Results for the 1st half of 2015:
growing growth and profitability
Turnover: €86.4m (+13.9%)
Operating margin rate: 10.6%
Net margin rate: 6.9%
Bagnolet, August 26, 2015
|in €m, at June 30||2015||2014||Δ 2015 / 2014|
|1st half revenue||86,4||75,9||+13,9 %|
|– Services||82,3||72,4||+13,7 %|
|– Softwares||4,2||3,5||+18,5 %|
|Employee costs||39,6||35,2||+12,6 %|
|External loads||34,5||30,5||+13,0 %|
|Allocations to depreciation and provisions||(1,5)||(1,3)||Ns|
|Operating income As a % of revenue||9,2
|Income tax||3,3||2,6||+ 29,4 %|
|Net income (Group share)
As a % of turnover
A first half of growth
In the first half, Infotel achieved a turnover of 86.4 M€, growing, entirely organically, by 13.9% compared to the first half of 2014.
The Services division (95% of total turnover) achieved first-half turnover of €82.3 million, up 13.7%, marking the outperformance of this activity in its market (Syntec Numérique forecasts growth of 1 .8% for the sector in 2015).
The Software division (5% of total turnover) achieved turnover of €4.2 million in the first half, up 18.5% thanks to the good level of sales and the positive effect of the euro/dollar parity .
Profitability continues to grow
In the first half of 2015, operating income stood at €9.2 million, up 21.7% compared to the first half of 2014, i.e. an operating margin rate of 10.6% compared to 10.0% in first half of 2014. This performance confirms the relevance of Infotel’s approach, which has succeeded in industrializing its services for upgrading the strategic IT systems of its key account customers, from mobile to Big Data, within regional service centers optimized, thus managing to combine control of development and resources (less than 2% of inter-contracts in the first half), technical quality and functional coverage.
Net income (Group share) for the consolidated entity for the half-year amounted to €6.0 million, up 21.6% (compared to €4.9 million in the first half of 2014), i.e. a net margin rate of 6.9% compared to 6.5% in the first half of 2014.
A very solid financial situation
Infotel’s financial position remains very strong. The Group’s shareholders’ equity amounts to €58.5 million (compared to €51.7 million as of June 30, 2014) and the Group has no financial debt. Cash is significant at €33.2 million as of June 30, 2015, an increase of €6.5 million compared to June 30, 2014, after the payment of dividends
Confidence for the end of 2015
Trends seen in the first half are expected to extend into the year: current service centers are ramping up, particularly in banking, deals are being signed in France and Europe, and new software sales are expected by the end of the year.
Given the solid performance recorded for the first half of 2015, Infotel is confident about its growth and margin securing objectives for the current year. The end-of-year objectives will be specified on September 16, 2015.
Analyst Meeting and Press Release: September 16, 2015
Third-quarter 2015 revenue: October 28, 2015 (after market)
Listed on Compartment C 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 more than €157 million in revenue in 2014, Infotel has more than 1,800 employees.