NEURONES: +5.8% organic growth in Q1 2018
10 May 2018 - 1:40AM
PRESS INFORMATION
Nanterre, May 9, 2018 (after trading)
Heading: Revenues Q12018
+5.8% organic
growth in Q1 2018
| (in € millions) |
Q1 2017
restated IFRS15 (*) |
Q1 2018
IFRS15 (*) |
growth |
of which organic |
|
Revenues |
121.8 |
124.1 |
+1.9% |
+5.8% |
Achievements
In the first quarter 2018, the
group achieved 5.8% organic growth (compared to 13.5% in Q1 2017
which included an additional business day).
The operating profit over the
quarter amounted to 8.4% (**) of revenues.
Compared to the 2017 reference
document (available on www.neurones.net), the financial situation
did not experience any significant changes.
Outlook
With constant structures, NEURONES
forecasts the following for 2018:
- approximately
€490 million in revenues (with application of IFRS15),
- an operating profit of
approximately 9% of revenues.
(*) Under the new IFRS15
standard applicable since January 1, 2018, for sales of software
and hardware (mostly made in the framework of turnkey projects),
only the gross margin is recognized in revenues, rather than the
amount of sales as before. Therefore, starting in 2018, revenues
are published in accordance with IFRS15. Revenues for the first
quarter 2017 are restated for comparison purposes. Application of
this standard reduces the group's revenues by around €9 million in
2017 and 2018, but naturally with no impact on operating
profit.
(**) Unaudited and after inclusion
of 0.3% expenses related to bonus shares.
About
NEURONES
With over 5,100 employees, the NEURONES group specializes in
Consulting (Management, Organization and Digital) and IT Services
(Infrastructures and Applications). It supports its clients in
their digital transformation and information system outsourcing
projects.
Euronext Paris (compartment B -
NRO) - Enternext Tech 40 - SRD medium values
www.neurones.net
Press Relations:
Florence Gillier Communication
Sabine GROSDIDIER
Tel.: +33 1 41 18 85 55
sabineg@fgcom.fr |
NEURONES
Matthieu VAUTIER
Tel.: +33 1 41 37 41 37
rp@neurones.net |
Investor Relations:
NEURONES
Paul-César BONNEL
Tel.: +33 1 41 37 41 37
investisseurs@neurones.net |
|
NEURONES-Q1-2018-revenues
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: NEURONES via Globenewswire
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