Fiscal 2023-2024 third quarter revenue
Paris, February 13, 2024 – 6 p.m.
Fiscal 2023-2024 third quarter
revenue : €826.2m
Growth of 12.2% for the first 9
months
Business in France up 7.4 percent
International operations up 15.6 percent
SII Group, which specialises in
engineering business, has announced its third quarter revenue for
2023-2024 fiscal year.
Eric Matteucci, Chairman of the Management
Board, commented: “Unsurprisingly, the third quarter
of
2023-2024 was a continuation of the previous months. The
slowdown in growth continues in an uncertain macroeconomic context,
with a wait-and-see attitude taking hold. Despite this unfavourable
environment, the SII Group is proving resilient and continues to
post growth. Our overall performance over the first 9 months of
this financial year remains above that of our benchmark market. I
would like to thank our teams and our customers for continuing on
this path.”
in €m
3rd quarter
(to December 31) |
2022-2023 |
2023-2024 |
Change |
0rganic change* |
|
First quarter revenue |
238.45 |
269.32 |
+12.9% |
+10.1% |
|
Second quarter revenue |
238.75 |
269.03 |
+12.8% |
+8.0% |
|
Third quarter revenue |
259.31 |
287.81 |
+11.0% |
+6.0% |
|
Nine-Month revenue |
736.51 |
826.16 |
+12.2% |
+8.4% |
|
Of which: France |
308.80 |
331.65 |
+7.4% |
+3.2% |
|
Of which: International |
427.71 |
494.51 |
+15.6% |
+12.1% |
* 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 €287.8 million for the third quarter
of the 2023–2024 financial year, an 11.0% increase. This third
quarter confirms the trend observed since the start of the
financial year. Reflecting the macroeconomic context, all our main
markets are experiencing weaker momentum than in the last two
years.
Constant growth in France
In France, the SII Group recorded revenue of
€117.3m in the third quarter of the 2023-2024 financial year,
showing organic growth close to that of the first half of the
year.
The Activity Rate Excluding Holidays (AREH)
deteriorated again during the third quarter due to the time lag
between recruitment and new projects. As a result, the quarterly
operating margin for France has been impacted by this
situation.
Stronger international
growth
Internationally, the SII Group recorded revenue
of €170.5m in the third quarter of the 2023-2024 financial year, up
13.9% (of which 8.1% on a like-for-like basis and at constant
exchange rates) compared to the same quarter of the previous fiscal
year. Although on a downward trend, some countries are still
posting sustained growth on a like-for-like basis and at constant
exchange rates: Poland (+7%), Germany (+28%), Romania (+22%) and
Czech Republic (+26%).
In this context, operating margin outside France
remains at a satisfactory level.
Outlook
The first few weeks of 2024 have not reversed
the trend seen over the past 9 months. Annual revenue is expected
to fall within a range of between €1.12 billion and €1.13 billion.
This would represent annual revenue growth of around 10%, still
outperforming our sector.
***
Next financial
announcement:
Fiscal 2023-2024 annual revenue, Tuesday, May14,
2024 after the close of trading
-
Contacts :
SII - Eric Matteucci - : 01.42.84.82.22
-
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LEI: 96950044FWV7YEJCKR65
ATTACHEMENT: Revenue by
quarter
in €m
|
Q1
2023-2024 |
Q2
2023-2024 |
Q3
2023-2024 |
Nine-month 2023-2024 |
|
France |
109.36 |
105.00 |
117.29 |
331.65 |
Change
of which organic* |
+7.3%
+3.3% |
+8.0%
+3.5% |
+7.0%
+3.0% |
+7.4%
+3.2% |
|
International operations |
159.96 |
164.03 |
170.52 |
494.51 |
Change
of which organic* |
+17.1%
+15.2% |
+15.9%
+11.1% |
+13.9%
+8.1% |
+15.6%
+12.1% |
|
SII Group Total |
269.32 |
269.03 |
287.81 |
826.16 |
Change
of which organic* |
+12.9%
+10.1% |
+12.8%
+8.0% |
+11.0%
+6.0% |
+12.2%
+8.4% |
* 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
20 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.
- SII - AF_CA_T3_2023_2024_EN
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