Revenue for third-quarter 2020 and the nine months ended
Consolidated revenue and year-on-year changes (unaudited)
In millions of euros | Q3 2019 | Q3 2020 | Total year-on-year change | Like-for-like year-on-year change * | |
Group | 116.5 | 115.2 | -1.2% | -1.1% | |
Energy & Infrastructure | 104.2 | 106.6 | +2.3% | +0.1% | |
Staffing | 10.8 | 8.6 | -20.4% | -13.2% | |
Other** | 1.6 | - | - | - | |
In millions of euros | Nine months ended | Nine months ended | Total year-on-year change | Like-for-like year-on-year change * | |
Group | 363.0 | 344.7 | -5.1% | -6.8% | |
Energy & Infrastructure | 324.1 | 312.8 | -3.5% | -6.1% | |
Staffing | 33.5 | 28.8 | -14.1% | -12.1% | |
Other** | 5.4 | 3.1 | - | - |
* Based on a comparable scope of consolidation and constant exchange rates.
** The business corresponding to the “Other” segment has been deconsolidated since
Assystem’s business was affected by the Covid-19 pandemic in the first half of 2020, particularly during the national lockdown in
In the third quarter of 2020, Assystem’s revenue contracted by just 1.2%, breaking down as a 1.1% like-for-like decrease, a positive 1.5% impact from changes in the scope of consolidation, and a significant 1.6% negative currency effect.
For the first nine months of 2020, Assystem’s consolidated revenue amounted to €344.7 million, down 5.1% year on year, with a 6.8% like-for-like decrease, a 2.0% positive impact from changes in the scope of consolidation and a negative 0.3% currency effect.
ENERGY & INFRASTRUCTURE
Revenue generated by the Energy & Infrastructure (E&I) division came to €106.6 million in the third quarter of 2020, up 2.3% year on year. Like-for-like growth was 0.1%, changes in the scope of consolidation had a 3.2% favourable impact (mainly stemming from Asco, which has been consolidated since
The performance delivered by Nuclear activities confirmed the positive trend seen since the month of June, with revenue coming in at €73.6 million, representing a 3.9% year-on-year increase driven by business in
For Energy Transition and Infrastructures (ET&I), the third quarter of 2020 saw a gradual return to normal business levels, particularly in Project Management and for Radicon in
STAFFING
Revenue for the Staffing division – which has been lastingly affected by border closures implemented as a result of the pandemic – fell 13.2% on a like for like basis in third-quarter 2020. This like-for-like decrease was exacerbated by a particularly adverse currency effect during the period, which had a 7.2% negative impact on the division’s revenue.
NEW TARGETS FOR FULL-YEAR 2020 AND OUTLOOK FOR 2021
As expected, Assystem’s E&I division returned to the growth path in the third quarter of 2020.
However, the consequences of the Covid-19 pandemic are continuing to weigh on the Staffing division and the performance of the K.A.CARE contract. In addition, the contingencies in
Assystem’s new targets for full-year 2020 are as follows:
- In view of the above factors and the probable negative currency effect(1) on revenue for the second half of the year, consolidated revenue of between €470 million and €475 million(2), compared with the previous target of €485 million.
- EBITA margin of between 5.2% and 5.3%, compared with the previous target of 5.0%.
These targets do not take into account the consequences of any further full lockdowns due to Covid-19 in the main regions where
FINANCIAL CALENDAR
3 February 2021 : Full-year 2020 revenue release16 March 2021 : Full-year 2020 results release – Presentation meeting on 17 March at8.30 a.m. (CET) 4 May 2021 : First-quarter 2021 revenue release27 May 2021 : Annual General Meeting
ABOUT
For more information please visit www.assystem.com / Follow Assystem on Twitter: @Assystem
CONTACTS
CFO & Deputy CEO Tel.: +33 (0)1 41 25 28 07 Communications Director acdagorn@assystem.com Tel.: +33 (0)6 83 03 70 29 | Investor relations - Komodo agnes.villeret@agence-komodo.com Tel.: +33 (0)6 83 28 04 15 |
QUARTERLY REVENUE
In millions of euros | Q1 2019 | Q1 2020 | Total year-on-year change | Like-for-like year-on-year change* |
Group | 125.8 | 122.9 | -2.2% | -5.3% |
Energy & Infrastructure | 112.2 | 110.3 | -1.7% | -4.8% |
Staffing | 11.5 | 10.9 | -5.1% | -7.1% |
Other | 2.1 | 1.7 | - | - |
In millions of euros | Q2 2019 | Q2 2020 | Total year-on-year change | Like-for-like year-on-year change * |
Group | 120.7 | 106.6 | -11.7% | -13.7% |
Energy & Infrastructure | 107.7 | 95.9 | -11.0% | -13.3% |
Staffing | 11.3 | 9.3 | -17.2% | -16.3% |
Other | 1.8 | 1.4 | - | - |
In millions of euros | Q3 2019 | Q3 2020 | Total year-on-year change | Like-for-like year-on-year change * |
Group | 116.5 | 115.2 | -1.2% | -1.1% |
Energy & Infrastructure | 104.2 | 106.6 | +2.3% | -0.1% |
Staffing | 10.8 | 8.6 | -20.4% | -13.2% |
Other | 1.6 | - | - | - |
*Based on a comparable scope of consolidation and constant exchange rates.
(1) Based on currently prevailing exchange rates.
(2) Compared with consolidated revenue of €497.5 million in 2019.
Attachment
Assystem Q3 Revenue 2020
© OMX, source