Strong growth in Q1 2023 revenue of +12.6%

Strong growth in Q1 2023 revenue of +12.6%

Eighth consecutive quarter of double-digit growth
Distribution of €2 per share dividend, up +25%

Paris, Wednesday, May 17, 2023

Infotel, (ISIN: FR0000071797 – ticker: INF), the leading digital transformation partner for key accounts in Europe, today announced the publication of its revenue for Q1 2023.

Very strong growth momentum

Revenue during the first quarter of 2023 once again saw solid growth of +12.6% to €83.8m, reflecting strong business in both Services and Software. With this performance, Infotel has achieved its eighth consecutive quarter of double-digit growth. Demand in the digital transformation of businesses is still very high, in line with previous quarters.

In Services, the growth in business was +11.1% during the first quarter of 2023.

The Banking sector stayed in first place with 41.4% of business over the period, still benefiting from very high demand from key accounts.

The Industry sector is up to 27.1% of the Services business, confirming this segment’s growth over the period, including the start-up of a functional support activity in Canada with the creation of an ad hoc subsidiary, and in the US for Airbus.

Services accounted for 16.5% of revenue, with the increase by absolute value driven in particular by growth in business at Air France and promising scaling up at Enedis and SNCF.

The Insurance sector totaled 11.6% of revenue, with growth by absolute value fueled this quarter by the signature of a support center for Malakoff Humanis and the signature of a preferred supplier framework agreement for Covéa.

With 180 gross recruitments over the quarter, the inter-contract rate remains low at 2% on average.

The Software business posted exceptional growth of +62.4% during the first quarter of 2023, driven in part by the Orlando software solution, which is actively pursuing its commercial growth. Highlights over the period included Infotel signing a contract with Oman Air and a partnership agreement with Airbus to integrate Orlando into all of the brand’s aircraft as a replacement for the software the manufacturer currently uses.

Payout of a dividend of €2 per share

Today’s General Meeting confirmed the payout of a dividend of €2 per share. The dividend will be paid on May 23 after detachment of the coupon on May 19.

Upcoming event
H1 revenue: July 26, 2023, after the markets close.

About Infotel

Listed on Compartment B of Euronext Paris since January 1999 (ISIN FR0000071797), Infotel specializes in digital transformation for major accounts, from mobile to very high-volume databases (Big Data). Operating at the forefront of technological innovation, Infotel develops its expertise across two complementary divisions: IT services and software publishing. Infotel posted revenue of €300.4m in 2022 and employs more than 3,000 people.