Prismaflex International S.A. Announces Consolidated Earnings Results for the Six Months and Year Ended March 31, 2016
June 20, 2016
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Prismaflex International S.A. announced consolidated earnings results for the six months and year ended March 31, 2016. For the six months, the company reported sales of EUR 25.15 million, operating loss of EUR 0.59 million, net loss of EUR 1.03 million, net consolidated loss of EUR 0.99 million and cash flow of EUR 0.10 million. EBITDA was EUR 0.59 million.
For the year, the company reported sales of EUR 50.53 million against EUR 48.57 million a year ago. Operating profit was EUR 0.46 million against operating loss of EUR 0.31 million a year ago. Net loss was EUR 0.67 million against EUR 0.28 million a year ago. Net consolidated loss was EUR 0.62 million against EUR 0.20 million a year ago. Cash flow was EUR 1.46 million against EUR 1.83 million a year ago. Net debt as on March 31, 2016 was EUR 7.02 million against EUR 7.50 million as on March 31, 2015.
Prismaflex International specializes in the manufacturing and marketing of street furniture and billboards for advertisers, municipal authorities and retail chain companies. The group also develops a large format printing activity. Net sales break down by activity as follows:
- large-format digital printing (65.1%; Print): production of printed media for advertising, sales promotion and decoration;
- sale of advertising displays and street furniture (34.9%; Hardware): Trivision billboards, scrolling panels, LED panels, classic frames and backlit frames, planimeters, bus shelters, display columns, etc.
With a strong international presence, Prismaflex International employs over 350 persons and has industrial operations in France, Spain, the United Kingdom, Sweden, Germany, Canada and South Africa through its subsidiaries.
Net sales are distributed geographically as follows: France (45.2%), the United Kingdom (6.2%), Spain (5.9%), Europe (14%), the United States (12.8%) and other (15.9%).