ASSYSTEM : First-quarter 2017 consolidated revenue up 13% on year
(Thomson Reuters ONE) -
First-quarter 2017 consolidated revenue up 13% year on year
Paris, 27 April 2017, 5.35 p.m. (CEST) - Assystem S.A. (ISIN: FR0000074148 -
ASY), a leading player in engineering, today released its consolidated revenue
figures for the three months ended 31 March 2017 (first-quarter 2017).
First-quarter 2017 revenue
and year-on-year changes (unaudited)
In millions of euros Q1 2016 Q1 2017 Total year-on-year Organic year-on-
change year change*
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Group 235.8 266.4 +13.0% +11.3%
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Global Product Solutions 142.0 163.8 +15.3% +14.5%
Energy & Infrastructure 76.8 87.9 +14.5% +10.7%
Staffing 14.6 12.2 -16.4% -16.4%
Other 2.4 2.5 - -
-------------------------------------------------------------------------------
* Based on a comparable Group structure and constant exchange rates.
Assystem's consolidated revenue rose by a strong 13.0% in the first quarter of
2017, breaking down as 11.3% in organic growth, a 2.9% increase due to changes
in scope of consolidation and a 1.2% negative currency effect.
The difference in the number of business days compared with the same period of
2016 had an estimated 2.7% positive effect on organic revenue growth. In the
second quarter of 2017 this impact will reverse, however, and is expected to
represent a negative 3.5%.
GLOBAL PRODUCT SOLUTIONS
Revenue generated by Global Product Solutions climbed 15.3% in the first quarter
of 2017 to ?163.8 million and accounted for 61.5% of total consolidated revenue
for the period. The year-on-year increase breaks down as 14.5% in organic
growth, a 2.2% positive impact from changes in scope of consolidation and a
1.4% negative currency effect.
Revenue from Aerospace activities came to ?93.6 million, up 12.3% with 11.2%
organic growth.
Automotive revenue surged 22.9% to ?57.7 million, with 22.2% organic growth.
ENERGY & INFRASTRUCTURE
Revenue for the Energy & Infrastructure business climbed 14.5% in the first
three months of 2017, reaching ?87.9 million and contributing 33% of the
consolidated total. Organic growth during the period was 10.7%, changes in scope
of consolidation had a positive 4.7% impact and the currency effect was a
negative 0.9%.
Both sectors of this business reported robust growth, with:
* Nuclear up 10.0% to ?51.0 million, with 11.2% organic growth;
* Energy Transition & Infrastructure up 21.4% to ?36.9 million, with 9.9%
organic growth.
STAFFING
At ?12.2 million (accounting for 4.6% of the consolidated total for the first
three months of 2017), revenue for the Staffing business was down 16.4% on the
first quarter of 2016, but was in line with the full-year 2017 target of at
least ?45 million.
HEADCOUNT
The Assystem Group had 12,552 employees at 31 March 2017, representing a net
increase of 130 people compared with 31 December 2016.
2017 FINANCIAL CALENDAR
* 16 May: Annual General Meeting
* 27 July: Press release for first-half 2017 revenue
* 11 September: Press release for first-half 2017 results.
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 more than 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
CFO & Deputy CEO Investor Relations - Komodo
Tel.: +33 (0)1 55 65 03 10 agnes.villeret(at)agence-komodo.com
Tel.: +33 (0)6 83 28 04 15
ASSYSTEM First-quarter 2017 revenue:
http://hugin.info/143356/R/2099801/795733.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: 27.04.2017 - 17:35 Uhr
Sprache: Deutsch
News-ID 538892
Anzahl Zeichen: 5319
contact information:
Town:
Paris
Kategorie:
Business News
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