Assystem — Earnings Release 2011

Feb 6, 2012

Full-year 2011 Revenue Up A Strong 19.5%

• Full-year organic revenue growth above target at 13.2%
• Revenue from international markets up a robust 30.7%
• Pro forma 2011 revenue including acquisitions to date of €850 million

(Paris – 6 February 2012, 8:30 a.m.) – Assystem S.A. (ISIN: FR0000074148 - ASY), a leading Innovation and Engineering Consultancy, today announced its consolidated revenue for the year ended 31 December 2011.

In € millions		Q1	Q2	Q3	Q4
	2010	2011	2011	2011	2011	2011
Consolidated revenue	636.5	187.1	187.2	182.7	203.6	760.6
% change	-	21.1%	18.6%	18.2%	20.0%	19.5%
France	438.3	123.5	124.9	117.7	135.4	501.5
% change	-	14.4%	12.8%	14.2%	16.2%	14.4%
International	198.2	63.6	62.3	65.0	68.2	259.1
% change	-	36.8%	32.3%	26.2%	28.4%	30.7%

Full-year 2011 Consolidated Revenue (unaudited)

Note: Revenue from MPH's French operations has been consolidated since 1 August 2011.

Consolidated revenue for the year ended 31 December 2011 rose 19.5% to €760.6 million, with organic growth of 13.2%. This sharp increase reflects robust revenue growth in all business units, both in France and other countries.

Fourth-quarter performance confirmed the trends seen throughout the year, with operations again achieving very strong increases. Revenue for the period rose 20% to €203.6 million, with organic growth of 11.5%. Assystem has also been selected to be on the approved list of suppliers by its major customers.

REVENUE BY REGION

Assystem turned in a very good operating and commercial performance in France throughout the year, with revenue rising 14.4% over the full 12 months, or 13.6% on an organic basis.

Operations outside France enjoyed a record year, with an aggregate 30.7% increase in revenue (12.3% on an organic basis), led by brisk business in all countries and the acquisition of Berner & Mattner in Germany. International operations now account for 34% of total consolidated revenue.

REVENUE BY BUSINESS UNIT

Revenue from the Plant Engineering & Operations business unit (38% of the consolidated total) rose by 12% (up 9.7% on an organic basis) over the full year. The nuclear sector continued to expand and the conventional energy sector saw an increase in business.

Revenue from the Aerospace Engineering business unit (28% of the consolidated total) remained on an excellent trend throughout the year, rising 15.1% (15.7% on an organic basis due to change). All sectors recorded steady gains, notably in connection with such major European aerospace programmes as the A350 and the A320neo.

Revenue from the Technology & Product Engineering business unit (34% of the consolidated total) enjoyed organic growth of 33.6% (up 15.3% on an organic basis) over the full year, led by vigorous demand from the automotive sector and in embedded systems. The contribution from operations in Germany increased following the acquisition of Berner & Mattner.

WORKFORCE AND INVOICING RATE

Assystem had 9,701 employees at 31 December, up 1,141 employees including a net 795 people hired since the beginning of the year. Outsourcing and the use of contractors in the United Kingdom represents around an additional 1,600 people.

The operational invoicing rate reached 92.1% on average in 2011 (92.2% in the fourth quarter), up 2.1 points compared to last year's average.

OUTLOOK

In light of the strong business levels throughout the year and in all business segments, Assystem confirms its operating margin target of between 7.5% and 8.0% for 2011.

Assystem has finalized the acquisition of MPH business in Dubai, which will be consolidated as from 1 February 2012. This transaction will contribute significantly to the Group's growth in 2012, with promising growth relays in oil & gas and a major initial presence for Assystem in the Middle East. Consequently, Total will become one of the Group's top ten customers this year.

Pro forma revenue, including the full-year impact of the Berner & Mattner and MPH acquisitions, comes close to €850 million. The Group is continuing to explore acquisition opportunities outside France.

2012 INVESTOR CALENDAR

• 14 March 2012, after close of trading: 2011 financial results
• 14 May 2012, after close of trading: revenue for the three months ended 31 March 2011
• 23 May 2012: Annual Shareholders' Meeting (new date)

Assystem is an international Engineering and Innovation Consultancy. As a key participant in the industry for more than 40 years, Assystem supports its customers in developing their products and managing their capital expenditure throughout the product life cycle. Assystem employs 10,200 people worldwide and reported around €850 million in pro forma revenue in 2011. The Company is listed on NYSE Euronext Paris – Compartment B - Code ISIN: FR0000074148 – ASY. For more information: www.assystem.com

CONTACTS

Gilbert Vidal Chief Financial Officer Phone: +33 (0)1 55 65 03 10

Pauline Bucaille

Vice President, Investor Relations Phone: +33 (0)1 55 65 03 08 – pbucaille@assystem.com Nicolas Castex - Agnès Villeret - Lucie Larguier Citigate Dewe Rogerson Phone: +33 (0)1 53 32 78 95 – +33 (0)1 53 32 84 75 Agnes.villeret@citigate.fr / lucie.larguier@citigate.fr