Agta record : Media Release Q1 Sales 2020

Pandemic slows down 1st

Media Release: Fehraltorf, 23 April 2020 Consolidated sales (January - March 2020)

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quarter sales

in EUR million	2020	2019	Change
Turnover	91.7	95.2	-3.7 %
thereof service and maintenance	40.4	38.9	+3.9 %

The pandemic started to impact	maintenance	and	service activities
turnover in the course of March after	(2.9 %).
the agta record Group had booked	Given the volatility of current deve-
attractive	growth	rates during the
lopments, it is not possible to issue
first two	months	of 2020.	During
any forecast regarding the develop-
March product sales (-19.5 %) were
ment of the business during the full
more impacted than sales of main-
year. The management of the agta
tenance and service (-5.7 %). Many
record Group is ready to adapt the
customers	had to delay installation
organisation	and	the	capacities.
work because	employees	could
In addition, having no debt and a
not travel or due to closures of con-
substantial amount	of	cash on the
struction sites and buildings. On a
balance sheet will help to emerge
positive note, order intake continued
in good shape from the pandemic.
to grow in the first quarter, both in
the product business (2.7 %) and in
		agta record ltd - Allmendstrasse 24 - 8320 Fehraltorf - Switzerland
		mail: [e-mail] - web: www.record.group		record.group

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Next media release	ASSA ABLOY continues to expect
Half-year sales 2020:	the closing of the acquisition of agta
23 July 2020 after trading	record, announced on 6 March
	2019, in the second half of 2020
	after all remaining closing conditions
	and the EU Commission require-
	ments have been fulfilled.
About agta record	Contact
Ranking among the top players in the global	agta record ltd
market for automatic pedestrian doors, agta	Hubert Jouffroy - Chairman of the Board
record calls on its integrated technological
Tel. + 33 6 07 44 56 12
and commercial know-how. The Group's
mail: [e-mail]
extensive expertise covers the design, pro-
duction, marketing, installation and mainte-	web: www.record.group
nance 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 subsidi-
aries in 17 countries. agta record is listed
on Euronext Paris, foreign stocks. ISIN:
CH0008853209

agta record ltd - Allmendstrasse 24 - 8320 Fehraltorf - Switzerland mail: [e-mail] - web: www.record.group

record.group

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