INFOTEL (EPA:INF) - Infotel : Very strong growth in Q3 2018 : +13,7%. 9 month revenue : +12,2%.

Transparency directive : regulatory news

24/10/2018 17:40

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

Press release
Bagnolet, October 24, 2018

Very strong growth in Q3 2018: +13.7%
9 month revenue: +12.2%

Revenue
(in EURm)                 2018     2017   % change
                                         2018/2017

Q1 (January - March)      58.8     52.7    +11.6%
Q2 (April - June)         56.4     50.6    +11.4%
Q3 (July - September)     55.7     49.0    +13.7%
Services                  53.5     46.8    +14.3%
Software                   2.2      2.2     +1.1%
9-month total            170.8    152.3    +12.2%
Services                 164.0    145.8    +12.5%
Software                   6.8      6.5     +4.8%

Robust business level

Infotel posted revenue growth of 13.7% in Q3 2018 and 12.2% for the first nine
months of the year. These excellent performances were based on entirely organic
growth.

The Services Division turned in very strong growth of 14.3% in Q3 and 12.5% for
the first nine months of the year. Digitization of all businesses resulted in
additional contract renewals or new clients in the major accounts segment. This
growth benefited all of Infotel's sectors of operation (Banking, Industry,
Services and Transportation).
The intercontract rate held steady at a very low level, i.e. averaging 1.9%
over the quarter. Several new recruitments were carried out in Q3, with 86 new
employees hired in September, bringing the total headcount to 2,466 at
end-September 2018.
In an effort to ease the recruitment tensions affecting the entire sector,
Infotel rolled out a plan to improve the number of recruitments while cutting
costs and enhancing employee loyalty.

The Software Division recorded IBM royalties amounting to $1.35 million. Strong
momentum in sales of the Orlando solution could well generate new licensing
sales by the end of the year.

The Group, still focused on external growth with several active leads, is
optimistic that both business and profitability will further improve by the end
of the year.

Upcoming event
Publication of Q4 2018 revenue: January 23, 2019 after market close.

About Infotel

Listed on Compartment B of Euronext Paris since January 1999 (ISIN code
FR0000071797), Infotel specialises in information management systems for major
accounts, from mobile to very high-volume databases (Big Data). Operating at
the forefront of technological innovation, Infotel develops its expertise
across two complementary divisions: IT services and software publishing.
Infotel posted revenue of EUR209.3 million in 2017 and employs over 2,500
people.

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

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INFOTEL (EPA:INF) - Infotel : Very strong growth in Q3 2018 : +13,7%. 9 month revenue : +12,2%.

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