Infotel

Earnings Release • Oct 25, 2017

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

Press release

Bagnolet, October 25, 2017

Strong growth in Q3: +10.3%

9 months revenue: +8.9%

Turnover (in €m)	2017	2016	% var. 2017/2016
Q1 (January - March)	52.7	47.1	+ 11.8%
Q2 (April - June)	50.6	48.3	+ 4.9%
Q3 (July - September)	49.0	44.4	+ 10.3%
Services	46.8	42.4	+ 10.4%
Software	2.2	2.0	+ 7.8%
9 months	152.3	139.8	+ 8.9%
Services	145.8	133.6	+ 9.1%
Software	6.5	6.2	+ 5.2%

Persistence of a good level of growth over 9 months

In the third quarter of 2017, Infotel posted only organic growth of 10.3%, despite an unfavourable number of working days. In the first nine months of the year, growth was 8.9%.

The Services division (96% of sales) posted an increase in sales of 10.4% for the quarter. In 9-month cumulated terms, growth amounted to 9.1%.

Digitalization remains the main driver of growth in all the business sectors in which Infotel operates and the Bank is still the leading business sector with significant new contracts earned over the period. The intercontract rate continues to be very low, at 1.6% on average over the quarter. The recruitment policy was very active this quarter with 82 new employees during the quarter, a total workforce of over 2,250 at the end of September 2017.

The Software division (4% of sales) recorded a significant amount of IBM royalties for \$ 1.73 million. New sales on the various proprietary or distributed software should be completed by the end of the year.

Upcoming event: Publication of Q4 2017 revenue: January 24, 2018 after market close.

About Infotel

Listed on Compartment B of Euronext Paris since January 1999 (ISIN code FR0000071797), Infotel specialises in large-account information management systems, from mobile to very large volume databases (Big Data). Operating at the forefront of technological innovation, Infotel develops its expertise across two complementary divisions: IT services and software publishing. With €190.6 million in turnover in 2016, Infotel has a staff of over 2,000.

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