SII : Annual Financial statements 2021-2022
Paris, June 7, 2022 – 6 p.m.
Annual Financial statements
2021-2022
Significant
improvement in Results
Double-digit organic growth
expectedin S1
2022-2023
SII Group,
a
specialist
in engineering business lines, is announcing its 2021-2022
annual results, which were approved by the
Management Board on June 7, 2022 and not yet
audited.
Eric Matteucci, Chairman of the Management
Board, commented: “This financial year 2021/2022 marks the return
to a high level of performance within the SII Group. This result,
which exceeds our expectations, reflects a strong commitment by all
our teams, and I would like to express my warmest appreciation for
their efforts. All of this is also made possible by the constantly
renewed confidence of our clients. Let us build on this success to
shape our future with desire and conviction and thus deliver our
promise to develop together a digital and sustainable world.”
In
€mEnded March 31,
2022
(not yet
audited) |
2020-2021 |
2021-2022 |
Change |
Revenue |
654.19 |
828.88 |
+26.7% |
Operating profit on activity |
38.66 |
80.25 |
x2.1 |
Operating margin on activity(as a % of revenue) |
5.91% |
9.68% |
+3.77 pt. |
Net operating income |
34.70 |
79.07 |
x2.3 |
Net operating margin(as a % of revenue) |
5.30% |
9.54% |
+4.24
pt. |
Consolidated net income |
24.73 |
59.41 |
x2.4 |
Consolidated net income, Group Share |
24.93 |
59.37 |
x2.4 |
|
|
|
|
Average Headcount |
8,488 |
9,434 |
+946 |
Headcount at the end of the period |
8,789 |
10,311 |
+1,522 |
Strong Business Growth
The SII Group has achieved a record revenue for
the financial year 2021-2022 at €828.9m, up 26.7% compared to
2020-2021. This performance was driven by a strong dynamic of
activity in all sectors. The Aeronautics-Space-Defence sector,
which was severely impacted by the health crisis, has bounced back
significantly to reach a higher level of activity than before the
crisis. In growth of 34.5% compared to 2020-2021, the turnover of
this sector now accounts for 21.4% of the total turnover of the SII
Group. Growth of the sector Banking-Insurances is established at
more than 20%. All the other sectors also post growth rates in two
figures.
In France, the revenue reached €383.4m in rise
of 21.5%. All business sectors contributed to this performance
through their volume of projects. Aeronautics-Space-Defence,
Banking-Insurances and Telecommunications remain the top 3
contributors to turnover in this zone.
On the international front, revenue performance
has continued to pick up from half-year to half-year. The 2021-2022
financial year closed with a 31.5% increase in revenue to €445.5m.
Poland, which contributed more than half of the international
turnover, posted growth of almost 36.3%. In Spain, the
second-largest contributor to turnover, business has clearly picked
up again with a 27.9% increase in turnover for the financial year.
Germany is back to growth thanks to restructuring and synergies
implemented with the group. All other countries contributed €63.1
million to total sales, a cumulative growth of 40.2% compared to
the previous financial year.
This solid performance is accompanied by a
vigorous hiring spree. The SII Group reached the announced
objective of 4,500 recruitments on the financial year. On March 31,
2022, the group counts more than 10,300 employees, against nearly
8,800 at the end of March 2021. In France, the SII Group has now
nearly 4,700 employees. In France and throughout the world, the
group remains focused on pursuing its ambitious employer brand
strategy to promote the well-being and performance of its
employees. The group has thus accelerated and generalized the
deployment of the “Great Place To Work” labelling approach. During
the 2021-2022 financial year, nine new countries were certified and
some of them were also included in the local Best Workplaces
list.
Improved
profitability
At the end of March 2022, the group’s
profitability improved significantly in France and
internationally.
Operating income reached €79.1m, more than
double the previous financial year. This performance can be
explained by a combination of several factors such as the
continuation of the positive effects of the organisational
restructuring of the SII Group, the improvement of the AREH which
finds levels close to pre-crisis at 89.4% on the whole financial
year, or the effort of each subsidiary to contribute to this
improvement. Overall, the operating margin reached a level not seen
for more than 15 years at 9.5%, up significantly by: +4.2 points.
In France, the operating margin rose by 5.6 points to 7.0% (1.4% in
the previous financial year). The international operating margin
was 11.7%, compared with 8.9% at the end of March 2021, driven by
the performance of Poland, the rebound in business in Spain, the
return to growth in Germany and the good development of business in
other subsidiaries.
After taking into account the financial result
and taxes, the net result amounts to €59.4m, which represents a net
margin of 7.2%.
At March 31, 2022, the balance sheet showed a
net cash position (excluding IFRS 16) of €128.6m, compared
with €88.4m at the end of March 2021. Shareholders’ equity stood at
€219.1m compared with €180.9m at the end of March 2021.
Proposed dividend of
€0.40 per share
In keeping with its dividend distribution
policy, the SII Group will propose, at the General Meeting of
Shareholders to be held on September 22, 2022, the payment of a
dividend of €0.40 per share.
Perspectives
2022/2023
Le groupe SII évolue sur un secteur du numérique
qui semble toujours aussi porteur. Le groupe SII peut également
compter sur ses atouts solides dont notamment son organisation, sa
diversité sectorielle et géographique et sa politique RH de
qualité.
Cependant, des difficultés se renforcent avec
une pénurie de main d’œuvre croissante et des tensions
inflationnistes sur les salaires, mais également des incertitudes
sanitaires, géopolitiques et macroéconomiques dont les effets sur
le niveau futur d’activité sont imprévisibles.
Dans ce contexte troublé, le groupe SII anticipe
une croissance de son chiffre d’affaires à deux chiffres pour le
premier semestre de son exercice 2022/2023, la publication du
chiffre d’affaires du premier trimestre (le 10 août 2022) devrait
le confirmer. Le groupe SII ambitionne également de maintenir son
niveau de marge opérationnelle entre 9% et 10% sur ce premier
semestre. Le groupe SII précisera ses objectifs pour l’exercice
lors de la publication de ses résultats semestriels, en fonction
des évolutions conjoncturelles.
***
Next financial
announcement:
Fiscal 2022-2023 first quarter revenue,
Wednesday, August 10, 2022 after closing market
-
Contacts:
SII - Eric Matteucci: +33 (0)
142 848 222
Financial Press Contact: CIC Market Solutions –
Sophie Le Bris: +33 (0) 153 488 059
-
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About de 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 and Digital services.
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 2021-2022 financial year, which ended on
31 March, SII Group recorded revenues of €829 million.
- SII - AF_RA_Annuel_2021_2022_EN
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