ASSYSTEM

First-quarter 2020 revenue

           

First-quarter 2020 revenue

Paris-La Défense, 30 April 2020, 5.35 p.m. (CEST) – Assystem S.A. (ISIN: FR0000074148 – ASY), an international engineering group, today released its revenue figures for the three months ended 31 March 2020 (first-quarter 2020).

First-quarter 2020 consolidated revenue
and year-on-year changes (unaudited)

In € millions	Q1 2019	Q1 2020	Total year-on-year-change	Like-for-like year-on-year change*
Group	125.8	122.9	-2.2%	-5.3%
Energy & Infrastructure	112.2	110.3	-1.7%	-4.8%
Staffing	11.5	10.9	-5.1%	-7.1%
Other	2.1	1.7	-	-

* Based on a comparable scope of consolidation and constant exchange rates.

FIRST-QUARTER 2020 REVENUE SHOWS THE FIRST IMPACTS OF THE COVID-19 PANDEMIC

Consolidated revenue for the first quarter of 2020 was down 2.2% year on year. Like-for-like growth was a negative 5.3%, changes in the scope of consolidation had a favourable 2.5% impact and the currency effect was a positive 0.5%.

Assystem estimates that the negative impact of the Covid-19 pandemic on its like-for-like growth in first-quarter 2020 was 5.5%, all of which was felt in the last two weeks of March. In addition, delays in siting work for the KA.CARE contract in Saudi Arabia trimmed €2.1 million off first-quarter 2020 revenue, but this effect should be offset over time.

ENERGY & INFRASTRUCTURE

Revenue generated by the Energy & Infrastructure division decreased 1.7% to €110.3 million in the first quarter of 2020. Like-for-like growth was a negative 4.8%, changes in the scope of consolidation had a favourable 2.8% impact and the currency effect was a positive 0.3%.

Revenue from Nuclear activities contracted 2.0% to €74.6 million (representing 61% of total consolidated revenue). Like-for-like growth was a negative 5.1%, changes in the scope of consolidation had a 2.8% favourable impact and the currency effect was a positive 0.3%. The negative impacts on like-for-like growth of the Covid-19 pandemic and the temporary delays in siting work for the KA.CARE contract are estimated at 6.5% and 2.8% respectively. It should also be noted that there is a very high basis of comparison with first-quarter 2019 when like-for-like growth for Nuclear activities was 25.3%.