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Neurones S.A. Earnings Release 2011

Mar 7, 2012

1548_iss_2012-03-07_95ef28ed-5822-4212-9b32-1b226ac92d72.pdf

Earnings Release

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PRESS INFORMATION

Nanterre, 8 March 2012 Heading: 2011 annual results

9.3% operating profit and €17 million net profit in 2011

Accounts as at 31 December (audited and in
millions of euros)
2011 2010
Revenues 283.3 239.6
Business operating profit * 27.1 (9.6%) 25.4 (10.6%)
Operating profit 26.3 (9.3%) 24.5 (10.2%)
Net financial profit 2.5 0.7
Income tax (11.7) (10.3)
Net profit 17.0 (6.0%) 14.9 (6.2%)
- of which, group share 14.8 13.2
Staff at year-end 3,471 3,036

(*) Prior to cost of free shares, stock options and impairment of assets.

Achievements in 2011

NEURONES experienced significant organic growth in 2011 (18.2%). Overall growth totaled 18.3% (to be compared to a 2.7% increase in the market).

Business operating profit totaled 9.6% of revenues.

The net profit after tax (rate of 40.8%, including CVAE, a contribution based on businesses' added value) accounted for 6% of revenues.

The net cash and cash equivalents at year-end stood at €75.1 million (i.e. €3.18 per share).

Outlook for 2012

As usual, forecasts for the current year will be posted along with the Group's 1st quarter revenues. Forecasts will incorporate the entity (€5.4 million in revenues in 2011) which joined the group on 31 December 2011.

About NEURONES

With over 3,500 experts, the NEURONES group is specialized in Consulting (Management and Organization) and IT Services (Infrastructures and Applications). It supports its clients in their change-management 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 – 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-Cesar 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 9,449,103.60 € - R.C.S. NANTERRE B 331 408 336 - Code TVA FR 46331408336 - Siret 331 408 336 00021 – APE 6202A