COGELEC (EPA:COGEC) - Cogelec : First-half revenue: +21%. Second-quarter revenue: +18.5%.

Transparency directive : regulatory news

24/07/2019 17:45

PRESS RELEASE

                            First-half revenue: +21%
                         Second-quarter revenue: +18.5%

Mortagne-sur-Sèvre, France, 24 July 2019, COGELEC (ISIN: FR0013335742/ticker:
COGEC), the French leader in access control systems for building complexes, is
today releasing its revenue for the first half of 2019.

Revenue
In EURm           2019              2018                Change
                                                     2019 / 2018
Q1                9.4                7.6              + 23.7%
Q2                9.6                8.1              + 18.5%
Total H1         19.0               15.7                + 21%

Continued growth in France and internationally

Continuing on from the trend in the first quarter, consolidated second-quarter
revenue totalled EUR9.6m vs. EUR8.1m for the same period last year. This growth
of 18.5% was primarily driven by Intratone sales.

COGELEC continued to strengthen its client base, with subscriptions increasing
by 18.4% in the second quarter to EUR2.4m vs. EUR1.9m last year and by 28.7%
over the first half of the year to EUR4.8m vs. EUR3.7m last year.

Revenue generated in France totalled EUR8.7m in the second quarter, compared to
EUR7.4m last year, an increase of 16.5%. First-half sales in France rose 19.5%
to EUR17.3m, compared to EUR14.4m last year.

Internationally, COGELEC's subsidiaries are now fully operational and the
company's sales campaign has been given a warm welcome in a number of European
countries.

                             Upcoming events
               First-half 2019 results out: October 7, 2019
             Investors' meeting: October 8, 2019 at 10:00 a.m.
             Third-quarter 2019 revenue out: October 24, 2019

Contacts

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

Actifin, Financial Press Relations
Jennifer Jullia
+33 (0)1 56 88 11 19
jjullia@actifin.fr

Actifin, Financial Communications
Ghislaine Gasparetto
+33 (0)1 56 88 11 22
ggasparetto@actifin.fr

About COGELEC

COGELEC is the French leader in access control systems for collective housing.
As early as 2007, COGELEC created the first universal wireless intercom
solution under the Intratone brand.

COGELEC has already outfitted 1 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 and Belgium.

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 nearly EUR34m in 2018. COGELEC has set
a target of generating EUR90m in revenue by 2021. For more information:
www.cogelec.fr

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17/04/2024 17:40

COGELEC (EPA:COGEC) - Cogelec : First-half revenue: +21%. Second-quarter revenue: +18.5%.

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