Sogeclair : Consolidated 2017 3rd quarter turnover

By , in PR PR World on .
Blagnac, France, November 08th 2017-5.45pm,
                                                                                                                                                       Montreal, Canada
CONSOLIDATED 2017 3RD QUARTER TURNOVER UP BY 8.67%SOGECLAIR, the designer of innovative high added-value solutions and products for the aerospace and transport sectors, today reports its turnover for the third quarter of 2017, ending on September 30th 2017.The activity's development is led by the North American strong dynamic and by all group's divisions.The Aerospace division, up by 6.5%, increases by 7.57% in the 3rd quarter alone, despite a negative USD effect. The decrease of European activities is particularly sensitive in UK (partner portage), while the North American activity is very dynamic.The Simulation division, up by 15.2%, slows down in the 3rd quarter due to a significant base effect related to purchases in Q3.2016 (cf. Q3.2016 press release). It benefits from high taking of orders in the automotive area which effects will be felt from Q4.2017.The Vehicle division, up by 142.3%, continues its 2017 rally by 236.7% in the 3rd quarter through the contracts effects that the group still wins for 1 year and a positive base effect on an wait-and-see 2016 period.Per zone on 9 months, France speeds up by 6% to 45.2% of the consolidated turnover, while Europe downturns by 6% to 28.8% of the consolidated turnover (UK effect). North America, which is very dynamic, increases by 50% to achieve 21.1% of the consolidated turnover and realizes the led territorial strategy.Resolutely turned the future, focused on terms of expertise and industrial sectors, SOGECLAIR confirms a new year of growth in the activities for 2017.Next announcement: Q4.2017 turnover on February 07th 2018, following closure of the Stock Market.About SOGECLAIR
Designer of innovative, high added-value solutions and products, SOGECLAIR brings its skills in high-quality engineering and production to cutting-edge sectors: aeronautics, space and transport. Supporting its customers and partners from the design and simulation stages through to the end of the product's lifetime, all along the production chain and for entry into service, the Group counts nearly 1,400 staff working worldwide to offer a high-quality, proximity service to all its customers.
SOGECLAIR is listed on Euronext Paris – Compartment C – Euronext® Family Business index – Code ISIN: FR0000065864 – PEA PME 150
(Reuters SCLR.PA – Bloomberg SOG.FP)
Contacts
Philippe ROBARDEY, President & CEO of SOGECLAIR +33(0)5 61 71 71 71
Marc DAROLLES, Executive Vice-President of SOGECLAIR +33(0)5 61 71 71 71
www.sogeclair.com
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Sarah Thompson

Sarah Thompson

Sarah is a financial reporter, focusing on technology, national security, and policing. Before joining Daily Telescope she worked as a staff writer at Fast Company and spent two years as a foreign correspondent in Turkey. Her work has been published in Al Jazeera America, The Nation, Vice News, Motherboard, and many other outlets.
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