Press Release 24 July 2012 - 6.50 pm
Sales for the first half of 2012: up 6.3%
(? millions) - IFRS - to 30 June | 2012 | 2011 | % change |
1st quarter | 54.5 | 50.2 | +8.5% |
2nd quarter | 55.4 | 53.1 | +4.3% |
1st half-year | 109.9* | 103.3* | +6.3% |
* This figure includes all of the Raydiall subsidiary's external sales, i.e. ? 4.1 million in the first half of 2012.
In the 1st half of 2012, sales were driven by a strong performance in aeronautics and a favourable foreign exchange position
Bolstered by a thriving aeronautics market and a favourable foreign exchange effect, in the 2nd quarter of 2012 Radiall achieved sales of ? 55.4 million, an increase of 4.3% in published data compared with the 2nd quarter of 2011. At constant foreign exchange rates, quarterly sales declined by 1.7%.
During the 1st half of 2012 overall, Radiall recorded sales of ? 109.9 million, an increase of 6.3% compared to sales for the 1st half of 2011, and 9.9% compared to the 2nd half of 2011. At constant foreign exchange rates, growth compared to the 1st half of 2011 was 2.1%.
Over the half-year period, all of Radiall's market were stable or recorded growth, except for the Telecom segment, which nevertheless reported sequential quarterly growth.
Export sales, which represented 79.3% of the Group's business activity during the half-year, were primarily driven by a buoyant North America, with other regions recording similar activity levels as those noted in the 1st half of 2011.
Outlook
Following four consecutive quarters of sequential growth, the Group confirms a favourable trend for its operations, notably due to a particularly robust aeronautics market. Other market segments remained subject to a more uncertain business climate.
In this environment, for the 2nd half of the year Radiall's sales target is to achieve a figure close to that recorded in the 1st half of 2012. This positive outlook remains subject to a continuation of the current overall business environment, more specifically a similar foreign exchange and raw material price environment to that prevailing in the 1st half.
Shareholders' agenda: 2012 half-year results: September 4th, 2012.
About RADIALL
RADIALL designs, develops and manufactures electronic components dedicated to wireless communication, automotive telematics and military and aeronautic equipment applications.
ISIN Code: FR0000050320 - Eurolist C - NYSE Euronext.
www.radiall.com
Guy de Royer Gilles Broquelet
Tel: +33(0)1 49 35 35 51 Tel: +33(0)1 80 81 50 00
guy.deroyer@radiall.com:
mailto:guy.deroyer@radiall.com gbroquelet@capvalue.fr:
mailto:gbroquelet@capvalue.fr
http://hugin.info/143551/R/1629070/521690.pdf
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Source: RADIALL via Thomson Reuters ONE