SII Group reported audited earnings results for fiscal 2013. For the period, the company reported revenue of €284.8 million against €259.3 million a year ago. Income from ordinary operations was €18.5 million against €19.6 million a year ago. Operating income was €18.1 million against €18.7 million a year ago. Consolidated net income was €10.3 million against €10.7 million a year ago. Following a marked increase in business during the first nine months, growth slowed in France in the fourth quarter, as it was affected by the general economic slowdown and an adverse calendar with two fewer business days than the fourth quarter of fiscal 2011-2012. The company benefited from the recognition of business value-added taxes in corporate income tax and from the impact of Employment Tax Credits (CICE) in the last quarter. In spite of continued problems with late payments in Spain, SII raised its operating cash flow by €3.5 million and its free cash flow by €8.4 million, bringing net cash on March 31, 2013 to €12.9 million, from €10.4 million a year earlier.

The company provided financial outlook for fiscal 2014. With economic instability making forecasts difficult in its principal sectors, the Group will seek to continue generating more revenue and income in fiscal 2013-2014. It expects to benefit from the sustained growth of its international operations, whose share of consolidated revenue should reach 30% by the end of the current year. This increase will help it maintain its margins and mitigate the effects of the current business slowdown in France.