INFOTEL (EPA:INF) - Infotel : Increase in 1st quarter 2017 activity: +11.8%.

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31/05/2017 17:44

Euronext B - ISIN: FR0000071797

Reuters: ETOF.PA - Bloomberg: INF FP

                                              Press release
                                              Bagnolet, May 31, 2017

                Increase in 1st quarter 2017 activity: +11.8%

Turnover (in EURm)
                                 2017     2016    2017/2016 %
                                                     change
1st quarter
(January - March)                52.70     47.13     +11.8%
of which Services turnover       50.59     44.95     +12.5%
of which Software turnover        2.11      2.18      -3.3%

Continuing strong growth

In line with the strong growth (+8.9%) posted in the 4th quarter, 1st quarter
growth reached +11.8%. This was entirely organic and markedly exceeded the
Syntec numérique forecast of average sector growth of around 3% for 2017.

This growth was driven by the Services activity (+12.5%) which has improved in
all areas:

- the Bank sector (33.7% of turnover) remained strong, with the ramp-up of BNP
  Trading's digital teams and the Digital and web development teams coming
  fully onstream for i-BP and IT-CE;

- the Industry sector (27% of turnover) benefited from the "AIRBUS application
  support"  bundle and the resumption of Retail projects at PSA;

- finally, the Insurance and Services/Transport sectors were boosted by new
  growth projects at mutual health insurance companies in Niort and the
  development of Air France's service centre.

The Software activity (4% of turnover) posted turnover of EUR2.11m, with
royalties of EUR1.3m.

With 127 gross additions over the period, the total workforce exceeded 2,100
persons at end-March. The intercontract rate remained weak at an average of
1.8% for the quarter.

Confidence for 2017

The first quarter fuels our optimism for the remainder of the year, with growth
and profitability objectives maintained.
Today's General Shareholders' Meeting has approved the payment of a dividend of
EUR1 per share, with the pay-out scheduled for June 8, 2017.

                             Upcoming event:
         Publication of H1 Turnover: 26 July 2017 after the market

About Infotel

Listed on Compartment B of Euronext Paris since January 1999 (ISIN code
FR0000071797), Infotel specialises in large-account information management
systems, from mobile to very large volume databases (Big Data). Operating at
the forefront of technological innovation, Infotel develops its expertise
across two complementary divisions: IT services and software publishing. With
EUR190.6 million in turnover in 2016, Infotel has a staff of over 2,000.

Contacts

Infotel                            Actifin
Michel Koutchouk                   Financial Communication
Vice President                     Ghislaine Gasparetto
Tel.: +33 (0)1 48 97 38 38         Tel.: +33 (0)1 56 88 11 11
michel.koutchouk@infotel.com       ggasparetto@actifin.fr

                          www.infotel.com

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INFOTEL (EPA:INF) - Infotel : Increase in 1st quarter 2017 activity: +11.8%.

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