Learn more about

ECA GROUP: +10.2% increase in revenue in 2019

Wednesday, February 26 2020
ECA Group (Euronext Paris: ECASA) reports its revenue for the fourth quarter and the full year 2019 today.

English Read the PDF in English French Read the PDF in French

 

(in millions of euros)Q1 20191 Q4 2018Change (organic)201912018Change (organic)
Robotics (including Simulation)22.524.4-7.8% (-5.1%)73.969.5+6.4 (+10.7%)
Aerospace10.48.3+24.6% (+24.6%)38.732.6+18.5 (+18.5)
Structure & elimination(0.0)(0.0)n.s(0.1)(0.0)n.s.
Consolidated revenue32.932.8+0.4% (+2.6%)112.5102.1+10.2% (+13.1%)
Backlog at end of period526.3120.3+337.6 (+341.3)   

1 Non-audited data


 

At the end of 2019, the two divisions Simulation and Robotics merged in order to achieve synergies in marketing for Defense activities and the robotics contract for the Belgian and Dutch navies. The published and organic data of the Robotics division includes that of the Simulation division.

ECA Group had exceeded its annual target of 2019 revenue growth above 5%. For 2019, consolidated revenue amounted to €112.5 million, a net increase of 10.2% on a reported basis and 13.1% on a comparable basis, excluding the contributions of SSI and EN Moteurs which were sold in 2018. Revenue grew by 0.4% in the fourth quarter of 2019 to €32.9 million, and by 2.6% on a like-for-like basis.

At December 31, 2019, the Group's backlog stood at €526.3 million, 4.4 times higher than at December 31, 2018, offering an excellent visibility for the years ahead.

In 2019, the revenue of the Robotics division, including the Simulation activity, amounted to €73.9 million, up by 6.4% compared with 2018 (+10.7% like-for-like, excluding EN Moteurs and SSI). The robotics contract for the Belgian and Dutch navies awarded in the second quarter of 2019 contributed €8 million to this performance. Simulation activity was in decline throughout the fiscal year. In fourth-quarter 2019, the division's revenue amounted to €22.5 million, down 7.8%, affected by the strong decline in Simulation activity.

The Robotics division's backlog stood at €505 million as at December 31, 2019, more than 5 times higher than at December 31, 2018.

In 2019, the revenue of the Aerospace division increased to €38.7 million, up 18.5% compared with 2018. Fourth-quarter performance was also very solid at €10.4 million, up by 24.6%. This strong performance is related to the execution of contracts awarded in the first half year and to the positive momentum of on-board equipment. The division also continued to develop its offer and to grow commercially in other industrial sectors, particularly the field of Automated Guided Vehicles (AGV).

The backlog stood at €21.3 million as at December 31, 2019, down by 8.3% compared with December 31, 2018.

 

2020 objectives

In its markets, the Group currently expects the following trends:

  • The Robotics division should continue to post solid performance, driven by the execution of the robotics contract with the Belgian and Dutch navies which is expected to contribute around €15 million this year. New and significant opportunities for mine sweeping equipment contracts have been identified in several countries and could materialize in the next 36 months.
  • In Aerospace, business is expected to grow more modestly after a very good 2019 year.
  • In the current macro environment, the Group sets its revenue growth target by around 10% in 2020.

 

Next meeting:

Publication of 2019 annual results on Monday, March 23, 2020 after stock market close.

On this occasion, Guénaël Guillerme, Chief Executive Officer of ECA Group, and Loïc Le Berre, Deputy Chief Executive Officer and Chief Financial Officer of Groupe Gorgé, will provide the financial community with their comments on the ECA Group's results and respond to questions from analysts during a conference call in French that will take place on

Tuesday, March 24

at 11:30 am.

 

Details of the conference call will be available one week before the call on ECA Group's investor relations website.

A presentation and a replay of the conference call will be available on the ECA Group's website

 

More General news ?
eca-group-logo-financial_news
ECA Group: 2019 annual results GENERAL

ECA Group (Euronext Paris: ECASA) reports its annual results for 2019 today.

Read More
eca-group-logo-financial_news
ECA GROUP: full-year 2019 results... GENERAL

ECA (Euronext Paris: ECASA) will publish its full-year 2019 results on Monday, March 23rd 2020 at...

Read More
ECA GROUP - EVENT - WOMEN DAY VIGNETTE
International Women Day 2020: they... GENERAL

At the occasion of the International Women Day 2020, discover portraits of 9 experts working at...

Read More
ECA GROUP DRH
Delphine Sarrazin appointed as Human... GENERAL

ECA GROUP welcomes Delphine Sarrazin as Director of Human Resources to support the growth of the...

Read More
ECA-GROUP-NEWS-STEVEN LUYS APPOINT AS CEO OF ECA ROBOTICS BELGIUM
ECA GROUP appoints Steven Luys as CEO... GENERAL

Steven Luys joined in December 2019 ECA Robotics Belgium, an ECA GROUP company. His mission is to...

Read More
ECA GROUP - EVENT - EUROMARITIME 2017
EUROMARITIME 2020 | 4 - 6 February |... GENERAL

During Euromaritime 2020, ECA GROUP will also participate to "Le Navire des...

Read More
eca-group-logo-financial_news
Half-year report on the liquidity... GENERAL

ECA publishes its liquidity contract for the second half of 2019.

Read More
eca-group-logo-financial_news
ECA Group: Organic revenue growth of... GENERAL

In the first nine months of 2019, ECA Group's consolidated revenue was €79.6 million, a...

Read More
eca-group-logo-financial_news
Availability of the 2019 Half-year... GENERAL

ECA Group announces today that it has published its 2019 Half-year financial report in French.

Read More
eca-group-logo-financial_news
ECA Group: 2019 first-half results GENERAL

ECA Group (Euronext Paris: ECASA) published its 2019 first half year results...

Read More
copyright 2020 eca group© all rights reserved - legal terms - privacy policy - sitemap - A Groupe Gorgé company