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Assystem — Earnings Release 2008
Nov 6, 2008
1122_iss_2008-11-06_ca014142-15cd-4e8b-8930-0125537d1567.pdf
Earnings Release
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PRESS RELEASE
Third-Quarter 2008 Revenue: €160.2 Million Like-for-Like Growth: 6.4%
D (Paris - 6 November 2008) - Assystem S.A. (ISIN: FR0000074148 - ASY), a leader in engineering and innovation consulting services, today announced its revenue for the third quarter of 2008, which ended 30 September.
| In $\epsilon$ millions | Q 3 2007 |
Q 3 $2008*$ |
$\frac{0}{0}$ Change |
$%$ Change at constant exchange rates $**$ |
9 month s 2007 |
9 months 2008* |
$\frac{0}{0}$ Change |
% Change at constant exchange rates** |
|---|---|---|---|---|---|---|---|---|
| Consolidated revenue | 154 | 160.2 Unaudited |
$+4%$ | $+5.5%$ | 478.1 | 496.7 Unaudited |
$+3.9%$ | $+5.2\%$ |
| Revenue at constant scope of consolidation |
152.8 | 160.2 | $+4.9%$ | $+6.4\%$ | 475.9 | 496.7 | $+4.4%$ | $+5.7\%$ |
| $-$ Of which France $-$ Of which International |
105.6 47.2 |
116.1 44.1 |
$+9.9\%$ $-6.5\%$ |
$+9.9\%$ $-1.6\%$ |
326.8 149.1 |
357.2 139.5 |
$+9.3%$ $-6.5\%$ |
$+9.3%$ $-2.1\%$ |
*The operations of the Silver Atena joint venture will be consolidated from 1 October 2008.
** The average third-quarter 2007 exchange rate was applied to third-quarter 2008 revenue.
- D Organic growth in France was close to $10\%$ in the third quarter, while international revenue was down merely 1.6% at constant exchange rates.
- $\blacksquare$ The Energy, Nuclear and Pharmaceuticals activities stepped up their expansion, recording growth of more than 22% for the quarter.
- $\blacksquare$ The Facilities Management BU continued to grow at a steady pace, reporting a gain of 18%.
- Automotive revenue was up 4.7% in the third quarter and 11.2% in the first nine months.
- The Technologies BU expanded slightly at constant scope of consolidation, rising 2.2% in the quarter and $1.1\%$ in the first nine months.
- $\blacksquare$ The Aerospace BU saw revenue dip 2.5% at constant exchange rates in the quarter, despite a 5.3% increase in France
- At 30 September 2008. Assystem had 9.575 employees, an increase of 644 from 31 December 2007.
- I The Group maintains its operating profit target of between $\epsilon$ 39 million and $\epsilon$ 43 million for full-vear 2008.
- Upcoming press releases:
- 17 February 2009, close of trading: 2008 revenue
Assystem is a leading European provider of engineering and innovation consulting services, strategically focused on the application of technologies in innovative products, production processes and infrastructure. It has more than 9,500 employees and derives approximately 30% of its revenue from operations in 13 countries outside France.
Assystem S.A. - EuronextParis - ISIN: FR0000074148 Analyst and Investor Relations: Jean-François Lours +33 (0)1 55 65 03 10 www.assystem.com
Media Relations: Cyril Levy-Pey, RLPV Conseil Phone: +33 (0)1 42 70 31 29 - Mobile: +33 (0)6 08 46 41 41 - Email: [email protected]