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9-Month Turnover 2008: + 8.6%

9-Month Turnover 2008: + 8.6%

Bagnolet, 22 October 2008

In €M20082007
on a like-for-like
basis*
Δ 2008 / 2007*
Q122.920.6+ 11.4%
Q221.419.7+ 8.5%
Q321.019.8+ 5.8%
9-Month Turnover65.360.1+ 8.6%
where Services Turnover61.155.5+ 10.0%
where Software Turnover4.24.6– 8.0%

* sale of Odaxys Consulting end of 2007: Turnover of € 1.17 M for the first nine months 2007:

In the third quarter, Infotel registered a turnover of € 21 M, an increase of 5.8%, with Services and Software growing 4.6% at € 19.6 M and 25.6% at € 1.4 M, respectively.

On the first nine months of the year, the growth of activity is + 8.6% on a like-for-like basis (+ 6.5% on a reported basis).

  • Services reaps the fruits of the strategy undertaken by the Group for several years to prioritise the development of consulting, continuing as a top-class provider. This strategy has given the Group good visibility for its future activity, with a recurring revenue of 62% of turnover for Services up to September.
  • Software registers, as expected, a very good third quarter, thanks to the combination of a more favourable EUR/USD exchange rate and good performance in IBM sales.

FORECAST 2008: STEADY COURSE IN AN UNCERTAIN ENVIRONMENT

Despite a more uncertain economic context, Infotel‘s forecast is positive for the end of 2008.

The improvement of the EUR/USD parity as well as the growth in IBM software sales are factors that predict a good level of royalties for the Software division.

Services is supported by a balanced distribution of activities among several key clients in diverse sectors (Banking, Insurance, Pensions, Industry, Transport, Services, etc.), as well as consulting that ensure sustainable turnover.

In this regard, Infotel expects for 2008 growth above market, accompanied by improvement in profitability in the second half.

Next meeting:
Publication of annual turnover 2008: 28 January 2009 (after trading)

About Infotel

Listed on Compartment C of Euronext Paris since January 1999 (ISIN code FR0000071797), Infotel is positioned at the forefront of technology innovation for companies, offering database and web application solutions. Infotel develops its expertise around two core divisions: IT services and high-tech software. In 2007, Infotel achieved a turnover of € 88.5 M.

banque

Bank

Automatic process of loan request and the simplification of KYC "Know Your Customer".

Features

  • Improvement of KYC and the onboarding of new clients with automatic identity verification thanks to intelligent ID document processing on the web or in an application.
  • Acceleration in the dealing with requests for loans and mortgages: process and automatic classification of new documents, extraction of information and validation of data points.
  • Fraud prevention and respect of rules: automation of compliance requirements on contracts, financial documents and ID documentation.
  • Easing and simplification of the consumer spending comprehension: classification of bank transfers from the study of receipt and invoice item data.
Brevets

Patents

Automated process of scientific papers and other documentation linked to the registering of a patent for intellectual property.

Features

  • Recognition and automatic indexation of fields for a precise search among the documents relating to the patent application.
  • Standardisation of the documents with online specifications: bibliopraphy, expired patent, renewed patent, etc.
Comptabilité

Accounting

Automatic processing of receipts, bills and other financial documents.

Features

  • Automisation of the accounting process: declaration of VAT, supplier bills, etc.
  • Standardisation and harmonisation of the business accounting processes.
  • Improving data security with the deletion of manual errors and with the synthesising of controls.
  • Contribution to the reduction in fraud risks, à la réduction des risques de fraude, reinforcement of operational security, audit trails and internal controls.
  • Support in the change management and accounting teams on the appropriation of this new solution.