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Q3 2020 Revenue

Third-quarter 2020 revenue: €54.4m

Nine-month revenue: €173.0m
Limited decrease; recovery initiated

Paris, 21 October 2020

Revenue
(in €m)
20202019Change 2020 / 2019
Q166.062.8+5.0%
Q252.559.5-11.8%
Q3 54.460.3-9.8%
– Services52.257.7-9.5%
– Software2.22.6-15.9%
9-month total173.0182.7-5.3%
– Services166.4176.0-5.4%
– Software6.46.7-4.4%

Business activity resumes in the third quarter, increasing sharply in September

Against the backdrop of a major health crisis, third-quarter 2020 revenue came out at €54.4m, down 9.8% on third-quarter 2019. Revenue for the first nine months of the year totalled €173.0m, with a limited decrease of 5.3% compared with the same period in 2019.

The Services business posted revenue of €166.4m in the first nine months of 2020, down 5.4%. Business activity resumed gradually in the third quarter, employees on subsidised leave being reintegrated massively to respond to the substantial recovery in September.
Just 45 employees were on subsidised leave at end-September, compared with 150 at end-June, and Infotel plans to further reduce the number of personnel on subsidised leave between now and the end of the year.

Among the key accounts for which Infotel is a leading partner, the Group confirms that it has recovered a large part of its business with Air France. In Industry, business activity with PSA has now almost returned to its pre-crisis level, while business with Airbus has stabilised at around 60% of pre-crisis revenue.

In Banking / Finance, Infotel has reinforced its position through stronger activity with BNP PARIBAS, Groupe BPCE and Banque de France. Business is also improving in the Insurance / Pensions sector, for example with a new service centre at AG2R, which should be staffed by some 20 employees by the end of the year.

Infotel UK Consulting Ltd also staged a recovery, with the resumption of its service business with Nissan and Virgin Money.

Overall, the Infotel Group employed 2,434 people at end-September and the inter-contract rate remained low for the quarter at 3.2%.

The Software business posted IBM royalties of €1.12m in the third quarter, the decrease resulting from US dollar depreciation over the period.

In September, Infotel announced the signature of a multi-year contract for its Orlando software with American Airlines.

Year-end target

Infotel is confirming its guidance on full-year revenue, with a limited year-on-year decrease (-7% to -8%), and on operating margin, which will be close to that of 2019. It expects to see a return to growth in 2021.

Upcoming event:
Q4 2020 revenue: 27 January 2021 after market close.

About Infotel

Listed on Compartment B of Euronext Paris since January 1999 (ISIN code FR0000071797), Infotel specialises in information management systems for major accounts, from mobile to very high-volume databases (Big Data). Operating at the forefront of technological innovation, Infotel develops its expertise across two complementary divisions: IT services and software publishing. Infotel posted revenue of €248.4 million in 2019 and employs over 2,400 people.

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.