Excellent level of activity for FY 2017: +9.8%
2017 turnover: € 209.3 m
Q4 2017 turnover: € 57.0 m
Bagnolet, January 24, 2018
|2017||2016||variation 2017 / 2016|
|1st quarter||52.7||47.1||+ 11.8%|
|2nd quarter||50.6||48.3||+ 4.9%|
|3rd quarter||49.0||44.4||+ 10.3%|
|4th quarter||57.0||50.8||+ 12.4%|
|– Services||55.4||48.3||+ 14.7%|
|Total annual turnover||209.3||190.6||+ 9.8%|
|– Services||201.2||181.9||+ 10.6%|
Infotel displays a strong growth in the fourth quarter of 2017 at + 12.4%, thanks to the very good performance of the Services division. For FY 2017 as a whole, Infotel sales show a fully organic growth of 9.8% to €209.3 m, compared to an estimated market growth of 3.4% according to Syntec Numérique.
Strong performance of the Services division over the whole year
The Services division (96.1% of total sales) posted an increase of turnover of more than 14% in the fourth quarter. Over the full year, growth is over 10%.
This performance reflects a very strong activity, particularly with digital projects that represent a significant growth vector. The Banking sector remains the largest contributor (34% of the Services activity), followed by Industry (26% of the Services activity).
New listings continue with the recent one obtained from Caisse des Dépôts.
The hiring policy achieved with the integration of 476 new employees during the year. The inter-contract rate remained very low in 2017 at 1.7%.
The Software division (3.9% of total sales) recorded a sales decrease with €4.6 million of IBM royalties for the year as a whole, compared to €5.4 million the previous year, due to the wait-and-see attitude of customers and the weakness of the dollar. The start of sales of distributed products such as Correlog or zCost did not fully offset the decline of the activity. IBM’s announcement of the new z14 computers, marking a return to growth, is expected to have a positive impact on future quarterly royalties. Finally, the Group has signed a contract with ATR to operate its Orlando software.
Investor Day: February 15, 2018 – Toulouse
Publication of 2017 annual results: March 14, 2018 after market
Analyst Meeting: March 15, 2018 – 8:30 am (Paris time)
Listed on Compartment B 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 €209.3 million in turnover in 2017, Infotel has a staff of over 2,200.