INFOTEL (EPA:INF) - INFOTEL : Solid growth continues in third quarter of 2021. Q3 revenue: €62.9m (up 15.7%). Nine-month revenue: €192.0m (up 11.1%).

Transparency directive : regulatory news

27/10/2021 17:45

Euronext B - ISIN: FR0000071797
Reuters: ETOF.PA - Bloomberg: INF FP

Press release
Paris, October 27, 2021

               Solid growth continues in third quarter of 2021
                       Q3 revenue: EUR62.9m (up 15.7%)
                   Nine-month revenue: EUR192.0m (up 11.1%)

Infotel, (ISIN code: FR0000071797 - memo: INF), a leading partner in the
digital transformation of major accounts in Europe, today announced the
publication of its third-quarter and nine-month 2021 revenue.

Revenue              2021      2020      2019      Change      Change
(in EURm)                                       2021 / 2020  2021 / 2019
Q1                   64.5      66.0      62.9       -2.2%      +2.7%
Q2                   64.6      52.5      59.5      +23.1%      +8.5%
Q3                   62.9      54.4      60.3      +15.7%      +4.3%
Services             60.8      52.2      57.7      +16.4%      +5.4%
Software              2.1       2.2       2.6       -3.2%     -18.6%
Nine-month total    192.0     172.8     182.7      +11.1%      +5.1%
Services            186.1     166.4     176.0      +11.8%      +5.8%
Software              5.9       6.4       6.7       -8.0%     -12.0%

Solid sales momentum in the third quarter of 2021

Infotel posted revenue of EUR62.9m for the third quarter of 2021, up 15.7%
compared to the same period in 2020, and up 4.3% compared to 2019, confirming
the solid trend observed during the previous quarter.

For the first nine months of 2021, revenue increased 11.1% from 2020 and 5.1%
from 2019, and as such was in line with Infotel's target of exceeding 2019's
growth level.

The Services business generated growth of 16.4% in Q3 2021 and 11.8% over the
first nine months of the year.

In the Banking/Finance sector, Infotel reported new referrals including the
European Central Bank and the Council of Europe Development Bank, and won new
contracts with BNP Paribas, Crédit Mutuel and BPCE, enabling it to expand the
scope of its operations with existing clients.

In the Industry sector, Infotel signed new contracts with Nissan and new
contract extensions with Air France and Airbus, specifically one covering a
service center at Airbus Helicopters.

New referrals have been won at SNCF and are in progress at Renault, and Infotel
is expanding its operations at several existing clients, including Enedis, GIP
Santé, CNRS, Société du Canal de Provence and ADEO.

Measures taken to improve recruitment are beginning to show their effect, with
a total of nearly 350 hires since the beginning of the year. Infotel had a
total headcount of 2,685 at the end of September and the inter-contract rate
remained low at 1.0% over the quarter.

IBM royalties in the Software sector amounted to EUR0.94m in the third
quarter.

The Orlando software suite's growth continued, with new contracts signed with
Breeze, CMA CGM (Cargo business) and WMA.

End-of-year target confirmed

2021 business is expected to increase compared to 2019, and current operating
profitability should be at least equal to that of 2019.

                               Upcoming event:
    Publication of Q4 2021 revenue: January 26, 2022, after market close

About Infotel

Listed on compartment B of Euronext Paris since January 1999 (Isin code
FR0000071797), Infotel is a specialist in large account management systems,
from mobile to very large databases (Big Data). At the cutting edge of
technological innovations, Infotel is developing its expertise around two
complementary areas of activity: IT services and software publishing. With
EUR235.2m in revenue in 2020, Infotel employs more than 2,600 people.

Your contacts

Infotel                                                             Actifin
Michel KOUTCHOUK                                    Financial Communication
Chief Executive Officer                                Ghislaine GASPARETTO
Tel.: +33 1 48 97 38 38                             Tel.: +33 1 56 88 11 11
michel.koutchouk@infotel.com                         ggasparetto@actifin.fr

www.infotel.com

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INFOTEL (EPA:INF) - INFOTEL : Solid growth continues in third quarter of 2021. Q3 revenue: €62.9m (up 15.7%). Nine-month revenue: €192.0m (up 11.1%).

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