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Neurones S.A. — Earnings Release 2021
Mar 9, 2022
1548_iss_2022-03-09_955ef6e7-aa61-4343-8d00-c86e49be6646.pdf
Earnings Release
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PRESS INFORMATION
Heading: 2021 annual results Nanterre, March 9, 2022 (after trading)
7.4% net profit in 2021
| Accounts as at December 31 (audited and in €m) | 2019 | 2020 | 2021 |
|---|---|---|---|
| Revenues | 510.1 | 524.5 | 579.9 |
| Business operating profit (1) | 54.7 (10.7%) | 53.9 (10.3%) | 64.2 (11.1%) |
| Operating profit | 53.7 (10.5%) | 51.9 (9.9%) | 61.6 (10.6%) |
| Net financial profit | 0.1 | 1.7 | 0.2 |
| Income tax | (18.6) | (18.6) | (18.8) |
| Net profit | 35.2 (6.9%) | 35 (6.7%) | 42.9 (7.4%) |
| - of which, group share | 30.8 | 30.9 | 37.7 |
| Free cash flow (2) | 47 | 55.2 | 51.8 |
| Cash and cash equivalents (net of financial debt) (3) | 218.3 | 265.9 | 264.6 |
| Staff at year-end | 5,372 | 5,589 | 5,869 |
(1) Prior to cost of bonus shares and impairment of assets.
(2) Cash flow from operational activities, plus financial profit and less net industrial investments.
(3) Excluding IFRS16 lease liabilities.
Achievements
Exceeding forecasts, the year 2021 was very good, both in terms of organic growth and profitability. The audit confirmed an operating profit of 10.6% of revenues. At €37.7m, net profit (group share) is up by 22% compared to 2021 (and up by 22.4% compared to 2019).
At €264.6m (i.e. €11/share), net cash has been almost entirely rebuilt after the payment (in June 2021) of an exceptional dividend of €48.4m.
Outlook
As usual, forecasts for the current year will be posted along with the Group's 1st quarter revenues (on May 11, after the closing of the stock exchange).
NEURONES' long-standing expertise in cloud computing, digital services and cybersecurity is an asset which enables the company to benefit from the acceleration of the digital transformations in progress.
At the Shareholders' Meeting on June 2, the Board will suggest:
- adopting a regular and predictable distribution policy for the coming years,
- starting with the payment of a dividend of €1 per share for the year 2021.
About NEURONES
With close to 6,000 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 – DSS mid caps www.neurones.net
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 €9,691,286.40 - R.C.S. NANTERRE B 331 408 336 - VAT Code FR 46331408336 - Siret No. 331 408 336 00021 – APE 6202A