In 2019 Chargeurs speeded up its transformation process and pursued its premiumization strategy
Sustained activity in 2019 – a vintage year for transition:
- Annual revenue up + 9.2% to €626.2 millionAnnual revenue up +9.2% to €626.2 million
- Recurring operating profit among the Group’s record highs, topping €41 million, despite a peak in investments and a volatile economic backdrop
- Solid fourth-quarter revenue in line with expectations, with the Group holding firm in a temporary “wait-and-see” market environment
- Successful integration of PCC, which delivered an excellent performance, as well as the niche champions acquired by Chargeurs Museum Solutions
2020 set to be a milestone year, with over €750 million in revenue and a higher recurring operating margin (based on a constant operating environment)
- Sizeable contribution expected from Chargeurs Protective Films’ new techno smart production line
- Positive effects from synergies and cutting-edge developments at Chargeurs PCC Fashion Technologies
- Significant contribution from Chargeurs Museum Solutions entities
- Recurring operating margin expected to increase considerably in 2020 thanks to return on investment from the Game Changer plan and recently-acquired companies