SII : Fiscal 2021-2022 third quarter revenue
10 Februar 2022 - 6:00PM
SII : Fiscal 2021-2022 third quarter revenue
Paris, February 10, 2022 – 6 p.m.
Fiscal 2021-2022 third quarter
revenue: €589.0m
Continued growth in France in Q3:
+16.1%Acceleration in International revenue in Q3: +34.7%
Growth target raised
further: >
22%€800m
in financial year revenue
expected
SII Group, which specialises in
engineering business, has announced its third quarter revenue
for
2021-2022
financial year.
Eric Matteucci, Chairman of the Management
Board, commented: “The third quarter of the 2021-2022 financial
year extended the performance achieved in the first half. SII
Group’s growth remained strong in France and accelerated
internationally. All our sectors and regions contributed to this
growth. These solid figures have led us to raise our guidance for
the full-year 2021-2022, with revenue expected to exceed €800
million. Many thanks should be delivered to all our teams.”
In
€m3rd
quarter (to
December
31) |
2020-2021 |
2021-2022 |
Change |
Organic*change |
First quarter revenue |
147.43 |
187.16 |
+26.9% |
+27.1% |
Second quarter revenue |
153.78 |
189.14 |
+23.0% |
+24.0% |
Third quarter revenue |
169.39 |
212.66 |
+25.5% |
+25.9% |
Nine-month revenue |
470.60 |
588.96 |
+25.2% |
+25.7% |
Of which: France |
223.73 |
273.32 |
+22.2% |
+22.2% |
Of which: International |
246.87 |
315.64 |
+27.9% |
+28.9% |
* excluding acquisitions and the effect of
exchange rate (2020-2021 exchange rates applies to 2021-2022
revenue)
SII Group, a specialist in engineering
businesses, generated its highest ever revenue in the third
quarter, at €212.7 million, up 25.5% year on year. This was the
first time SII Group’s quarterly revenue exceeded
€200 million. Over the first nine months of the year, revenue
increased by 25.2% to €589.0 million.
Very dynamic activity in
France
In France, SII Group’s third quarter revenue
came to €97.0 million, an increase of 16.1% year on year. All
business sectors contributed to performance despite the uncertain
backdrop of the health crisis and calls for companies to extend
home-working.
Over the first nine months of the financial
year, revenue in France came to €273.3 million, up 22.2%.
Continued
acceleration
in international growth
In its International business, SII Group
generated a record level of revenue, with €115.7 million for the
period from October to December, representing organic growth of
35.3%. Over nine months, revenue totaled €315.6 million, up 27.9%.
All countries made a positive contribution over the quarter,
including Germany (+3%). Other countries all achieved double-digit
growth: Poland (+40%), Spain (+24%), Romania (+88%), Chile (+31%),
Canada (+25%), United Kingdom (+61%), Morocco (+48%), Czech
Republic (+91%), Colombia (+29%) and the Netherlands (+15%).
Belgium recorded organic growth of 10% and multiplied its revenue
by 2.3x with the consolidation of ANANKEI BV over two months
following its acquisition by SII Group in late October 2021.
Prospects
The performance delivered by SII Group in the
third quarter confirms its uninterrupted growth since the start of
the 2021-2022 financial year. Although the economic and health
situations remain uncertain, current business trends have led SII
Group to raise its targets. Provided the health crisis and economic
conditions remain on track, over FY 2021-2022 SII Group expects to
achieve organic growth in revenue of at least 22%, instead of 15%
as announced on November 9, 2021, with annual revenue of more than
€800 million. SII Group also expects its full year operating margin
to outstrip pre-Covid levels (year ended 31 March 2019).
***
Next financial
announcement:
Fiscal 2021-2022 annual revenue, Thursday, May
12, 2022 after the closing market
-
Contacts:
SII - Eric Matteucci:
+33(0)142 848 222
Financial Press Contact: CIC Market Solutions -
Stéphanie Stahr: +33(0)153 488 057
-
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About SII
Serving as a true partner for technology
matters, SII Group provides solutions with added value to projects
at major companies. Relying on teams of expert engineers and
methods applying the highest quality standards, SII’s business has
a balanced focus on:
- Technology
consulting (IT, electronics, and telecoms),
- Digital services
(technical IT and networks).
SII Group has organized itself to offer the
responsiveness and flexibility of personalized service. SII has
nine offices in France serving as profit centers with robust
operational resources and the ability to support major
international clients, serving companies in 18 countries on four
continents.
In the 2020-2021 financial year, which ended on 31
March, SII Group recorded revenues of €654.2 million.
ATTACHMENT:
Revenue by quarter
In €m |
Q1 2021-2022 |
Q2 2021-2022 |
Q3 2021-2022 |
Nine-month2021-2022 |
France |
90.24 |
86.10 |
96.98 |
273.32 |
Changeof which organic* |
+33.6%+33.6% |
+18.5%+18.5% |
+16.1%+16.1% |
+22.2%+22.2% |
International operations |
96.92 |
103.04 |
115.68 |
315.64 |
Changeof which organic* |
+21.4%+21.6% |
+27.0%+28.9% |
+34.7%+35.3% |
+27.9%+28.9% |
SII Group total |
187.16 |
189.14 |
212.66 |
588.96 |
Changeof which organic* |
+26.9%+27.1% |
+23.0%+24.0% |
+25.5%+25.9% |
+25.2%+25.7% |
*: excluding
acquisitions and the impact of exchange rate fluctuations (previous
year’s rates applies to current
year’s revenue)
- SII - AF_CA_T3_2021_2022_EN
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