FY 2021 RESULTS
Stéphanie BIA
Nathalie BUHNEMANN
10th MARCH 2022
SOLID RECOVERY IN PROFITABILITY AND STRICT CASH MONITORING
FY REVENUE | OPERATING PROFIT | FREE CASH FLOW* | ||
(ADJUSTED)* | ||||
€1,553.4M | ||||
+3.3% YoY | €99.1M | -€23.2M | ||
Q4 REVENUE | ||||
+6.4% margin | Vs +€141.7M in 2020 | |||
€412.0M | ||||
+10.0% QoQ | ||||
- Definition and calculation of all Alternative Performance Measures (APM) are provided on slides 29 to 31
10TH MARCH 2022 | FULL-YEAR 2021 RESULTS | 2 |
GROWTH ACCELERATION IN Q4 ESPECIALLY IN DIVERSIFIED AND DIGITAL BUS
REPORTED | ORGANIC | REPORTED | ORGANIC | |||||
€M | Q4 2021 | Q4 2020 | GROWTH | GROWTH | FY 2021 | FY 2020 | GROWTH | GROWTH |
(%) | (%) | (%) | (%) | |||||
FRANCE | 139,9 | 115,7 | +20,9% | +20,8% | 502,7 | 488,1 | +3,0% | +3,0% |
GERMANY | 87,5 | 83,3 | +5,0% | +5,0% | 342,8 | 349,2 | -1,8% | -1,8% |
NORTH AMERICA | 60,1 | 65,9 | -8,8% | -12,4% | 239,0 | 264,8 | -9,7% | -6,6% |
INTERNATIONAL | 67,0 | 61,5 | +8,9% | +7,9% | 260,8 | 248,3 | +5,0% | +5,3% |
DATA RESPONS | 57,6 | 48,0 | +19,9% | +8,9% | 208,2 | 153,1 | +36,0% | +3,7% |
TOTAL GROUP | 412,0 | 374,4 | +10,0% | +7,7% | 1553,4 | 1503,5 | +3,3% | +0,7% |
- Definition various growth indicators are provided on slide 28
10TH MARCH 2022 | FULL-YEAR 2021 RESULTS | 3 |
CLEAR RECOVERY ACROSS BUS, SOME ALREADY REACHING 2019 MARGIN RATE
(€M ) | REVENUE | OPERATING PROFIT | OPERATING PROFIT | |||
(ADJUSTED)1 | ||||||
FY 2021 | FY 2020 | FY 2021 | FY 2020 | FY 2021 | FY 2020 | |
FRANCE | 502,6 | 488,1 | (6,9) | (98,8) | 35,5 | (3,8) |
MARGIN (%) | 7,1% | -0,8% | ||||
GERMANY | 342,7 | 349,2 | (13,6) | (74,0) | 16,4 | (5,8) |
MARGIN (%) | 4,8% | -1,7% | ||||
NORTH AMERICA | 239,1 | 264,8 | 6,3 | 6,3 | 8,4 | 6,5 |
MARGIN (%) | 3,5% | 2,5% | ||||
INTERNATIONAL | 260,8 | 248,3 | 26,3 | 16,5 | 32,3 | 25,6 |
MARGIN (%) | 12,4% | 10,3% | ||||
DATA RESPONS | 208,2 | 153,1 | 17,3 | 9,8 | 27,3 | 19,3 |
MARGIN (%) | 13,1% | 12,6% | ||||
OTHERS | - | - | (11,8) | (30,3) | (20,7) | (22,3) |
GROUP | 1 553,4 | 1 503,5 | 17,5 | (170,5) | 99,1 | 19,5 |
MARGIN (%) | 6,4% | 1,3% | ||||
1The Operating Profit (Adjusted) results from the adjustments explained on slide 12 for each of the business units with R&D tax credit allocated to originating BU.
10TH MARCH 2022 | FULL-YEAR 2021 RESULTS | 4 |
FRANCE: DIVERSIFICATION RESULTS INTO FAST RECOVERY
+790 | |||
bps | |||
-0.8% | +7.1% | ||
510 | 8,0% | ||
500 | 7,0% | ||
6,0% | |||
490 | 5,0% | ||
4,0% | |||
480 | 3,0% | ||
2,0% | |||
470 | 1,0% | ||
460 | 0,0% | ||
-1,0% | |||
450 | -2,0% | ||
FY 2020 | FY 2021 |
- Recovery driven both by mobility and non mobility sectors
- Clear signs of restart in Aeronautics, with Q4 revenue growing c.80% yoy
- Focus on profit margin reinforced by the new organization implemented
- Ramp up of Extended Teams is yielding initial margin improvement
- Downsizing of the workforce to 6,200 headcount by year- end, in line with reduction in activity
10TH MARCH 2022 | FULL-YEAR 2021 RESULTS | 5 |
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AKKA Technologies SE published this content on 10 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2022 16:53:02 UTC.