Groupe Open Announces Earnings Results for the Six Months Ended June 30, 2018; Provides Earnings Guidance for Year 2018 and 2019/2020
Groupe Open announced earnings results for the six months ended June 30, 2018. For the period, the company reported revenue was 165 million against 157.2 million a year ago. Operating profit was 12.1 million against 11.6 million a year ago. Operating profit was 12.1 million against 10.2 million a year ago. Net profit of operations was 7.4 million against 5.6 million a year ago. Net profit was 7.2 million against 5.6 million a year ago.
For the whole of 2018, the company forecasts revenue growth higher than that of the market (consulting and services +3.5% - Syntec Numérique) and improved profits.
The company confirms its clear visibility for the future of its operations and operating margin for 2019/2020, and maintains its target of 10%.