Infotel

Earnings Release • Jan 23, 2019

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

Press release Bagnolet, January 23, 2019

Excellent business in 2018: +10.7%

2018 revenue: €231.7m Q4 2018 revenue: €60.9m

Revenue (in €m)	2018	2017	% change 2018/2017
Q1	58.8	52.7	+11.6%
Q2	56.4	50.6	+11.4%
Q3	55.7	49.0	+13.7%
Q4	60.9	57.0	+6.7%
Services	59.3	55.4	+7.0%
Software	1.6	1.6	-4.1%
Total annual revenue	231.7	209.3	+10.7%
Services	223.3	201.2	+11.0%
Software	8.4	8.1	+2.8%

Infotel published a revenue growth of +10.7% to €231.7m for full-year 2018, versus +9.8% in 2017. This performance was driven entirely by organic growth.

An excellent year for Services

Services generated a growth of +7% in Q4 2018, drawing on a substantial comparison base effect (Q4 2017 growth of +14.7%), bringing full-year growth to +11%.

Digitisation projects were the primary growth driver in all business sectors. The Banking industry is the No. 1 target sector for Infotel teams and currently accounts for more than 38% of the Services business. Industry comes out at 26% and Transportation & Services more than 21% of the division's business.

New contracts have been signed in recent months, including a stronger partnership with Air France, expanded business with the RATP and the roll-out of new projects at Oney Banque.

Even in a tense hiring market, the Group added 451 new employees, with 1,673 employees at end-December out of a total of 2,406 people. The inter-contract rate remained very low for the year at 1.8%.

Software saw its revenue pick up 2.8%, earning IBM royalties of €4.3m over the full year. Lastly, the Group signed a licence contract with Mistral Air and Israir to operate its Orlando software.

Upcoming events: 2018 annual results publication: March 6, 2019 after market close Analyst Meeting: March 7, 2019 - 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 €231.7 million in 2018 and employs over 2,400 people.

Contacts

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

Infotel Actifin