Assystem SA Reports Unaudited Consolidated Revenue Results for the Third Quarter and the Nine Months Ended September 30, 2016; Provides Earnings Guidance for the Full Year of 2016
For the nine months, the company's revenue was EUR 701.3 million against EUR 666.1 million for the same period last year. Revenue rose by a strong 5.3%, breaking down as 5.5% in organic growth, a 0.9% increase due to changes in scope of consolidation and a 1.1% negative currency effect.
The company provided earnings guidance for the full year of 2016. As well as its target for organic revenue growth at constant exchange rates, the group is standing by its other targets for full-year 2016, which are as follows: to achieve a higher EBITA margin than the 6.4% of revenue reported in 2015, and to generate free cash flow representing circa 4% of revenue.