COGELEC (EPA:COGEC) - COGELEC annonces the departure of its Chief Administrative and Financial Officer
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17/12/2018 08:11
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PRESS RELEASE
COGELEC announces the departure of its Chief Administrative and Financial
Officer
Mortagne-sur-Sèvre, France, 17 December 2018 - COGELEC (ISIN: FR0013335742/
ticker: COGEC), the French leader in access control systems for building
complexes, announces the departure by mutual agreement, of its Chief
Administrative and Financial Officer, Stéphane Vapillon, after 11 months
within the Group.
Roger Leclerc, Chairman, CEO and Founder said: "I would like to thank Stéphane
for his involvement. On behalf of the entire Group, I wish him every success in
his future career."The search for a successor is already launched. Patrice
Guyet, Director of Operations and previously in charge of the Group Finance
Department will ensure the transition period until the appointment of a new
Chief Financial Officer, under his responsibility.
The Group remains fully focused on implementing its growth strategy, both in
France and internationally, with a target of tripling revenue to EUR90m by
2021.
Upcoming events
Q4 2018 revenue out 12 February 2019 after market.
Contacts
Actifin, Financial Communications & PR
Ghislaine Gasparetto
+33 (0)1 56 88 11 22
ggasparetto@actifin.fr
Actifin, Financial Press Relations
Jennifer Jullia
+33 (0)1 56 88 11 19
jjullia@actifin.fr
COGELEC is the French leader in access control systems for collective housing.
As early as 2007, COGELEC created the first universal wireless intercom
solution under the Intratone(r) brand. This unique offer boasts a disruptive
economic model which simultaneously includes equipment, an intercom solution
and an online management tool.
COGELEC has already outfitted 850,000 dwellings, including 150,000 new
dwellings in 2017, out of a potential total of 15.4 million dwellings in
France.
Present on the export market for five years, COGELEC also offers its solutions
in Germany, the United Kingdom, the Netherlands and Belgium through existing
subsidiaries or those currently being launched.
Based on an indirect distribution model associated with a strong local
relationship with end customers (social housing landlords and
co-owners'associations), COGELEC posted solid performances with revenue up
nearly 17% to EUR30.6m in 2017, for current operating income of EUR5m and net
income of EUR2.9m. COGELEC aims to triple its revenue to EUR90 million by 2021.
For more information: www.cogelec.fr