webleads-tracker

Home  >  OPTO & PHOTONICS  > 3S reports annual revenue up 64% year-on-year to €51m...
  >  OPTO & PHOTONICS
Nov 22nd, 2011
 
3S reports annual revenue up 64% year-on-year to €51m
 
For its fiscal 2011 (to end June), 3S Photonics Group of Nozay, France, which makes chips, optical discrete modules and passive components for the laser, sensing and telecom markets, has reported consolidated turnover of €51m, up 64% on fiscal 2010 and within the €50–55m guidance given in April.
Send to a friend

This includes the activities of entities within its French, Canadian and Korean subsidiaries (3S has a 20% stake in COSET Inc). Within the same business scope, turnover was up 44%.

Growth was driven particularly by the firm’s historical market sector of submarine long-distance transmission. The firm also attributes the growth to its expansion in the terrestrial long-distance market, which now represents a 10% revenue share (versus 7% in 2010).

Consolidated EBITA (earnings before interest, income taxes and amortization) was €6.6m. Operating profit was €3.8m. Despite the strong increase in turnover, operating expenses remained stable compared to 2010.

3S says that the fiscal year was marked by successful integration and a pursuit in organic growth objectives thanks to the group’s synergies with all subsidiaries, reinforcing its international position and consolidating its product portfolio.

“The excellent results of our 2011 fiscal year demonstrate the success of our consolidation and diversification strategy, especially on the terrestrial long-distance market. It is also a testimony to the continued trust our customers have in the quality of our products,” says president & CEO Alexandre Krivine. “Furthermore, the expansion and strategic partnerships policy we have undertaken allow us to pursue our international growth,” he adds.

“The coming year also promises to be successful thanks to new investments and to a diversification of our activities beyond the telecommunication market,” Krivine continues. “Eurazeo’s entry in our capital structure allows us to be confident,” he concludes.

In October, Paris-based private equity firm Eurazeo purchased the holdings of several 3S investors, including Fonds Stratégique d’Investissement (FSI) for which 3S was one of its first investments. Eurazeo is also investing in a capital increase of €10m to finance 3S’ growth, making a total equity investment of €37m (and increasing Eurazeo’s stake in 3S to 83%). Eurazeo aims to help 3S consolidate its position in its traditional telecoms markets and broaden its presence in the industrial laser market by supporting its external growth policy, including through future reinvestment.


 
More OPTO & PHOTONICS news

Sep 16th
Sep 12th
Sep 12th
Sep 8th
Sep 7th
 
©2007 Yole Developpement All rights reserved                  Disclaimer | Legal notice | To advertise
Yole Développement: Le Quartz, 75 cours Emile Zola, 69100 Villeurbanne, France. TEL: (33) 472 83 01 80 FAX: (33) 472 83 01 83 E-Mail: info @yole.fr