Annual results for 2020: resilience, transformation of the profile and strong growth prospects

Published on March 16, 2021 – News

  • Significant improvement in profitability in the second half of 2020

    – Growth in EBITDA margin year-on-year at 14%: +1 pt compared to the second half of 2019

    – Despite a decrease in revenue: -8% on an organic basis compared to the second half of 2019

    – Increase in operating result: +5.5% on an organic basis compared to the second half of 2019

    – Growing order book reaching €623 million

    – Increase in available cash to €81 million (+€22 million in one year)

    – Proposed dividend: €0.32 per share, stable compared to last year


  • Strategic refocusing and operational transformation

    – Strengthening of the Drones & Systems activity: merger with ECA Group finalized at end-2020

    – Refocusing of the Engineering & Protection Systems activity: exit from the oil gas, launch of StedY

    – Operational transformation in 3D printing: reorganization and new innovative offerings


  • Positive momentum despite a challenging environment

    – New orders in naval robotics worth over €90 million

    – Commercial successes and partnerships signed in 3D Printing

    – Important orders in fire protection and nuclear

    – Ramping up in engineering advisory services


  • Strengthening of the shareholder structure and governance

    – Increase in free float and improved liquidity of the share

    – Governance strengthened with the appointment of Hervé Guillou as board member


  • Acceleration of the ESG strategy: +13 pts in the Gaïa rating


  • Guidance for 2021: c.+15% revenue growth on an organic basis and strong improvement in profitability


  • Solid medium-term outlook: major growth prospects for the three activities

    – Deep, structurally sound and growing markets

    – An attractive strategic positioning among the leaders in its specialized activities

    – Commercial dynamic well engaged and set to accelerate