COGELEC (EPA:COGEC) - Cogelec : Q4 2020 revenue: +9.3% (€13.1m). Continued growth in all business activities. Confirmation of 2020 guidance.
Transparency directive : regulatory news
11/02/2021 17:45
Click here to download pdf version
PRESS RELEASE
Q4 2020 revenue: +9.3% (EUR13.1m)
Continued growth in all business activities
Confirmation of 2020 guidance
Mortagne-sur-Sèvre, France, 11 February 2021, COGELEC (ISIN: FR0013335742/
ticker: ALLEC), the French leader in access control systems for building
complexes, is today releasing its revenue for FY 2020.
Revenue (in EURm)
2020 2019 Change
Q1 9.8 9.4 +4.2%
Q2 7.9 9.6 -17.9%
Q3 9.6 9.0 +7.6%
Q4 13.1 12.0 +9.3%
12-month total 40.4 40.0 +1.2%
Business recovery confirmed in the fourth quarter
After the strong impact of the health crisis on the second quarter, the
recovery in growth initiated in the third quarter continued in the fourth.
For the full year, and consistent with our previously communicated forecasts,
annual revenue for 2020 came out at EUR40.4m, up slightly on 2019 (+1.2%).
In an environment that continues to be impacted by the health crisis, Intratone
sales in France were stable and international sales increased 25.6%, with a
revenue of EUR4.4m. Hexact sales fell 17.0% in FY 2020 in a cable-intercom
market that continued to contract. The market trend confirms the relevance of
Intratone's positioning with an original wireless intercom range for building
complexes.
Subscriptions totalled EUR11.4m in 2020 compared with EUR9.8m in 2019, for an
increase of 16.6% and a 28% share of revenue for the year as a whole.
2020 guidance confirmed
Consistent with the objectives announced(1), COGELEC is confirming positive
EBITDA for FY 2020.
Upcoming event
2020 annual results & Q1 revenue: 21 April 2021, 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)1 56 88 11 22
ggasparetto@actifin.fr
Actifin
Jennifer Jullia
Financial Press Relations
+33 (0)1 56 88 11 19
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 more than 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 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 index.
For more information: www.cogelec.fr
Pour plus d'informations : www.cogelec.fr
(1) Press release of 22 October 2020.