the full year, the Group expects at
best to limit the decline in sales in relation to 2008 to 15%.
The presentation of Sécuridev's half-year results and the 2009 interim
financial report can be consulted at the website www.securidev.com as of
28 September 2009
Next press release: 2009 third-quarter sales - early November 2009
ISIN FR0000052839 - Reuters SECF.PA - Bloomberg SEC
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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