#Communiqués Financiers

REVENUE 1ST QUARTER 2014 : +5,3 %

Continued strong organic growth, driven by Services

Bagnolet, May 21, 2014

Turnover (in M€) 2014 2013 Variation 2014 / 2013
– Services 37,2 34,1 + 9,3 %
– Softwares 1,9 3,0 – 39,3 %
Total turnover as at March 31 39,1 37,1 + 5,3 %

Strong growth in Services in Q1

Infotel announces revenue of €39.1 million in the 1st quarter of 2014, up 5.3% on a fully organic basis compared to the first quarter of 2013. The continuation of a sustained growth rate, driven over the period by the performance of Services (+9.3%), put Infotel above the expected estimates for the IT sector market (+1.1% in 2014, Source Syntec).

The Services division (95% of total revenue) posted revenue of €37.2 million in the 1st quarter, up 9.3%. This positive development is based on the good momentum of service centre openings, particularly in the banking sector, and on the solid development of the mobility offer. The rate of intercontracts remained low, averaging about 2% over the quarter.

The Software division (5% of total revenue) totalled €1.9 million in revenue over the period. As anticipated, this evolution represents a return to a normative level of royalties (-45.6% vs Q1 2013), compared to an exceptional first quarter of 2013 (+49.2% vs Q1 2012). At the same time, Infotel is pursuing actions, particularly internationally, aimed at expanding distribution partnerships for its products.

The Group’s financial position is solid with €50.5 million in equity, no debt and a cash level of more than €30 million (as at 31 March 2014).

Infotel confirms its growth and margin security objectives for the current year.

Today’s Annual General Meeting approved the payment of a dividend of €3.5 per share, which is scheduled to be paid on 30 May 2014.

Next appointment:
Publication of revenue for the 2nd quarter of 2014: July 30, 2014 (after the stock market)

About Infotel

Listed on Compartment C of Euronext Paris since January 1999 (Isin code FR0000071797), Infotel is the specialist in key account management systems, from mobile to very large volume databases (Big Data).

At the forefront of technological innovations, Infotel develops its expertise around two complementary areas of expertise: IT services and software publishing. With more than €142 million in turnover in 2013, Infotel has more than 1,500 employees.

Michel Koutchouk Co-founder