December 27, 2014 11:43 PM ET

Machinery

Company Overview of MECATHERM S.A.

Company Overview

MECATHERM S.A. develops, produces, and installs ovens, machines, and automated production lines for fresh or frozen, fully baked, or par-baked industrial bakery products. The company offers a range of production lines for products, such as standard, specialty, artisan, tin, and soft breads, as well as puff pastries, pizzas, quiches, and pies. It serves customers in France and internationally. The company was founded in 1964 and is based in Schirmeck, France.

Route du Maréchal de Lattre de Tassigny

Barembach

Cedex

Schirmeck,  67133

France

Founded in 1964

Phone:

33 3 88 47 43 00

Fax:

33 3 88 47 43 03

Key Executives for MECATHERM S.A.

Chairman of the Board and Chief Executive Officer
President and Managing Director
Managing Director and Gouet President
Deputy Managing Director
Logistic Director
Compensation as of Fiscal Year 2014.

MECATHERM S.A. Key Developments

Mecatherm Reports Sales Results for the Third Quarter and Nine Months Ended September 30, 2014

Mecatherm reported sales results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported sales of €20.1 million against €20.3 million for the same period of last year. As a consequence of temporary disruptions related to the new ERP roll-out in May, production speed, and thus revenue recognition slowed down during the summer, resulting in a slight sales decrease in third quarter (down 0.9%). For the nine months, the company reported sales of €57.0 million against €52.4 million for the same period of last year.

Mecatherm S.A. Announces Earnings Results for the Year Ended December 31, 2012; Provides Earnings Guidance for 2013

Mecatherm S.A. announced earnings results for the year ended December 31, 2012. In 2012, the Mecatherm group's net sales totaled 73.1 million, down 14.6% from 2011. As expected, Mecatherm experienced a decline in its business in 2012, because certain customers postponed their investments. This decline subsided over the course of the year, however. The business gradually picked up and the order book continued to increase through the second half of the year. In 2012, the industry recognized the excellence of the products Mecatherm designs and develops. Mecatherm won three awards for its Bloc Combi: two at the Paris Europain trade fair in March and the 2012 Innovation prize at the IBA show in Munich in September 2012. EBITDA was 7.8 million, or 10.7% of sales. Although below Mecatherm's usual levels, this performance illustrated the resilience of Mecatherm industrial model and was a record in the industry. The company expects that favorable levels of new business in the fourth quarter of 2012 and in the first quarter of 2013 should enable Mecatherm to return to higher profitability levels in 2013.

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