ASSYSTEM : 2016 consolidated revenue, Consolidated organic growth of 5.4%, Ongoing strong growth for Aerospace, Automotive and Nuclear
(Thomson Reuters ONE) -
2016 consolidated revenue
* Consolidated organic growth of 5.4%
* Ongoing strong growth for Aerospace, Automotive and Nuclear
Paris, 2 February 2017, 5.35 p.m. CET - Assystem S.A. (ISIN: FR0000074148 -
ASY), a leading player in engineering, today released its consolidated revenue
figures for the year ended 31 December 2016.
2016 consolidated revenue
and year-on-year changes
In millions of euros Total year-on-year Organic year-on-year
2015 2016 change (%) change (%)*
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Group 907.7 955.6 +5.3% +5.4%
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Global Product Solutions 528.6 577.5 +9.3% +9.7%
Energy & Infrastructure 311.1 315.7 +1.5% +1.3%
Staffing 60.1 53.2 -11.4% -11.4%
Other 7.9 9.2 - -
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* Based on a comparable Group structure and constant exchange rates.
Assystem's consolidated revenue rose by 5.3% in the year ended 31 December
2016, breaking down as 5.4% in organic growth, a 1.2% increase due to changes in
scope of consolidation and a 1.3% negative currency effect.
Following the temporary slowdown seen in the third quarter of 2016, the Group
returned to its robust growth momentum in the fourth quarter, posting a 5.2%
year-on-year rise in consolidated revenue for the period (breaking down as 5.3%
in organic growth, a 1.8% increase due to changes in scope of consolidation and
a 2.0% negative currency effect).
Excluding the Staffing business and Radicon (which were both affected by the
unfavourable operating context in the Oil & Gas sector), organic growth for
full-year 2016 came to 8.3% (+8.1% in the fourth quarter).
GLOBAL PRODUCT SOLUTIONS
Revenue generated by Global Product Solutions climbed 9.3% in 2016 to ?577.5
million and accounted for 60.4% of total consolidated revenue for the year. The
year-on-year growth figure reflects 9.7% in organic growth, a 1.3% increase due
to changes in scope of consolidation and a 1.7% negative currency effect.
2016 was another year of sustained growth for the Aerospace sector, with revenue
up 5.7% on an organic basis and by 3.7% as reported (with a 0.6% favourable
impact from changes in scope of consolidation and a 2.6% negative currency
effect). This performance was spurred by the ongoing development of support
activities for manufacturing processes and by the gradual ramp-up of in-service
and customer support activities resulting from both organic and acquisition-led
growth.
Automotive sector revenue surged 25.4% to ?193.8 million (with 22.6% organic
growth), led once again by a favourable market environment and the Group's
market-relevant offering.
ENERGY & INFRASTRUCTURE
Revenue for the Energy & Infrastructure business rose 1.5% in 2016 to ?315.7
million and represented 33.0% of the consolidated total. Organic growth during
the year was 1.3%, changes in scope of consolidation had a positive 1.3% impact
and there was a 1.1% negative currency effect.
Revenue for the Nuclear sector came to ?183.5 million, with solid organic growth
of 6.8% excluding the effect of a contraction in revenue generated with the
Areva group, and 3.0% including this effect (which is gradually diminishing).
Other Energy & Infrastructure activities (Energy Transition & Infrastructure)
reported ?132.2 million in revenue for 2016, on a par with 2015. This overall
year-on-year stability reflects the combined impact of a ?9.3 million rise in
Europe (9.1% organic growth) and an ?11.0 million contraction posted by Radicon,
whose revenue was weighed down by a capital expenditure freeze in Saudi Arabia.
However, towards the end of the year, Radicon began to feel the initial positive
effects of the gradual re-start of infrastructure projects in Saudi Arabia.
STAFFING
At ?53.2 million (accounting for 5.6% of the consolidated total), revenue for
the Staffing business was down 11.4% in 2016. The falloff in revenue in the Oil
& Gas sector continued in the second half of the year and was only slightly
offset by the positive effects of the business's diversification into the
industry sector.
HEADCOUNT
The Assystem Group had 12,422 employees at 31 December 2016, up 593 on 31
December 2015 (based on a constant Group structure) due to ongoing recruitments
to meet high demand in our three main business sectors (Aerospace, Automotive
and Nuclear).
OUTLOOK
The outlook for Assystem's business in its three main sectors remains favourable
for 2017.
2017 FINANCIAL CALENDAR
* 8 March: Press release for full-year 2016 results - Presentation meeting
on 9 March at 11.30 a.m.
* 27 April: Press release for first-quarter 2017 revenue
* 16 May: Annual General Meeting
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 12,500 people worldwide and generated
?956 million in revenue in 2016. Assystem SA is listed on Euronext Paris.
For more information please visit www.assystem.com
Follow Assystem on Twitter: (at)Assystem
CONTACTS
Philippe Chevallier Agnès Villeret
CFP & Deputy CEO
Komodo - agnes.villeret(at)agence-komodo.com
Tel.: +33 (0)1 55 65 03 10
Tel.: +33 (0)6 83 28 04 15
BREAKDOWN OF REVENUE BY QUARTER AND YEAR-ON-YEAR CHANGES
In millions of euros Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016
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Group 235.8 244.5 221.0 254.3 955.6
% change +6.1% +8.7% +1.0% +5.2% +5.3%
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Global Product Solutions 142.0 148.3 134.3 152.8 577.5
% change +11.1% +14.1% +5.7% +6.3% +9.3%
Energy & Infrastructure 76.8 78.9 73.0 87.0 315.7
% change -0.1% +2.6% -3.7% +6.7% +1.5%
Staffing 14.6 14.8 11.7 12.1 53.2
% change -5.7% -8.2% -16.8% -16.0% -11.4%
Other 2.4 2.5 2.0 2.3 9.2
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ASSYSTEM 2016 Revenue:
http://hugin.info/143356/R/2075676/780501.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ASSYSTEM via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 02.02.2017 - 17:35 Uhr
Sprache: Deutsch
News-ID 521717
Anzahl Zeichen: 8385
contact information:
Town:
Paris
Kategorie:
Business News
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