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Press release |
Paris, 6th July 2000 |
ELECTRONIC AND COMPUTERISED TOLL COLLECTION SYSTEMS
Computerised and electronic toll systems
1st six month period 99/2000
Production: +72.8%
Operating result: + 136.5%
Net result: + 98.5%
The Board of Directors of GEA, meeting on 20th June 2000, has drawn up the accounts for the financial year to 30th September 1999.
|
31/03/99 |
30/10/99 |
% |
% |
|||
|
MF |
Meuro |
MF |
MEuro |
production |
evolution |
|
|
Production |
79.0 |
12.04 |
136.5 |
20.81 |
+ 72.8 |
|
|
Gross margin |
40.8 |
6.22 |
62.8 |
9.57 |
46% |
+ 53.9% |
|
Operating result |
9.6 |
1.46 |
25.5 |
3.46 |
16% |
+ 136.5% |
|
Operating net income before tax and deductions |
12.1 |
1.84 |
26.9 |
3.40 |
15.0% |
+ 84.3% |
|
Net result |
6.8 |
1.04 |
14.3 |
2.06 |
9.9% |
+ 98.5% |
During this first six month period 99/2000, G.E.A., the French leader in computerised and electronic toll systems, has managed to continue to grow whilst reinforcing its already high profitability ratios.
So, production rose to 20.81 M. Euros
recording a growth of 72.8%. In the same period of time the remarkable
growth in the operating result: + 136.5% and the net result: + 98.5%
allowed us to show an operating margin and a record net margin of
16% and 9.9% respectively.
As a reminder, these ratios stood at 12% and 8.6% at 31st
March 1999. G.E.A. has therefore concentrated on its high added value
activities (development of the "software" area), whilst
simultaneously reinforcing the selection of business markets.
The 1st six month period was marked by
a strong dynamic in the activity both in France and internationally
as shown by the four significant contracts which we won:
- In France, where G.E.A. won the first contract for Electronic Toll
Collection systems using T.I.S. technology (French ETC interoperability
programme).
- On the export market, where the group won three contracts in Brazil,
in Morocco and in China.
In addition; G.E.A. has reinforced its technological leadership by delivering the first fully automatic toll station
(A 89 motorway) and by continuing with the integration of the T.I.S. into 8 of the 9 French motorway companies.
Equity increased to 115 MF as against 97 MF at 31st March 1999, the net cash account reached 53 MF (45 MF for the previous financial year), without running into debt.
Prospects
In a market revitalised by technological
developments, new infrastructures and the privatisation of existing
motorways (Brazil, CIS, China, etc.) G.E.A. stands out through its
commercial leadership in France, its reinforced export presence and
its innovative capacity.
At 31st March, the order book, in the process of being
reconstructed, stood at 170 MF.
Sicovam Code: 5303
Vos contacts
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| Grégori
ZASS Secrétaire Général Tél : 04 76 90 72 72 |
Ghislaine
Gasparetto Relations Analystes / Investisseurs Tél : 01 53 67 36 75 |