Turnover up 2% in 2016
Strategic transformation of the Group continues

As part of its strategic transformation which began in February 2016, HERIGE Group is continuing with its program of sales with an impact on December 31, 2016 within its Building Materials Trading and Concrete Industry business divisions. In accordance with IFRS 5, companies that are subject to negotiations for their sale are classed as "discontinued or held-for-sale" and are not included in the turnover reported for 2016. Turnover for 2016 and 2015 has been restated on a comparable pro-forma basis.


2017 02 07 CA 2016 UK 1


Activity in 2016

HERIGE posted turnover of €131.5 million (restated for IFRS 5) for the 4th quarter of 2016, down by a marginal 0.9% on the same period in 2015. All Group activities suffered from a negative calendar effect, with 2 working days less in the 4th quarter combined with an unfavorable base effect.

In this quarter, turnover for Building Materials Trading fell 2.6% to €81.8 million (restated for IFRS 5), whilst Concrete Industry turnover also fell 1.6% and continues to be hampered by a fiercely competitive market. Industrial Joinery reported growth of 2.4% for the period thanks to the first benefits of new industrial joinery product, AM-X.

Full-year turnover amounted to €524.2 million (restated for IFRS 5) in 2016, up 2.0%, which reflects a gradual rebound in activity due to a catch-up effect in the first half of 2016 and despite an unfavorable calendar effect on the second half.


Outlook and developments

HERIGE Group remains focused on revitalizing its sales strategy and resources, on industrial efficiency and on innovation in order to capitalize in full from the first positive signs of the construction sector.

At the same time, the Group is continuing to take the necessary action to restore the profitability needed to finance its future development.


NEXT PRESS RELEASE: FY 2016 results on 15 March 2017 (after the stock exchange closes)
All our financial communications are available on our website www.groupe-herige.fr


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