Media release on financial year 2020 and Q1 2021 Phoenix Mecano financial year 2020: Group sales and cash flow maintained - Double-digit sales growth in Mechanical Components - Result impacted by one-off items - Upturn in incoming orders at end of year Q1 2021: Double-digit growth in sales and incoming orders - Disproportionate increase in operating result - Challenges in logistics chains and rising raw material prices Kloten/Stein am Rhein, 21 April 2021. The Phoenix Mecano Group s consolidated gross sales increased by 1.1% in 2020, from EUR 680.0 million to EUR 687.4 million. In organic, local-currency terms, they were up by 0.6%. While the COVID-19 crisis hit sales in the Enclosures and ELCOM/EMS divisions, the Mechanical Components division achieved double-digit sales growth.
SuperSonic Imagine: General Shareholders Meeting of March 26, 2021 finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
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VIVENDI: Vivendi: Procedures for Obtaining or Consulting Information on the Extraordinary General Shareholders Meeting to Be Held on March 29, 2021
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Due to the COVID-19 pandemic and following the measures put in place by the authorities to limit its spread, the Shareholders Meeting will be held behind closed doors (à huis clos), i.e., without the physical presence of shareholders
or other persons usually entitled to attend, at the Company s registered office located at 42, avenue de Friedland, 75008 Paris.
This decision is made in accordance with French Ordinance No. 2020-1497 of December 2, 2020, extending and modifying French Ordinance No. 2020-321 of March 25, 2020 adapting the rules for meetings and deliberation of meetings and governing bodies of legal persons and entities without legal personality under private law due because of the COVID-19 pandemic
seasonality in H2
This outlook is in line with the momentum of the beginning of this year, without any economic setback related to the pandemic
Christel Bories,
Eramet group Chair and CEO: In 2020, the pandemic brutally disrupted our ecosystem. In particular it resulted in a major economic crisis in the aerospace sector, the main end-market for our Aubert & Duval subsidiary.
Thanks to our demanding roadmap, the mobilisation and agility of our teams, as well as a responsible crisis management, we have recorded remarkable successes in our mining activities and succeeded in seizing opportunities, despite the disruptions. We were also able to control cash consumption, particularly in our High-Performance Alloys division whose responsiveness was exceptional in the second half of the year, and our debt was substantially reduced at end-2020 compared to end-June.