GROUPE OPEN Turnover for Q3 2014: up 7.1%Confirmation of Groupe Open's
growth forecastParis, 23rd October 2014 - Groupe Open (ISIN: FR 0004050300; NextEconomy segment-
972, IT services), digital services companies (ESN), reveals its turnover for Q3 2014.
In millions of € | 2014 | 2013 | Growth | |
Q1 | 66.5 | 63.1 | 5.4% | |
Q2 | 64.9 | 60.0 | 8.2% | |
Q3 | 62. | 3 | 58.1 | 7.1% |
TOTAL | 193.7 | 181.2 | 6.9% |
In millions of € | 2014 | 2013 | Growth | |
Q3 | France | 56.4 | 53.3 | 5.9% |
International | 5.8 | 4.8 | 20.7% | |
Total | 62. | 3 | 58.1 | 7.1% |
TOTAL | France | 176.0 | 166.2 | 5.9% |
International | 17.7 | 15.1 | 17.3% | |
Cumulative 9 month total | 193.7 | 181.2 | 6.9% |
In line with previous forecasts, Groupe Open saw its turnover increase signifi cantly once again in
the third quarter of 2014, rising by 7.1%, including calendar effect representing -1.6%.
3.7% organic growth,
despite a
negative
For the first 9 months of 2014 growth averaged at +6.9%, of which +5.3% was organic.
This increase in turnover in Q3 can be attributed to the continued improvement of resource usage
rates, the stability workforce.
of the Average Daily
Rate and the increase in Group e Open's p oductive
International activity continues to grow steadily, up by 20.7% in this quarter.
During this period Groupe Open has considerably strengthened the positioni ng of its expertise in the field of SMACS technologies (Social, Mobility, Analytics, Cloud & Security). Backed by the
company's established reputation as a leading provider of Industrial and Di gital Transformation
for businesses, Groupe Open
has succeeded in winning a series of increasingly large-scale
contracts, most notably in the banking and energy sectors.
As part of the streamlining plan announced during the presentation of the company's half-year results in September, at the end of that month Groupe Open sold off its consulting branch PEA Consulting in order to refocus its energies on its core activities in the Banking and Insurance sectors.
Turnover figures for 2013 and 2014 have thus been revised to take this change into account, as the transaction should have a positive impact on income.
Future Prospects
Q3 2014 saw a continuation of the trends observed in the preceding quarters, with a rate of organic growth well above the market average.
This dynamic looks set to continue in the coming months, allowing Groupe Open to confidently maintain its forecast of significant growth in both turnover and operating profit in 2014, accompanied by an increase in the company's operating margin.
CONTACTS:
Nathalie MREJEN - Financial CommunicationsTel: 01 40 53 36 00 nathalie.mrejen@open-groupe.com
Roxane Planas - Agence Image7Tel: 01 53 70 74 18
rplanas@image7.fr
About Groupe Open
Groupe Open is a leading player in Industrial and Digital Transformation for businesses. It is present mainly in France, but also has international operations in Belgium, the Netherlands, Luxembourg, Spain and China.
Listed on the Stock Exchange, Groupe Open is among the top ten French digital service companies, offering Consulting, Application Services and Infrastructure Services with a unique combination of Professionalism and Proximity, Value and
Innovation.
In order to respond better to the priorities of its clients and their need to be competitive at all times, Groupe Open's strategy is based on continually boosting its value added and its capacity for Innovation.
Groupe Open's stated ambition is to consolidate its position among the leading digital service companies in France, building for the future while remaining true to its core values: Relevance, Audacity, Ethics & Responsibility, Passion and Commitment.
Find out more at: www.open-groupe.com
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