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Annual results 2012

Annual results 2012

Turnover: € 134.3 M, + 8.7%
Recurring Operating Income: €7.1 M
Net Profit (Group Share): €4.7 M
Dividends: €2 per share (proposed at the GM on 22 May 2013)
“Performance 2016” Plan: €200 M target turnover

Bagnolet, 13 March 2013

In €M, at 31 December2012(1)2011
Consolidated Turnover134.3123.5
 where Services Turnover127.3116.2
– where Software Turnover7.07.3
Staff-related expenditure62.855.05
External costs60.153.1
Recurring Operating Income7.111.0
– In % of turnover5.3%8.9%
Taxes on income(2.6)(4.0)
Net Profit (Group Share):4.77.4
– In % of turnover3.5%6.0%

(1) On a reported basis: consolidated data including the turnover of Insoft Software GmbH (€1.21 M) acquired on 30/06/2011 and Empeiria (€1.41 M) consolidated from 01/01/2012

2012: + 8.7% activity increase above market

Against a difficult market context (+ 0.7% in 2012, source: IDC), Infotel recorded a turnover of € 134.3 M for 2012, an increase of 8.7% compared to the previous year (+ 7.4% on a like-for-like basis).

The Services division displayed 9.5% growth at € 127.3 M thanks notably to the expansion of service desks among key accounts such as Airbus, Crédit Mutuel, BNP Paribas, PSA or Axa.

Software saw a drop of 4.3% to € 7.0 M caused by a temporary slowdown in IBM royalties.

Priority given to growth, temporarily affecting margins

In 2012, staff-related expenditure represented 46.8% of turnover (vs. 44.5% in 2011) and external subcontracting costs were 39.3% of turnover (vs. 38.0% in 2011) – reflecting a once-off rise in the inter-contract rate at the second part of the year. For the year, Infotel made 275 new recruits.
These developments, result of the strategic decisions to prioritise growth, are translated in a recurring operating income of € 7.1 M as opposed to € 11.0 M, giving an operational profitability of 5.3%
The net profit of the Group is € 4.7 M (3.5% of turnover).

A solid financial structure

Infotel‘s financial situation at 31 December 2012 remains stable with €44.2 M in equity, no debt, and a net cash of €16.9 M.

Dividends: increase in distribution rate

Infotel‘s Board of Directors proposed to the Shareholders’ Meeting of 22 May 2013 the payment of a dividend of 2 euro per share for 2012. This decision, motivated by its confidence in the future and the desire to associate shareholders with Infotel’s success, triggers the rise in the distribution rate from 40% in 2011 to 57% of profit in 2012.

Confidence for 2013

With a strengthened operational efficiency and good visibility for Software, Infotel predicts a growth in turnover above market in 2013 associated with an increase in profitability.

“Performance 2016” Plan, new goals: €200 M and 1,700 employees

Given the widespread trend of connected mobility and exponential growth in big data, Infotel presents its 2013-2016 strategic plan: Performance 2016.
The Group seeks to achieve €200 M in turnover with 1,700 employees (excluding subcontracting) by 2016 with priority objectives being to continue development among key accounts through service desks, guiding them in mobility and optimised management of big data, both in France and abroad.

Next meeting:
Publication of Q1 2013 turnover: 15 May 2013 (after trading)

About Infotel

Listed on Compartment C of Euronext Paris since January 1999 (ISIN code FR0000071797), Infotel is an expert in big data database management for major customers. At the cutting edge of technology innovation, Infotel develops its expertise in two complementary divisions: IT services and high-tech software publishing. With a turnover of more than €134 M in 2012, Infotel employs more than 1,500 people.



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