INFOTEL (EPA:INF) - Infotel : Increase in 1st half 2017 activity: €103.33m, +8.3%

Transparency directive : regulatory news

26/07/2017 18:29

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

Press release
Bagnolet, July 26, 2017

              Increase in 1st half 2017 activity: EUR103.33m, +8.3%

Turnover                                           % var.
(in EURm)                2017          2016       2017/2016

Q1 (January - March)    52.70         47.13        +11.8%
Q2 (April - June)       50.62         48.28         +4.9%
Services                48.39         46.28         +4.6%
Software                 2.24          2.00        +11.9%
Total H1               103.33         95.41         +8.3%
Services                98.98         91.23         +8.5%
Software                 4.35          4.18         +4.0%

Satisfying H1 growth

The increase in turnover seen in the 1st half pointed to entirely organic
growth of 8.3% to EUR103.3 million.

Despite a lower number of days billed during the 2nd quarter 2017 compared with
the 2nd quarter of the previous financial year (-3 days, a difference of 6%),
the Services activity was up 4.6% in the 2nd quarter at EUR48.39 million.

The intercontract rate remained under control at 2% over the half year and the
level of recruitments was high, despite tensions in the sector, with 216
entries over the half year, i.e. an internal workforce of 1,557 employees at
the end of June 2017.

For the Services activity, the solid momentum seen during the half year on
digitalisation projects benefited all sectors. The Banking sector (33.8% of
turnover) remained the main contributor to turnover, the Industry sector (26.9%
of turnover) maintained its relative share and the Services/Transport and
Insurance/Pensions sectors continued to account for 22.4% and 13.3% of turnover
respectively.

In the 2nd quarter, turnover for the Software activity increased by 11.9% to
EUR2.24 million, with royalties up at EUR1.39 million. Several trials and POC
are currently underway for Infotel brand products such as Arcsys and Infoscope,
as well as for distributed software such as zCost and Correlog.

Confidence for 2017

The 1st  half fuels the Group's optimism for the remainder of the year, with
growth and profitability objectives maintained.

Upcoming events:
Publication of H1 results - September 20, 2017 after the market
Investors' meeting: September21, 2017 (noon)

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

source : webdisclosure.com

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INFOTEL (EPA:INF) - Infotel : Increase in 1st half 2017 activity: €103.33m, +8.3%

Transparency directive : regulatory news

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