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Excellent turnover for Q1 2010

Excellent turnover for Q1 2010

Infotel’s good positioning explains +26.5% increase in activity and points towards a good year in 2010

Bagnolet, 5 May 2010

In €M, at 31 MarchQ1 2010Q1 2009Δ Q1.2010 / Q1.2009
Turnover Services:26.120.6+26.5%
Turnover Software:1.71.5+12.7%
Total Turnover27.822.2+25.6%

STRONG GROWTH IN ACTIVITY, ON A LIKE-FOR-LIKE BASIS AND WITH THE ACQUISITION OF ADDAX

The strong activity registered in the first quarter of 2010 showed an acceleration in the growth observed at the end of 2009: turnover grew 25.6%, € 27.8 M on the Group’s new basis (acquisition of Addax at start of January 2010) and 19.5%, € 26.5 M on a like-for-like basis.

Services (93.8% turnover) benefited from growth in the service desks, which demonstrated their perfect adaptation to demand of the market, and in all sectors (Banking, Insurance, Pensions, Aeronautics, Automobile, Services, etc.) both in Paris and in the other regions. Turnover was € 26.1 M with a growth of 26.5% (+20.3% on a like-for-like basis). The incorporation of Addax has made good progress and has enabled Infotel to strengthen its presence in south east France. Harwell Management has also participated in this dynamic start of the year.

Software (6.2% turnover) saw intense commercial and technical activity with the launch of the new software TAO2 (computer aided-testing) and the multiplication of prospect efforts for the database software and in the dematerialisation market with Arcsys. Furthermore, the division had a good performance in software sales by IBM in the last quarter of 2009, which translates into a high level of royalties.

FORECAST: CONFIDENCE FOR 2010

The marketing conditions enable Infotel to be optimistic for 2010 and to exceed € 100 M during the year. The group has new opportunities for development, both in terms of geographical location and sectors, in order to strengthen its position. The inter-contract rate is at its lowest, and Infotel has rolled out its recruitment plan designed to accompany recovery in 2010 (more than 220 new jobs as opposed to 130 in 2009). Infotel continues to look after the training of its teams, where excellence is a core element in its conquest strategy. The acquisition of Addax finalised at the end of January will contribute to the Group’s performance in 2010.

The payment of a dividend of € 2 per share for 2009 will be submitted to vote at the Shareholders’ Meeting on 26 May 2010.

Next meeting:
Publication of half-year turnover 2010: 29 July 2010 (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 2009, Infotel had a turnover of € 89.2 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.