Regulatory News:
ESR (Paris:ESRP)
Consolidated revenue in € M | 2006 * | 2006 ** | 2007 | Change ** | ||||
1st Quarter | 20.7 | 19.7 | 19.1 | -3.0% | ||||
2nd Quarter | 19.0 | 18.2 | 19.4 | +6.6% | ||||
3rd Quarter | 18.6 | 17.6 | 18.8 | +6.8% | ||||
4th Quarter | 21.0 | 19.5 | 19.2 | - 1.5% | ||||
Full fiscal year | 79.3 | 75.0 | 76.5 | +2.0% |
* As previously released, including Valexa
** Proforma excluding Valexa and basis for change percentage
In fiscal year 2007, the ESR Group achieved a consolidated revenue of € 76.5 million, or a 2.0% increase on a proforma basis. The contribution of Valexa, a subsidiary sold in July, 2007 is not shown any longer in the consolidated revenue (as from January 1st, 2007). Therefore, the only comparison that allows a clear perception of the group's progress in its present configuration is without Valexa in 2006.
In the 4th quarter, sales reached € 19.2 M, close to the historical high point of the group. Without the negative business impact of the labour unrest that affected the French public transport system in the 4th quarter, revenue would have been higher by € 0.5 million.
Many large deals were signed in the 4th quarter. They aptly illustrate the marketing dynamism and the competencies of the workforce. They include:
- provisioning, support and checking of authorizations to access business applications for the whole of a subsidiary of a large energy group in the Lyon region
- administration and security management, on an outsourcing basis, for a major telecommunications group in the environments of development, integration, acceptance, pre-operation and operation
- Monitoring of an operator network, 24/7, for a major telecom equipment manufacturer, under a contract covering several years.
In the second half-year, ESR continued to improve its balance sheet structure. Overall net indebtedness of the group (including rescheduled taxes and social security charges due, and offset by cash) dropped to € 15.3 million as against € 17.7 million on June 30th.
(In € M - unaudited) | 30/06/2007 (*) | 30/06/2007 (**) | 31/12/2007 | |||
Factoring debt | 12.3 | 12.3 | 12.5 | |||
Bank debt | 3.5 | 3.5 | 2.4 | |||
Rescheduled taxes and social charges debt | 4.5 | 2.8 | 1.7 | |||
Gross total debt (a) | 20.3 | 18.6 | 16.6 | |||
Gross cash (b) | 2.6 | 2.6 | 1.3 | |||
Net total debt (a-b) | 17.7 | 16.0 | 15.3 |
* Book figures, not including proceeds from sale of Valexa
** Proforma: including proceeds from sale of Valexa
Now refocused on its core business, revived and fully mobilized to act, ESR steps into 2008 with equanimity. It should be led into a new stage in its expansion, combining growth and improved profitability, by its definitely brisk market, by the acknowledged efficiency of its workforce and by its ambition for excellence and industry leadership.
On April 22nd, 2008 after stock exchange close, ESR will release its 2007 fiscal year results.
Shareholders' information of the ESR Group available on www.esr.fr
ESR is a major player of the IT infrastructure market. The group also develops high added value consulting expertises on IT systems security and storage.
Clients of the group are the largest institutions in the sectors of telecoms, bank and insurance, services, industry and public sector.
ESR covers all the French national market and follows his clients abroad.
ESR - 2, rue de Paris - 92190 Meudon - France - Tél: +33.(0)1.47.65.14.00
Section C - Eurolist by Euronext Paris - ISIN FR0000072969 – ESRP
ESR
Jean-Guy Barboteau
Chairman & CEO: jean-guy.barboteau@esr.fr
or
Florent
Barboteau
Managing Director: florent.barboteau@esr.fr