GROUPE SFPI (EPA:SFPI) - GROUPE SFPI: 2019 financial results
Transparency directive : regulatory news
22/04/2020 17:55
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April 22, 2020GROUPE SFPI : ANNUAL RESULTS 2019
Growth of sales revenues (+2,3%) and Growth margin (+0,4%)
The board of Directors held on April 22nd, 2020 has agreed on the statutory and
consolidated statements for the 2019 fiscal year. The accounts for the year
2019 from january 1st to december 31st, 2019 have been audited by our auditors
and the audit report on these accounts will be issued.
in EURM 31/12/2019 % 31/12/2018 % Variation
Of sales Of sales 2019/2018 (%)
Sales 562,5 549,8 +2,3%
Incl. Dom Security
Division 198,5 186,4 +6,5%
Incl. MAC Division 190,6 189,4 +0,7%
Incl. NEU-JKF Division 117,2 122,5 -4,3%
Incl. MMD Division 56,4 51,7 +9,1%
Growth Margin 330,4 58,7% 320,7 58,3% +0,4 pt
Incl. Dom Security Division 69,3% 69,7%
Incl. MAC Division 53,9% 52,8%
Incl. NEU-JKF Division 50,9% 49,7%
Incl. MMD Division 54,6% 57,9%
Recurring Operating
Income 30,6 5,4% 30,4 5,5% +0,6%
Incl. Dom Security
Division 17,1 17,0
Incl. MAC Division 4,4 4,0
Incl. NEU-JKF Division 3,2 4,0
Incl. MMD Division 5,5 6,4
Operating Income 12,0 26,6
Consolidated Net Income 3,8 0,7% 16,3 3,0%
Group Share 3,8 13,7
Non controlling interest - 2,6
Earning per share
(in euros) 0,04 0,14
Consolidated Sales at december 31, 2019 amount to EUR 562,5 M up 2,3 % compared
to 2018. Organic growth, excluding acquisitions and cessions in 2018 and 2019
is stable.
Recurring operating income is EUR 30.6 million vs. EUR 30,4 M in 2018 a drop of
0,6%.
Operating income is EUR 12 million. It includes EUR 6.2M of expenses related to
restructuration and EUR12.2M related to impairment of assets.
Net income from continuing operation reaches EUR 3.8 M vs EUR 16.3 M in 2018.
On December, 31st 2019, the Equity group's share amounts to EUR 199.6 M,
compared with EUR 204.5 M at December, 31st 2018.
In EURM 31/12/2019 31/12/2018
Non-current Assets 180,6 166,9
Current Assets 215,4 228,9
Net Inventories 80,5 79,2
Receivables 96,5 102,3
Others 38,4 47,4
Cash and equivalents 118,8 127,9
Total Asset 514,8 523,7
Equity 201,3 206,4
Incl. Group Share 199,6 204,5
Non current liabilities 148,1 140,2
Long-term financial debt 68,1 77,8
Leases debts long term 9,6
Provisions (employee benefit..) 70,4 62,4
Current liabilities 165,4 177,1
Short term financial debts 21,7 22,5
Leases debts short term 4,4
Payables 53,3 62,3
Other creditors and accrued liabilities 43,5 44,5
Others 42,5 47,8
Total 514,8 523,7
The financial structure remains solid, the group has a positive net cash of EUR
29 M split as follows
In EURM 31/12/2019 31/12/2018 Variation
2019/2018
Financial debts (long term)* (68,1) (77,8) +9,7
Financial debts (short term) * (19,8) (19,7) (0,1)
Overdraft (1,9) (2,9) +1,0
Cash and cash equivalents 118,8 127,9 (9,1)
Net Financial Excess 29,0 27,5 +1,5
(*)financial debts doesn't include IFRS16.
The simplified consolidated cash-flow statement is :
In EURM 31/12/2019 31/12/2018 Variation
2019/2018
Cash Flow from Operating Activities 43,0 30,6 +12,4
Cash flow used in Investment
activities (26,1) (25,3) (0,8)
Cash flow from (used in) Financing
activities (18,5) 3,4 (21,9)
Net increase (decrease) of Cash flow (1,6) 8,7 (10,3)
Cash flow 39,2 33,3 +5,9
In 2019, cash flow from financing activities includes EUR 13,5 M of net
borrowings and EUR (5) M of dividends to shareholders.
Perspectives and dividend
Due to the health crisis linked to Covid19, the Group is reserving its
projections for the financial year 2020.
In order to preserve its cash position, the Board of Directors held April 22,
2020 will suggest to the Sharehoders' Meeting of June 16, 2020 not to pay
dividends.
Find the presentation of results 2019, effective April 23, 2020 on
www.finance.groupe-sfpi.com
Next communication: Shareholder Meeting June, 16th 2020
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 560 million Euros,
employs 3900 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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