COGELEC (EPA:COGEC) - Cogelec : Q3 2021 revenue. Continued strong growth in France and internationally. Renewal of the Executive Committee.

Transparency directive : regulatory news

21/10/2021 17:45

PRESS RELEASE

                               Q3 2021 revenue

           Continued strong growth in France and internationally

                     Renewal of the Executive Committee

Mortagne-sur-Sèvre, France, 21 October 2021, COGELEC (ISIN:
FR0013335742/ticker: COGEC), the French leader in access control systems for
building complexes, is today publishing its sales figures for the third quarter
of 2021.

Revenue (in EURm)            2021    2020    Change
Q1                           13.2     9.8    +35.0%
Q2                           12.9     7.9    +63.6%
Q3                           11.5     9.6    +19.2%
9-month total                37.6    27.3    +37.7%

Strong growth in Q3 across all the Group's activities

In a complex environment as the crisis comes to an end, still impacted by the
postponement at the end of the year of condominium association AGMs and
electronic component supply issues, Q3 2021 revenue totalled EUR11.5 million,
up +19.2% compared to Q3 2020.

For the first nine months of the year, COGELEC posted robust revenue growth of
+37.7% to EUR37.6 million. This performance includes both the continued
acceleration over the quarters of Intratone sales in France and the strong
recovery of sales activity in Europe. In France, business grew in the first
nine months of the year, with revenue of EUR33.2 million, compared with EUR24.3
million in 2020, up +36.3%. International business continued on its growth
trajectory, with an increase of +49.3% in the first nine months of the year
(revenue of EUR4.5 million compared with EUR3 million over the same period in
2020).

Subscriptions totalled EUR10 million for the first nine months, up +19.6% on
last year's EUR8.4 million, accounting for 27% of total revenue.

Appointment of Eric Bublex, Chief Operating Officer, and Victor d'Allancé,
Head of International Development, to COGELEC's Executive Committee

Eric Bublex recently joined COGELEC's management team as Chief Operating
Officer, responsible for industrial, HR, administrative & legal activities.

Eric Bublex has training both as an engineer and in business administration. He
began his career in the industrial vehicles divisions of Renault and then
Volvo, as new vehicles project manager, then multi-site HR Director and finally
Director of industrial projects.

Chief Operating Officer within an ISE specialised in spinal surgery implants
and instruments, then an independent consultant for several years, Eric Bublex
has assisted numerous companies as transition manager, primarily in technical
and industrial management.

Victor d'Allancé joined the COGELEC Group in 2019 as Head of Sales for the
United Kingdom. He has solid international sales experience and joins COGELEC's
Executive Committee with immediate effect.

Victor d'Allancé began his career at BNP Paribas Corporate and Investment
Banking in structured financing and M&A. Before joining COGELEC, Victor was
Head of Sales for a high-end audio equipment brand for the United Kingdom area.
Victor has a Master's in Finance and Management, a bachelor's degree in
Business and Finance and a Bachelor's Degree ("Licence") in International
Business.

COGELEC's Executive Committee now consists of the following seven members:

- Roger Leclerc, Chairman-CEO
- Eric Bublex, Chief Operating Officer
- Victor d'Allancé, Head of International Development
- Véronique Pochet, Chief Financial Officer
- Xavier Benaiteau, Industrial Manager
- Laurent Caramelle, Director of the Research & Development programme
- Norbert Marchal, Responsible for advanced research and mechatronics projects

2021 guidance confirmed

COGELEC expects revenue to continue climbing both in France and internationally
over full-year 2021, driven by the Intratone brand. Given the persistent
electronic component supply issues which could weigh on equipment sales between
now and the end of the year, the Group has reiterated its FY 2021 EBITDA target
which should be around 10% of revenue.

                                Upcoming events
        Publication of Q4 revenue: 10 February 2022, after market close

Contacts

Cogelec
Véronique Pochet
Chief Financial Officer
+33 (0)2 72 67 00 91
investors@cogelec.fr

Actifin
Ghislaine Gasparetto
Financial Communication
+33 (0)6 21 10 49 24
ggasparetto@actifin.fr

Actifin
Jennifer Jullia
Financial Press Relations
+33 (0)6 47 97 54 87
jjullia@actifin.fr

About COGELEC

COGELEC is the French leader in access control systems for building complexes.
In 2007, COGELEC created the first global wireless interphone with subscription
offer, under the Intratone brand. COGELEC has already outfitted 1.4 million
homes, out of a potential total of 15.4 million homes in France. COGELEC is an
international group also offering its solutions in Germany, the United Kingdom,
the Netherlands, Belgium and Luxembourg.
Based on an indirect distribution model, combined with very close-knit
relations with end clients (social landlords and building complex management
associations), COGELEC posted revenue of EUR40.4m in 2020.
COGELEC is listed on the Euronext Growth Paris, and is part of the Growth
AllShare, Tech Croissance and PEA-PME 150 indices.

For more information: www.cogelec.fr

COGELEC's latest news

15/05/2024 17:45

COGELEC (EPA:COGEC) - Cogelec : Q3 2021 revenue. Continued strong growth in France and internationally. Renewal of the Executive Committee.

Transparency directive : regulatory news

COGELEC's latest news

Other stories