As we expected, for the 5th consecutive year, G.E.A. recorded a decrease in profits over its fiscal year. The company, which is facing a sluggish market in France, managed to increase its sales thanks to an international sales offensive but, to do so, had to lower prices and margins. The operating margin, which stood at 15.8% the previous year, contracted by more than 300 basis points! Even more worryingly, G.E.A.'s order book has again fallen sharply. The order book, which was down in the first half of the year, fell by more than 20% over the last 6 months with a 36% drop in orders!
Grenobloise d'Electronique et d'Automatismes is a manufacturer of toll collection equipment. Co. offers to its clients Automated Toll Plazas (automatic toll lanes accepting all means of payment; automatic vehicle classification systems; audio and video systems providing real-time remote assistance to patron; integration of contactless smart card payment systems; and ETC systems compliant with CEN TC 278), and Car Park Access and Toll Control Systems (entry lane terminals; intermediary lanes for access to private areas; exit lane terminals; pedestrian access control terminals; automatic payment machines; manual payment machines; car park supervision servers; and central computer systems).
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