INFOTEL (EPA:INF) - Infotel : Activity in the first half of 2019: €122.35m, + 6.2%.

Transparency directive : regulatory news

24/07/2019 17:45

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

Press release

Bagnolet, 24 July 2019

Activity in the first half of 2019: EUR122.35m, + 6.2%

Turnover
(in EURm)            2019               2018           % var. 2019/2018
Q1 (Jan. - March)   62.85              58.79               + 6.9%
Q2 (April - June)   59.50              56.37               + 5.5%
Services            57.65              54.04               + 6.7%
Software             1.85               2.33              - 20.6%

Total H1           122.35             115.16               + 6.2%
Services           118.25             110.54               + 7.0%
Software             4.10               4.62              - 11.3%

Growth outperforms the market

Continuing the trend that started in Q1, Infotel posted revenue growth of 5.5%
in Q2 in a market that saw average growth of 4.2% for 2019.
Revenue growth came to 6.2% over the first half, with one less billing date
than in 2018.

Services, which accounted for 96% of revenue, saw growth of 7.0 % for the first
half.

The Banking sector kept up its solid pace and accounted for 35.7 % of total
revenue for the Services division, followed by Industry at 27.8 % and the
Services sector with 21.9 % of the division's revenue.

New projects and service centres won in H1 ensure good visibility for the rest
of the year.

The inter-contracts rate remained stable at an average of 2% over the first
half and the Group had a total headcount of 2,566 at 30 June 2019, an increase
from the headcount of 2,406 at end-December 2018.

Software generated revenue of EUR4.10m over the first half. Software sales,
down 11.3% in H1, suffered from the weak contribution of IBM royalties received
in Q2: in the first half, they stood at EUR2.34m compared with EUR2.84m in H1
2018.
Orlando software continues to pursue business development with more than 110
airlines in its portfolio, which may be reflected in sales figures over the
course of the second half.

Confidence for 2019

In what remains a robust market, the Group confirmed its objectives in terms of
revenue and operating profitability for the full year.

                             Upcoming events:
   Publication of H1 results, 18 September 2019 (after market close)
           Investors' meeting, 19 September 2019 at 11:30 a.m.

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 Communications
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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26/04/2024 17:45

INFOTEL (EPA:INF) - Infotel : Activity in the first half of 2019: €122.35m, + 6.2%.

Transparency directive : regulatory news

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