FINANCIAL RESULTS 2007 : A RECORD YEAR
Operating margin: 10.7%.
Bagnolet, March 13, 2008
|En M€||2007||2006||Δ 2007 / 2006|
|Turnover||84,39||70,28||+ 20,1 %|
|Ordinary operating profit*||9,05||6,31||+ 43,4 %|
|As a % of revenues||10,7 %||9,0 %||+ 1,7 pt|
|Current operating income||6,12||4,59||+ 33,2 %|
|Net ordinary profit*||6,22||4,26||+ 46,0 %|
|As a % of revenues||7,4 %||6,1 %||+ 1,3 pt|
|Consolidated net profit||3,30||2,55||+ 29,4 %|
* Ordinary profit = excluding expenses related to bonus share grants in H1 2006 (€1.7m) and H2 2007 (€2.9m)
Excellent results in 2007
After closing the year with a revenue increase (entirely organic) of more than 20%, thus exceeding its upwardly revised target of €83 million, Infotel reports excellent 2007 results.
Excluding the non-recurring charge related to the allocation of bonus shares, operating profitability and net profitability amounted to 10.7% and 7.4% of revenues respectively, an increase of 1.7 points and 1.3 points compared to 2006.
In the context of this second consecutive year of strong growth in business and profitability, the Board of Directors has decided to allocate a second tranche of the bonus share plan approved by the General Meeting of May 23, 2006 to the company’s three principal managers, who are key players in this value creation, for a total of €2.9 million (53,385 shares).
An exceptional dividend level: 3.5 euros per share
The Board of Directors will propose to the Annual General Meeting of May 29, 2008 the payment of a dividend of 1.5 euro per share (+50%).
Given the excellent results for 2007, an exceptional dividend payment of 2 euro per share will also be proposed this year, bringing the total distribution to 3.5 euro per share, compared with 1 euro a year earlier.
2008 outlook: continued above-market growth
In 2008, Infotel will continue its strategy of profitable growth by focusing on three areas of development:
- Expanding the geographical network: the creation of Infotel Luxembourg in early 2008 is a first step in the Group’s growing internationalization process. In keeping with its status as a leading strategic partner, Infotel will continue to support its key account customers in France and abroad through new locations and/or partnerships.
- Commercial conquest: Infotel uses several levers to develop its customer portfolio, whether it be the reinforcement of its sales teams, the launch of new offers related to database management or to related themes such as archiving, and also the development within existing customers.
- Comprehensive human resources management: Infotel succeeds in securing the loyalty of the young talent the Group needs to support its development. To do this, it implements a multi-channel recruitment plan that combines training sessions, co-optation, an internship policy and, since 2007, a competition designed to attract students from top schools.
In a dynamic sector whose fundamentals remain strong (development of web interfaces and online services), Infotel will continue to outperform the market in 2008 and increase its profitability.
2008 is therefore in line with the Group’s business plan, which aims to achieve revenues of €120 million by 2010, thanks to a combination of organic and external growth. The Group benefits from a solid financial structure (€30 million in equity and no financial debt), with a net cash position of nearly €19 million at end 2007.
Next meeting :
Publication of Q1 2008 revenues: April 16, 2008 (after market close)
Listed on the C compartment of Euronext Paris since January 1999 (Isin code FR0000071797), Infotel has been at the forefront of technological innovations for companies in the field of databases and web applications since its creation. Infotel is developing its expertise around two activities: services and high-tech software publishing. In 2006, Infotel had total revenues of €70.3 million.