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Neurones S.A. — Earnings Release 2019
Sep 11, 2019
1548_iss_2019-09-11_57c90b6a-eb5f-4024-94aa-f305d471fa68.pdf
Earnings Release
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PRESS INFORMATION
Heading: 1st half 2019 results Nanterre, September 11, 2019 (after trading)
1st half 2019 operating profit stands at 10.9%
| Accounts at June 30 (audited in € millions) | H1 2018 | 2018 | H1 2019 |
|---|---|---|---|
| Revenue | 243.1 | 490.1 | 253.8 |
| Business operating profit * | 21.3 (8.8%) | 47.1 (9.6%) | 28 (11%) ** |
| Operating profit | 20.6 (8.5%) | 46 (9.4%) | 27.6 (10.9%) ** |
| Net financial income | 0.7 | 1.6 | 0 |
| Income tax | (7.5) | (18) | (9.1) |
| Net profit after tax | 13.8 (5.7%) | 29.6 (6%) | 18.5 (7.3%) |
| of which, group share | 12.1 | 26 | 15.9 |
| Staff at end of period | 5,123 | 5,160 | 5,217 |
Achievements
At identical scope, first half-year growth was 5.3%.
Before taking into account a non-recurring gain **, the first half-year operating profit would have been 9.1% of revenue (compared with 8.5% in the first half of 2018).
The first application of IFRS 16 on leases has no material impact on the operating profit and generated a decrease of €0.5 million in financial income.
Over one year, net cash (excluding IFRS 16 lease liabilities) increased by €34 million. At June 30, 2019, net cash totaled €182.3 million.
Finally, employee turnover decreased by nearly 5 points compared with the first half of 2018.
Outlook
For the year 2019, NEURONES confirms its forecasts:
- consolidated revenue of approximately €505 million,
- operating income of between 10 and 10.5% **.
* Before the cost of bonus shares.
** A disposal gain of +€4.6 million was recorded at end-January. This increased the operating profit by 1.8% for the half year and 0.9% for the year as a whole.
About NEURONES
With 5,200 experts, the NEURONES group specializes in Consulting (Management, Organization and Digital) and IT Services (Infrastructures and Applications). It supports its clients in their digital transformation and information system outsourcing projects.
Euronext Paris (compartment B - NRO) - Enternext Tech 40 – SRD medium values
Press Relations: O'Connection Floriane Monnier Tel.: +33 6 32 37 57 28 [email protected]
NEURONES Matthieu Vautier Tel.: +33 1 41 37 41 37 [email protected]
Investor Relations: NEURONES Paul-César Bonnel Tel.: +33 1 41 37 41 37 [email protected]
Forward together...®
Immeuble "Le Clemenceau 1" - 205, avenue Georges Clemenceau - 92024 Nanterre Cedex - France +33 (0)1 41 37 41 37 - www.neurones.net - Follow NEURONES: A Société Anonyme company with a share capital of €9,714,344.80 - R.C.S. NANTERRE B 331 408 336 - VAT Code FR 46331408336 - Siret No. 331 408 336 00021 – APE 6202A