GROUPE CERAN
Belgian company specialised in language teaching through
total immersion.
In 2009, as a result of the extremely difficult economic environment
worldwide, the CERAN Group recorded a fall in
activity after several years of progress. Student frequentation
fell by 25% and affected all of the languages taught.
The Junior section resisted better overall than the Adults section.
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The CERAN Group posted a consolidated turnover fall of
22% to EUR 8.06 million in 2009. As of the end of 2008,
economy measures had been introduced, enabling running
costs to be reduced by 16%. The company closed 2009
with a net profit of EUR 0.48 million.€
The CERAN Group’s capitalisation continues to rest on solid
shareholder equity and controlled debt. Net cash flow progressed
by EUR 0.32 million and to EUR 2.03 million.
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In parallel with cost cutting initiatives, at the end of 2009
it was decided to close the Centre for Adults in Spain. The
Spanish seminars for Adults will henceforth be organised
in Belgium.
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The totally renovated premises of the German and Dutch departments, as well as a brand new relaxation room, were inaugurated in 2009, thus bringing to an end the Residence’s major renovation project that began at the Spa site in 2005.€The new infrastructure now meets the requirements of the seminar business perfectly and satisfies customer expectations.
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In view of the continuing economic crisis at a global level, the CERAN Group is continuing a prudent policy for 2010 and is continuing its cost-control efforts. In parallel, deliberation on the strategic choices for future years was initiated at the end of 2009 and will be continued at the beginning of 2010.
