Earnings release
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cogelec PRESS RELEASE SEPT Strong revenue growth in the second quarter : + 63.6 % In France and Europe , business levels much higher than in H1 2020 and 2019 Mortagne - sur - Sèvre , France , 22 July 2021 , Cogelec ( ISIN : FR0013335742 / ticker : ALLEC ) , the French leader and major European player in access control systems for building complexes , is today releasing its revenue for the first half of 2021 . Revenue In € m Q1 Q2 Total H1 2021 2020 Change 2019 13.2 9.8 + 35.0 % 9.4 12.9 7.9 + 63.6 % 9.6 26.1 17.7 + 47.8 % 19.0 Continuing on from the trend in the first quarter , consolidated second - quarter revenue totalled € 12.9m vs. € 7.9m for the same period last year , up + 63.6 % . Over the first half , revenue stood at € 26.1m compared with € 17.7m in 2020 ( + 47.8 % ) and € 19m in 2019 ( + 37.4 % ) . Beyond the base effect linked to the COVID - 19 pandemic and the slowdown in decision- making in 2020 , this business level demonstrates the quality of the Group's current sales momentum in France and Europe . This momentum is driven by both the initial effects of investments made in Europe and the continued enthusiasm of all our customers for the Intratone solution , the Group's GSM solution . While the company continued to strengthen its client base , subscriptions increased by + 19.3 % in the second quarter to € 3.4m vs. € 2.8m the previous year and + 19.6 % over the first half of the year ( € 6.6m vs. € 5.5m the previous year and € 4.8m in the first half of 2019 ) . Strong growth momentum in France and Europe In France , second quarter revenue rose significantly to € 11.4m from € 7.0m the previous year , up + 62.7 % . Sales totalled € 23m for the first half of the year vs. € 15.7m for the first half of 2020 , or an increase of + 46.8 % . In Europe , the sales momentum recorded in all countries where the Group operates brought second - quarter revenue to € 1.5m vs. € 0.9m the previous year , or an increase of + 71.0 % , from the previous year . Sales totalled € 3.1 over the first half of the year vs. € 2.0m the 1