Annual results for 2020: resilience, transformation of the profile and strong growth prospects
Published on March 16, 2021 – News
- Significant improvement in profitability in the second half of 2020
– Growth in EBITDA margin year-on-year at 14%: +1 pt compared to the second half of 2019
– Despite a decrease in revenue: -8% on an organic basis compared to the second half of 2019
– Increase in operating result: +5.5% on an organic basis compared to the second half of 2019
– Growing order book reaching €623 million
– Increase in available cash to €81 million (+€22 million in one year)
– Proposed dividend: €0.32 per share, stable compared to last year
- Strategic refocusing and operational transformation
– Strengthening of the Drones & Systems activity: merger with ECA Group finalized at end-2020
– Refocusing of the Engineering & Protection Systems activity: exit from the oil gas, launch of StedY
– Operational transformation in 3D printing: reorganization and new innovative offerings
- Positive momentum despite a challenging environment
– New orders in naval robotics worth over €90 million
– Commercial successes and partnerships signed in 3D Printing
– Important orders in fire protection and nuclear
– Ramping up in engineering advisory services
- Strengthening of the shareholder structure and governance
– Increase in free float and improved liquidity of the share
– Governance strengthened with the appointment of Hervé Guillou as board member
- Acceleration of the ESG strategy: +13 pts in the Gaïa rating
- Guidance for 2021: c.+15% revenue growth on an organic basis and strong improvement in profitability
- Solid medium-term outlook: major growth prospects for the three activities
– Deep, structurally sound and growing markets
– An attractive strategic positioning among the leaders in its specialized activities
– Commercial dynamic well engaged and set to accelerate