Le Belier S.A. Business Report FY2010

Business Highlights

Financial Overview

(in million euros)
  FY2010 FY2009 Rate of change(%) Factors
Sales 196.2 152.6 28.6 1)
Operating profit 14.1 3.7 281.0 2)

Factors
1)
-In 2010, the Company's consolidated turnover of 196.2M Euros, an increase of 28.5% compared to 2009. Gaining new market shares in Asia, the Group took profit of a particularly sustained activity; in Europe, it benefited from the success of the German manufacturers.

-Businesswise, the Group was awarded M€ 57 per year of new orders, with a lifetime between 5 and 10 years, carrying growth for the coming years.

2)
-The increase of the volumes and proportion of products with a higher added value as well as the continuous efforts of cost improvements, contributed to the Group financial performance:
· Operational result 7.2%;
· Net result of 10M euros with 3 consecutive positive semesters;
· EBITDA accounting 14% of turnover.

R&D

R&D Expenditure

(in thousand euros)
  FY2010 FY2009
Overall 901 864

Investment Activities

Capital Expenditure

(in thousand euros)
  FY2010 FY2009 FY2008
France 1,011 115 1,733
Hungary 2,646 360 9,575
Italy  - - (3,008)
China 1,148 798 356
Mexico 495 161 554
Serbia 875 2,038 3,140
Total 6,175 3,472 12,350