INFOTEL (EPA:INF) - INFOTEL : 2020 full-year revenue: €235.2 million.
Transparency directive : regulatory news
27/01/2021 17:40
Click here to download pdf version
Euronext B - ISIN: FR0000071797
Reuters: ETOF.PA - Bloomberg: INF FP
Press release
Paris, January 27, 2021
2020 full-year revenue: EUR235.2 million
Gradual recovery in business activity confirmed in Q4 2020
2020 full-year revenue above targets
Strong guidance for 2021
Revenue (in million EUR)
2020 2019 Change 2020 / 2019
Q1 66.0 62.9 +5.0%
Q2 52.5 59.5 -11.8%
Q3 54.4 60.3 -9.8%
Q4 62.4 65.7 -5.1%
Services 60.4 64.0 -5.5%
Software 2.0 1.8 +9.6%
Total revenue 235.2 248.4 -5.3%
Services 226.9 239.9 -5.4%
Software 8.4 8.5 -1.4%
Gradual recovery in business activity confirmed in Q4 2020
With EUR62.4 million in revenue in the fourth quarter of 2020, the recovery
trend begun in Q3 was confirmed, with a drop in revenue contained to -5.1%.
Services accounted for EUR60.4 million in revenue in Q4, down 5.5%. Software
was up 9.6% to EUR2 million.
2020 full-year revenue above targets
For the full year, 2020 revenue came in at EUR235.2 million, a decrease of
5.3%, but an overall figure that bested the estimates laid out last October(1),
which projected a drop of 7% to 8%.
This gradual recovery proves the resilience of the Infotel business model
against the backdrop of a major health crisis.
In Services, several sectors made bigger contributions to the business line's
revenue than in the previous year: Banking (41.0% versus 36.1% in 2019),
Insurance/Pensions (14.2% versus 12.5%) and Administration (3.1% versus 2.0%).
Meanwhile, other sectors saw decreases: Industry (24.5% versus 28.2%) and
Services (17.1% versus 21.2%).
The second half of the year also saw a rebound in activity at Air France and
PSA, along with a stabilized situation at Airbus. In the banking sector, repeat
business is still strong with the signing of new contracts (Crédit Agricole in
particular) and ongoing projects with Arkéa and BPCE.
(1) Press release from October 21, 2020
The hiring freeze brought on by the lack of visibility and use of subsidised
leave caused the headcount to stabilize at 2,371 employees at the end of
December. At that time, only about 10 people were still on subsidised leave.
The inter-contract rate remained low for the year as a whole, at 3.2%.
Software activity held steady at EUR8.4 million in 2020, including EUR4.5
million in IBM royalties for the full year.
In spite of a major slowdown in the airline sector, several contracts were
secured for Orlando, the software solution developed to assist with technical
documentation and aircraft maintenance. Infotel signed agreements with industry
leaders, including American Airlines, Flyadeal (a subsidiary of Saudia) and
Spirit Airlines, an American airline.
Strong guidance for 2021
In 2021, the Group plans to consolidate its commercial positions with Airbus,
PSA, Air France and the EPO (European Patent Office).
In addition, the strategy begun in late 2019 to expand business has start to
pay off with multiple new referrals in Banking and Industry sectors, and the
signing of contracts with new clients, including AG2R. Furthermore, the gradual
reopening of airline traffic should lead to more sustained growth in sales for
Orlando.
Bolstered by these favorable factors and renewed confidence in its relations
with key accounts, Infotel expects to see the return of growth in 2021.
Upcoming events
Audited 2020 full-year results: March 10, 2021, after market close Analyst
meeting: March 11, 2021 - 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 EUR235.2 million in 2020 and employs over 2,370
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