COGELEC (EPA:COGEC) - Cogelec : Good revenue growth in 2019: €40m, +19.1%.

Transparency directive : regulatory news

12/02/2020 17:40

PRESS RELEASE

                  Good revenue growth in 2019: EUR40m, +19.1%

Mortagne-sur-Sèvre, France, 12 February 2020, COGELEC (ISIN:
FR0013335742/ticker: COGEC), the French leader in access control systems for
collective housing, is today releasing its revenue for 2019.

Revenue (in EURm)              2019*     2018    Change %

Q1                              9.4       7.6      +24.0%
Q2                              9.6       8.1      +18.5%
Q3                              9.0       7.7      +16.9%
Q4                             12.0      10.2      +17.5%
12-month total                 40.0      33.6      +19.1%

* Figures currently being audited by the statutory auditors

Good activity growth over the full year: +19.1%

Cogelec's fourth-quarter 2019 revenue totalled EUR12.0m, up 17.5% compared to
the fourth quarter of 2018.

Over the full year, Cogelec posted a 19.1% increase in revenue to EUR40.0m.

Revenue in France increased by 17.4% to EUR36.4m vs. EUR31.0m, driven mainly by
sales of Intratone. Revenue from international activities reached EUR3.5m
compared to EUR2.5m the previous year, an increase of 39.2% thanks to a ramp-up
of sales activity in Europe.

Subscriptions showed continued strong growth (+22.6%) to EUR9.8m over full-year
2019, and now account for 25% of revenue.

Growth expected in 2020

In 2020, Cogelec is set to see further growth in sales of Intratone in France
and Europe, in particular with the marketing of innovative products such as the
button operated intercom, interactive digital display board and connected
mailbox labelling.
The popularity and initial sales of the Kibolt universal key in France since
the beginning of the year confirm our ambitions in this disruptive
technology.

                                Upcoming events
   Publication of 2019 full-year results - 22 April 2020 after market close

Contacts

Cogelec
Véronique Pochet
Chief Financial Officer
+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 Communication
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, 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 EUR40m in 2019.
COGELEC is listed on Euronext, compartment C and is listed on the CAC SMALL,
CAC MID & SMALL and CAC ALL TRADABLE indices.
For more information: www.cogelec.fr

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COGELEC (EPA:COGEC) - Cogelec : Good revenue growth in 2019: €40m, +19.1%.

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