SergeFerrari Group

2024 First-Quarter Revenues of €73.5 million

Regulatory News:

SergeFerrari Group (FR0011950682 – SEFER) (Paris::SEFER), a leading global supplier of innovative flexible composite materials, listed on Euronext Paris – Compartment C, today announces its revenues for Q1 2024.

Sébastien Baril, SergeFerrari Group’s Chairman of the Executive Board, stated: ”As anticipated, our core activities continued to suffer during the first quarter. In this context, we are reinforcing the activation of the various levers of the Transform 2025 plan to improve the Group's profitability profile. The launch of the plan in 2023 has already enabled us to achieve its first effects, and we intend to deploy the remaining measures and bring them to their full potential throughout 2024. Alongside these initiatives is the Group's constant commitment to addressing the environmental issues impacting its technologies.”

Revenue breakdown by region (unaudited)

(€ thousands)	Q1 2024	Q1 2023	Ch. at current scope and exchange rates	Ch. at constant scope and exchange rates
Europe	53,789	64,770	- 17.0%	- 18.0%
Americas	7,678	9,276	- 17.2%	- 18.8%
Asia – Africa – Pacific	11,995	10,777	+ 11.3%	+ 13.0%
Total revenues	73,462	84,823	- 13.4%	- 14.1%

2024 First-Quarter Revenues

The Group reported revenues of €73.5 million for the first quarter of 2024, down -13.4% at current scope and exchange rates and -14.1% at constant scope and exchange rates, compared with the first three months of 2023, when growth was +7.3%, driven by the final effects of price increases and the acquisition of MSE, DCS and Baltijos Tentas.