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 |