Excellent third quarter performance

Excellent third quarter performance:

Q3 2014 Turnover: € 37.5 M | +12.5%
9 months 2014 Turnover: € 113.4 M | +8.0%

Bagnolet, October 29, 2014

(M€, at September 30)
20142013Δ 2014 / 2013
1st quarter39.137.1+5.3%
2nd quarter36.834.5+6.5%
3rd quarter37.533.3+12.5%
– Services35.631.7+12.5%
– Software1.91.6+13.3%
Total 9 months113.4105.0+8.0%
– Services108.098.6+9.4%
– Software5.46.3-14.7%

Accelerated growth in 3rd quarter

Infotel publishes a turnover of € 37.5 million in Q3 2014, up 12.5% compared to the third quarter of 2013. In the first 9 months of the year, turnover amounted to € 113.4 million against € 105.0 million a year earlier, a fully organic growth of 8.0%.

The Services division (95% of total sales) grew by 9.4% in the first 9 months of the year, and a 12.5% increase over the third quarter alone. This excellent performance reflects a high level of activity for all Group entities, with new listings and new contracts with the winning position on Mobility and Big Data.
The level on inactivity is still very low, amounting to less than 1% on average in the third quarter. Recruitment is continuing in line with the recorded growth of activity (157 new employees at the end of September 2014).

The Software division (5% of total sales) has returned to a satisfactory level of royalties over the last two quarters. Software revenue thus amounts to € 5.4 million in the first nine months of the year, including € 1.9 million (+13.3%) for the third quarter. The Group is positioned on large tenders in archiving and also developing partnerships in Germany in this field.

Given these excellent results, Infotel confirms its objectives for the end of the year:
sales of more than € 150 million and operating margin between 10% and 10.5%.

Next event:
Publication of 2014 annual turnover: January 28, 2015 (after market close)

About Infotel

Listed on Compartment C 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 over € 142 million turnover in 2013 Infotel has a staff of over 1,500.