SQLI Reports Turnover Results for the Month of June 2016; Provides Financial Guidance for Fiscal 2016
SQLI reported turnover results for the month of June 2016. The company reported turnover of 95.6 million at the end of June 2016, up 7.1% on 95.6 million for the first half of 2015. Growth was almost exclusively organic, with the acquisition of InventCommerce's activities in April 2016 only having a marginal impact on the second quarter. The Group benefited from a positive effect on business days during the period (+3 days) which offset a particularly demanding base effect.
Buttressed by this sales performance and the careful management of its operating performance indicators, SQLI has confirmed its current operating margin target of at least 8% between now and the end of the year. It is also looking forward to a substantial improvement on the 5% margin achieved at the end of June 2015 as of the first half of 2016.