Brief: Chargeurs Acquires D&P Incorporated

Compagnie Chargeurs Invest SA

02/03/2020 07:57

March 2 (Reuters) - CHARGEURS SA  CRIP.PA :
    * SPEEDS UP ITS GROWTH AND ITS CHANGE OF SCALE
    * SUCCESSFUL CONCLUSION OF ACQUISITION OF AMERICAN D&P
INCORPORATED
    * D&P, AMERICA’S LARGEST INTEGRATED SOLUTIONS PLATFORM FOR
MUSEUMS, SET TO GENERATE FULL-YEAR REVENUES OF MORE THAN $45
MILLION IN 2020, WITH AN OPERATING MARGIN OF MORE THAN 10%
    * GROUP OBSERVES LIMITED IMPACT ON ITS LEVEL OF SALES THANKS
TO
ITS MARKETS POSITIONING AND ITS INDUSTRIAL AND LOGISTICAL
WORLDWIDE FOOTPRINT
    * INTEGRATES UNIQUE PORTFOLIO OF ACHIEVEMENTS AND SIGNED
ORDER
BOOK WORTH APPROXIMATELY $50 MILLION, OVER ONE YEAR OF REVENUE
    * AS OF TODAY, REGARDING COVID-19, THE GROUP OBSERVES A
LIMITED
IMPACT ON ITS LEVEL OF SALES
    * ALL OUR FACTORIES ARE OPEN, WITH AN ACTIVITY RATE IN CHINA
HIGHER THAN 80% OF NORMALCY, SAME FOR LOCAL SUPPLIERS
    * GROUP NOTES NO SUPPLY DISRUPTION AND ITS SUPPLIERS HAVE
BEEN IN
FULL CAPACITY TO ENSURE THE CONTINUITY OF SERVICE
    * EUROPEAN FACTORIES ARE NOT IMPACTED BY ANY SUPPLY
DISRUPTION OR
CONTAINMENT
    * ASIAN COMMERCIAL TEAMS, IN MAINLAND CHINA AND HONG KONG,
ARE
WORKING WITH RATE OF 70% OF NORMALCY, IN LINE WITH OUR CUSTOMERS
– PCC IN HONG-KONG WHO SUPPLIES ALL SOUTHEAST ASIA IS WORKING
CORRECTLY
    * GROUP’S STOCKS OF FINISHED GOODS DO NOT PRESENT ANY RISK
OF
OBSOLESCENCE OR VALORIZATION LINKED TO COVID-19
    * COVID 19 SITUATION:  EUROPEAN FACTORIES ARE NOT IMPACTED
BY ANY
SUPPLY DISRUPTION OR CONTAINMENT
    * COVID 19 SITUATION: GROUP IS CAREFULLY MONITORING THE
EVOLUTION
OF SITUATION AND CONSTANTLY ADJUSTING ITS ORGANIZATION
    * COVID-19 SITUATION: GROUP ADJUSTING ITS ORGANIZATION,
SPECIFICALLY IN CAPACITY TO SERVE ITS CUSTOMERS LOCALLY, GIVING
GROUP GREATER FLEXIBILITY COMPARED TO ITS COMPETITORS, WHICH
COULD GENERATE CATCH-UP EFFECTS BETWEEN QUARTERS
    * COVID-19 SITUATION: CHARGEURS MUSEUM SOLUTIONS WITH SENFA
TECHNOLOGIES IS MARGINALLY IMPACTED
    * COVID-19 SITUATION: OTHER BUSINESSES OF CMS, WHICH ARE
PROJECT
MANAGEMENT, ARE NOT IMPACTED

Source text: https://bit.ly/32HHwKP
Further company coverage:  CRIP.PA 

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