COGELEC (EPA:COGEC) - Cogelec : Q3 2020 revenue: €9.6m, +7.6%. 9-month revenue: €27.3m. Gradual recovery in growth.
Transparency directive : regulatory news
22/10/2020 17:45
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PRESS RELEASE
Q3 2020 revenue: EUR9.6m, +7.6%
9-month revenue: EUR27.3m
Gradual recovery in growth
Mortagne-sur-Sèvre, France, 22 October 2020, COGELEC (ISIN: FR0013335742/ticker
: COGEC), the French leader in access control systems for building complexes,
is today releasing its revenue for third-quarter 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%
9-month total 27.3 28.0 -2.3%
Business rebound confirmed in the third quarter
With the environment still impacted by the health crisis, revenue for
third-quarter 2020 came out at EUR9.6m, up 7.6% on third-quarter 2019.
In the first nine months of the year, COGELEC reported revenue of EUR27.3m,
down slightly by 2.3%. The performance mainly reflects the pick-up in Intratone
sales in France and the resumption of sustained sales activity in Europe.
In France, business recovered in the first nine months of the year, with
revenue of EUR24.3m, compared with EUR25.3m in 2019, down 4%. International
business grew 14.2% in the first nine months, with revenue of EUR3m, against
EUR2.6m in 2019.
Subscriptions totalled EUR8.4m for the first nine months compared with EUR7.3m
in 2019, up 15.3% on last year's EUR7.3m and accounting for 31% of revenue.
2020 guidance confirmed
COGELEC is expecting stable business in France and double-digit growth
internationally for FY 2020. Activity growth is expected to be weak in 2020,
but should, however, be accompanied by a positive EBITDA.
Upcoming events
Publication of Q4 revenue: 11 February 2021, after market close
Contacts
Cogelec
Véronique Pochet
Chief Financial Officer
+33 (0)2 72 67 00 91
investors@cogelec.fr
Actifin, Financial Press Relations
Jennifer Jullia
+33 (0)1 56 88 11 19
jjullia@actifin.fr
Actifin, Financial Communication
Ghislaine Gasparetto
+33 (0)1 56 88 11 22
ggasparetto@actifin.fr
About COGELEC
COGELEC is the French leader in access control systems for building complexes.
As early as 2007, COGELEC created the first universal wireless intercom
subscription service 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 EUR40m in 2019.
COGELEC is listed on Euronext, compartment C and is listed on the CAC SMALL,
CAC MID & SMALL and CAC ALL TRADABLE indices.
For more information: www.cogelec.fr