#Communiqués Financiers

Satisfactory growth in the first half

Bagnolet, July 26, 2017

(in €m)
2017 2016 2017 / 2016 en %
1st term (January – March) 52,70 47,13 + 11,8 %
2nd term (April – June) 50,62 48,28 + 4,9 %
– Services 48,39 46,28 + 4,6 %
– Softwares 2,24 2,00 + 11,9 %
Total 1st semester 103,33 95,41 + 8,3 %
– Services 98,98 91,23 + 8,5 %
– Softwares 4,35 4,18 + 4,0 %

Satisfactory growth in the first half

The increase in turnover recorded during the 1st half shows entirely organic growth of 8.3% to €103.3 million.

Despite a lower number of days billed in the second quarter of 2017 compared to the second quarter of the previous year (- 3 days, a difference of 6%), the Services activity posted growth of 4.6% in the second quarter to 48, €39 million.

The level of inter-contracts remained under control at 2% over the half-year and recruitments were numerous, despite the tensions observed in the sector, with 216 entries made over the half-year, i.e. an internal workforce of 1,557 employees at the end of June 2017.

For the Services activity, the good momentum recorded over the half-year on digitalization projects benefited all sectors. The Banking sector (33.8% of revenue) remains the leading contributor to revenue, the Industry sector (26.9% of revenue) maintains its relative share and the Services-Transport and Insurance sectors -Retirement retain a respective share of 22.4% and 13.3% of revenue.

In the second quarter, the Software activity recorded an increase in turnover of 11.9% to €2.24 million with a level of royalties increasing to €1.39 million. Several trials and POCs are underway both for products in the Infotel range such as Arcsys or Infoscope but also for software in distribution such as zCost or Correlog.

Confidence for 2017

This first half confirms the Group’s optimism with the maintenance of growth and profitability objectives.

Next appointments:
Publication of half-year results: September 20, 2017 after market close
Investor meeting: September 21, 2017 (noon)

About Infotel

Listed on Compartment B of Euronext Paris since January 1999 (Isin code FR0000071797), Infotel is the specialist in large account management systems, from mobile to very large databases (Big Data). At the forefront of technological innovations, Infotel develops its expertise around two complementary areas of expertise: IT services and software publishing. With a turnover of €190.6 million in 2016, Infotel employs more than 2,000 people.

Michel Koutchouk Co-founder