Q1 2019 Financial information


2019 first-quarter revenue :
+5.8% to €105.2 million

Aubay posted a very solid first quarter in 2019, with revenue increasing 5.8% in purely organic terms to €105.2 million despite an unfavorable calendar effect with one less billable day than in the first quarter of 2018. Growth was consistent between the regions, up 6.1% in France and 5.5% internationally.

In France and internationally the market remained dynamic in the first quarter and Aubay continued to win new market share.

Sales prices continued their upward trajectory, in France and Portugal in particular, which also contributed to growth. Aubay’s headcount increased slightly from end-2018 levels in keeping with the Group’s usual seasonal trends in net recruitment figures. At the end of March, the headcount was 6,189 compared with 5,886 at end-March 2018 and 6,166 at end-December 2018.

Productivity remained strong, coming in at 92.7% versus a figure of 93.0% one year earlier.

Outlook for 2019

Based on a good first quarter slightly exceeding internal forecasts, Aubay is confident about achieving the 2019 targets set on the publication of its annual results:

  • Revenue of €425 million, corresponding to organic growth of 5%-7%;
  • Operating margin from ordinary activities between 5% and 10.5%.

Aubay’s 2019 second-quarter revenue will be published on July 18, 2019 after the close of trading.

For further information, visit the Finance section on the group website at www.aubay.com.
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