INFOTEL (EPA:INF) - Infotel : Activity growing in Q1 2018: +11.6%.

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31/05/2018 17:44

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

Press Release
Bagnolet, 31 May 2018

                        Activity growing in Q1 2018: +11.6%


Turnover                                  Change
(EUR million)      2018        2017      2018/2017

1st quarter       58.79       52.70       +11.6%
Services          56.50       50.59       +11.7%
Software           2.29        2.11        +8.5%

Strong growth continues in Q1 2018

Continuing the trend of 2017, Infotel grew its turnover by a wholly organic
11.6% in the first quarter 2018, far outstripping Syntec Numérique's forecast
of average market growth of 3.6% for the current year.

Growth was driven by all business lines.

The Services division, up 11.7%, is on an expansionary trend in all sectors:

- the "Banking" sector (39% of revenue) continues its robust growth with the
  roll-out of its digital offering, notably at BNP Paribas and BPCE, and with
  the ramp-up of teams at new clients such as Oney Banque;
- the "Industry" sector (25% of revenue) also benefited from new developments
  in connected vehicles at PSA and at Airbus with the expansion of the
  functional support offer for companies;
- the "Services" sector (21% of revenue) benefited from new projects, including
  service centres for Agirc Arrco and Enedis.

It won further new listings including, recently, Vinci, RATP, Decathlon and
Caisse des Dépôts.

The Software business (4% of total sales) grew by 8.5% to EUR2.29 million
including IBM royalties of EUR1.41m.

There were noteworthy gains for Orlando, with a new partnership with builder
ATR and Air Tahiti's adoption of this software solution for managing
e-documentation of its planes. New prospects are in the pipeline.

With 131 gross hires over the period, the headcount was nearly 1,700 employees
at the end of the period. The inter-contract rate remains low at 1.7% on
average during the quarter.

Confident outlook for 2018

Activity of the 1st quarter suggests the Group is on-track to hit its growth
and profitability targets.

The Shareholders' Meeting approved payment of a dividend of EUR1.15 per share.

Upcoming event:
H1 2018 revenue: 25 July 2018 after market close

About Infotel

Listed on Compartment B 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. Infotel
posted revenue of EUR209.3 million in 2017 and employs over 2,500 people.

Contacts

Infotel                            Actifin
Michel KOUTCHOUK                   Financial Communication
Chief Executive Officer            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 : Activity growing in Q1 2018: +11.6%.

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