Q3 2017 Financial information

2017 revenue: €353.6 million

Q4 2017 revenue: €102.5 million

Acceleration in organic growth in the third quarter: +6.6%



Aubay posted consolidated revenues of €80.8 million for the third quarter of 2017, up 6.6% on an entirely organic basis. The acceleration in relation to the first six months of 2017 was seen both in France (3.5% vs. 1.9%) and in the Group’s International activities (10.5% vs. 5.9%), and was all the more remarkable given that it was achieved with one day less of invoicing than in the third quarter of 2016 and a very high base effect (organic growth of 7.2% in Q3 2016).

Organic growth for Aubay amounted to 4.6% for the first nine months of 2017, up 2.4% in France and 7.3% outside France.

Digital transformation was the main driver behind investments and acted as a catalyst for demand across all areas of client information systems.

The time and effort spent on human resources and in particular on recruitment paid off and will be maintained. Employee numbers increased sharply from 5,057 at the end of June 2017 to 5,182 at the end of September 2017, representing a total of 125 new hires in the third quarter alone. Including the employees integrated following the recent acquisition in Italy, which was consolidated from 1 October 2017, the Group’s headcount rose above 5,700 members of staff.

Aubay’s rate of activity for the period reached a high 94.0% compared with a figure of 94.2% for the third quarter of 2016. This rate has increased quarter-on-quarter over the current year in a market where demand for specialist expertise is very high.

Outlook

Demand remained upbeat amongst all clients and across all geographic regions. Aubay has confirmed its revised targets announced on 13 September, namely:

  • Organic growth of between 5% and 7% in revenues to €353 million following the acquisition in Italy which was consolidated from 1 October.
  • A current operating margin of between 9% and 10% for the year.

Interim dividend of €0.23 per share

Aubay’s Board of Directors has approved the payment of an interim dividend of €0.23 which will be detached at the end of trading on 7 November and paid on 10 November 2017.

Aubay will publish its yearly revenues for 2017 on 25 January 2018 after the close of the markets.
For further information, visit the Finance section on the group website at www.aubay.com.

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