A year of remarkable growth: +7.9% with +6.2% being organic growth, and +9.1% in France

2016 Turnover: €305 million

A year of remarkable growth: +7.9% with +6.2% being organic growth, and +9.1% in France

Paris, 24 January 2017 - GROUPE OPEN (ISIN: FR 0004050300; NextEconomy segment - 972, information technology services), a Digital Service Company, publishes its turnover for 2016.

In € million	2016		2015		Growth
	France	Consolidated	France	Consolidated	France	Consolidated
Q1	70.5	76.4	65.4	71.6	+7.7%	+6.6%
Q2	70.9	76.5	63.5	70.2	+11.6%	+9.0%
Q3	65.1	70.6	60	65.3	+8.5%	+8.0%
Q4	75.4	81.3	69.4	75.2	+8.7%	+8.1%
TOTAL	281.9	304.7	258.3	282.3	+9.1%	+7.9%

Groupe Open has confirmed its turnover growth of +7.9% in 2016, with +6.2% being organic. These results remain well above the rest of the market, with estimated growth of +2.5% in the Consulting and Service company sector (source: Syntec Numérique).

In France, Groupe Open's performance was remarkable, rising by +9.1%, with +7.3% being organic growth.

This turnover growth trend continued in Q4 at +8.7%, with +4.6% being organic growth.

Turnover in 2016 thus amounted to €304.7 M, in line with Groupe Open's announcements in its previous publications.

It was driven mainly by the energy, service & transportation and banking/insurance/finance sectors in which Groupe Open has won significant contracts.

Thanks to the newly won UGAP (central public purchasing body) contract for Application Project Management Support (with Atos), the public sector - which is speeding up its digital transformation - should be a source of significant growth for Groupe Open in 2017.

At 3,600 employees, Groupe Open's productive workforce rose in relation to 2015 - the result of a prudent recruitment policy, which led to the integration of 850 new productive employees in 2016.

To support its growth targets and ensure the success of its Strategic Plan 2020, the Board of Directors, by virtue of the authorisation granted by the General Meeting of 29 December 2016, has decided to involve the company's management and give it a share of profits through the allotment of ordinary and preference shares free of charge.

This allotment, subject to attendance and performance conditions to the horizon of 2019, could lead to the creation or allotment of up to 381,182 treasury shares (4.4% of capital). To date, Groupe Open holds 202,714 treasury shares acquired as part of its share buyback plan, which can be allotted when the above-mentioned shares are converted / acquired. Groupe Open will be continuing its share buyback policy in order to allot these shares as part of this plan.

Summary and Prospects

In line with expectations, turnover for 2016 amounts to €304.7 million; the results for 2016 are expected to have risen very significantly.

This year has been marked by many success stories covering both dimensions of the Group's positioning: IT Industrialisation and Rationalisation associated with Digital Transformation.

This was "Year 1" of its Strategic Plan 2020 aiming to achieve turnover of €500 million and Current Operating Income of 10% in 2020, with healthy prospects for increasing its results in the years to come.

The strong organic growth recorded will be consolidated by the next round of acquisitions expected to take place in 2017.

The financial results for 2016 will be published on 15 March 2017 after the close of the stock exchange and commented on by Valérie Benvenuto, Frédéric Sebag and Guy Mamou-Mani at the meeting to be held on 16 March 2017. Nathalie Mrejen - Communications

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About Groupe Open

With 3,650 employees and turnover of €305M in 2016, Groupe Open is a leader in digital services. Working to deliver Industrial and Digital Transformation for businesses, Open operates mainly in France and has international activities Belgium, the Netherlands, Luxembourg and China.

Listed on the stock exchange, Groupe Open ranks among France's largest digital services firms (ESN), and boasts a digital offering on three levels: extending the scope of our activities to combine IT services and digital innovation in an end-to-end service; providing an online sales platform which offers direct access to Groupe Open's services; running a technological innovation platform for use by both clients and staff.

The Groupe Open approach is resolutely forward-looking and built around its corporate values: Pertinence, Audacity, Ethics and Responsibility, Passion and Commitment - www.open-groupe.com