Prismaflex International S.A. Announces Unaudited Consolidated Sales Results for the Second Quarter and Six Months Ended September 30, 2016; Provides Earnings Guidance for the Period Ended September 30, 2016 and First Quarter of Fiscal 2018
October 19, 2016
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Prismaflex International S.A. announced unaudited consolidated sales results for the second quarter and six months ended September 30, 2016. For the quarter, the company reported total sales of 10.25 million against 11.89 million a year ago.
For the six months, the company reported total sales of 22.18 million against 25.38 million a year ago, down 9.9% at current exchange rates, due to the fall in Hardware Activity (analogue signs and decoration).
The company provided earnings guidance for the period ended September 30, 2016 and first quarter of fiscal 2018. In view of the low level of activity during the first six-month period, the group estimates that on September 30, 2016 operating profit will come to a loss of about 1 million. S2 activity will be more dynamic. To accompany and transform this upturn, the group is deploying a cost-reduction plan that will begin to produce positive results as of first quarter of 2017/2018.
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%).
Prismaflex International S.A. Announces Unaudited Consolidated Sales Results for the Second Quarter and Six Months Ended September 30, 2016; Provides Earnings Guidance for the Period Ended September 30, 2016 and First Quarter of Fiscal 2018