Aubay Group Reports Consolidated Earnings Results for the Year Ended December 31, 2016
March 15, 2017 at 02:10 pm EDT
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Aubay Group reported consolidated earnings results for the year ended December 31, 2016. For the year, the company reported revenue of €326,400,000 against €273,820,000 a year ago. Current operating income was €31,500,000 against €25,980,000 a year ago. Operating income was €30,028,000 against €24,446,000 a year ago. Net income from consolidated companies was €21,274,000 against €16,044,000 a year ago. Group net income was €21,274,000 against €15,903,000 a year ago. Earnings per share were €1.63 against €1.22 per share a year ago. Group cash flow increased to €34.3 million compared with a figure of €26.7 million for the same period in 2015. Net cash flow linked to operations was stable at €16.4 million as against €16.3 million in 2015, linked to a higher change in WCR of €8.7 million which in turn is tied to the strong growth in revenues.
Aubay is a computer services company. The group's activity is organized into four sectors:
- technological advice: advice given on choice of technologies to use when designing the technical architecture of information systems, setting up technology networks, security and application solutions (CRM, human resources, etc.), etc.;
- engineering services: integration of solutions and systems, project management and applications development, etc.;
- maintenance services;
- outsourcing services.
Net sales are distributed by market as follows: banking (38.5%), insurance (20.1%), telecommunication and media (14.5%), services and health (13.1%), administration (5.9%), industry and transport (5.6%), trade and distribution (2.3%).
Net sales are distributed geographically as follows: France and the United Kingdom (52.5%), Spain and Portugal (22.6%), Italy (20.4%), and Benelux (4.5%).