The company reminds it that, at the General Assembly of January 13, 2014, the modification of the closing date of fiscal years has been voted to set it on March 31. The exceptional fiscal year started on October 1, 2013 was therefore closed on March 31, 2014, i.e. with a total duration of six months.
Results on March 31, 2014
Over this six month period, the company has reached their sales objective which translates into a turnover growth rate of 24% with respect to the same period of last year, and by a net improvement of their level of profitability, especially in regards to their Gross Cash Flow.
Following their General Assembly of Shareholders of this 21st of July 2014, the company reminds it that no dividends have ever been distributed yet so that all profits were reinvested into the enterprise, but that the perspectives of profitability should allow more flexibility in the future.
Financial situation and Perspectives
The company has cashed-in their claim of Research Tax Credit for 2013, to the amount of 1.48 M€, on June27, 2014, which has enabled the complete resorption of lag-times on social and fiscal debts, and to reduce those for suppliers at 300 k€.
The financial loans besides being reduced to 24.6% of their operating capital, the company aims at a rebalancing of their financial structure between the short and mid-terms before the end of the year 2014: the reinforcement of operating funds shall provide leverages for growth and the room for maneuvering for their development.
As for the new fiscal year, the order backlog, added to the sales turnover of its first quarter realized on June 30 2014, secures 54% of the sales turnover for the fiscal year F-15 (to be closed on March 31, 2015).
The ability of the company to realize their forecasts and to perform an increase of their operating funds, with the contribution of adequate banking and financial institutions nonetheless remains a key element of the coming period.
For the board of directors, the chairman
About Dolphin Integration
The company occupies a key position with sustainable growth in the strategic and deverticalized industry of design for Microelectronics.
DOLPHIN Integration SA with social Capital of 1,344,520 € – www.dolphin.fr – ISIN: FR0004022754/ ALDOL – Bloomberg: ALDOL FP – Reuters: ALDOL.PA – ICB 9576. Semiconductors.