First-Quarter 2015 Revenue
(Paris - 30 April 2015, 5:35 p.m.) - Assystem S.A. (ISIN: FR0000074148 - ASY), a leading Innovation and Engineering Consultancy, today announced its consolidated revenue for the first quarter of 2015, which ended 31 March.
First-quarter 2015 consolidated revenue
and % change versus 2014 (unaudited)
| €m | Q1 2014 | Q1 2015 | Reported change | Organic change* excluding 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 | +0.0% | +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% |
* At constant scope of consolidation (including Radicon in first-quarter 2014) and current exchange rates
Reported consolidated revenue for the first three months of 2015 was driven by the consolidation of Radicon and the 0.8% organic growth over the period, excluding the 2.5% impact of the decline in revenue from staffing activities. The latter was caused by the business' ongoing geographic refocusing, as announced, and by the unfavourable market environment in Oil & Gas.
The Energy & Infrastructure division delivered satisfactory organic growth excluding the staffing business. In the nuclear segment, while business on existing reactors remained firm, the prevailing uncertainty surrounding new-build progress schedules is impacting short-term growth visibility. In the Middle East, Radicon reported strong year-on-year growth.
The Global Product Solutions division turned in a mixed performance. The Automotive business enjoyed brisk growth in France, Germany and the United Kingdom. In aerospace, the transition from the design business to production and supply chain optimisation is taking longer than expected. In addition, the division felt the impact of the slowdown in the German LAK[1] business, related to the restructuring of this low margin activity.
Workforce and invoicing rate
Assystem had 11,140 employees at 31 March 2015, representing a net increase of 348 people since year-end 2014. The operational invoicing rate stood at 89.9% for the period.
INVESTOR CALENDAR
- 22 May 2015: Annual General Meeting
- 30 July 2015: Second-quarter 2015 revenue released
- 8 September 2015: Interim 2015 results 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 nearly 12,000 people worldwide and reports nearly €900 million in revenue. The Company is listed on NYSE Euronext Paris.
For more information: www.assystem.com
Follow Assystem on Twitter: @Assystem
CONTACTS
| Philippe Chevallier 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 |
| Pauline Bucaille VP, Communications & Investor Relations Phone: +33 (0)1 55 65 03 08 - pbucaille@assystem.com |
[1] Leiharbeitskraft activities involve the seconding of engineers to a customer facility in Northern Germany
