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Press release 7.31.15 par admin PDF

2015 Second-quarter Revenue

• Fall of the automotive segment sales in the Maghreb : group revenue down -4.3% in the first-half and -5.7% in the second quarter
• Consolidation of the recurring operating income at €119.9 million...

2015 Second-quarter Revenue


  • Fall of the automotive segment sales in the Maghreb : group revenue down -4.3% in the first-half and -5.7% in the second quarter
  • Consolidation of the recurring operating income at €119.9 million with a slightly improved margin to 7.2% of sales
  • Attributable net income rising by +2.4% versus H1 2014 to €43.1 million

In a statement, Richard Bielle, Chairman of CFAO's Management Board said:

“The group results keep reflecting the healthy behavior of most of our businesses, leading to a group net income maintained at a level comparable to the past year. I am particularly satisfied with this situation considering notably the slowdown that has affected oil producing countries and the current stagnation of some markets.

Since the beginning of the year, CFAO teams have continued to actively work on development projects that will build a solid base for future growth. These projects will progressively materialize and the second half of the year will notably see the launch of our mall in Abidjan, first of many to come.

In this transitional year, I remain confident in our ability to find new growth drivers to offset over the long term the contract losses in Automotive. The retail project, amongst others, will put the group in an ideal position to capture the growth of the African continent and its rising middle class.”

Please find attached the entire press release hereafter.


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