Turnover Q1 2014: +5.3%

Turnover Q1 2014: +5.3%

Sustained strong organic growth, driven by Professional Services

Bagnolet, May 21, 2014

Turnover (M€) 2014 2013 % var. 2014 / 2013
Services 37.2 34.1 +9.3%
Software 1.9 3.0 -39.3%
Total Turnover Q1 2014 39.1 37.1 +5.3%

Strong Services growth in Q1

Infotel announces a turnover of € 39.1 million in the first quarter of 2014, a fully organic growth of 5.3% compared to first quarter 2013. Continuation of sustained growth, driven by the performance of Professional Services over the quarter (+9.3%) puts Infotel way beyond early estimates for the IT sector market (+1.1% in 2014 Source Syntec).

The Services division (95% of total sales) posted sales of € 37.2 million in Q1, up 9.3%. This positive development is based on good dynamic openings service centers, particularly in the banking sector, and the good development of our “mobility” offer. Intercontract rate remained low at around 2% on average over the quarter.

The Software division (5% of total sales) totaled a turnover of € 1.9 million over the period. As expected, this trend is a return to a normative level of royalties (-45.6% vs. Q1 2013), compared to an exceptional first quarter of 2013 (+49.2 % vs. Q1 2012). Meanwhile, Infotel is continuing actions, particularly internationally, to expand its network of distributors for its products.

The Group’s financial position is strong with € 50.5 million in equity, no debt and a cash level of more than € 30 million (31 March 2014).

Infotel confirms its objectives for growth and stable margins for the year.

The General Assembly today endorsed the payment of a dividend of € 3.5 per share, of which the payment is scheduled for May 30, 2014.

Next event:
Publication of revenue of the second quarter of 2014: July 30, 2014 after market close

About Infotel

Listed on Compartment C of Euronext Paris since January 1999 (ISIN code FR0000071797) Infotel is the Specialist of large accounts information management systems, from mobile to very large volume databases (Big Data). At the forefront of technological innovations, Infotel develops its expertise around two complementary poles: computer services and software editing. With over € 142 million turnover in 2013 Infotel has a staff of over 1,500.