GECI INTERNATIONAL : CP Half-Year Finantial Figures 2017-2018

Revenue growth for the first half of 2017-18

Half-year highlights

The GECI International Group (“the Group”) is reporting revenues of €13.0 million for the first half of 2017-18, up 13% year-on-year on a reported basis and 4% proforma¹.

The growth achieved reflects a positive scope effect for €1.1 million, linked to ETUD Integral's consolidation since June 2016. It also factors in the commercial development of some of the Group's business divisions, following their repositioning around markets with stronger visibility.

The year-on-year change in consolidated revenues reflects a negligible exchange effect (€6,000 for the half-year period).

Change in revenues for each quarter

€M (unaudited consolidated data)
FY

2017-18

FY

2016-17

proforma
Change
FY

2016-17

reported
Change

1st quarter (April-June)
6.5
6.5
0%
5.4
+23%

2nd quarter (July-September)
6.5
6.0
+8%
6.0
+8%

Half-year revenues
13.0
12.5
+4%
11.4
+13%

Change in revenues for each business

Business division
1st half

(Apr-Sep 2017)
1st half

(Apr-Sep 2016)

proforma
Change
1st half

(Apr-Sep 2016)

reported
Change

€M
% of rev
€M
% of rev
€M
% of rev

Engineering
3.7
28%
3.6
29%
+ 1%
2.5
22%
+ 44%

Finance
2.2
17%
3.0
24%
- 26%
3.0
26%
- 26%

Telecoms & IT
7.2
55%
5.9
47%
+ 21%
5.9
52%
+ 21%

Holding
0.0
0%
0.0
0%
NA
0.0
0%
NA

Half-year revenues
13.0
100%
12.5
100%
+ 4%
11.4
100%
+ 13%

Engineering

The “Engineering” division's half-year revenues came to €3.7 million, representing 28% of consolidated revenues at September 30, 2017.

In France, the division is moving forward with its diversification strategy targeting the premiumization of its solutions in high-growth sectors, such as renewable energies, water treatment, electric vehicles and urban transport. This strategy is starting to deliver benefits, further strengthening relations with major contracting authorities. For ETUD Integral, this can be seen in the consolidation of consulting activities and commercial development of fixed-rate services.

In South Africa, the Group is confirming its development in specialist training programs for highly regulated industries, with a major multi-year contract ramped up and strong growth in revenues for the subsidiary ($1 million for the first half, versus $0.3 million at the end of the same period the previous year).

IT & Telecoms

Half-year revenues for the “IT & Telecoms” division came to €7.1 million, representing 55% of consolidated revenues at September 30, 2017.

In France, sales for the first half of the year were marked by growth for all the division's offers (Network Engineering, Embedded IT, Web and Business Application Development, and Big Data). More specifically, they factor in the development of the client base of key accounts and startups, supported by the dynamic performance by High Performance Computing (HPC) offers and the solid level of IT outsourcing business.

In Brazil, the sales growth achieved reflects a sustained volume of business despite the uncertain general environment (BRL 7.4 million for the first half of the year, versus BRL 6.3 million at the end of the same period the previous year).

Finance

The “Finance” division generated half-year revenues of €2.2 million, representing 17% of consolidated revenues at September 30, 2017.

The division is moving forward with its repositioning around stronger value-added market segments in the infrastructure, systems and security sectors for the banking and finance industry. Alongside this, the technical support offers with low visibility have been scaled back significantly.

Change in revenues for each region

The Group has continued to diversify its regional exposure: illustrating this, France now represents 77% of consolidated half-year revenues, compared with 85% one year earlier. Strong sales growth has been achieved in particular in South Africa and Brazil.

Geographic area
1st half

(Apr-Sep 2017)
1st half

(Apr-Sep 2016)

proforma
Change
1st half

(Apr-Sep 2016)

reported
Change

€M
% of rev
€M
% of rev
€M
% of rev

France
10.1
77%
10.7
85%
- 6%
9.6
84%
+ 5%

Brazil
2.0
16%
1.6
12%
+ 34%
1.6
14%
+ 34%

South Africa
0.9
7%
0.3
2%
+ 207%
0.3
3%
+ 207%

Half-year revenues
13.0
100%
12.5
100%
+ 4%
11.4
100%
+ 13%

Outlook

The Group is continuing to move forward with its commercial deployment, focused on expanding its client base and further strengthening the quality of its offers. Its repositioning around buoyant market segments will enable it to capitalize on technological breakthroughs in the engineering, telecoms and IT sectors to support major industrial firms, SMEs and startups, ensuring the success of their digital transformation and designing smart services and solutions.

Next date: 2017-18 half-year earnings mid-December 2017 (after close of trading).

GECI International: Smart Solutions for a Smart World

The GECI International Group, created in 1980, has established itself as a high-tech engineering specialist. Today, GECI International is targeting high-growth, strong value-added market segments, focusing in particular on engineering, IT, telecommunications and smart products and services. With its world-renowned credibility for advisory services, its expertise and its ability to deploy the most qualified skills, GECI International is supporting businesses with their digital transition and their efforts to design and develop new smart services and solutions.

GECI International - French limited company (société anonyme) with capital of €775,264.18

Registered office: 48 bis Avenue Kléber - 75116 Paris - France - Paris trade and companies register: 326 300 969

GECI International is listed on the regulated market Euronext Paris - Compartment C

ISIN (shares): FR0000079634 - GECP

ISIN (equity warrants): FR0013141249 - GECBS

Contact

GECI INTERNATIONAL

Investor Relations

Tel: +33 (0)1 44 34 00 20

[email protected]
CALYPTUS

Cyril Combe

Tel: +33 (0)1 53 65 68 68

[email protected]