SII :2020/2021 Q1 revenues
11 Août 2020 - 06:00PM
SII :2020/2021 Q1 revenues
Paris, 11 August 2020 – 18:00
2020/2021 Q1 revenues impacted by the
health crisis: €147.4 million, down 9.3%
Reduction of activity in France: -21.0%Growth in
international activity: +3.6% (organic growth +7.8%)
SII Group, which specialises in
engineering businesses, has announced its first quarter revenues
for the 2020/2021 financial year.
Eric Matteucci, Chairman of the Management
Board, commented: “This first quarter of the 2020/2021 financial
year is in line with forecasts announced. Against the backdrop of
the health crisis linked to COVID-19 along with an unprecedented
economic crisis, SII Group has registered an organic reduction in
its activity of 7.3%. All our teams were fully mobilised during
this period in order to allow us to continue our activities when
possible, and are currently working to win new contracts so that
the group can return to its historic levels of development. This
dynamism will help us get back on the growth path ".
In €M1st quarter (ended
30/06) |
2019/2020 |
2020/2021 |
Variation |
Organic variation* |
Revenues |
162.57 |
147.43 |
- 9.3% |
- 7.3% |
of which France |
85.52 |
67.57 |
- 21.0% |
- 21.0% |
of which international |
77.05 |
79.86 |
- 3.6% |
- 7.8% |
* excluding external growth and exchange
rate effects (exchange rate 2019-2020 applied to 2020-2021
revenues)
SII Group, a specialist in engineering
businesses, registered revenues of €147.4 million during the
first quarter of the 2020/2021 financial year, down 9.3%.
Activities were mainly impacted in France, Germany, Spain, Canada
and the Netherlands in aeronautics, defence, transport and tourism.
International growth, which notably came from Poland, Romania,
Colombia and the United Kingdom, was punished by exchange rates
with the euro in several countries.
Variation in activities depending on
geographic zones
In France, SII Group registered revenues of
€67.6 million during the first quarter of 2020/2021. The
activity was particularly affected in aeronautics and defence where
activities were either stopped or put on hold as a result of the
lockdown. The economic crisis caused by the health crisis also
reduced activities in other sectors such as car-making, transport,
tourism and distribution. Sectors such as telecommunications,
energy, banking and insurance, on the other hand, managed, overall,
to resist during the period. All in all, the fall in activity in
France was 21% over the quarter. SII Group resorted to part-time
activity during this period in order to lessen the impact of the
crisis. It seems like the low point was reached during the month of
May 2020 and a moderate but sustained upturn in activity emerged in
June 2020. So long as a second wave of the virus does not wipe out
this trend, the second quarter of the year should register a better
performance.
Internationally, the situation is one of stark
contrasts. The major 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). Poland, where exposure to
different sectors is very diversified, registered exceptional
resistance (22.8% organic growth). Three other countries supported
international development: Romania (+15.6%), Columbia (+17.3%) and
the United Kingdom (+39.1%). The rise of the euro over the last
year against almost all the currencies of the countries where SII
Group is based had a marked negative effect on the international
performance.
Prospects
This first quarter was punished by several
suspensions of activity during the lockdown period. This also led
to a deep economic crisis in several sectors of activity which
stopped many projects. For SII Group, it looks like the low point
in activity was reached in May 2020. However, we must be very
cautious given potential developments in the health situation.
If the health situation stabilises, next quarter
is expected to register an improvement in the situation in France
with a less pronounced reduction in activity than in the first
quarter, and a continuation of international growth at a rate
equivalent to that of the first quarter.
***
Next appointment:
H1 revenues 2020/2021, Thursday 12 November 2020
after trading
-
Contacts:
SII - Eric Matteucci ( -: 01.42.84.82.22
Financial Press Contact: 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 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 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.
- SII - AF_CA_T1_2020_2021_EN
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