record your global partner for entrance solutions
agta record finishes 2019 in growth mode and improves margins
Media Release: Fehraltorf, 24 March 2020
| | | | |
| | | | | |
in EUR million
| |
2019
|
%
|
2018
|
%
|
Change
|
Turnover
| |
404.8
|
100.0%
|
375.4
|
100.0%
|
+7.8%
|
Gross margin
| |
294.4
|
72.7%
|
277.0
|
73.8%
|
+6.3%
|
Personnel expenses
| |
174.1
|
43.0%
|
177.6
|
47.3%
|
-2.0%
|
Structure cost
| |
51.7
|
12.8%
|
51.2
|
13.6%
|
+1.0%
|
EBITDA
| |
70.8
|
17.5%
|
50.8
|
13.5%
|
record.group
|
|
+39.4%
|
EBIT
| |
53.0
|
13.1%
|
37.8
|
10.0%
|
+40.2%
|
Financial result
| |
(1.0)
|
-
|
(2.6)
|
-
|
NM
|
Net income
| |
40.3
|
10.0%
|
25.9
|
6.9%
|
+55.6%
|
After booking revenue growth of 7.8%
|
climb to 17.5%, also supported by a
|
in 2019, agta record broke through
|
one-time pension credit (due to IAS19)
|
the EUR 400 million
|
barrier for the
|
and the first-time application of IFRS 16
|
first time. Growth of product sales was
|
(Leasing) which contributed a combined
|
higher (+9.4%) than in service and
|
1.6 percentage points to the improve-
|
maintenance (+5.6%) which resulted in
|
ment. EBIT increased by 40.2% to
|
a slight reduction in the gross margin
|
EUR 53 million. The improved financial
|
(in percent of revenue). Good cost
|
result and a lower tax rate of 22.4% re-
|
management let the
|
EBITDA margin
|
sulted in net income growing by 55.6%.
|
agta record ltd - Allmendstrasse 24 - 8320 Fehraltorf - Switzerland mail: info@record.group - web: www.record.group
your global partner for entrance solutions
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
web: www.record.group
mail: info@record.group
agta record ltd - Allmendstrasse 24 - 8320 Fehraltorf - Switzerlandrecord.group mail: info@record.group - web: www.record.group
Tel. + 33 6 07 44 56 12
Hubert Jouffroy - Chairman of the Board
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, pro- duction, marketing, installation and mainte- nance of a large range of automatic doors.
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About agta record
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2020 1st Quarter Sales:
23 April 2020 after trading
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By the end of February, agta record had grown order intake by 7%. At this point in time and depending on the country, construction sites have been closed or show limited activity, orders and pro- jects are being postponed and techni- cians are restricted in their mobility. The office-basedworkforce of the group is predominantly working from home. Depending on the country, various op- tions exist to mitigate the negative cost impact of personnel without work. The spreading pandemic and reduced ac- tivity are already having a negative in- fluence on the March results. Due to the low visibility it is not possible to evaluate the impact on the full year.
As communicated on 28 February 2020, ASSA ABLOY received phase 1 conditional clearance by the EU Com- mission to indirectly acquire the 54% shareholding in agta record from the shareholders of agta finance. ASSA ABLOY is expecting the closing in the second half of 2020 after all remaining closing conditions and the EU Commis- sion requirements have been fulfilled.
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Disclaimer
Agta Record AG published this content on 24 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2020 17:02:04 UTC