Q4 2016 Financial Information

2016 revenues: €326.4 million
Growth of 19.2% (8.7% in organic terms)

Aubay Group finished 2016 with revenues of €326.4 million, up 19.2% (8.7% in organic terms) and ahead of its revised objective of €325 million announced in July 2016 on the publication of its turnover for the first half of the year.

Organic growth for the year was balanced between the Group’s operations in France and overseas, with both enjoying internal growth of 9.1% and 8.1% respectively. Organic growth came in at 5.0% for the fourth quarter alone, with activities in France accounting for 3.8% and activities overseas for 7.0% despite a calendar impact of -2.2% linked to the 1.5 days less of invoicing across the board. As such, the Group continued to significantly outperform its benchmark market.

Aubay’s headcount amounted to 4,899 employees on 31 December 2016 as against 4,667 one year earlier. The rate of activity for the Group’s engineers stood at 93.5% for the fourth quarter of 2016.

Confirmation that the profitability target has been exceeded

Thanks to an excellent end to the year, Aubay has confirmed that it will exceed its forecast current operating margin of 9.1% announced last November on the publication of its turnover for the final quarter.

The Group will also report a positive net cash position for 31 December 2016.

Outlook

2017 has gotten off to a strong start in line with previous quarters, with sustained demand from key clients across all regions.

Aubay is currently ramping up its recruitment drives, and will be looking to achieve organic growth of between 5% and 7% in 2017 on the back of a middle-of-the-range forecast of €346 million in revenues.

The target figure for its current operating margin in 2017 will be announced on the publication of the Group’s definitive results on 15 March 2017 at the end of the trading day.

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