Acceleration in organic growth in the 3rd quarter: +8.8%
Yearly revenue forecasts revised up to the high end of the initial target range.
Aubay Group posted consolidated revenues of €64.9 million for the third quarter of 2015, up 14.2% based on published figures. Organic growth increased on the first half of 2015 to stand at +8.8%.
All of the regions and countries in which Aubay is present made a positive contribution to internal growth, with the Group’s activities in France increasing +9.7% over the quarter and activities overseas increasing +7.4%. Organic growth for Aubay Group over 9 months amounted to +7.7%.
Recruitment over the third quarter was extremely dynamic yet again despite the summer period. All told, the Group’s ongoing development saw employee numbers rise to 3,968 at the end of September 2015 from 3,881 at the end of June 2015 and 3,400 at the end of September 2014.
Aubay’s rate of activity also reached a record 93.9% compared with a figure of 93.4% for the first half of 2015.
Following on from a strong third quarter, the final three months of 2015 have gotten off to an excellent start. With persistently robust demand across its various markets, Aubay expects to maintain its very high productivity rate in the fourth quarter whilst still actively recruiting new staff. Based on this solid footing, yearly revenues are expected to amount to around €270 million and organic growth to reach the high end of its initial target range of between 5 and 7%. The Group also anticipates a current operating margin of between 8.7% and 8.9%.
Interim dividend of €0.13
Aubay’s Board of Directors has approved the payment of an interim dividend of €0.13 which will be detached at the end of trading on 5 November and paid on 10 November 2015.
Aubay will publish its yearly revenues for 2015 on 27 January 2016 after the close of the markets.