Sogeclair

3rd quarter turnover - Seite 3

 

Services (which represent 50.9% of the activity) decline by 38.1% while products (49.1% of the activity) show a better resilience with a limited decrease by 16.8%.

Mesures
Faced with the consequences of the health crisis for the sectors in which SOGECLAIR operates, the management team took adaptation measures from the 2^nd quarter. As of September 30^th 2020, efforts have already been focused on reducing general expenses, reducing purchases and lowering salary costs. As the decisions were taken before June 30^th, the non-recurring costs related to these measures were provisioned in S1.
At the same time, actions were taken to benefit from the measures contained in the recovery and support plans in the main countries of operation.

Perspectives
From 2020, the measures taken in terms of lowering costs, positioning on the various support programs, reorienting marketing and sales actions, strengthening them in particular towards the defense and space sectors as well as higher added-value service offer orientations accelerate the transformation of SOGECLAIR, which thus intends to quickly return to its pre-2020 growth rates.

Next announcement: Q4 2020 turnover on February, 03^rd 2021 after closing of the Stock Market.

About SOGECLAIR
Designer and manufacturer of innovative high added-value solutions, SOGECLAIR brings its skills in high-quality engineering and production to a broad range of cutting-edge sectors, notably aeronautics, space, vehicle, rail and defense. Supporting its customers and partners from the design and simulation stages through to the end of the product’s lifetime, all along the production chain through to entry into service, the collaborators are working worldwide to offer a high-quality, proximity service to all its customers.
SOGECLAIR is listed on Euronext Paris – Compartment C – Indice Euronext Family Business -Code ISIN : FR0000065864 / (Reuters SCLR.PA – Bloomberg SOG.FP)
Contacts: Philippe ROBARDEY, President & CEO of SOGECLAIR / Marc DAROLLES, Executive Vice President of SOGECLAIR / www.sogeclair.com / [phone]

Attachment

• PR-Turnover Q3 2020-EN