SII

Revenue for the first half of 2020/2021 - Seite 2

Growth of the activity overseas and gradual recovery of the activity in France

In France, SII Group registered revenues of €67.6 million during the first half of 2020/2021. After a more than 20% decline in activity in the first quarter (€67.7 million), the second quarter showed a gradual recovery with €72.6 million, a 13.2% decrease compared to the second quarter in the previous financial year.  The diversity of the business sectors in which the group intervenes has favored this incipient recovery. The health and economic crisis has mainly affected the aeronautical, automotive, transport and tourism sectors. The lockdown created major organizational difficulties for the continuation of activities in the defense sector during the first quarter. Activities in this sector largely recovered gradually in the second quarter.  To reduce the impacts of the health and economic crisis, the group resorted to part-time activity for this entire period. Furthermore, sectors such as telecommunications, energy and banking have generally resisted since the start of the crisis.

Overseas, the half-yearly turnover shows 6.2% growth at constant exchange rates. The situation remains very varied according to the scale of the health crisis and the group's sectors of intervention in each country. Difficulties appeared in countries where the SII Group is exposed to the aeronautical sector (Germany, Canada, the Netherlands), the automotive sector (Germany, Spain, Czech Republic), transport and tourism (Spain). However, Poland, where exposure to different sectors is very diversified, registered exceptional resistance (+20.8% at constant rates). Three other countries supported international performance with a rate of growth in two figures (at constant rates): Romania (+13.5%), Columbia (+19.8%) and the United Kingdom (+50.6%). Changes in exchange rates slightly reduces performance at current rates outside France, which stands at +2.7%.

Outlook

After a first quarter greatly penalized by the lockdown, the second quarter showed a partial recovery of activities existing before the lockdown accompanied by the launch of new projects.

The current evolution of the health crisis in several countries calls for great caution but the new lockdowns have not resulted in the sudden and large-scale stoppage of projects in progress. On the basis of the situation to date, the next quarter might, once again, show an improvement in the situation in France and a good resistance among our activities overseas.