Groupe Open : 2018 third quarter turnover

2018 third quarter turnover€75 million | +3.6%

Paris, 18 October 2018-Groupe Open (ISIN:FR 0004050300; segmentNextEconomy-972, computer services), Digital Services Company, has published its turnover for the third quarter of 2018.

In € millions	2018	2017	Growth
1stquarter	85.1	81.2	+4.8%
2ndquarter	79.9	76.0	+5.1%
3rdquarter	75.0	72.4	+3.6%
TOTAL	240.0	229.6	+4.5%

In € millions	2018	2017	Growth
3rdquarter	France	71.6	69.8	+2.7%
International	3.4	2.6	+29.9%
Total	75.0	72.4	+3.6%
TOTAL	France	229.9	221.5	+3.8%
International	10.1	8.0	+25.9%
9-month aggregate	240.0	229.6	4.5%

In the third quarter, Groupe Open again increased its turnover by 3.6%, of which 3.1% was organic.

In the first nine months of 2018, growth reached 4.5%, of which 4.0% was organic.

Productive headcount at the end of September 2018 was 3,670, which was stable compared with September 2017.

The actions taken since the start of this year in the realm of Human Resources management will favour the prospect of a rise in headcount on 31 December 2018.

Outlook

For the whole of 2018, Groupe Open forecasts turnover growth higher than that of the market(consulting and services +3.5% - Syntec Numérique)and profits comparable with those posted in 2017.

The target of the Open2020 strategic plan is €500 million ofturnover and an operating profit of 10%. In view of the shortage of targets for acquisition that meet the required criteria in terms of quality, management values and prices, Groupe Open will revise in the first quarter of 2019 its Open2020 strategic plan in the first quarter.

The revised plan will be submitted to the Board of Directors and will be published with comments at the meeting presenting the annual results in March 2019.

Based on a target of €400 million of turnover and an operating profit maintained at 10% in 2020, the revised plan will be a combination of organic growth and targeted acquisitions.

Regarding the turnover target, the Human Resources policy, combined with the numerous businesswins scored in recent months, confirm Groupe Open's clear vision of organic growth significantly higher than that of the market.

Continuing the directions set forth in the initial strategic plan, the achievement of the operating profit target is based on:

• - the continued growth of activities in the Service Centres,

• - the development of digital operations to a significant scale,

• - the high added-value solutions activities,

• - the stability of structural costs, since the major investments were already made in 2017 and 2018.

The 2018 annual turnover will be announced by press release on

Thursday 24 January 2019 after close of business.

Nathalie Mrejen-Communication

Tel : [phone]

About Groupe Open

With3,775 employeesand a turnover of€314min 2017, Open is positioning itself as amajor player in digital services, operatingmainly in France and internationally in the Netherlands, Luxembourg and Romania.

Open supports firms and organizations in their industrial and digital transformation with an end-to-end IT and digital offering that is effective along the entire corporate value chain. Its aim is to transform the information systems of its customers to fulfil the needs of their digital transformation, control and cost-efficiency by addressing the issues of time to market, agility, speed and experimentation.Open is committed to a future-oriented approach by adopting the following corporate values: Applicability, Daring, Ethics & Accountability, Dedication and Commitment.

To learn more about the Open Group:www.open.global

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