In This Article:
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Continued upturn in business observed in Q2, driven by the European market (Q3 revenues -0.6% vs. Q3 23)
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Operational implementation of the Transform 2025 Plan
SAINT-JEAN-DE-SOUDAIN, France, October 31, 2024--(BUSINESS WIRE)--Regulatory News:
SergeFerrari Group (FR0011950682 - SEFER), a leading global supplier of innovative flexible composite materials, listed on Euronext Paris – Compartment C, today announced its revenues for Q3 2024 and as of September 30, 2024.
Revenues breakdown by region (unaudited)
| (€ thousands) | Q3 2024 | Q3 2023 | Ch. at | Ch. at | As of | As of | Ch. at | Ch. at | ||||
| Europe | 52,144 | 49,279 | 5.8 | % | 5.8 | % | 172,366 | 179,384 | -3.9 | % | -3.7 | % |
| Americas | 7,519 | 8,681 | -13.4 | % | -12.5 | % | 23,522 | 28,810 | -18.4 | % | -18.1 | % |
| Asia – Africa – Pacific | 12,560 | 15,077 | -16.7 | % | -14.8 | % | 37,942 | 40,391 | -6.1 | % | -5.2 | % |
| Total revenues | 72,222 | 73,035 | -1.1 | % | -0.6 | % | 233,829 | 248,584 | -5.9 | % | -5.6 | % |
Sébastien Baril, Chairman of the SergeFerrari Group’s Executive Board, stated: "Following on the upturn in business observed in Q2 2024, revenues in Q3 2024 confirmed the first signs of improvement in our core activities, particularly in Europe. The final quarter should enable us to confirm the continuation of this recovery, and also benefit from the first positive impacts of our Transform 2025 plan."
Activity as of September 30, 2024: revenues of €233.8 million
In the first nine months of 2024, the Group recorded revenues of €233.8 million, a slight decline of -5.9% at current scope and exchange rates, and -5.6% at constant scope and exchange rates. However, this level of business confirms the positive trend already observed at the end of the first half, which was itself down 7.8% vs. 2023.
The trend observed over the first 9 months of the fiscal year at constant scope and exchange rates reflects contrasting situations by geographical area:
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The Europe region continues its recovery, with a moderate decline in revenues of -3.9% compared to the same period in 2023 at current scope, and -3.7% at constant scope and exchange rates. It returned to growth in Q3, indeed as a reminder in the first half year of 2024, the Europe region was down by -7.1% at constant scope and exchange rates vs. N-1.
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The Americas region continues to be penalized by a wait-and-see political and economic context and thus recorded a decrease in its revenues of -18.1% at constant scope and exchange rates, representing a slight improvement on the first half of the year, which was down of 20.5% at constant scope and exchange rates.
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The Asia-Pacific-Middle East-Africa region recorded a decline in its revenues of -6.1% at current scope and exchange rates, and -5.2% at constant scope and exchange rates, and continues to decrease due to the postponement of projects in Tensile Architecture.