Sogeclair

Consolidated turnover for the 1st half 2020

Blagnac, France, July 22^th 2020-5.35pm,

Montreal, Canada

Consolidated turnover for the 1^st half 2020: -24.0% 

SOGECLAIR, designer and manufacturer of innovative high added-value solutions for the mobility, announces today its consolidated turnover for the 1^st half 2020, ending on June 30^th 2020. It stands at €68.9 million compared to €90.6 million for the same period in 2019 and at €25.6 million compared to €45.6 million at Q2 2019. Exchange rate variations over the period are limited, they represent €0.4 million against €1.8 million at H1 2019.

By division	Turnover (€ million) H1-2020	Turnover (€ million) H1-2019	Variation as %
Aerospace     At constant exchange rate	51.2 50.7	74.9 74.9	-31.6% -32.3%
Simulation      At constant exchange rate	17.2 17.3	14.2 14.2	+21.0% +21.3%
Vehicle	0.4	1.5	-70.2%
Total	68.9	90.6	-24.0%
International	37.3	51.9	-28.1%

The Aerospace division (74.4% of turnover) has decreased by 31.6% during the first half and by 54.0% during the alone second quarter. All the commercial aviation, business aviation and space segments are declining.

Commercial aviation suffered from limited customer site closings, production rates have been lowered creating a one-time amplified effect on products. “Serial” and development services have seen their budgets greatly reduced.
For business aviation it was longer plant closings that caused most of the decline.

Simulation division (25.0% of turnover) has increased by 21.0% and 12.5% during the second quarter. It is the activities related to large simulators that support growth.

Vehicle division (0.6% of turnover) has decreased by 70.2% during the first half and by 65.7% during the second quarter.

By geographical area

2020 (€ million)

Impact on Turnover (as %)

Evolution