GEVELOT S.A.

  • ISIN: FR0000033888
  • Land: France

Nachricht vom 14.10.2020 | 18:00

GEVELOT S.A.: HALF YEAR REPORT 2020

GEVELOT S.A.
GEVELOT S.A.: HALF YEAR REPORT 2020

14-Oct-2020 / 18:00 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


 

 

The Board of Directors meeting on 14 October 2020 approved the Company's financial statements and the Consolidated financial statements for the Mid-year 2020, according to the IFRS International Accounting Standards.

 

Half-Year Report

 

The turnover and consolidated results of the Gévelot Group for the first half of 2020 compared to the first half of 2019 are as follows:

 

Consolidated Accounts

In millions of Euros

1st half 2020

1st half 2019

Year 2019

Turnover

42.7

49.8

103.7

Current operating income

- 0.6

6.3

8.6

Operating income

- 0.6

6.0

8.4

Financial income

- 0.9

1.0

2.1

Current pre-tax income, integrated companies

- 1.5

7.0

10.5

Tax

- 0.4

-0.8

- 1.6

Net income of consolidated companies

- 1.9

6.2

8.9

Equity attributable to interests not conferring control

0.2

0.1

0.3

Income attributable to the parent company

- 2.1

6.1

8.6

  

Key highlights during the first half of 2020

 

The first half of the year was strongly impacted by the global Covid-19 pandemic that had a major impact on our business and all sectors of the Economy.

 

In view of this unprecedented situation, the Group immediately implemented a solid action plan in response to the crisis, focusing on two priorities:

 

  • The first priority was the health and safety of all employees, as well as the implementation of the appropriate conditions for a safe continuation of production,

 

  • The second one was to take rapid actions to limit the impact of the sharp drop in sales on operating profit. The precautionary and adaptation measures put in place within our production sites such as the reduction of activity for several weeks, while ensuring the supply, production and delivery of priority orders (in particular the food industry ) made it possible to avoid the total shutdown of our activity.                  In addition, the implementation of teleworking within commercial, R&D and international entities, as well as the use of the partial activity and other equivalent devices in all of the Group's entities made it possible to partially absorb the decrease in activity mentioned above. On the other hand, profitability over the half-year was down sharply due to unfavorable joint effects, volumes and margin rates, linked to the product mix compared to a particularly favorable first half of 2019.

 

The Group's Consolidated turnover for the first half of 2020 amounted to € 42.7 M, in fall of 14.3 % over the same period in 2019. At constant scope and exchange rates, the decline is 17.9 %.

 

It mainly consists of the Pumps Sector's turnover, declining particularly in Europe and the Middle East.

 

The Group's current operating income was negative at € 0.6 M against a positive result of € 6.3 M at the end of June 2019.

 

The operating income was negative: € 0.6 M against € 6.0 M positive at the end of June 2019.

 

 

The financial result was negative at € 0.9 M against a positive € 1.0 M in the first half of 2019 due to negative currency effects and less favorable remuneration conditions for our financial investments over this period.

 

Given the aforementioned facts and after tax, the Net income for the first 2020 half-year (Group share) shows a deficit of € 2.1 M against a profit of € 6.1 M in the first 2019 half-year.

 

 

GROUP OUTLOOK FOR 2020

 

 

Pumps Sector

 

At constant scope, the activity of this sector could decline sharply, mainly in the Industry and Oil & Gas international sectors.

 

Overall Group

 

The Turnover of Gévelot SA consisting of rental products and services will be stable.

 

The consolidated turnover at constant scope should be under the Covid-19 effect, down significantly compared to that of fiscal year 2019.

 

The 2020 consolidated net income should be close to balance excluding exceptional items not known to date.

 

The Group's growth strategy has nevertheless continued in Canada in the Oil & Gas sector with the finalization in early August 2020 of the acquisition of certain assets of Halliburton Energy Services Inc. known as Europump Systems Inc.

This asset acquisition is consistent with PCM's strategy of investing in the Artificial Lift and growing the Canadian market.

 

Finally, in order to strengthen the rental offer of Gévelot SA, discussions concerning possible tertiary investments are continuing in a context of a very uncertain real estate market.

 


Regulatory filing PDF file

File: GEVELOT - HALF YEAR REPORT 2020

show this

Unternehmen im Fokus

Wasserstoff-Rendite mit HPS

Spätestens mit Veröffentlichung der nationalen Wasserstoffstrategie rücken sämtliche „Wasserstoff-Unternehmen“ verstärkt in den Fokus der Investoren.
Das in Berlin ansässige Unternehmen HPS Home Power Solutions setzt Wasserstoff als saisonales Speichermedium für das autarke und vollständig CO2-freie Energieversorgungssystem picea® in Ein- bis Zweifamilienhäusern ein.
Dieses weltweit erste Solar-Wasserstoffkraftwerk für zuhause erlaubt mit einer Solaranlage eine dezentrale vollständige Stromversorgung über das gesamte Jahr und unterstützt dabei sogar zusätzlich die Wärmeversorgung im Haus.
Zur Finanzierung des laufenden Markteintritts und des weiteren Wachstums begibt HPS ein Nachrangdarlehen von bis zu 4 Mio. € über die Plattform GLS Crowd und verzinst das eingeworbene Kapital ab einem Einsatz von 250 € mit 7 % über eine Laufzeit von 5 Jahren. Die Zeichnungsfrist beginnt am 03.11.2020 um 10:30 Uhr.

Hinweis gemäß § 12 Abs. 2 Vermögensanlagengesetz: Der Erwerb dieser Vermögensanlage ist mit erheblichen Risiken verbunden und kann zum vollständigen Verlust des eingesetzten Vermögens führen.

Event im Fokus

14.-15.10.2020 Fachkonferenzen Finanzdienstleistungen und Technologie

11.-12.11.2020 Fachkonferenzen Software/IT und Branchenmix

Je nach aktueller Covid-19 Situation und den bestehenden Vorschriften für Versammlungen könnten die Fachkonferenzen im Herbst/Winter ggf. auch virtuell stattfinden.

GBC-Fokusbox

Solutiance: Hohe Wachstumsdynamik durch den Ausbau des Plattformgeschäfts erwartet

Im ersten Halbjahr 2020 konnte Solutiance den eingeschlagenen Wachstumskurs fortsetzen und im Rahmen dessen die Gesamtleistung (Umsatz zzgl. Bestandsveränderungen) um rund 75 % auf 0,66 Mio. € (1. HJ 2019: 0,38 Mio. €) erhöhen. Das Unternehmen erwartet für das Gesamtjahr durch den weiteren Ausbau der softwarebasierten Dienstleistungen einen Umsatzsprung im Vergleich zum Vorjahr auf rund 3 Mio. €. Bei einem von uns ermittelten Kursziel von 4,85 € vergeben wir das Rating KAUFEN.

News im Fokus

Continental AG: Dr. Elmar Degenhart legt sein Amt als Vorstandsvorsitzender von Continental aus eigenem Entschluss vorzeitig nieder

29. Oktober 2020, 21:05

Aktueller Webcast

HENSOLDT AG

9M 2020 Analyst Call

10. November 2020

Aktuelle Research-Studie

Ahlers AG

Original-Research: Ahlers AG (von GSC Research GmbH): Halten

30. Oktober 2020