By browsing this site, you accept the use of Cookies in order to offer you advertising tailored to your interests, to perform traffic statistics and to facilitate the sharing of information on social networks. To find out more about Cookies and to change the Cookies setting, click here

News

Press release 7.25.13 par admin PDF

2013 Second-quarter Revenue and 2013 Interim Results

• Revenue up 4.8% in the first-half and 2.3% in the second quarter
• Recurring operating income of €136.1 million, representing 7.5% of sales
• Attributable net income of €54.6 million...

2013 Second-quarter Revenue
2013 Interim Results

 

Download the report: 2013 interim financial report

 

  • Revenue up 4.8% in the first-half and 2.3% in the second quarter
  • Recurring operating income of €136.1 million, representing 7.5% of sales
  • Attributable net income of €54.6 million

 

 

In a statement, Alain Viry, Chairman of CFAO's Management Board said:

“CFAO posted 4.8% growth in the first half of 2013, and an EBIT margin of 7.5%, with strong performances by Eurapharma and the Industries, Equipment & Services division.

The environment was more challenging for Automotive, particularly in Algeria where, after two years of exceptional sales, the division’s sales volumes in the country are decreasing, with a significant impact on growth for the Group as a whole.

As regards to our relationship with OEMs, I am confident about our ability to convince new or alternative partners of our unique know-how and to continue developing our multi-brand strategy in Africa, some positive negotiation being currently ongoing.

Our growth strategy in the retail sector has now been launched, marked in particular by our partnership with Carrefour. I am convinced that it will ultimately offer very attractive prospects for the Group.”

Please find attached the entire press release hereafter.


Go to top