ASSYSTEM : First-quarter 2017 consolidated revenue up 13% on year

          
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)

* 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: @Assystem

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