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9-Month Turnover 2012: +10.0%

9-Month Turnover 2012: +10.0 %

Bagnolet, 24 October 2012

Despite a sector tightening in the third quarter, Infotel published a turnover on 30 September showing certain resistance, up +10 %:

In €M, at 30 September9 months 2012
(reported basis1)
9 months 2011Δ 2012
/ 2011
Turnover Services92.684.1+10.2%28.027.3
Turnover Software5.34.9+7.7%1.21.6
Total Consolidated Turnover97.989.0+10.0%29.228.9

(1) On a reported basis: consolidated data including the turnover of Insoft Software GmbH (€ 1.23 M) acquired on 30/06/2011 and Empeiria (€ 1.41 M) consolidated from 01/01/2012

Overall stable third quarter thanks to service desk expansion

At 30 September 2012, Infotel achieved a turnover of € 97.9 M, increasing 10% compared to 30 September 2011. Activity during the third quarter was almost stable (+0.7%), with an increase in Services of +2%.

Services (94% of turnover) displayed growth of 10.2% to € 92.6 M, on the previous year.
The third quarter of 2012 (+2%) was marked by a progressive slowdown in activity in almost all sectors, except aeronautics where expansion of service desks continued.
The Group must hence deal with a “wait-and-see” attitude, which translates in a lack of visibility at the end of the year in certain customers.

Software (6% of turnover) displayed growth of 7.7% to € 5.3 M, in the year. In the third quarter, it registered a decline in activity with a turnover of € 1.2 M as opposed to € 1.6 M in 2011, mainly associated with less significant IBM royalties than originally anticipated and an overall delay in customers’ decision-making.

Forecast for the end of the year

Given the current climate, Infotel expects that the last quarter will have a noticeable impact on achieving its annual turnover target. While visibility is expected to decline, Infotel is still well positioned to defend its position and face fluctuations in the market.

Next meeting:
Publication of annual turnover: 30 January 2013 (after trading)

About Infotel

Listed on Compartment C of Euronext Paris since January 1999 (ISIN code FR0000071797), Infotel is an expert in database management and web applications. At the cutting edge of technology innovation, Infotel develops its expertise in two complementary divisions: IT services and high-tech software publishing. As part of its “Ambitions 2012” plan, Infotel has set itself two major goals: perform almost all service provision from its service desks, and become a front-line player in dematerialisation. In 2011, Infotel had a turnover of € 123.5 M.



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