FIRST HALF 2016 REVENUES (AcT)

Flexible composite materials: up 8.5%

SergeFerrari Group (FR0011950682) creates, manufactures and distributes innovative flexible composite materials and is listed on Euronext Paris - Compartment C.

Saint Jean de Soudain, July 11, 2016

Revenue breakdown by region (unaudited)

Second quarter 2016 composite materials sales increased by 6.3% compared to the same period in 2015.

Revenues grew by 8% in terms of volumes; exchange rate fluctuations and the change in the mix/price effect had a negative impact of 0.5% and 1.2% respectively on the change in sales compared to 2015.

Outlook

The Group is continuing to expand its sales force, both in terms of headcount (which increased from 139 employees as of December 31, 2015 to 145 as of June 30, 2016), as well as improving the efficacy of its sales initiatives (roll-out of a strategic planning process, differentiation of performance indicators by level of responsibility held).

The Group has confirmed its 2018 target of €215 million in revenues and a 15% EBITDA margin.

Shareholder structure

Following the internal reclassification operations carried out on June 10, 2016, the family Group holds 69.4% of SergeFerrari Group's share capital (unchanged), of which 62.1% via Ferrari Participations. Sébastien and Romain Ferrari directly hold 0.9% and 6.4% respectively of the SergeFerrari Group share capital.

Source : Actusnews