GROUPE SFPI (EPA:SFPI) - GROUPE SFPI: Half year 2021 results
Transparency directive : regulatory news
21/09/2021 19:21
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September 21st, 2021GROUPE SFPI : HALF YEAR RESULTS 2021
Strong half-year results in a still uncertain environment
The board of Directors held on September 21st, 2021 approved the condensed
half-yearly consolidated financial statements for the six months ended 30 June
2021. These financial statements have been subject to a limited review by our
statutory auditors and their report on the interim financial information is in
the process of being issued.
in EURM 30/06/2021 in % of 30/06/2020 in % of
sales sales
Sales 283,3 226,9
Incl. Dom Security
Division 99,2 84,1
Incl. MAC Division 104,5 71,7
Incl. NEU-JKF Division 50,2 46,0
Incl. MMD Division 29,5 25,2
Growth Margin 171,3 60,5 % 134,8 59,4 %
Incl. Dom Security
Division 70,2 % 68,8 %
Incl. MAC Division 55,9 % 54,6 %
Incl. NEU-JKF Division 52,3 % 51,3 %
Incl. MMD Division 57,4 % 56,3 %
Recurring Operating
Income 21,8 7,7 % -2,0
Incl. Dom Security
Division 11,3 1,4
Incl. MAC Division 5,9 -3,5
Incl. NEU-JKF Division 1,2 -0,9
Incl. MMD Division 3,4 1,6
Operating Income 22,3 7,9 % -5,8 -2,6 %
Consolidated Net
Income 15,8 5,6 % -4,7 -2,1 %
Group Share 15,7 -4,7
Non controlling
interest 0,1 -
Earning per share
(in euros) 0,16 -0,05
Consolidated revenue at 30 June 2021 was EUR283.3 million. It is 25% higher
than in 2020, almost back to its 2019 level of EUR286m.
Current operating income rose sharply to EUR21.8m, compared with EUR(2.0)m in
2020.
Net income from consolidated companies is also up sharply. It amounts to
EUR15.8m, compared to EUR(4.7)m in 2020.
On 30 June 2021, Group shareholders' equity amounted to EUR223 million compared
with EUR214.2 million at 31 December 2020.
In EURM 30/06/2021 31/12/2020
Non-current Assets 169,8 174,1
Current Assets 224,6 190,4
Net Inventories 86,5 74,0
Receivables 113,0 91,5
Others 25,1 24,9
Cash and equivalents 151,5 162,6
Total 545,9 527,1
Equity 224,6 215,9
Incl. Group Share 223,0 214,2
Non current liabilities 146,4 155,0
Long-term financial debt 69,8 75,3
Lease debt 6,9 7,4
Other debts (employee
benefit, lease IFRS16?) 69,7 72,3
Current liabilities 174,9 156,2
Short term financial debts 19,6 22,6
Short term lease (IFRS 16) 4,0 4,0
Payables 66,6 55,9
Other creditors and accrued
liabilities 49,8 43,9
Others 34,9 29,8
Total 545,9 527,1
The financial structure remains solid. The Group has a net financial surplus of
EUR62.1 million, broken down as follows:
In EURM 30/06/2021 31/12/2020 Variation
2021/2020
Non current financial debts (*) (69,8) (75,3) 5,5
Current financial debts (*) (18,3) (21,1) 2,8
Overdraft (1,3) (1,5) 0,2
Cash and cash equivalents 151,5 162,6 (11,1)
Net Financial Excess 62,1 64,7 (2,6)
(*)financial debts do not include lease debts IFRS 16
The simplified consolidated cash-flow statement is :
In EURM 30/06/2021 30/06/2020 Variation
2021/2020
Cash Flow from Operating Activities 12,6 13,5 (0,9)
Cash flow used in Investment activities (3,3) (2,2) (1,1)
Cash flow from (used in) Financing
activities (20,4) 8,1 (28,5)
Impact of exchange rate 0,2 (0,2) 0,4
Cash flow (10,9) 19,2 (30,1)
In 2021, cash flows from financing activities include the distribution of
dividends (EUR5.7m), the repurchase of treasury shares (EUR3.7m) and repayments
of debt to credit institutions (EUR10.4m).
Perspectives
For the 2021 financial year, the Group expects to increase its annual turnover
to EUR555 million (EUR540 million was announced at the end of 2020).
For Henri Morel, CEO and founder of Sfpi Group: "Three factors contribute to
these strong results. Firstly, a volume effect: we are facing sustained demand
which is confirmed in all the group's businesses. Secondly, an increase in our
productivity: we are seeing the first effects of our transformation and
rationalisation plan launched before the crisis and accelerated over the last
18 months. Finally, a value effect that is starting to take hold: we
anticipated the rise in raw materials prices by gradually increasing our
prices. This recovery is dynamic, but it remains full of uncertainties. We will
have to remain particularly attentive until the end of the year."
Find the presentation as on june 2021, effective September 22, 2021 on
www.finance.groupe-sfpi.com
Next communication: 2021 turnover published at the end of February 2022
Identity
Ticker : SFPI
Code ISIN : FR0004155000
Contact :
Nicolas LOYAU - CFO
nicolas.loyau@groupesfpi.com
or
Sophie MOREL - Investors relations
Sophie.morel@groupesfpi.com
+33 1 46 22 09 00
About Sfpi Group
SFPI Group (Safety for People and Industry) was founded in France in 1985.
Today, it constitutes a group of companies specialized in the safety industry
for people, goods and environment. They're united within 4 autonomous,
innovative and digitalized operating divisions: DOM Security, MAC, MMD,
NEU-JKF. SFPI Group generates a turnover of approximatively 550 million Euros,
employs 4000 people and delivers solutions such as buildings security and
convenience, air-treatment and energy saving, both for industrial and private
markets. Industrial, responsible and European with global ambitions, SFPI Group
is pursuing its international expansion
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