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INFOTEL (EPA:INF) - Infotel : An excellent level of business throughout the year. 2019 revenue: +7.2% to €248.4m. Q4 2019 revenue: +8.0% to €65.7m.

Directive transparence : information réglementée

22/01/2020 17:45

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Euronext B - ISIN: FR0000071797
Reuters: ETOF.PA - Bloomberg: INF FP

                                                             Press Release
                                                 Bagnolet, 22 January 2020

                An excellent level of business throughout the year

                       2019 revenue: +7.2% to EUR248.4m
                     Q4 2019 revenue: +8.0% to EUR65.7m

Revenue
(in EURm)                 2019    2018      % change 
                                          2019 / 2018
Q1                      62.9     58.8        +6.9%
Q2                      59.5     56.4        +5.5%
Q3                      60.3     55.7        +8.3%
Q4                      65.7     60.9        +8.0%
 
  Services                64.0     59.3        +7.8%
 
  Software                 1.8      1.6       +14.7%
Total annual revenue   248.4    231.7        +7.2%
 
Services               239.9    223.3        +7.4%
 
Software                 8.5      8.4        +1.4%

Infotel published a revenue growth of 7.2% to EUR248.4m for full-year 2019, in
a market that grew by 4.2% according to Syntec Numérique.

Strong growth in Services throughout the year

Services recorded a growth of 7.8% in Q4 2019 despite one working day less.
Over the full year, Services revenue grew by 7.2%, driven by ongoing digital
transformation projects in all areas of business.

The Banking sector grew in terms of value and is still the biggest contributor
to revenue, accounting for 35.9%, followed by Manufacturing (28.3%), Services
(21.2%) and Insurance & Retirement (12.5%). The international offices turned in
a solid performance, with growth of 47% for Infotel UK (EUR3.6m) and 63% for
Infotel Monaco (EUR4.8m).

Several new major contracts were signed in recent months with clients including
Air France, BNP Paribas, BPCE, Airbus, ATR, Banque de France and COVEA. These
contracts are already contributing to the strong momentum seen at the start of
2020.

Although the recruitment market remains tight, the Group added 425 new
employees, taking the headcount to 2,589 at the end of December. The
inter-contract rate remained very low at 1.9% for the year.

Software revenue was up 1.4%, with IBM royalties totalling EUR4.4m over the
full year.

For the Orlando software solution, new licences were signed with Allegiant (the
first licence in the United States) and Spanish airlines Fly Level and Wamos
Air.

Intense marketing campaigns are continuing for Orlando and discussions are
under way with leading airlines.

Active sales efforts are also ongoing for the archiving solution Arcsys in
Germany and the United States. Under the innovation project launched in 2019,
Infotel is currently working on the creation and rollout of new software
solutions to meet requirements identified by its major clients.

2020: optimism and new ambitions

With its recently signed new contracts, the strong level of business and
clients' renewed confidence to extend Infotel's contribution to new services or
move towards new technologies, the Group is confident that it will continue on
its new growth path in 2020.

Upcoming events
2019 annual results: 4 March 2020 after market close
Analyst meeting: 5 March 2020 - 11:30 a.m.

About Infotel

Listed on Compartment B of Euronext Paris since January 1999 (ISIN code
FR0000071797), Infotel specialises in information management systems for major
accounts, from mobile to very high-volume databases (Big Data). Operating at
the forefront of technological innovation, Infotel develops its expertise
across two complementary divisions: IT services and software publishing.
Infotel posted revenue of EUR248.4m in 2019 and employs over 2,500 people.

Contacts

Infotel                                                     Actifin
Michel Koutchouk                            Financial Communication
Chief Executive Officer                        Ghislaine Gasparetto
Tel.: +33 (0)1 48 97 38 38          Tel.: +33 (0)1 56 88 11 11
michel.koutchouk@infotel.com                 ggasparetto@actifin.fr

                         www.infotel.com