Strong growth in Q1 2023 revenue of +12.6%

Strong growth in Q1 2023 revenue of +12.6%
#Communiqués Financiers

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.

(in €m)
2023 2022 Change
2023 / 2022
Q1 83.8 74.4 +12.6%
– o/w Services 80.4 72.3 +11.1%
– o/w Software 3.4 2.1 +62.4%

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.

Michel Koutchouk Co-founder