Blagnac,
Turnover over the first 9 months as of
The decline of activity linked to the consequences of Covid-19 puts an end to 10 years of continuous growth.
The 2020 turnover over 9 months, declining by 29.2% compared to 2019, is equivalent to the turnover over the first 9 months of 2015. However, we note over the period a significant change in the distribution in favour:
- Of a better sectoral distribution for the benefit of the simulation division which went from less than 9% to more than 25% of the total turnover over the period, it is logically the aerospace sector which decreases the most from 90% to 74%.
- Of balancing the mix with the products which evolve from 26.2% to 49.1%.
By division | Turnover (€ million) 9 months 2020 | Turnover (€ million) 9 months 2019 | Variation as % | |
Aerospace At constant exchange rate | 70.3 70.2 | 109.0 109.0 | -35.5% -35.6% | |
Simulation At constant exchange rate | 23.9 24.0 | 23.2 23.2 | +2.8% +3.2% | |
Vehicle | 0.7 | 1.8 | -59.0% | |
Total | 94.9 | 134.0 | -29.2% | |
International | 50.5 | 76.9 | -34.3% |
Aerospace division (74.1% of turnover) decreases by 35.5%, it is commercial aviation that fell the most at -40% and even -63% during the 3rd quarter alone, when business aviation fell by 30% over 9 months and picks up at -21% over Q3.
Space is almost stable at -8% over 9 months and -1% over Q3.
The workforce fell by 197 people over the first 9 months of 2020, taking into account the legal deadlines this represents around 40% to 50% of the total adaptation measures.
Simulation division (25.1% of turnover) increased by 2.8%, with an apparent decrease of 26.1% over Q3, which is fully explained by a 2019 base effect which included a higher purchase amount of nearly € 2.4 million. Neutralized from this phenomenon, the added value for Q3 2020 is stable (+ 0.4%).
The workforce increased by 6 people over 9 months.
Vehicle division (0.8% of turnover): the activity of the first 9 months fell by 59% and by 40% restated from the intragroup, it should be noted that the Q3 recovered with a decline limited to 15.6%.
The workforce is stable.
By geographical area | 2020 (€ million) | Impact on Turnover (as %) | Evolution (as %) | |
44.4 | 46.8% | -22.3% | ||
25.4 | 26.7% | -34.8% | ||
America | 20.7 | 21.8% | -34.0% | |
3.7 | 3.9% | -39.3% | ||
Rest of the world | 0.7 | 0.8% | -29.0% |
Internationally, these are
By activity | 2020 Turnover (€ million) | Impact on Turnover (as %) | Evolution (as %) | |
Development (service) | 17.9 | 18.8% | -21.7% | |
Serie (service) | 30.4 | 32.1% | -46.9% | |
Products | 46.6 | 49.1% | -16.8% |
Services (which represent 50.9% of the activity) decline by 38.1% while products (49.1% of the activity) show a better resilience with a limited decrease by 16.8%.
Mesures
Faced with the consequences of the health crisis for the sectors in which
At the same time, actions were taken to benefit from the measures contained in the recovery and support plans in the main countries of operation.
Perspectives
From 2020, the measures taken in terms of lowering costs, positioning on the various support programs, reorienting marketing and sales actions, strengthening them in particular towards the defense and space sectors as well as higher added-value service offer orientations accelerate the transformation of
Next announcement: Q4 2020 turnover on February, 03rd 2021 after closing of the Stock Market.
About
Designer and manufacturer of innovative high added-value solutions,
Contacts: Philippe ROBARDEY, President & CEO of
Attachment
- PR-Turnover Q3 2020-EN
© OMX, source