SII:Revenue for the first half of 2020/2021
16 November 2020 - 6:01PM
SII:Revenue for the first half of 2020/2021
Paris, November 12, 2020 – 6 p.m.
Revenue for the first half of
2020/2021: 301,2 M€, down 7.6% (-5.9% of which at
constant rates)
Gradual improvement of the situation in
the second quarter in the context of the health and economic
crisis
Reduction of activity in France: -17.1%Growth in
international activity: +2.7% (+6.2% of which at constant
rates)
The SII engineering group has released
its first-half revenue data for fiscal 2020-2021.
Management Board chairman Eric MATTEUCCI
commented that: “The first half of the 2020-2021 financial year
experienced a low point in activity in April and May and has shown
a slow and continuous recovery in activity since June 2020. The
second quarter of the financial year shows encouraging signs for
the rest of the year, although caution is still necessary in view
of the latest measures taken by governments to tackle the health
crisis. All our teams remain mobilized to ensure that we are able
to continue our activities and win new markets. All the energy
deployed allows us to be confident about our ability to return to
growth.”
In M€1er half (to September
30) |
2019-2020 |
2020-2021 |
Change |
Change at constant rates* |
First quarter revenue |
162.57 |
147.43 |
-9.3% |
-7.3% |
Second quarter revenue |
163.34 |
153.78 |
-6.2% |
-4.5% |
Six month revenue |
325.91 |
301.21 |
-7.6% |
-5.9% |
of which: France |
169.20 |
140.20 |
-17.1% |
-17.1% |
of which: international |
156.71 |
161.01 |
+2.7% |
+6.2% |
* excluding the effect of exchange rates
(2019-2020 exchange rates applied to 2020-2021 revenue)
SII Group, a specialist in engineering
businesses, registered revenues of €301.12 million during the
first half of the 2020/2021 financial year. After a first quarter
down by 7.3% at constant rates (-9.3% at current rates) penalized
by the strict lockdowns, the second quarter showed a gradual
recovery of the activity illustrated by a more limited decline of
4.5% at constant rates (-6.2% at current rates). In the semester,
the SII group benefited from its sectoral and geographic
diversification, which has helped the activity to resist in this
adverse climate. Activity shows slight growth overseas: +6.2% at
constant rates (+2.7% at current rates).
Growth of the activity overseas and
gradual recovery of the activity in France
In France, SII Group registered revenues of
€67.6 million during the first half of 2020/2021. After a more
than 20% decline in activity in the first quarter (€67.7 million),
the second quarter showed a gradual recovery with €72.6 million, a
13.2% decrease compared to the second quarter in the previous
financial year. The diversity of the business sectors in
which the group intervenes has favored this incipient recovery. The
health and economic crisis has mainly affected the aeronautical,
automotive, transport and tourism sectors. The lockdown created
major organizational difficulties for the continuation of
activities in the defense sector during the first quarter.
Activities in this sector largely recovered gradually in the second
quarter. To reduce the impacts of the health and economic
crisis, the group resorted to part-time activity for this entire
period. Furthermore, sectors such as telecommunications, energy and
banking have generally resisted since the start of the crisis.
Overseas, the half-yearly turnover shows 6.2%
growth at constant exchange rates. The situation remains very
varied according to the scale of the health crisis and the group's
sectors of intervention in each country. Difficulties appeared in
countries where the SII Group is exposed to the aeronautical sector
(Germany, Canada, the Netherlands), the automotive sector (Germany,
Spain, Czech Republic), transport and tourism (Spain). However,
Poland, where exposure to different sectors is very diversified,
registered exceptional resistance (+20.8% at constant rates). Three
other countries supported international performance with a rate of
growth in two figures (at constant rates): Romania (+13.5%),
Columbia (+19.8%) and the United Kingdom (+50.6%). Changes in
exchange rates slightly reduces performance at current rates
outside France, which stands at +2.7%.
Outlook
After a first quarter greatly penalized by the
lockdown, the second quarter showed a partial recovery of
activities existing before the lockdown accompanied by the launch
of new projects.
The current evolution of the health crisis in
several countries calls for great caution but the new lockdowns
have not resulted in the sudden and large-scale stoppage of
projects in progress. On the basis of the situation to date, the
next quarter might, once again, show an improvement in the
situation in France and a good resistance among our activities
overseas.
***
Next financial
announcement:
Fiscal 2020-2021 half-year financial results,
Wednesday, December 9, 2020 after the close of trading
-
Contacts:
SII - Eric Matteucci - 01.42.84.82.22
Media relations: CIC Market Solutions - Stéphanie
Stahr - 01.53.48.80.57
-
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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 2019/2020 financial year, which ended on
31 March, SII Group recorded revenues of €675.1 million, which
was up by 6.9 %. SII Group is continuing its growth at a rate
that is faster than its benchmark market.
ATTACHMENT: Revenue by quarter
In M€ |
Q1 2020-2021 |
Q2 2020-2021 |
H1 2020-2021 |
France |
67.57 |
72.63 |
140.20 |
Change of which: at constant rates* |
-21.0%-21.0% |
-13.2%-13.2% |
-17.1%-17.1% |
International operations |
79.86 |
81.15 |
161.01 |
Change of which: at constant rates* |
+3.6%+7.8% |
+1.9%+4.6% |
+2.7%+6.2% |
SII Group Total |
147.43 |
153.78 |
301.21 |
Change of which: at constant rates* |
-9.3%-7.3% |
-5.9%-4.5% |
-7.6%-5.9% |
*: excluding the impact of exchange-rate
fluctuations (previous year’s exchange rates applied to current
year’s revenue)
- SII - AF_CA_T2_2020_2021_EN
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