AI assistant
Neurones S.A. Earnings Release 2020
1548_iss_2021-03-03_93d822f8-c5d4-490e-a992-d7ff1398b2d3.pdf
Earnings Release
Open in viewerOpens in your device viewer
PRESS INFORMATION
Heading: 2020 annual results Nanterre, March 3, 2021 (after the closing of the stock exchange)
9.9% operating profit and 6.7% net profit in 2020
| Accounts as at December 31 (audited and in millions of euros) |
2019 | 2020 |
|---|---|---|
| Revenues | 510.1 | 524.5 |
| Business operating profit (1) | 54.7 (10.7%) | 53.9 (10.3%) |
| Operating profit | 53.7 (10.5%) | 51.9 (9.9%) |
| Net financial income | 0.1 | 1.7 |
| Income tax | (18.6) | (18.6) |
| Net profit | 35.2 (6.9%) | 35 (6.7%) |
| - of which, group share | 30.8 | 30.9 |
| Free cash flow (2) | 47 | 55.2 |
| Cash and cash equivalents (net of financial debt) (3) | 218.3 | 265.9 |
| Staff at year-end | 5,372 | 5,589 |
(1) Prior to cost of bonus shares and impairment of assets.
(2) Cash flow from operational activities, plus financial profit/loss and less net industrial investments.
(3) Excluding IFRS16 lease liabilities.
Achievements
The audit confirmed an operating profit amounting to 9.9% of revenues (compared to 9.6%, excluding disposal gains, in 2019). At €30.9 million, the net profit group share rose slightly.
At €55.2 million, free cash flow rose sharply (conversion rate of net profit into cash: 136%). Net cash and cash equivalents increased by €47.6 million to €265.9 million.
Outlook
As usual, forecasts for the current year will be posted along with the Group's 1st quarter revenues (on May 5, after the closing of the stock exchange).
NEURONES' strong market presence in the Cloud, digital services and cybersecurity is an asset which enables the company to benefit from the acceleration of the digital transformations in progress.
At the Annual General Meeting on June 3, in order to thank shareholders for their loyalty and make up for the years in which a low or no dividend was paid, the Board of Directors will propose the distribution of an exceptional dividend of €2 per share (representing a total amount close to the cash generated in 2020).
About NEURONES
With 5,600 experts, and ranking among the French leaders in management consulting and digital services, NEURONES helps large companies and organizations implement their digital projects, transform their IT infrastructures and adopt new uses.
Euronext Paris (compartment B - NRO) - Enternext Tech 40 - SRD (deferred settlement) mid-caps
Press Relations: O'Connection Valérie Hackenheimer Tel.: +33 (0)6 12 80 35 20 [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 €9,687,086.40 - R.C.S. NANTERRE B 331 408 336 - VAT Code FR 46331408336 - Siret No. 331 408 336 00021 – APE 6202A