SII : Fiscal 2021-2022 first quarter revenues
12 August 2021 - 6:00PM
SII : Fiscal 2021-2022 first quarter revenues
Paris, August 12, 2021 – 6 p.m.
Fiscal 2021-2022 first quarter
revenues: €187.2 million
Organic growth
+26.9%
Business in France up 33.6 percentInternational
operations up 21.4 percent
SII Group, which specialises in
engineering businesses, has announced its first quarter revenues
for the
2021-2022
financial year.
Eric Matteucci, Chairman of the Management
Board, commented: “There has been a significant upturn in activity
during the first quarter of the 2021-2022 financial year. Although
this quarter’s performance was helped by the favourable basis for
comparison and two additional billing days, the revenue generated
was almost 15% higher than in the first quarter of the 2019-2020
financial year (the year before the COVID-19 crisis). This is
further confirmation that the new course of organic growth is back
on track, that the effort invested by all teams has borne fruit and
that SII Group’s strategy is effective".
In €M1st
quarter (ended June
30) |
2020-2021 |
2021-2022 |
Variation |
Change atconstant rate* |
Revenues |
147.43 |
186.16 |
+26.9% |
+27.1% |
of which France |
67.57 |
90.24 |
+33.6% |
+33.6% |
of which international |
79.86 |
96.93 |
+21.4% |
+21.6% |
* excluding external growth and exchange
rate effects (exchange rate 2020-2021 applied to 2021-2022
revenues)
SII Group, a specialist in engineering
businesses, registered revenues of €187.2 million during the
first quarter of the 2021-2022 financial year, up 26.9%. All
geographical units contributed to this positive performance, with
the only exception of Germany where the recovery momentum is still
insufficient. Business activity has particularly picked up in
France and Spain and the growth, already experienced during the
previous quarter, continued or even gained momentum in other
countries.
Sharp Resumption of Activity in
France
In France, the SII group achieved a revenue of
€90,2m during this first quarter of the financial year 2021-2022,
i. e. a 32.1% entirely organic growth. The Activity Rate Excluding
Holidays (AREH) reached 89.5% during the quarter, coming fairly
close to the optimum. Another factor contributing to the success of
this quarter was the two additional calendar days. All major
business areas in which the SII operates contributed to this
recovery in business activity, when viewed against the basis for
comparison. Direct headcount grew this quarter in contrast to the
previous year.
Accelerated growth from International
Operations
Internationally, the group SII recorded a
quarterly revenue of €96.9m, up 21.4% compared to the first quarter
of the previous year. Several countries continued or intensified
their organic growth: Poland (+24.5%), Romania (+27.0%), Chile
(+50.8%), Morocco (+73.3%) and the UK (+30.3%). Spain saw an
exceptional rebound in activity with 46.5% organic growth. Germany
experienced major setbacks, with business continuing to decline by
17%. The performance of the other countries was in line with the
previous quarter.
Prospects
This first quarter showed an anticipated yet
outstanding performance. Indeed, this quarter enjoyed a very
favourable comparison base and two additional working days versus
last year. Thanks to this performance, we can now confirm our
expectations for organic growth of at least 10% and an improved
operating margin for the year, provided no major changes occur in
the health situation.
Proposed dividend of €0.15 per
share
In keeping with the SII Group’s distribution
policy and returns to shareholders, the next shareholders’ meeting,
scheduled for September 16, 2021, will be asked to approve the
payment of a dividend of €0.15 per share.
***
Next appointment:
Fiscal 2021-2022 half-year revenues, Tuesday
November 9, 2021 after trading
-
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 organised itself to offer the
responsiveness and flexibility of personalised service. SII has
nine offices in France serving as profit centres 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.
- SII - AF_CA_T1_2021_2022_EN
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