ASSYSTEM : First-half 2016 consolidated revenue, Organic growth of 7.4%
(Thomson Reuters ONE) -
First-half 2016 consolidated revenue
* Organic growth of 7.4%
* A strong rise in revenue from Aerospace, Automotive and Nuclear activities
Paris, 28 July 2016, 5.35 p.m. CET - Assystem S.A. (ISIN code: FR0000074148 -
ASY), a leading player in engineering, today announced its consolidated revenue
figures for the six months ended 30 June 2016 (first-half 2016).
First-half 2016 consolidated revenue
and year-on-year changes (unaudited)
In millions of euros H1 2015 H1 2016 Total year-on-year Organic year-on-
change year change*
-------------------------------------------------------------------------------
Group 447.2 480.3 +7.4% +7.4%
-------------------------------------------------------------------------------
Global Product Solutions 257.8 290.4 +12.6% +12.3%
Energy & Infrastructure 153.8 155.7 +1.2% +1.8%
Staffing 31.6 29.4 -6.9% -6.9%
Other 4.0 4.8 - -
-------------------------------------------------------------------------------
* Based on a comparable Group structure and constant exchange rates.
Assystem's consolidated revenue rose by a strong 7.4% in the first half of
2016, breaking down as 7.4% in organic growth, a 0.7% increase due to changes in
scope of consolidation and a 0.7% negative currency effect.
GLOBAL PRODUCT SOLUTIONS
Revenue generated by Global Product Solutions in the first six months of 2016
climbed 12.6% to ?290.4 million and accounted for 60.5% of total consolidated
revenue for the period. The year-on-year growth figure reflects 12.3% in organic
growth, a 1.2% increase due to changes in scope of consolidation (resulting from
the acquisition of Plast Concept in the fourth quarter of 2015), and a 0.9%
negative currency effect.
Revenue from Aerospace activities came to ?171.0 million, up by a strong 7.1%
(8.4% on an organic basis for the full six months compared with 4.9% for the
first quarter). This good showing was driven by growth posted by activities
dedicated to manufacturing processes, which was particularly high in the second
quarter of the year.
Automotive activities continued their brisk momentum, recording a 32.1% revenue
jump in first-half 2016 to ?95.3 million. Organic growth totalled 27.9%, versus
25.0% for full-year 2015.
ENERGY & INFRASTRUCTURE
Revenue for the Energy & Infrastructure business rose 1.2% to ?155.7 million and
represented 32.4% of the consolidated total. Organic growth during the period
was 1.8% and there was a 0.6% negative currency effect.
Revenue from Nuclear activities came to ?90.6 million, with robust organic
growth of 8.8% excluding the effect of a contraction in revenue generated with
the Areva group (3.8% including this effect). Performance was mainly driven by
operations carried out at the installed base of civil nuclear reactors.
Other Energy & Infrastructure activities reported ?65.1 million in revenue in
first-half 2016. This figure represents a slight ?0.7 million year-on-year
decrease, stemming from the combined effect of a ?4.3 million decline due to the
impact on Radicon's revenue of the challenging operating context in Saudi
Arabia, and a 3.6 million increase for European operations.
STAFFING
At ?29.4 million (accounting for 6.1% of the consolidated total), revenue for
the Staffing business was 6.9% lower than in the first half of 2015 but ?1.0
million higher than in the second half of that year.
HEADCOUNT
The Assystem Group had 11,755 employees at 30 June 2016, representing a net
increase of 202 people compared with 31 December 2015.
OUTLOOK FOR 2016
Assystem is revising upwards its full-year 2016 organic growth target at
constant exchange rates to over 5% (compared with the previous target of over
3.5%).
2016 FINANCIAL CALENDAR
* 13 September: Press release for first-half 2016 results (after close of
trading).
* 12 October: Business Day.
* 8 November: Press release for third-quarter 2016 revenue (after close of
trading).
Assystem is an international group specialised in engineering. As a key
participant in the industry for 50 years, Assystem supports its clients in
developing their products and managing their capital expenditure throughout the
product life cycle. Assystem employs some 11,800 people worldwide and generated
?908 million in revenue in 2015. Assystem S.A. is listed on Euronext Paris.
For more information please visit www.assystem.com
Follow Assystem on Twitter: (at)Assystem
CONTACTS
Philippe Chevallier Agnès
Villeret
Deputy Chief Executive Officer & Chief Financial Officer
Komodo - agnes.villeret(at)agence-komodo.com
Tel.: +33 (0)1 55 65 03 10
Tel.: +33 (0)6
83 28 04 15
FIRST-HALF 2016 REVENUE BY QUARTER
In millions of euros Q1 2015 Q1 2016 Total year-on-year Organic year-on-
change year change*
-------------------------------------------------------------------------------
Group 222.3 235.8 +6.1% +5.6%
-------------------------------------------------------------------------------
Global Product Solutions 127.8 142.0 +11.1% +10.3%
Energy & Infrastructure 76.9 76.8 -0.1% -0.2%
Staffing 15.5 14.6 -5.7% -5.7%
Other 2.1 2.4 - -
-------------------------------------------------------------------------------
In millions of euros Q2 2015 Q2 2016 Total year-on-year Organic year-on-
change year change*
-------------------------------------------------------------------------------
Group 224.9 244.5 +8.7% +9.2%
-------------------------------------------------------------------------------
Global Product Solutions 130.0 148.3 +14.1% +14.2%
Energy & Infrastructure 76.9 78.9 +2.6% +3.8%
Staffing 16.1 14.8 -8.2% -8.2%
Other 1.9 2.5 - -
-------------------------------------------------------------------------------
* Based on a comparable Group structure and constant exchange rates.
Assystem First-half 2016 Revenue:
http://hugin.info/143356/R/2031457/755874.pdf
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ASSYSTEM via GlobeNewswire
[HUG#2031457]
Unternehmensinformation / Kurzprofil:
Datum: 28.07.2016 - 17:35 Uhr
Sprache: Deutsch
News-ID 486125
Anzahl Zeichen: 8258
contact information:
Town:
Paris
Kategorie:
Business News
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