INFOTEL (EPA:INF) - Infotel : H1 activity: €115.16m, +11.5%.

Transparency directive : regulatory news

25/07/2018 17:40

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

Press Release
Bagnolet, 25 July 2018

                        H1 activity: EUR115.16m, +11.5%

Turnover
(EURmillion)            2018      2017    Change 2018/2017
Q1 (Jan-March)          58.79     52.70        +11.6%
Q2 (April-June)         56.37     50.62        +11.4%
Services                54.04     48.39        +11.7%
Software                 2.33      2.24         +4.2%
Total H1 2018          115.16    103.33        +11.5%
Services               110.54     98.98        +11.7%
Software                 4.62      4.35         +6.3%

Another fine performance

In line with first-quarter trends, Infotel chalked up an 11.4% increase in
revenues in Q2, fuelled solely by organic growth.

Total revenue for the first half of the year came to EUR115.16m, up 11.5%.
Growth was driven by strong contributions from the Services division.

Revenues from Services grew by 11.7% in the second quarter and over the
first-half period, with the anticipated ramp-up in service centers dedicated to
our clients' digital transformation projects. The Banking sector remains
Infotel's main field of expertise.

The UK-based subsidiary, Infotel UK Consulting Ltd, has been taking advantage
of new opportunities at Nissan, Virgin Money and BNP Paribas, leading to
synergies with our French operations.

The intercontract rate remained under control at 1.8% over the first-half
period, with 214 gross new recruitments recorded since 1st January.

In the second quarter, the Software division reported revenue growth of 4.2% to
EUR2.33 million. Over the first half of the year, the Software division
recorded revenue of EUR4.62 million, up 6.3%, with IBM royalties at EUR2.84
million, compared with EUR2.68 million in the first half of 2017.

The Orlando software solution once again brought in new business, with the
signature of two major contracts, at Air France and Air Transat.

Confident outlook for 2018

In light of this fine first-half performance, the Group is on track to meet its
growth objectives, thanks to a steady pace of activity. Operating margin for
the period will reflect investments in an ambitious training policy that will
enable us to meet our clients' digital transformation needs ever more
effectively.

                            Upcoming events:
Publication of H1 results on 19 September 2018 after market close Presentation
           to investors on 20 September 2018 (Lunch time)

About Infotel

Listed on Compartment B of Euronext Paris since January 1999 (ISIN code
FR0000071797) Infotel is specialised in key 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 business lines: 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 : H1 activity: €115.16m, +11.5%.

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