SergeFerrari Group Posts Q3 2023 Revenues of €73 Million - Seite 2

Activity as of September 30, 2023: revenues of €248.6 million

In the first nine months of 2023, the Group posted revenues of €248.6m, down 0.5% on a current scope and exchange rate basis and down 6.1% on a constant scope and exchange rate basis.

This a constant scope and exchange rate revenues, which was particularly sharp in Europe, was only partly offset by performance in the rest of the world:

- The Europe region posted a slight decline of -1.1% in sales compared with 2022 on a current scope and exchange rate basis, and of -9.9% on a constant scope and exchange rate basis. Conversely, the acquisitions of MSE/DCS and Baltijos Tentas in 2022 and Markleen in 2023 contributed €16m to revenues over the period. Europe was particularly affected by the decline in revenues from the Furniture and Solar Protection segments.

- The Americas region achieved revenue growth of 3.1% on a current scope and exchange rate basis, thanks to good performances in the Modular Structures and Tensile Architecture segments.

- The Asia-Pacific-Middle East-Africa region reported stable revenues at current scope and exchange rates, and growth of 4.5% at constant scope and exchange rates. The negative currency effect recorded in this region concerns all invoicing currencies (yen, yuan, rupee and Taiwanese dollar).

Over the first nine months of the year, the scope effect contributed +6.6% to revenue growth, and the price mix effect +4.9%. The currency effect was -0.9% and the volume effect -11.1%.

3^rd quarter 2023 activity: revenues of €73 million

Revenues for the 3^rd quarter of 2023 amounted to €73.0m, down 8.3% on a current scope and exchange rate basis and down 12.8% on a constant scope and exchange rate basis, compared with the 3rd quarter of the 2022 financial year, which saw a strong commercial performance.

The global trend in the 3rd quarter is the result of:

• A scope effect of +6.5% (+€5.1m), resulting from the targeted external growth policy and the contribution of the Solutions business (biogas, fish-farming and composite materials processing) and Markleen;
• A slightly positive price-mix effect of +0.9%;
• A volume effect of -13.6%, mainly due to the economic situation in the building, renovation and consumer equipment sectors;
• A currency effect of -2.0% and -1.6 million euros.

Outlook