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Neurones S.A. — Earnings Release 2011
Sep 21, 2011
1548_iss_2011-09-21_b31be15c-666c-4e90-93aa-2216222568c1.pdf
Earnings Release
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PRESS RELEASE
Heading: 1st half 2011 results Nanterre, 22 September 2011
1st half 2011 operating profit stands at 9%
| Accounts at 30 June (audited and in € millions) | H1 2011 | H1 2010 (*) | 2010 |
|---|---|---|---|
| Revenues | 140.1 | 115.5 | 239.6 |
| Business operating profit (**) | 13.0 (9.3%) | 10.4 (9.0%) | 25.4 (10.6%) |
| Operating profit | 12.6 (9.0%) | 10.0 (8.7%) | 24.5 (10.2%) |
| Net financial profit | 1.5 | 0.2 | 0.7 |
| Corporate tax | (5.8) | (4.4) | (10.3) |
| Net profit after tax | 8.3 (5.9%) | 5.8 (5.1%) | 14.9 (6.2%) |
| of which, group share | 7.4 | 5.1 | 13.2 |
| Staff at end of period | 3,208 | 2,852 | 3,036 |
(*) For comparison purposes, the 1st half of 2010 was recalculated with the CVAE (Cotisation sur la Valeur Ajoutée des Entreprises), a contribution based on businesses' added value (approximately 1% of revenues) classified as a tax.
(**) Prior to cost of free shares, stock options and impairment of assets.
Achievements
Over the period, NEURONES confirmed accelerated growth in revenues (21.1% with constant structures) and increased profitability. Operating profit accounted for 9% of revenues and net profit increased by 41.7%.
The group's net cash also grew to €63.2 million, compared with €53.3 million on 30 June 2010.
Outlook
To date, the group's business activities have not been affected by the financial crisis. Overall, for 2011, NEURONES confirms its revenues forecast of €275 million and raises its operating profit forecast to over 9% (compared with the previous forecast of between 8.5% and 9.5%).
About NEURONES
With over 3,200 experts, the NEURONES group is specialized in Consulting (Management and Organization) and IT Services (Infrastructures and Applications). It supports its clients in their changemanagement projects and in the upgrading and outsourcing of their Information Systems. The size of the group has doubled over the past five years.
NYSE Euronext: Compartment B – ISIN code: FR0004050250 – NYSE symbol: NRO www.neurones.net
Press relations: Florence Gillier Communication Frédérique Guillo Tel.: +33 (0)1 41 18 85 55 [email protected]
NEURONES Matthieu Vautier Tel.: +33 (0)1 41 37 41 37 [email protected]
Investor relations: NEURONES Paul-César Bonnel Tel.: +33 (0)1 41 37 41 37 [email protected]
CONSULTING ▪ INTEGRATION ▪ OUTSOURCING
Immeuble " Le Clemenceau 1 " - 205, avenue Georges Clemenceau – F-92024 Nanterre Cedex Tel.: +33 (0)1 41 37 41 37 - Fax: +33 (0)1 47 24 40 46 – e-mail: [email protected] - www.neurones.net Société Anonyme au Capital de 9 424 437,20 € - R.C.S. NANTERRE B 331 408 336 - Code TVA FR 46331408336 - Siret 331 408 336 00021 – APE 6202A