INFOTEL (EPA:INF) - Infotel : Solid activity for FY 2016. Annual growth : +9,1%. 2016 turnover : €190.6m. Q4 2016 turnover : €50.8m.

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25/01/2017 17:40

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

                                                    Press release
                                                    Bagnolet, January 25, 2017

                        Solid activity for FY 2016

                           Annual growth: +9.1%

                         2016 turnover: EUR190.6m
                        Q4 2016 turnover: EUR50.8m

Turnover                                         % change
(in EURM)                 2016          2015    2016 / 2015

1st quarter              47.13         44.14          +6.8%
2nd quarter              48.28         42.30         +14.2%
3rd quarter              44.40         41.62          +6.7%
4th quarter              50.76         46.57          +8.9%
Services                 48.31         44.48          +8.6%
Software                  2.44          2.09         +17.1%
Total annual turnover   190.57        174.62          +9.1%
Services                181.93        167.01          +8.9%
Software                  8.64          7.62         +13.4%

Infotel posted growth of close to 9% in the fourth quarter of 2016, thanks in
particular to the solid performance by the Services division. Software also
generated a sound level of business in the fourth quarter, with turnover rising
more than 17%.

For FY 2016 as a whole, Infotel published entirely organic turnover growth of
9.1% to EUR190.6m, in a market that grew 2.8% according to an estimate by
Syntec Numérique.

Growth driven by the Services division

The Services division (95.5% of total sales) posted an increase in turnover of
8% in the fourth quarter. For the year as a whole, growth was close to 9%.

The excellent performance by the Services division is due to activity that
remains underpinned by service centres at most of Infotel's large clients, in
particular in the Banking and Services sectors, with ongoing projects at Banque
de France, Banque Populaire, Caisse d'Épargne, BNP Paribas, EPO and Air France.

Throughout the year, the Group continued its hiring policy, with 383 new
employees. The inter- contract rate remained very low for the year as a whole,
at 2.1%.

The Banking sector consolidated its position as the largest sector of activity
for Infotel, accounting for more than 34% of Services turnover: digitisation is
impacting the banking sector, which will continue its transformation over the
next few years. Industry accounted for 27% of turnover and Services - Transport
23%.

The Software division (4.5% of total sales) recorded significant growth, with
EUR1.47m in royalties for IBM in the fourth quarter, bringing the total for the
year to EUR5.35m.

                              Upcoming event
     Publication of 2016 annual results: March 15, 2017 after market.

About Infotel

Listed on Compartment B of Euronext Paris since January 1999 (ISIN code
FR0000071797), Infotel is a specialist in large-account 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 divisions: computer services and software editing. With
EUR190.6 million in turnover in 2016, Infotel has a staff of over 2,000.

Contacts

Infotel                                                                Actifin
Michel KOUTCHOUK                                      Financial Communications
Chief Executive Officer                                   Ghislaine GASPARETTO
Tel.: +33 01 48 97 38 38                              Tel.: +33 01 56 88 11 11
michel.koutchouk@infotel.com                            ggasparetto@actifin.fr
                                www.infotel.com

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26/04/2024 17:45

INFOTEL (EPA:INF) - Infotel : Solid activity for FY 2016. Annual growth : +9,1%. 2016 turnover : €190.6m. Q4 2016 turnover : €50.8m.

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