Oberthur Technologies' 2009 Results: Sales Growth of 2.5% to 904.6MEUR for 2009
By Oberthur Technologies, PRNEWednesday, April 14, 2010
Strong Improvement in EBIT Which Grows by 23% to 86.7MEUR
PARIS, April 15, 2010 -
Oberthur Technologies - P&L Consolidated In MEUR Var. 2008 2009 2009/2008 Revenue 882,7 904,6 +2,5% EBITDA 117,5 132,6 +12,8% % EBITDA/ Sales 13,3% 14,7% Current Operating Income 87,0 92,2 +5,9% % REC / CA 9,9% 10,2% EBIT 70,7 86,7 +22,7% % EBIT/Sales 8,0% 9,6% Net Result 36,6 49,2 +34,3% % NR/Sales 4,2% 5,4%
Oberthur Technologies, a world leader in secure technologies
announced sales of 904.6 million Euros for 2009.
In a difficult macro-economic context, 2009 was a year in
which Oberthur Technologies consolidated its activities. Sales progressed by
2.5% and profitability increased with a Current Operating Profit of 92.2
million Euros or 10,2% of sales.
"Beyond the work achieved by the teams to preserve our
margins, we were able to see the benefits of the integration of the company
XPonCard, acquired in May 2008, which has now been fully accomplished within
the activities of Card Systems and positions us as number 2 worldwide in the
card industry. In parallel, the significant development of our Identity
activities allowed us to post positive results in this domain. The Fiduciary
activity was again strong. This global performance is noteworthy and confirms
the ability of our activities to resist to the effects of the business
cycles," comments Thomas Savare, CEO of Oberthur Technologies.
2009 Sales breakdown by activity
2009 % CA Card Systems 695,1 76,8% Fiduciary Printing 108,2 12,0% Identity 85,0 9,4% Cash Protection 16,4 1,8% Total 904,6 100,0%
2009 Sales breakdown by region
2009 Europe 429,1 RMEA 188,5 Americas 166,9 Asia 120,1 TOTAL 904,6
Outlook
Despite reduced visibility, Oberthur Technologies counts on a
return to growth in 2010, in particular a strong acceleration in the Identity
activities.
The Group will continue to invest in the development of its
means of production, including the opening of a new manufacturing site in
Brazil and many Service Centers around the world.
The development of new services and solutions, in the domain
of payment cards, mobile communications and identity will accelerate in 2010
with new means being implemented.
With the majority of its sites ISO 14001 certified and a range
of environmentally friendly products, Oberthur Technologies confirms its
engagement in the area of sustainable development.
SOFINA enters into the capital of FCOF
The holding company of Oberthur Technologies, François-Charles
Oberthur Fiduciaire, strengthens its equity with the capital investment of an
8% stockholding by SOFINA. The Group thus secures a long-term financial
partner capable of accompanying it in its growth projects.
Quoted on the Brussels stock exchange, SOFINA is a minority
investor in both public and private companies and possesses a portfolio worth
more than 3 billion Euros.
SOFINA will appoint two board members at François-Charles Oberthur
Fiduciaire and Oberthur Technologies.
About Oberthur Technologies
With sales of 905 million Euros in 2009, Oberthur Technologies is a world
leader in the field of secure technologies. Innovation and excellence ensure
Oberthur Technologies' strong positioning in its main target markets:
- Card Systems: The world's second largest provider of security and identification based on smart card technology and associated services for mobile, payment, transport, digital TV and convergence markets. - Identity: Leading international supplier for the manufacture and personalization of secure identity documents such as passport, identity card, driving license or health care card - traditional and electronic - and associated services for both governmental and corporate markets. - Security printing: A key player in the secure printing industry specialized in the production of banknotes, checks and other security documents in more than fifty countries. - Cash protection: World leader in the emerging market of intelligent systems to secure cash-in-transit and ATM.
Close to its customers, Oberthur Technologies benefits from an
industrial and commercial presence across all five continents.
Oberthur Technologies S.A. is a limited liability company
(société anonyme) registered in France with its registered office at 50 quai
Michelet 92 532 Levallois Perret, France. Oberthur Technologies S.A.'s
corporate registration number is 340 709 534 R.C.S. Nanterre.
Website: www.oberthur.com
Oberthur Technologies, Laetitia Brossette, Tél. : +33-1-55-46-71-93,
Email: l.brossette at oberthur.com; Presse, Joëlle Rousseau/Morgane Rybka, GBC Conseil, London, Paris, Munich, San Francisco, www.gbc-conseil.fr, Tel: +33-(0)1-41-31-75-07,
Email:joeller at gbc-conseil.fr, Email: morganer at gbc-conseil.fr
Tags: April 15, France, Oberthur Technologies, Paris
April 15, 2010: 10:48 am
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