Annual Turnover 2007: € 84.4 M (+ 20.1%)
Organic growth above market1
Bagnolet, 30 January 2008
|In M€||2007||2006||Δ 2007 / 2006|
|Annual Turnover:||84.4||70.3||+ 20.1%|
|where Services Turnover||78.4||64.6||+ 21.4%|
|where Software Turnover||6.0||5.7||+ 5.6%|
Infotel ends 2007 with a turnover of € 84.4 M increasing more than 20%, thus surpassing its revised target of € 83M and exceeding the average growth in the market 1. The last quarter contributed to this performance with € 23.1 M, an increase of 10.7% on the particularly high Q4 2006.
(1) + 6.5% in 2007 (Source : Syntec – October 2007)
Strong entirely organic growth from the two divisions
Services (92.8% turnover) finished an excellent year with the development of service desks
Infotel‘s service desks confirm the relevance and suitability of its positioning with customers’ requirements for proximity and flexibility in all economic sectors (Banking, Insurance, Pensions, Industry, Transport, Services) With a growth of more than 21% in 2007 and a 60% part of the recurring turnover, Services gives Infotel good visibility in terms of future development.
The signing of a three-year contract with EADS makes Infotel a key player since the end of 2007 among leading providers of the aerospace group and provides it with access to its European subsidiaries.
Software (7.2% revenue) saw record-levels in royalties
Despite unfavourable exchange rate, Software maintains a high level of royalties which participates in margin estimates. The sales plan implemented by Infotel for its archiving software Arcsys (proposed directly and through offers like computerised accounting tax audits or e-vaults) has started to bear fruit and full assessment will be made in 2008.
Favourable forecast for 2008: regional development and creation of Infotel Luxembourg
Similar to 2007, the Group will mobilise its teams around two complementary strategic axes: opening new accounts and strengthening its presence among existing customers.
Infotel will continue its regional development in Lyon, Bordeaux, and Toulouse, as well as in western France (Rennes, Nantes, Le Mans, and Niort) via its subsidiary Odaxys. As part of the rationalisation of its installations, at the end of 2007 the group sold its participation in Odaxys Consulting, subsidiary of Odaxys, to its managers.
Infotel has also announced the creation of its subsidiary Infotel Luxembourg at the start of 2008: in line with its strategy as a global provider working close to customers, Infotel continues its expansion by locating in a major potential economic region, historically specialised in services and notably in the Banking-Insurance sector.
Infotel shall release its targets for 2008 at the presentation of its annual results:
Publication of annual results 2007: 13 March 2008 (before trading)
Listed on Compartment C of Euronext Paris since January 1999 (ISIN code FR0000071797), Infotel is positioned at the forefront of technology innovation for companies, offering database and web application solutions. Infotel develops its expertise around two core activities: services and high-tech software. In 2006, Infotel achieved a turnover of € 70.3M.