ASSYSTEM : First-quarter 2016 consolidated revenue, Total organic growth: 5.6%

First-quarter 2016 consolidated revenue

• Total organic growth: 5.6%
• Organic growth for Automotive: 29.7%

Paris, 28 April 2016, 5.35 p.m. CET - Assystem S.A. (ISIN code: FR0000074148 - ASY), a leading player in engineering, today released its consolidated revenue figures for the three months ended 31 March 2016 (first-quarter 2016).

First-quarter 2016 consolidated revenue
and year-on-year changes (unaudited)

* Based on a comparable Group structure and constant exchange rates.

Consolidated revenue advanced 6.1% in the first quarter of 2016 (with organic growth of 5.6%), confirming the upward trend observed during the second half of 2015. Changes in scope of consolidation had a 0.8% positive impact during the period while the currency effect was a negative 0.3%.

GLOBAL PRODUCT SOLUTIONS

Revenue generated by Global Product Solutions in the first quarter of 2016 climbed 11.1% to €142.0 million and accounted for 60.2% of total consolidated revenue for the period. The year-on-year growth figure breaks down as 10.3% 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 0.4% negative currency effect.  

Revenue from Aerospace activities came to €83.4 million, up by a strong 4.2% (4.9% on an organic basis). This performance was driven by growth posted by activities dedicated to manufacturing processes.

Automotive activities reported a 34.2% jump in revenue (29.7% on an organic basis) to €46.9 million, reflecting the fact that our well-adjusted offerings have enabled us to capitalise on the current buoyant context for the automotive engineering market.

ENERGY & INFRASTRUCTURE

Revenue for the Energy & Infrastructure business held firm in the first three months of 2016, coming in at €76.8 million and contributing 32.6% of the consolidated total.

Revenue posted by Nuclear activities amounted to €45.5 million, up 1.3% at constant exchange rates. However, excluding the effect of the contraction in revenue generated with the Areva group (an effect which is expected to diminish over the course of 2016), the growth figure was 6.7%. This reflects the momentum seen for operations carried out at the installed base of civil nuclear reactors.

Other Energy & Infrastructure activities reported €31.3 million in revenue, down 2.2% year on year at constant exchange rates. These activities were particularly affected during the period by the impact on Radicon's revenue of the difficult operating context in Saudi Arabia.

STAFFING

At €14.6 million (representing 6.2% of the consolidated total), revenue for the Staffing business in first-quarter 2016 was 5.7% lower than in the comparable prior-year period. However, it was stable compared with the last two quarters of 2015 as the positive effects currently being felt in this business thanks to measures taken to diversify the customer base and geographic reach have now offset the impact of unfavourable market conditions in the oil & gas sector.

HEADCOUNT

The Assystem Group had 11,776 employees at 31 March 2016, representing a net increase of 223 people compared with 31 December 2015.

2016 FINANCIAL CALENDAR

• 24 May: Annual General Meeting.
• 28 July: Press release for first-half 2016 revenue.
• 13 September: Press release for first-half 2016 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 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: @Assystem

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