Upcoming Dividend • May 11
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (1.2%). New Risk • Apr 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €33.80, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 24x in the Aerospace & Defense industry in the United Kingdom. Total returns to shareholders of 68% over the past year. Declared Dividend • Apr 13
Dividend increased to €1.00 Dividend of €1.00 is 4.2% higher than last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 2.4%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €39.60, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 24x in the Aerospace & Defense industry in the United Kingdom. Total returns to shareholders of 102% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €75.19 per share. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €37.00, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 24x in the Aerospace & Defense industry in the United Kingdom. Total returns to shareholders of 61% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €72.56 per share. Announcement • Mar 14
Sogeclair SA, Annual General Meeting, May 12, 2026 Sogeclair SA, Annual General Meeting, May 12, 2026. Reported Earnings • Mar 13
Full year 2025 earnings released Full year 2025 results: Revenue: €166.1m (up 5.8% from FY 2024). Net income: €5.71m (up 29% from FY 2024). Profit margin: 3.4% (up from 2.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Aerospace & Defense industry in the United Kingdom. Announcement • Mar 12
Sogeclair Sa Proposes Dividend for the Year Ended December 31, 2026 On March 10, 2026, the Board of Directors of Sogeclair SA decided to propose a dividend of €1.00 per share, an increase of 4.2% for the year ended December 31, 2026, to the Annual General Meeting of May 12, 2026. Announcement • Jan 28
Sogeclair SA to Report Fiscal Year 2025 Results on Mar 11, 2026 Sogeclair SA announced that they will report fiscal year 2025 results After-Market on Mar 11, 2026 Announcement • Oct 29
Sogeclair SA to Report Q4, 2025 Results on Jan 28, 2026 Sogeclair SA announced that they will report Q4, 2025 results After-Market on Jan 28, 2026 Reported Earnings • Sep 15
First half 2025 earnings released First half 2025 results: Revenue: €80.6m (up 1.9% from 1H 2024). Net loss: €284.0k (loss narrowed 68% from 1H 2024). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Aerospace & Defense industry in the United Kingdom. Upcoming Dividend • May 12
Upcoming dividend of €0.96 per share Eligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of British dividend payers (5.8%). Higher than average of industry peers (1.8%). Announcement • Apr 09
Sogeclair SA, Annual General Meeting, May 15, 2025 Sogeclair SA, Annual General Meeting, May 15, 2025. Location: zone aeroportuaire, 7 avenue albert durand, blagnac France Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €20.70, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 29x in the Aerospace & Defense industry in the United Kingdom. Negligible returns to shareholders over past year. Declared Dividend • Mar 30
Dividend increased to €0.96 Dividend of €0.96 is 2.1% higher than last year. Ex-date: 19th May 2025 Payment date: 21st May 2025 Dividend yield will be 3.9%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio). However, it is well covered by cash flows (19% cash payout ratio). The dividend has increased by an average of 6.5% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control. However, EPS is expected to remain steady over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Mar 14
Full year 2024 earnings released Full year 2024 results: Revenue: €164.5m (up 11% from FY 2023). Net income: €4.43m (up 43% from FY 2023). Profit margin: 2.7% (up from 2.1% in FY 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Aerospace & Defense industry in the United Kingdom. Announcement • Mar 13
Sogeclair SA Proposes Dividend On March 10, 2025, the Board of Directors of Sogeclair SA decided to propose a dividend of €0.96 per share, an increase of 2.1%, to the Annual General Meeting of May 15th, 2024. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €23.30, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 21x in the Aerospace & Defense industry in the United Kingdom. Announcement • Jan 30
Sogeclair SA to Report Fiscal Year 2024 Results on Mar 12, 2025 Sogeclair SA announced that they will report fiscal year 2024 results After-Market on Mar 12, 2025 Board Change • Jan 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Jean Seguin was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Dec 21
Sogeclair SA Announces Board Changes Sogeclair SA announced the company’s board of directors has decided to make the following changes, effective on January 6, 2025: Alexandre ROBARDEY is appointed chairman of the board of directors. Alexandre ROBARDEY, a lawyer and asset manager, is a graduate of the IFA and joined the Board of Directors in 2020. His appointment makes him the third generation of the Robardey family (65% shareholder in the Group) to hold the position of Chairman of the Board. Philippe ROBARDEY, who was Managing Director of Sogeclair for 9 years before taking over as Chairman in 2003. He will remain on the Board. He has been appointed Vice-Chairman of the Board and will bring his experience to bear on the Chairman and CEO's ongoing transformation. He will also remain Chairman of the Audit Committee. Announcement • Dec 20
Sogeclair SA Announces CEO Changes Sogeclair SA announced the appointment of Philippe BREL as Chief Executive Officer of the Group, effective 6 January 2025 He succeeds Olivier Pedron. Philippe BREL, training engineer, has extensive experience in the aerospace and defense sectors, both in France and the United States. His career as Industrial Director, Director of Business Units for major groups and Chairman of the Management Board of a listed ETI will enable the Group to support customers and teams in achieving operational excellence. His background in a family-run business, and the good financial results to his credit, are all assets that will enable Sogeclair to achieve the objectives set out in the Sogeclair 2030 plan (turnover: 250M€, EBITDA: 12%, Free-cash Flow: 5%). Philippe ROBARDEY, who was Managing Director of Sogeclair for 9 years before taking over as Chairman in 2003. He will remain on the Board. He has been appointed Vice-Chairman of the Board and will bring his experience to bear on the Chairman and CEO's ongoing transformation. He will also remain Chairman of the Audit Committee. Philippe BREL's background is rich in engineering training, operational management of design offices and production units, and general management of subsidiaries of major groups, SMEs and a family-owned ETI. Board Change • Nov 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Jean Seguin was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 29
First half 2024 earnings released: €0.29 loss per share (vs €0.21 loss in 1H 2023) First half 2024 results: €0.29 loss per share (further deteriorated from €0.21 loss in 1H 2023). Revenue: €79.1m (up 9.0% from 1H 2023). Net loss: €889.0k (loss widened 39% from 1H 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Aerospace & Defense industry in the United Kingdom. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €22.80, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Aerospace & Defense industry in the United Kingdom. Declared Dividend • May 04
Dividend increased to €0.94 Dividend of €0.94 is 4.4% higher than last year. Ex-date: 16th May 2024 Payment date: 20th May 2024 Dividend yield will be 4.0%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (122% earnings payout ratio). However, it is covered by cash flows (73% cash payout ratio). The dividend has increased by an average of 6.5% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 36% to bring the payout ratio under control. EPS is expected to grow by 5.5% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Board Change • May 04
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Jean Seguin was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Declared Dividend • Apr 14
Dividend increased to €0.94 Dividend of €0.94 is 4.4% higher than last year. Ex-date: 16th May 2024 Payment date: 20th May 2024 Dividend yield will be 4.4%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (122% earnings payout ratio). However, it is covered by cash flows (73% cash payout ratio). The dividend has increased by an average of 8.9% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 36% to bring the payout ratio under control. However, EPS is expected to remain steady over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Board Change • Mar 28
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Jean Seguin was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 22
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Jean Seguin was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 23
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Jean Seguin was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 
