ASSYSTEM
First-quarter 2017 consolidated revenue up 13% on year
First-quarter 2017 consolidated revenue up 13% year on year
Paris, 27 April 2017, 5.35 p.m. (CEST) - Assystem S.A. (ISIN: FR0000074148 - ASY), a leading player in engineering, today released its consolidated revenue figures for the three months ended 31 March 2017 (first-quarter 2017).
First-quarter 2017 revenue
and year-on-year changes (unaudited)
In millions of euros | Q1 2016 | Q1 2017 | Total year-on-year change | Organic year-on-year change* |
Group | 235.8 | 266.4 | +13.0% | +11.3% |
Global Product Solutions | 142.0 | 163.8 | +15.3% | +14.5% |
Energy & Infrastructure | 76.8 | 87.9 | +14.5% | +10.7% |
Staffing | 14.6 | 12.2 | -16.4% | -16.4% |
Other | 2.4 | 2.5 | - | - |
* Based on a comparable Group structure and constant exchange rates.
Assystem's consolidated revenue rose by a strong 13.0% in the first quarter of 2017, breaking down as 11.3% in organic growth, a 2.9% increase due to changes in scope of consolidation and a 1.2% negative currency effect.
The difference in the number of business days compared with the same period of 2016 had an estimated 2.7% positive effect on organic revenue growth. In the second quarter of 2017 this impact will reverse, however, and is expected to represent a negative 3.5%.
GLOBAL PRODUCT SOLUTIONS
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Revenue generated by Global Product Solutions climbed 15.3% in the first quarter of 2017 to €163.8 million and accounted for 61.5% of total consolidated revenue for the period. The year-on-year increase breaks down as 14.5% in organic growth, a 2.2% positive impact from changes in scope of consolidation and a 1.4% negative currency effect.