2016 revenues: EUR 326.4 million - Growth of 19.2% (8.7% in organic terms)

 
Over 3 months
Over 12 months


Revenue in

 € million
Q4 2016
Q4 2015
Change
At 31/12/2016
At 31/12/ 2015
Change


France
46.8
45.1
+3.8%
180.3
165.2
+9.1%


International
39.4
29.3
+34.7%
146.1
108.6
+34.5%


Group total
86.2
74.4
+15.9%
326.4
273.8
+19.2%

Aubay Group finished 2016 with revenues of €326.4 million, up 19.2% (8.7% in organic terms) and ahead of its revised objective of €325 million announced in July 2016 on the publication of its turnover for the first half of the year.

Organic growth for the year was balanced between the Group's operations in France and overseas, with both enjoying internal growth of 9.1% and 8.1% respectively. Organic growth came in at 5.0% for the fourth quarter alone, with activities in France accounting for 3.8% and activities overseas for 7.0% despite a calendar impact of -2.2% linked to the 1.5 days less of invoicing across the board. As such, the Group continued to significantly outperform its benchmark market.

Aubay's headcount amounted to 4,899 employees on 31 December 2016 as against 4,667 one year earlier. The rate of activity for the Group's engineers stood at 93.5% for the fourth quarter of 2016.

Confirmation that the profitability target has been exceeded

Thanks to an excellent end to the year, Aubay has confirmed that it will exceed its forecast current operating margin of 9.1% announced last November on the publication of its turnover for the final quarter.

The Group will also report a positive net cash position for 31 December 2016.

Outlook

2017 has gotten off to a strong start in line with previous quarters, with sustained demand from key clients across all regions.

Aubay is currently ramping up its recruitment drives, and will be looking to achieve organic growth of between 5% and 7% in 2017 on the back of a middle-of-the-range forecast of €346 million in revenues.

The target figure for its current operating margin in 2017 will be announced on the publication of the Group's definitive results on 15 March 2017 at the end of the trading day.

Aubay's yearly results for 2016 will be published on 15 March 2017 at the end of the trading day.

For further information, visit the Finance section on the group website at www.aubay.com.

2017-2018 Financial Calendar

2017/2018 Financial Agenda
Date


 
 


2016 yearly results
Wednesday 15 March 2017


 
 


Financial analysts meeting
Thursday 16 March 2017


 
 


Q1 2017 revenues
Wednesday 19 April 2017


 
 


Q2 2017 revenues
Thursday 20 July 2017


 
 


H1 2017 results
Wednesday 13 September 2017


 
 


Financial analysts meeting
Thursday 14 September 2017


 
 


Q3 2017 revenues
Wednesday 18 October 2017


 
 


Q4 2017 revenues
Thursday 25 January 2018


 
 


2017 yearly results
Wednesday 14 March 2018


 
 


Financial analysts meeting
Thursday 15 March 2018

Source: Actusnews