Strong revenue growth in the second quarter: + 63.6%
In France and Europe, business levels much higher than in H1 2020 and 2019
Mortagne-sur-Sèvre, France, 22 July 2021, Cogelec (ISIN: FR0013335742/ticker:
ALLEC), the French leader and major European player in access control systems
for building complexes, is today releasing its revenue for the first half of
Continuing on from the trend in the first quarter, consolidated second-quarter
revenue totalled EUR12.9m vs. EUR7.9m for the same period last year, up +63.6%.
Over the first half, revenue stood at EUR26.1m compared with EUR17.7m in 2020
(+ 47.8%) and EUR19m in 2019 (+ 37.4%).
Beyond the base effect linked to the COVID-19 pandemic and the slowdown in
decision- making in 2020, this business level demonstrates the quality of the
Group's current sales momentum in France and Europe. This momentum is driven by
both the initial effects of investments made in Europe and the continued
enthusiasm of all our customers for the Intratone solution, the Group's GSM
While the company continued to strengthen its client base, subscriptions
increased by + 19.3% in the second quarter to EUR3.4m vs. EUR2.8m the previous
year and + 19.6% over the first half of the year (EUR6.6m vs. EUR5.5m the
previous year and EUR4.8m in the first half of 2019).
Strong growth momentum in France and Europe
In France, second quarter revenue rose significantly to EUR11.4m from EUR7.0m
the previous year, up + 62.7%. Sales totalled EUR23m for the first half of the
year vs. EUR15.7m for the first half of 2020, or an increase of + 46.8%.
In Europe, the sales momentum recorded in all countries where the Group
operates brought second-quarter revenue to EUR1.5m vs. EUR0.9m the previous
year, or an increase of + 71.0%, from the previous year. Sales totalled EUR3.1
over the first half of the year vs. EUR2.0m the previous year, or an increase
of + 55.8%, while certain countries in Europe, in particular Germany and the
United Kingdom, were more significantly impacted by the various lockdowns at
start of the year.
Very favourable business outlook for the full year
The holding of the majority of general meetings in the second half of the year,
the quality of Intratone referencing, and the sales initiatives taken by all
teams in France and Europe will continue to drive the Group's growth.
First-half 2021 results: 29 September 2021, after market close
Investors' Meeting: 30 September 2021 - 4:00 pm
Publication of third quarter revenue: 21 October 2021, after market close
COGELEC is the French leader and major European player in access control
systems for building complexes. In 2007, COGELEC created the first global
wireless interphone with subscription offer, under the Intratone brand.
COGELEC has already outfitted 1.3 million homes, out of a potential total of
15.4 million homes in France. COGELEC is an international group also offering
its solutions in Germany, the United Kingdom, the Netherlands, Belgium and
Based on an indirect distribution model, combined with very close-knit
relations with end clients (social landlords and building complex management
associations), COGELEC posted revenue of EUR40.4m in 2020.
COGELEC is listed on the Euronext Growth Paris, and is part of the Growth
AllShare, Tech Croissance and PEA-PME 150 indices.