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Infotel — Earnings Release 2018
Jan 23, 2019
1439_iss_2019-01-23_df42ca9d-dd03-4704-8a06-e031e934a8b6.pdf
Earnings Release
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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 [email protected] [email protected]