SII : Revenue for the first half of 2023-2024
Paris, November 14, 2022 – 6 p.m.
Revenue for the first half of
2023-2024: €538.4m
Growth of 12.8%
Business in France up 7.6 percentInternational
operations up 16.5 percent
SII Group, which specialises in
engineering business, has announced its semester revenue for
2023-2024 financial year.
Eric Matteucci, Chairman of the Management Board
commented: “Overall, business over the first half of the 2023-2024
financial year is in line with the scenario announced at the start
of the year, which is good news. Unsurprisingly, the second quarter
of the 2023-2024 financial year confirms the slowdown in growth.
The macroeconomic context continues to darken. We must rely on the
Group’s strengths to take advantage of all the opportunities that
our teams, whose performance I applaud, will encounter over the
coming months.”
In €m1st
half (to September 30) |
2022-2023 |
2023-2024 |
Change |
Organicchange* |
First quarter revenue |
238.45 |
269.32 |
+12.9% |
+10.1% |
Second quarter revenue |
238.75 |
269.03 |
+12.8% |
+8.0% |
Six month revenue |
477.20 |
538.35 |
+12.8% |
+9.5% |
of which: France |
199.18 |
214.36 |
+7.6% |
+3.4% |
of which: International |
278.02 |
323.99 |
+16.5% |
+13.8% |
* excluding external growth and exchange
rate effects (exchange rate 2022-2023 applied to 2023-2024
revenue)
The SII Group, a specialist in engineering
businesses, posted revenue of €538.1 million for the first
half of the 2023-2024 financial year, up 12.8% despite three fewer
working days. The second quarter saw growth of 12.8% to €269.0
million. With the exception of Germany and the UK, all countries
are experiencing a slowdown. Against this backdrop, we would like
to highlight the performance of all our teams.
Stable growth in France
In France, the SII group registered revenues of
€100.5 million over this second quarter of the 2023-2024 financial
year, representing stable organic growth for the past three
quarters.
Overall, for the entire half-year, total revenue
of €214.4 million was generated in France, up 7.6% (including 3.4%
of a like-for-like basis).
The AREH (Activity Rate Excluding H
Stronger international
growth
Internationally, the SII group recorded
quarterly revenue of €164.0 million, up 15.8% (of which 11.1% on a
like-for-like basis) compared with the second quarter of the
previous financial year. A number of countries continued to report
strong quarterly organic growth: Poland (+9%), Germany (+42%),
Romania (+30%) and the Czech Republic (+47%).
For the first half, international sales
increased by 16.5% to €324.0 million (13.8% on a like-for-like
basis).
The various activity rates are holding up well
and should enable us to maintain a satisfactory operating profit
rate.
Outlook
Revenues in the first semester are in line with
the targets set at the start of the year. Given the lower level of
activity rate in the first half of the year, the operating margin
should be at the lower end of the announced range, i.e. close to
9%. Looking beyond the first half of the year, the limited
visibility means that we have to look ahead quarter by quarter. Our
objective for the third quarter of the 2023-2024 financial year is
to achieve sales growth of between 7% and 10%.
***
Next financial
announcement:
Fiscal 2023-2024 half-year financial results,
Tuesday, November 29, 2023, after the close of trading
-
Contacts:
SII - Eric Matteucci:
+33(0)142 848 222
-
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on our website: www.sii-group.com
Euronext Paris Compartment
BLEI: 96950044FWV7YEJCKR65
ATTACHEMENT: Revenue by
quarter
In €m |
Q1 2023-2024 |
Q2 2023-2024 |
H1 2023-2024 |
France |
109.36 |
105.00 |
214.36 |
Changeof which: organic growth* |
+7.3%+3.3% |
+8.0%+3.5% |
+7.6%+3.4% |
International operations |
159.96 |
164.03 |
323.99 |
Changeof which: organic growth* |
+17.1%+15.2% |
+15.9%+11.1% |
+16.5%+13.8% |
SII Group Total |
269.32 |
269.03 |
538.35 |
Changeof which: organic growth* |
+12.9%+10.1% |
+12.8%+8.0% |
+12.8%+9.5% |
*: excluding
external growth and exchange rate effects (exchange rate 2022-2023
applied to 2023-2024 revenue)
About SII
Founded in 1979 by qualified engineer Bernard
Huvé, the SII Group’s activity is balanced between engineering and
technology consulting (ETC) and digital services (DSC).
The SII Group provides employment for more than
16,000 people, structured in a way that offers all the
responsiveness and flexibility of a local service. It operates in
18 different countries across four continents throughout 80
locations with full operational capabilities. Each year, the SII
Group recruits over 4,000 consultants and engineers on average. On
a daily basis, these committed individuals strive to develop and
integrate new technologies within future products and services, and
to continuously enhance our clients’ information systems.
Always looking to provide innovative,
value-added solutions, the SII Group works with major international
groups in a variety of sectors, including Aeronautics, Defence,
Space, Banking, Insurance, Telecommunications, Energy, Retail,
Automotive, Transport and Industry. Certified EcoVadis Platinum and
a Great Place to Work, the SII Group stands out for its social
policy focused on creating a digital, sustainable world and its
corporate culture firmly rooted in quality of work life and
inclusion.
In the 2022-2023 financial year, which ended on
March 31, 2023, SII Group recorded revenues of €1,022.5
million.
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