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09 . 2015

2015 Half‐yearly Results

Against an unstable international backdrop, ACTIA Group has every confidence in the outlook for its future business and reconfirms an annual revenue growth target of 10%.

Driven by the robust performance of the Automotive Division, half‐yearly turnover for ACTIA Group progressed by 11.7% (+ 10.4% at constant exchange rates) to reach €183.0 million, compared to €163.8 million for the same period 2014.

Turnover generated by sales to international customers was up by 18.4% and now represents 65.4% of the total business.

The Automotive Division continued to perform more than satisfactorily with an increase in half‐yearly turnover of 15.4% to reach €166.1 million. This result was driven in part by the continuous improvement in sales of telematic boxes for premium lightweight vehicles and trucks.

At the same time, turnover in the Telecommunications Division was significantly down (‐15.2%), in line with the Group's expectations, due to a very high like‐for‐like figure in 2014 (non‐recurrent income).

Despite the buoyancy of the business, Operating profit decreased by 6.1% to €7.5 million, compared to €8.0 million for H1 2014. This was due mainly to:

  • The sudden rise in the dollar (impact of €1.8 million), partially offset by the Group's hedging strategy,
  • A high like for like figure for the Telecommunications Division due to non recurrent income in 2014.

 

For the first half 2015, the Automotive Division thus recorded Operating profit of €7.5 million, up by 10.3% in comparison to the same period 2014, despite the negative impact of the rise in the dollar, a less favourable product mix and continued sustained expenditure on R&D.

The Telecommunications Division made an Operating profit of €0.5 million with payroll costs well under control and a sign ificant reduction in external charges. The H1 2014 Operating profit of €1.7 million represents a very high basis for comparison with significant non-recurrent income being recorded.

Having taken into account the increase in financial expenses of €1.7 million related to the valuation of currency hedging instruments (dollar), interest on debt that remained stable (-0.7%) and corporate taxation, H1 Net profit for ACTIA Group amounted to €4.7 million as opposed to €5.8 million for the same period 2014.

As at 30 June 2015, the rate of net indebtedness for ACTIA Group was down to 93.5%, compared to 94.3% at 30 June 2014, despite an increase in WCR of €10.6 million due to the strong growth enjoyed by the business, while the Group continued to invest in both R&D and manufacturing equipment.

Outlook

Against an unstable international backdrop, ACTIA Group has every confidence in the outlook for its future business and reconfirms an annual revenue growth target of 10%.

Distribution of the dividend

The dividend for the 2014 financial year will be paid on Wednesday 30 September after suspending the trading of shares on 28 September (before opening of the Paris Stock Exchange).

ACTIA Group innovation rewarded

During the Automobile Workshops in July, ACTIA Group received the PFA (Automobile and Mobility association) prize for the most progress in the Industrial Efficiency category.

The Group was also among the top three companies in the finals of the 2015 Prix de l'Audace Créatrice ('prize for creative daring'), awarded by the President of the Republic.

Finally, during the forthcoming 2015 Equip Auto Trade Fair, the jury for the International Grand Prizes will award ACTIA the gold trophy in the Connectivity category for the ACTIA iCAN box.

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Press Contact :
Hélène Denoël
+33 (0)5 61 17 61 19
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About ACTIA

ACTIA is a France based group with a global presence, specialised in high added value electronic onboard systems. These systems are destined for the vehicle and telecommunications markets.

With a strategy based on quality, innovation and customer-oriented service, the group is today a leader on its core business for vehicles with small and medium sized production runs.

From components to systems and from systems to networks, ACTIA group proposes an integrated and differentiated approach to meet the new challenges of mobility: safety, environment and connectivity.

Quality

picto checkMore than a requirement, quality is one of the ACTIA group's true values, and is shared by all its employees in a certified environment. Our experience and our expertise in the automotive and aeronautics sectors mean that our hardware and software designs provide a high level of quality.

Innovation

picto ampouleSince it was founded in 1986, ACTIA's spirit and policy of innovation have kept the group a length ahead of the competition. The inventor of electronic diagnostics and a pioneer in the field of vehicle architecture, particularly multiplexed architecture, ACTIA innovates across its skills spectrum to stand out from the crowd, remain independent and maintain its leading position in the field.

Service

picto clientService is an integral part of ACTIA's culture. It is rooted in the group's international dimension, which provides each and every one of our customers with local support that's synonymous with proximity, fast response and flexibility. There's a special ACTIA service for each of our products, systems and solutions that answers our customers' needs closely.

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