Financial releases

Jul 29, 2010

Interim results2010[1]:

Revenue growth of +3.3%

Underlying attributable net income up by +15.2%

• In the first half 2010, like-for-like revenue was up by +1.4% compared to the first half 2009.
  
• The operating margin[2] increased by 2.4% versus the first half 2009, leading to an operating margin rate of 6.9%.
  
• Attributable net income increased by +58.4% to €25.2m and represented 3.0% of revenue versus 2.0% at 30 June 2009.
  
• Net financial debt stood at €209.9m, a reduction of €30.0m versus 30 June 2009.
• New orders increased by 3.2% in the first half 2010 and the ratio of new orders to consolidated revenue stood at 1.13 at 30 June 2010.

 

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[1] Auditors' limited review report published

[2] Before amortisation of intangible assets linked to business combinations. In 2010, this takes into account the abolition of the Business Tax in France for which the related charge accounted in the first half 2009 was €3.3m. The operating margin is the Group's key indicator. It is defined as the difference between revenue and operating expenses, the latter amounting to the total cost of services provided (expenses needed to carry out projects), marketing costs and general and administrative costs.