2016 Q1 Turnover: 6.8% Growth

2016 Q1 Turnover:

6.8% Growth

Bagnolet, May 25, 2016

(in € million at March 31)
20162015% var. 2016 / 2015
Q1 (January-March)47.144.1+6.8%
– Services45.041.8+7.6%
– Software2.22.4-8%

Growth led by Services

Revenue for the 1st quarter 2016 was € 47.1 million, an entirely organic growth of +6.8%, higher than the estimated growth of 2.6% sector (according to Syntec Numérique) for the whole of 2016.

The Services division (95% of sales) recorded an increase of +7.6% in Q1, up from the previous quarter (+6.4% in Q4 2015).

The Banking sector continues to grow and now accounts for over 34% of the division’s sales, followed by the Industry sector that represents 28% of the total Services turnover.

The Software division (5% of revenues) recorded a turnover of € 2.2 million with an amount of royalties of € 1.4 million.

Infotel is continuing its sales momentum throughout the territory with getting new referrals, the signing of new contracts in Paris and in the provinces (Orleans, Niort, Lille, etc.) with its offerings around digitalization. Internationally, Infotel is acquiring new references such as Nissan in Britain.

With 95 gross recruitments for the period, the total number exceeded 2000 people in late March. The inter-contract rate remains low at 2.5% on average over the quarter.

Confidence for 2016

Infotel confirms its optimism for 2016: revenues of around € 200 million with acquisition(s) while maintaining profitability.

The General Assembly today approved the payment of a dividend of € 1 per share payable on June 1st, 2016.

Upcoming event:
2016 Q2 revenue press release: July 27, 2016 after market

About Infotel

Listed on Compartment B of Euronext Paris since January 1999 (ISIN code FR0000071797) Infotel is the Specialist of large accounts information management systems, from mobile to very large volume databases (Big Data). At the forefront of technological innovations, Infotel develops its expertise around two complementary poles: computer services and software editing. With € 175 million in revenue in 2015, Infotel employs more than 2000 people.