Sogeclair

3rd quarter turnover

Blagnac, France, November 04^th 2020-5.35 pm,

Montreal, Canada

Turnover over the first 9 months as of September 30^th 2020: -29.2% at €94.9M

SOGECLAIR, designer and manufacturer of innovative high added-value solutions for mobility, announces today its turnover for the 3^rd quarter 2020. As expected it is decreasing, it stands at -40.1% compared to the 3^rd quarter 2019. Exchange rate variations as of September 30^th 2020 are insignificant, whereas they represented + €2.4 million as of September 30^th 2019.
The decline of activity linked to the consequences of Covid-19 puts an end to 10 years of continuous growth.
The 2020 turnover over 9 months, declining by 29.2% compared to 2019, is equivalent to the turnover over the first 9 months of 2015. However, we note over the period a significant change in the distribution in favour:

• Of a better sectoral distribution for the benefit of the simulation division which went from less than 9% to more than 25% of the total turnover over the period, it is logically the aerospace sector which decreases the most from 90% to 74%.
• Of balancing the mix with the products which evolve from 26.2% to 49.1%.

By division	Turnover (€ million) 9 months 2020	Turnover (€ million) 9 months 2019	Variation as %
Aerospace         At constant exchange rate	70.3 70.2	109.0  109.0	-35.5%  -35.6%
Simulation      At constant exchange rate	23.9  24.0	23.2 23.2	+2.8%  +3.2%
Vehicle	0.7	1.8	-59.0%
Total	94.9	134.0	-29.2%
International	50.5	76.9	-34.3%

Aerospace division (74.1% of turnover) decreases by 35.5%, it is commercial aviation that fell the most at -40% and even -63% during the 3^rd quarter alone, when business aviation fell by 30% over 9 months and picks up at -21% over Q3.