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Neurones S.A. — Earnings Release 2019
Mar 4, 2020
1548_iss_2020-03-04_adcce021-bcdd-4ce0-bd40-59c68fbe7ae3.pdf
Earnings Release
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PRESS INFORMATION
Heading: 2019 annual results
Nanterre, March 4, 2020 (after the closing of the stock exchange)
2019: 10.5% operating profit and 6.9% net profit
| Accounts as at 31 December (audited and in millions of euros) |
2018 | 2019 |
|---|---|---|
| Revenues | 490.1 | 510.1 |
| Business operating profit * | 47.1 (9.6%) | 54.7 (10.7%) |
| Operating profit | 46 (9.4%) |
53.7 (10.5%) |
| Net financial income | 1.6 | 0.1 |
| Income tax | (18) | (18.6) |
| Net profit | 29.6 (6%) | 35.2 (6.9%) |
| - of which, group share | 26 | 30.8 |
| Free cash flow ** | 25.8 | 47 |
| Cash and cash equivalents (net of financial debt) | 174.5 | 218.3 |
| Staff at year-end | 5,160 | 5,372 |
* Prior to cost of bonus shares and impairment of assets.
** Cash flow from operational activities, plus financial profit/loss and less net industrial investments.
Achievements
Operating profit grew by 16.8% and represents 10.5% of revenues (and 9.6% excluding capital gains).
Up by 18.9%, net profit stood at 6.9% of revenues (after income tax of 34.7%).
At €47 million, free cash flow rose sharply (conversion rate of net profit into cash: 83% on average over 3 years and 125% in 2019).
Net cash and cash equivalents increased by €43.9 million to €218.3 million at December 31, thanks in particular to the reduction in customer payment terms.
Outlook
As usual, forecasts for the current year will be posted along with the Group's 1st quarter revenues (May 6 after the closing of the stock exchange).
A dividend of €0.20 per share (significantly adjusted) will be proposed by the Board of Directors at the next Annual General Meeting.
About NEURONES
With 5,400 experts, the NEURONES Group specializes in Consulting (Management, Organization and Digital) and IT Services. It supports its clients in their digital transformation projects and in the upgrading of their information systems.
Euronext Paris (compartment B - NRO) - Enternext Tech 40 - SRD (deferred settlement) mid-caps www.neurones.net
Press Relations: O'Connection Floriane Monnier Tel.: +33 (0)6 32 37 57 28 [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]
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