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Infotel Earnings Release 2023
1439_10-q_2023-05-17_377c85f3-c118-474a-92a1-4afd5b40b647.pdf
Earnings Release
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Euronext B – ISIN: FR0000071797 Reuters: ETOF.PA – Bloomberg: INF FP
Press release Paris, Wednesday, May 17, 2023
Strong growth in Q1 2023 revenue of +12.6% Eighth consecutive quarter of double-digit growth Distribution of €2 per share dividend, up +25%
Infotel, (ISIN: FR0000071797 - ticker: INF), the leading digital transformation partner for key accounts in Europe, today announced the publication of its revenue for Q1 2023.
| Revenue (in €m) |
2023 | 2022 | Change 2023 / 2022 |
|---|---|---|---|
| Q1 | 83.8 | 74.4 | +12.6% |
| o/w Services - |
80.4 | 72.3 | +11.1% |
| o/w Software - |
3.4 | 2.1 | +62.4% |
Very strong growth momentum
Revenue during the first quarter of 2023 once again saw solid growth of +12.6% to €83.8m, reflecting strong business in both Services and Software. With this performance, Infotel has achieved its eighth consecutive quarter of double-digit growth. Demand in the digital transformation of businesses is still very high, in line with previous quarters.
In Services, the growth in business was +11.1% during the first quarter of 2023.
The Banking sector stayed in first place with 41.4% of business over the period, still benefiting from very high demand from key accounts.
The Industry sector is up to 27.1% of the Services business, confirming this segment's growth over the period, including the start-up of a functional support activity in Canada with the creation of an ad hoc subsidiary, and in the US for Airbus.
Services accounted for 16.5% of revenue, with the increase by absolute value driven in particular by growth in business at Air France and promising scaling up at Enedis and SNCF.
The Insurance sector totaled 11.6% of revenue, with growth by absolute value fueled this quarter by the signature of a support center for Malakoff Humanis and the signature of a preferred supplier framework agreement for Covéa.
With 180 gross recruitments over the quarter, the inter-contract rate remains low at 2% on average.
The Software business posted exceptional growth of +62.4% during the first quarter of 2023, driven in part by the Orlando software solution, which is actively pursuing its commercial growth. Highlights over the period included Infotel signing a contract with Oman Air and a partnership agreement with Airbus to integrate Orlando into all of the brand's aircraft as a replacement for the software the manufacturer currently uses.
Payout of a dividend of €2 per share
Today's General Meeting confirmed the payout of a dividend of €2 per share. The dividend will be paid on May 23 after detachment of the coupon on May 19.
Upcoming event
H1 revenue: July 26, 2023, after the markets close
About Infotel
Listed on Compartment B of Euronext Paris since January 1999 (ISIN FR0000071797), Infotel specializes in digital transformation 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 €300.4m in 2022 and employs more than 3,000 people.
Contacts
Infotel Michel Koutchouk Chief Executive Officer Tel.: +33 (0)1 48 97 38 38 [email protected]
Actifin Financial Communication Ghislaine Gasparetto Tel.: +33 (0)1 56 88 11 11 [email protected]
