CIMdata PLM Industry Summary Online Archive
19 July 2012
Financial News
GRAITEC Group Announces + 20% Turnover for First Half of the Year Comparing with 2011
GRAITEC announces 19.7% turnover growth for the second Quarter of 2012, compared to 2011. The year to date growth reaches a consistent 20% for first half of the year.
After a very successful year 2011 (+12% TO Growth), Graitec exceeds end of Q2, turnover, margin and profitability expectations, H1 2012 and position itself as the industry fastest growing company.
Going more into the details, the performance of GRAITEC, North America, Asia Pacific, Russia, Germany and France have been noteworthy during the first semester. Graitec turnover more than doubled in key regions some of the above mentioned regions, demonstrating the capacity of Graitec to expand its business outside more traditional markets. More traditional market have also demonstrated a great capacity to sustain a fast rhythm of growth Germany + 40% year to year, Italy +13% or France +11%.
The GRAITEC Advance suite, a Structural BIM solution, from design to detailing, for the construction field has achieved during H1 2012 a growth of +34% compared to 2011.
"This is a great performance that demonstrates the growth capacity of GRAITEC solutions but also their fit to the market, customer needs and BIM environment. I'd like to highlight the fact this growth is driven by the international Graitec subsidiaries such as North America or Asia Pacific", comments Alexandre Tartas, GRAITEC COO.
Advance Steel after an strong 40% growth during Q1 2012, continues on an even more positive trend growing by 60,6% during Q2 every markets has contributed to this success.
For Alexandre Tartas: "Advance Steel illustrates quarter after quarter the dynamism and the relevance of Graitec Advance Suite positioning in the construction industry. Graitec reinforces his positioning of very specialist solution provider for highly qualified professionals in the construction structural field. Advance Steel standalone is contributing to the great performance of Advance Steel and customer feedback is absolutely fantastic. GRAITEC has during Q2 addressed many requests from Strucad users demonstrating every rime the relevance of Advance Steel for their most advanced needs".
Advance Design continues to benefit from a high adoption rate especially on the French market.
"The quality of the solution provided, such as the comprehensive international codes and the service provided by GRAITEC have highly contributed to the great first half of the year result for Advance Design with 21% growth", says Alexandre Tartas.
Year to date, Advance Concrete performs with a 16% growths compared with 2011.
Alexandre Tartas explains: "Great improvements have been realized in Advance Concrete to better answer to customer and market expectations. Graitec R&D team continues to work to meet expectations. We have a great confidence in our team, to bring the best in class solution on the market and make Advance Concrete the leading solution on the market."
Alexandre Tartas concludes: "Q2 and more generally speaking first semester 2012 have been a great success. But it is only half of the GRAITEC 2012 road to 29 million Euros. However, with14,5 M € turnover (about 17,71M USD) we can realistically target to be on or even above target in 2012, this is very encouraging. Every employee can be proud of his contribution to this result."
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