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30.07.2015 17:35:44
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ASSYSTEM: First-half 2015 revenue
First-half 2015 revenue
(Paris - 30 July 2015, 5:35 p.m.) - Assystem SA (ISIN: FR0000074148 - ASY), a leading Innovation and Engineering Consultancy, today announced its consolidated revenue for the six months ended 30 June 2015.
First-half 2015 consolidated revenue
and % change versus first-half 2014 (unaudited)
| In €m | H1 2014 | H1 2015 | Reported change | Organic change excl. staffing* | Organic change* |
| Group | 438.7 | 447.2 | 1.9% | 2.0% | -0.3% |
| France | 271.3 | 275.1 | 1.4% | 1.4 % | 1.4% |
| International | 167.4 | 172.1 | 2.9% | 3.4% | -3.0% |
| Energy & Infrastructure | 182.1 | 185.4 | 1.8% | 2.0% | -3.5% |
| Global Product Solutions | 256.6 | 261.8 | 2.0% | 2.0% | 2.0% |
* At constant scope of consolidation (including Radicon in 2014 first-half) and current exchange rates
Assystem achieved organic growth of 2% in the first half of 2015, excluding the decrease in revenue from staffing activities. Such growth accelerated noticeably to 3.3% in the second quarter from 0.8% in the first three months of the year.
Within the Energy & Infrastructure division, the staffing business remained on the trend seen since the fourth quarter of 2014.
In the Nuclear segment, business was stable in relation to the prior-year period and is expected to return to growth in the second half, despite delays in new-build projects in particular in the United Kingdom. In the Middle East, Radicon revenue has increased strongly as anticipated.
Growth in the Global Product Solutions division was led by the still very strong momentum in Automotive revenue.
In Aerospace, revenue declined slightly over the period due to the pace at which the segment's design business is transitioning to production and supply chain optimisation, combined with the decline in LAK[1] business. The stabilisation of the design business and the ramp up of manufacturing-related services will have a positive impact going forward.
Workforce and invoicing rate
Assystem had 11,248 employees at 30 June. The operational invoicing rate for the first-half of 2015 was 90.1%.
INVESTOR CALENDAR
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8 September 2015: First-half 2015 results released
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4 November 2015: Third-quarter 2015 revenue released
Assystem is an international Engineering and Innovation Consultancy. As a key participant in the industry for 50 years, Assystem supports its customers in developing their products and managing their capital expenditure throughout the product life cycle. Assystem employs 11,248 people worldwide and generates annual revenue of close to €900 million. Assystem SA is listed on Euronext Paris.
For more information, please visit www,assystem,com
Follow Assystem on Twitter: @Assystem
CONTACTS
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Philippe Chevallier Deputy Managing Director & Chief Financial Officer Phone: +33 (0)1 55 65 03 10 |
Nicolas Castex - Agnès Villeret Citigate Dewe Rogerson Phone: +33 (0)1 53 32 78 95 agnes.villeret@citigate.fr |
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Pauline Bucaille Vice President, Corporate Communications and Investor Relations Phone: +33 (0)1 55 65 03 08 - pbucaille@assystem.com |
First-half 2015 revenue by quarter
| In €m | Q1 2014 | Q1 2015 | Reported change | Organic change excl. staffing* | Organic change* |
| Group | 221.6 | 222.3 | 0.3% | 0.8% | -1.7% |
| France | 136.6 | 137.3 | 0.5% | 0.5% | 0.5% |
| International | 85.0 | 85.0 | 0.1% | 1.5% | -5.0% |
| Energy & Infrastructure | 91.9 | 92.4 | 0.5% | 1.9% | -4.1% |
| Global Product Solutions | 129.7 | 129.9 | 0.2% | 0.2% | 0.2% |
| In €m | Q2 2014 | Q2 2015 | Reported change | Organic change excl. staffing* | Organic change* |
| Group | 217.1 | 224.9 | 3.6% | 3.3% | 1.0% |
| France | 134.7 | 137.8 | 2.3% | 2.3% | 2.3% |
| International | 82.4 | 87.1 | 5.7% | 5.3% | -1.0% |
| Energy & Infrastructure | 90.2 | 93.0 | 3.1% | 2.2% | -2.9% |
| Global Product Solutions | 126.9 | 131.9 | 3.9% | 3.9% | 3.9% |
* At constant scope of consolidation (including Radicon in the first two quarters of 2014) and current exchange rates
[1] Leiharbeitskraft activities correspond to the secondment of engineers to a customer facility in Northern Germany
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
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