SergeFerrari Group announces 2021 annual revenue of more than 285 million euros, up 46%

  • Revenue level above revised target

  • Sustained level of activity in Q4 2021

  • 2022 revenue target of around €310 million

SAINT-JEAN-DE-SOUDAIN, France, January 25, 2022–(BUSINESS WIRE)–Regulatory news:

SergeFerrari Group (FR0011950682 – SEFER) (Paris:SEFER) is one of the world’s leading suppliers of innovative flexible composite materials under the Serge Ferrari and Verseidag brands and is listed on Euronext Paris – Compartment C. The Group announces today its figure revenue for the 4th quarter of 2021 and consolidated revenue for the 12 months ended December 31, 2021.

Breakdown of revenue by region (unaudited)

(in thousands of euros)

Q4 2021

Q4 2020

Ch. to
current litter
and exchange

Ch. to
constant range
and exchange



Ch. to
current litter
and exchange

Ch. to
constant range
and exchange

North Europe









Southern Europe – Americas









Asia – Africa – ME – Pacific









Total revenue






195 301



Sébastien Baril, Chairman of the Executive Board of the SergeFerrari Group, noted: “In 2021, SergeFerrari Group capitalized on a once again buoyant market following the 2020 lockdowns and its refocusing on its four strategic businesses, to achieve a year of strong growth. The new commercial organization has also proven its effectiveness, while the supply and production teams have demonstrated the necessary agility so that supply constraints and the load of industrial facilities do not hinder sales, allowing the Group to approach 2022 with solid foundations to continue its growth in a generally well-positioned market, despite a still fragile health context and an inflationary environment.

Continued good performance in Q4 with growth of 15%

At current scope and exchange rates, SergeFerrari Group’s fourth quarter sales were up 15.1% compared to 2020, and 14.7% at constant scope and exchange rates. The continuation of the excellent commercial momentum over the quarter is driven by a sustained level of demand in all of the Group’s businesses.

Sales in the North Europe increased by 27.7% at current scope and exchange rates and by 27.1% at constant scope and exchange rates.

Sales in the Southern Europe – Americas The region also performed very well, posting growth of 14.5% at current scope and exchange rates and 14.7% at constant scope and exchange rates.

Sales performance in the Asia – Africa – ME – Pacific is down slightly (-3.8% at current scope and exchange rates and -4.7% at constant scope and exchange rates). The moderate slowdown in this area is mainly due to the postponement of some Verseidag tense architecture projects in the Middle East, which could not be compensated as the containment measures implemented in some countries temporarily slowed the growth momentum of the Asia region.

Strong business growth in 2021: revenue of €285.9 million

The Group achieved 2021 revenue of €285.9 million, up 46.4% at current scope and exchange rates and 27.6% at constant scope and exchange rates.

In 2021, the three operating regions posted excellent performances:

North Europe year-on-year revenue growth of 51.5% at current scope and exchange rates and 25.2% at constant scope and exchange rates;

Southern Europe – Americas sales increased by 44.3% at current scope and exchange rates and by 34.0% at constant scope and exchange rates;

Asia-Pacific – Middle East – Africa recorded growth in its turnover of 40.6% at current scope and exchange rates and 16.0% at constant scope and exchange rates.

Currency fluctuations during the year dampened revenue growth by 1.4%.


In 2022, in a favorable economic environment, but in which the price of materials and energy continues its upward trend, SergeFerrari will focus on maintaining profitability and the quality of service to customers. SergeFerrari Group is targeting 2022 revenue of around 310 million euros.

Results of the vote at the Combined General Meeting of January 25

All of the resolutions supported by the Board of Directors were adopted by the shareholders at the General Meeting of January 25, 2022.

The SergeFerrari Group adopts a dual governance structure with a Management Board and Supervisory Board

Sébastien Ferrari, Chairman of the SergeFerrari Group Supervisory Board, commented : “2021 will have been a year of significant development for Serge Ferrari, and I would like to thank all of the Group’s teams for the performance achieved during what will be my last year at the head of the operational management of the family business. As Chairman of the Supervisory Board, and together with the other members of the family and the Board, I will continue to support the development of the Group, led by the Management Board, which has in-depth knowledge of the Group and has made a significant contribution to its growth in recent years. At the end of 2021, the SergeFerrari group returned to sustained growth, offset the consequences of the health crisis on its business volumes, integrated two structuring acquisitions, started to rationalize its industrial structure and strengthened its governance. The Group is gaining momentum and is ideally positioned to achieve its medium-term objectives.”

Financial calendar

– Publication of 2021 Results Thursday, March 3, 2022 after market close


Marketing its products under two brands, Serge Ferrari and Verseidag, the Serge Ferrari Group is one of the world’s leading suppliers of composite materials for Tensile Architecture, Modular Structures, Solar Protection and Furniture/Marine, on a global market. estimated by the Company at approximately €6. billion. The unique characteristics of these products allow applications that meet major technical and societal challenges: energy-efficient buildings, energy management, performance and durability of materials, concern for comfort and safety, opening up of interior living spaces, etc. Its main competitive advantage is based on the implementation of proprietary technologies and differentiating know-how. The Group has production sites in France, Switzerland, Germany, Italy and Asia. Serge Ferrari is present in 80 countries through subsidiaries, sales offices and a global network of more than 100 independent distributors.

In 2020, Serge Ferrari achieved consolidated revenue of €195.3 million, of which more than 80% was generated outside France. The SergeFerrari Group share is listed on Euronext Paris – Compartment C (ISIN: FR0011950682). The SergeFerrari Group share is eligible for PEA-PME and FCPI.

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Serge Ferrari
Philip Brown
Financial director
Valentin Chefson
Investor Relations
[email protected]

Investor Relations – Financial Communication
Theo Martin / Quentin Massé
Tel: +33(0) 1 44 71 94 94
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