Gevelot SA Announces Consolidated and Parent Earnings Results for the Year 2012; Approves Dividend, Payable from June 28, 2013; Provides Earnings Guidance for the First Half and Second Half of 2013
June 13, 2013
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Gevelot SA announced consolidated and parent earnings results for the year 2012. On consolidated basis, the company reported net loss of 7.9 million after the impact of assets impairment according to the IAS 36 standard for 14.6 million net of tax, for a net profit of 13.7 million in 2011.
On parent company basis, the company reported a net profit of 0.1 million for 2.4 million in 2011 after recognition of equity share impairment for 5.0 million and a net capital gain on property asset disposal for 2.7 million.
The shareholders at the combined general meeting held on June 13, 2013 approved the payment of a dividend set at 1.80 per share was decided as from June 28, 2013, identical to that of last year.
The company also reported that the business in the first half of 2013 is slightly in decrease in France within the Group's Automotive business. Business within the Pump Sector is progressing, especially on the International stage in the Oil & Gas field.
For the second half of 2013, business prospects remain uncertain. Adaptation measures and cost-saving plans, mainly implemented in the Automotive-related Sector in France, should improve the Operating Profit. However, globally, in the present state of the international economic climate and sector-based and geopolitical difficulties, the group's prospects for the full year 2013 remain uncertain.
Gévelot S.A. specializes in the design, manufacturing and marketing of pumps, fuel feed systems, and gas machine equipment. Net sales break down by family of products as follows:
- pumps, fluid dosing and mixing systems (99.6%): intended primarily for the food processing, oil, gas, and chemical industries;
- other (0.4%).
Net sales are distributed geographically as follows: France (17%), European Union (7.6%), Europe (5.8%), America (37.9%), Asia (14.7%), Africa (11.5%), and other (5.5%).Gévelot S.A. specializes in the design, manufacturing and marketing of pumps, fuel feed systems, and gas machine equipment. Net sales break down by family of products as follows:
- pumps, fluid dosing and mixing systems (99.6%): intended primarily for the food processing, oil, gas, and chemical industries;
- other (0.4%).
Net sales are distributed geographically as follows: France (17%), European Union (7.6%), Europe (5.8%), America (37.9%), Asia (14.7%), Africa (11.5%), and other (5.5%).
Gevelot SA Announces Consolidated and Parent Earnings Results for the Year 2012; Approves Dividend, Payable from June 28, 2013; Provides Earnings Guidance for the First Half and Second Half of 2013