Aubay Reports Group Revenue Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Earnings Guidance for the Second Half of 2013 and for the Full Year of 2014
For the year the group reported revenue of 211.0 million against 1190.4 million reported a year ago.
For the second half of 2013 the company expected operating margin at close to 10% despite the integration of two acquisitions whose respective levels of profitability were very much lower than that of the group. As a result, the group will exceed its initial yearly objective in terms of operating profitability of 17 million, and is now targeting a current operating income of around 17.4 million for a current operating margin of 8.25% (i.e. which is higher than in both 2012 and 2011).
For the year 2014 the company intended to complete the definitive and lasting return to profitability of its latest acquisitions in order to achieve a current operating income of over 20 million for the year.