INFOTEL (EPA:INF) - Infotel : Growth in revenue in Q1 2019: +6.9%.

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29/05/2019 17:40

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

Press release
Bagnolet, 29 May 2019

Growth in revenue in Q1 2019: +6.9%

Revenue
(in EURm)   2019    2018     % change
                             2019/2018

Q1          62.85   58.79      +6.9%
Services    60.60   56.50       7.2%
Software     2.25    2.29     - 1.7%

First quarter growth driven by Services

Infotel posted organic growth in revenue of +6.9% in the first quarter of 2019,
outperforming the Syntec Numérique forecast of average market growth of 3.9%
for the current year.

The Services division expanded by 7.2% in the first quarter, continuing its
growth despite there being one less business day than in 2018. The Banking
sector (36% of revenue) remained strong, followed by the Manufacturing sector
(28% of revenue), which expanded, and Services, which accounted for nearly 22%
of total revenue.

First-quarter revenue included EUR0.6 million for Coach'Is. The synergies
planned are getting off to a good start with, in particular, large
opportunities to develop our know-how in the management of motorway networks.

Software activity was almost stable with revenue of EUR2.25 million, including
EUR1.37 million related to royalties from IBM.

Infotel is pursuing an active canvassing strategy in Europe and the United
States for the sale of Orlando and its other software solutions (Arcsys, IdbA,
DB/IQ).

With 130 gross new hires over the period, the total headcount stood at nearly
2,545 persons at end- March 2019. The inter-contract rate remained low at an
average of 2.3% for the quarter.

Confidence for 2019

The first quarter is in line with the Group's growth and profitability targets
for the year. Today's General Meeting confirmed the payment of a dividend of
EUR1.60 per share.

Upcoming events
Second quarter 2019 revenue: 24 July 2019

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 EUR231.7 million in 2018 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

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INFOTEL (EPA:INF) - Infotel : Growth in revenue in Q1 2019: +6.9%.

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