2009 1st year-half Highlights
Decline in the consolidated sales: -20.3%
- B-to-B: -16.7%
Activity overall in line with market trends
Improvement in the Gross Margin from 70.5% to 71.9% (+1.4 pt.)
Pursuit of measures to adapt costs
- Reduction in staff costs: -5% compared with 2008 first half
Provisions for impairment of fixed assets of €1.2 million
Highlights 2008 Sales growth of 1.6%
Satisfactory first-half performance
Reorganisation of the Group into two management divisions
Merger of Beugnot activities within Métalux
Merger of Broglie Industries and Picard Serrures
Deterioration in sales in the 2008 second half
Adoption in second half of a performance improvement plan for the B-to-C division
A solid balance sheet : Positive net cash at 31 December 2008
2008 1st year-half Highlights Consolidated sales growth of 7%
Growth driven by international expansion
Good performance by the B-to-B division: +10%
More limited growth for the B-to-C division: +2%
Consolidated results maintain positive momentum
- Significant decline in financial expenses
Highlights 2007 Sales growth of more than 7%
Gains driven by contributions from international markets
Good performances of subsidiaries despite increased raw material prices
Optimization of all structures
Better-than-expected consolidated results
A solid balance sheet
2007 1st year-half Highlights Consolidated sales growth of 8%
An well-organized group
- Optimization of all Group structures
Positive trends for consolidated results
- Continued reduction of Group debt
2006 Highlights : Finalisation of the acquisition of DOM
49% growth in consolidated sales
Optimisation of Group structures
Development of industrial and commercial synergies
Positive trends for consolidated results
A reinforced financial structure
2006 1st year-half highlights : Consolidated sales growth of 60%
Finalisation of the acquisition of DOM
Implementation of synergies between DOM and the others of subsidiaries
Improved consolidated performances
- Positive contributions from the addition of DOM
… despite significant increases in raw material prices
Gearing: 56%
2005 Highlights : Consolidated sales growth of 9.3%
Improved performances in the second half
- Gains from cost reduction measures launched in the 1st half
- First positive contributions from the addition of DOM
Acquisition of the German company DOM
- An expanded European presence
- A well-established European brand name
2005 1st year-half highlights : Sales up by 4,9 %
Slight 1% fall of B-to-B Division
Sales up by 9,2% of mass market segment including the acquisition of the Polish Company Metalplast
Gross profit margin was decreased at the high level of 67,3% ( vs 70%) due to the negative impact of increased steel prices, partially passed on to products over the 2005 1st year-half
Completion of redundancy programme for Ronis
2004 Highligths :Sales up by 1,2 % : 92,.3 M€
Sales up by 8,0% of mass market segment including the acquisition of the Polish Company Metalplast during the second year-half
Decrease of 7 % drop for B to B sales
In spite of the negative impact of increased steel prices, gross profit margin was maintained at the high level of 69%.
Debt-to-equity ratio was stable at 30%.
2003 Highligths : Group sales increased by 11% to € 91.2 million from € 82.04 million for 2002, but were down 4% on a constant Group structure basis (CGSB)
-recovery in the 2nd half (+14% , +2% CGSB)
-good performance by Mass Market division
Successful integration of Titan d.d., a Slovenian company
Restructuring of the Ronis company
€ 3.8 million reduction in net borrowings
Sale of Romainville site
2002 consolidated full year results : A difficult economic environment
sales : € 82.04 million (€ 88.26 million for 2001 full year)
- Significant recovery in Mass Market business : sales up 2.9%
Acquisition of the Slovenian company Titan, locking systems market leader in the Balkan countries and a recognised player in Europe for the manufacture of its cylinders.
Continuation of workforce size adjustments
- Average workforce at 31/12/02: 1,182
Borrowings : decrease of € 4.8 million on a constant Group structure basis.
