First half 2015 turnover

Accelerated growth in the 2nd quarter 2015: + 15.0%

A H1 growth (+ 13.9%) marked by a strong performance
of the two activities: Services and Software

Bagnolet, July 29, 2015

Turnover (€ M, June 30)201520142015 / 2014 in %
1st quarter44.139.1+ 12.9%
2nd quarter42.336.8+ 15.0%
– Services40.535.1+ 15.4%
– Software1.81.7+ 7.5%
Total 1st half86.475.9+ 13.9%
– Services82.372.4+ 13.7%
– Software4.23.5+ 18.4%

Combined growth in services and software

Infotel publishes a turnover of € 86.4 million for the 1st half of 2015, a fully organic growth of 13.9%. The growth recorded in the first quarter (+ 12.9%) accelerated in the second quarter (+ 15.0%).

The deployment of the Services division associated with the growth of Software division confirmed the relevance of the business model and the ability for Infotel to regularly exceed the IT industry growth estimates (+ 1.8% in 2015, Source Syntec).

The Services division (95% of total sales) posted net sales of € 82.3 million in H1, up 13.7%. During the period, the Bank sector continued to grow with the increasing load of large service centers (Banque de France, BNP Paribas, Crédit Mutuel or BPCE). The Bank sector (34% of services turnover) is now the largest contributor in terms of revenue followed by the Industry sector.

As previously stated, Infotel announced early April the opening of a new subsidiary in the UK, to support key accounts in the British market. The Group also opened a new office in Strasbourg with a proximity to local businesses and allowing it to complete the densification of the territorial network.

Finally, the inter-contracts rate remained very low, at around 2%, throughout the period and the rate of recruitment is in line with objectives.

The Software division (5% of total sales) totaled a turnover of € 4.2 million in H1 2015. The Software division has increased by 18.4% thanks to the good level of sales and a positive effect of the euro / dollar exchange rate.

Finally, Infotel got late June the renewal of the “Innovative Company” label for FCPI mutual funds from Bpifrance Financing.

Confidence for 2015

Infotel confirms for 2015 a growth rate of activity as sustained as in 2014 and an improvement of results.

Upcoming events:
Publication of half-year results 2015: August 26, 2015 (after market close)
Investors Meeting: September 16, 2015

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 € 157 million turnover in 2014 Infotel has a staff of over 1,800.