INFOTEL (EPA:INF) - Infotel : Q1 2021 revenue: €64.5m. In line with 2021 guidance.

Transparency directive : regulatory news

19/05/2021 17:45

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

Press release
Paris, 19 May 2021

                       Q1 2021 revenue: EUR64.5m
                      In line with 2021 guidance

Revenue
(in EURm)     2021      2020      2019      % change    % change
                                          2021 / 2019   2021 / 2020
Q1            64.5      66.0      62.8        +2.7%      -2.2%
Services      62.6      63.6      60.6        +3.2%      -1.7%
Software       2.0       2.3       2.2       -12.6%     -15.9%

First quarter in line with objectives

Infotel reported revenue of EUR64.5m in Q1 2021, in an environment that
continued to be marked by the COVID-19 pandemic. Revenue for the period was up
2.7% from Q1 2019, exceeding the guidance set out in the 2020 annual results
publication on revenue similar to that of 2019.

The Services business posted revenue of EUR62.6m in Q1 2021, down slightly by
-1.7% compared with an extremely solid pre-COVID Q1 2020 and 3.2% higher than
in Q1 2019. Overall, the Infotel Group is seeing a recovery in business
activity in all of its operating sectors.

With 104 gross additions over the period, the total workforce exceeded 2,400
people at end-March. The inter-contract rate remained low at an average of 3%
for the quarter.

Momentum remains strong in the Banking & Finance sector, which now accounts for
41.4% of Services revenue. The Infotel Group initiated operations with several
new customers in the first quarter, including BNP Real Estate, Crédit
Agricole, Banque Edel, Natixis and La Banque Postale.

Industrial sector revenue was down 22.4%, with stable business at Airbus and
the roll-out of offshore platforms for Stellantis and Nissan.

Services accounted for 18.3% of revenue, with a strong recovery at Air France
and the implementation of a major new project for the European Patent Office
(EPO).

Infotel UK is also posting a rebound with new opportunities at its Nissan and
Virgin Money clients. Q1 revenue for the Software business came out at EUR2.0m,
including EUR1.1m in IBM royalties.
Despite the continued fragility of the airline sector, Orlando recently signed
new contracts with leading companies such as Air Canada, Air France, Republic
Airlines and Fiji Airways and now boasts substantial growth potential.

New growth phase in 2021

Business activity in Q1 2021 confirms the Group's 2021 guidance, targeting
revenue and profitability on a par with 2019.

The Annual General Meeting held in camera today approved the distribution of an
exceptional dividend of EUR1.6 per share paid in respect of FY 2020.

                              Upcoming event
               Publication of Q2 2021 revenue: 28 July 2021

About Infotel

Listed on Compartment B of Euronext Paris since January 1999 (ISIN code:
FR0000071797), Infotel specialises in information management systems for key
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 2,400
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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26/04/2024 17:45

INFOTEL (EPA:INF) - Infotel : Q1 2021 revenue: €64.5m. In line with 2021 guidance.

Transparency directive : regulatory news

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