Company Website:
http://www.groupe-gorge.com
PARIS -- (Business Wire)
Groupe Gorgé:
|
|
|
|
|
|
|
|
In €m |
| 2014(1) |
| 2013 |
|
Var. (%)
|
Smart Safety Systems | | 59.5 | | 63.0 | | -5.5% |
|
Q1
| |
17.3
| |
17.8
| |
-3.1%
|
|
Q2
| |
22.1
| |
24.8
| |
-11.2%
|
|
Q3
| |
20.1
| |
20.3
| |
-0.7%
|
| Industrial Projects & Services | | 58.3 | | 57.0 | | +2.2% |
|
Q1
| |
17.6
| |
18.2
| |
-3.3%
|
|
Q2
| |
19.9
| |
18.9
| |
+5.6%
|
|
Q3
| |
20.8
| |
20.0
| |
+4.0%
|
| Protection in Nuclear Environments | | 32.5 | | 28.8 | | +12.8% |
|
Q1
| |
11.4
| |
9.0
| |
+26.6%
|
|
Q2
| |
12.1
| |
9.9
| |
+21.9%
|
|
Q3
| |
9.0
| |
9.9
| |
-9.0%
|
| 3D printing | | 2.5 | | 0.1 | | NS |
|
Q1
| |
0.2
| |
-
| |
NS
|
|
Q2
| |
1.0
| |
0.0
| |
NS
|
|
Q3
| |
1.4
| |
0.1
| |
NS
|
| Intra-group sales | | (0.1) | | (0.3) | | NS |
|
Q1
| |
(0.2)
| |
(0.1)
| |
NS
|
|
Q2
| |
0.1
| |
0.0
| |
NS
|
|
Q3
| |
(0.0)
| |
(0.3)
| |
NS
|
| Consolidated revenue | | 152.7 | | 148.5 | | +2.8% |
|
Q1
| |
46.2
| |
45.0
| |
+2.8%
|
|
Q2
| |
55.2
| |
53.6
| |
+2.8%
|
|
Q3
|
|
51.3
|
|
50.0
|
|
+2.6%
|
| | | | | |
|
(1) Revenue for the 1st half-year was subject to a limited review by
the statutory auditors; revenue for the 3rd quarter has not been audited.
3D printing saw strong growth in the 3rd quarter
The group continued to grow in the 3rd quarter with revenue of €51.3
million, up 2.6% compared with the same period in 2013.
Although still moderate, revenue for the 3D Printing division
rose sharply to €1.4 million in the 3rd quarter, compared with €1.2
million in the first half-year. For the first time, this division made a
strong contribution to the group's revenue in the 3rd quarter, at 3%.
The dynamism of the Industrial Projects and Services (PSI)
division and the rise of 3D Printing fully offset the anticipated
slowdown of the Protection in Nuclear Environments(PMN) division.
Growth of 3% over 9 months
Over 9 months, consolidated revenue grew by nearly 3%. This performance
is particularly strong in the PMN and 3D Printing
divisions. It offsets the decline (-5.5% over 9 months) in the Smart
Safety Systems (ECA) division, which was adversely affected in
particular by tensions with Russia. This division has devoted
significant resources to several major projects, some of which could
quickly materialise or come into force. The target of moderate growth in
this division's business throughout the year is still achievable, but
depends in part on the normalisation of relations with Russia and the
fast acquisition of orders under negotiation, which could be carried out
immediately.
Outlook: a positive 4th quarter is expected
The revenue for the 4th quarter will be the highest of the year, with
all businesses enjoying good prospects. The PMN division, after
achieving considerable success in recent months, is working on major
calls for tender (China, Russia, UK, etc.). The PSI division and
in particular the fire protection business should achieve a very
positive 4th quarter. For the Smart Safety Systems division, ECA
will enjoy both sustained business and hopes for very large contracts.
Lastly, the 3D Printing division will continue to make an
increasing contribution to the group's business.
About Groupe Gorgé:
Established in 1990, Group Gorgé is an industrial group operating in
different areas of expertise: Smart Safety Systems, Protection in
Nuclear Environments, Industrial Projects & Services and 3D Printing.
In 2013, the Group reported revenue of €214.5 million. It is backed
by 1,300 employees and operations in over ten countries. Groupe Gorgé is
listed on NYSE Euronext Paris (ISIN: FR0000062671; Ticker code: GOE) and
on the US OTC market (ISIN: US3994511034; OTC Pink: GGRGY / GGRGF) in
the form of ADR.
More information available on www.groupe-gorge.com
Contacts:
Groupe Gorgé
Nathalie Lagos
Communications
Manager
Tel: +33 1 44 77 94 77
contact@groupe-gorge.com
Source: Groupe Gorgé
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