Strong half-year figures for the Ausy Group: increase in turnover of 32.6%
During the first half of the year, the Ausy Group demonstrated that the company was able to make positive progress even in a difficult economic climate. At the end of last year, Ausy noted an accelerated growth that held firm during the first six months of this year. In addition to the organic growth, the company took over and successfully integrated five companies during 2009.
The audited balance sheets for the first six months closed on 25 August and showed the following:
In M€, audited on 30/06/2010 | 2009 | 2010 | Difference |
Turnover | 72.1 | 95.6 | +32.6% |
Current operational result | 3.2 | 6.5 | X 2 |
As a % of the turnover | 4.5% | 6.8% |
|
Net result | 1.9 | 3.9 | X 2.1 |
As a % of the turnover | 2.7% | 4.1% |
|
Turnover increased by 32.6% during the first half of the year.
Turnover on 30 June 2010 amounted to EUR 95.6 M, which represents an increase of almost 33% compared to last year. Activities grew both in France (+11.8%) as well as in Belgium (+15.2%). This brings the total organic growth of the group to 12%.
The operational result for this same period has doubled.
In France, the strong increase in the number of new recruits is the result of a larger demand and influx of structural projects. This has had a positive impact on the profitability of the company. Together with the necessary financial leverage, the operational result came out at 73% (EUR 5.7 M) compared to 4.9% on 30 June 2009 (EUR 3.3 M). The successful integration of DataFlow brought about growth and a positive result in Belgium. The operational result came out at 4.2% compared to -4.7% for the same period of the previous year. This meant that the total result for the group was EUR 6.5 M (6.8% of turnover) compared to EUR 3.2 M in 2009 (4.5%).
EUR 29.5 M in available assets on 30 June 2010
Parallel to the strong increase in activities within the group, Ausy also succeeded in increasing profitability. Financial costs remain low at 0.4% of turnover and available assets grew to almost EUR 30 M. These assets will enable the group to continue its external growth strategy. The net result of the group rose to EUR 3.9 M, which is 41% of the turnover. Last year, this was 2.7%. This result has strengthened the current balance-sheet structure of the group.
Recent developments and outlook
After achieving the ‘CAP2009’ plan that closed on 31 December of last year with growth in turnover of 77% over three years, Ausy has set itself a new and ambitious plan. The first phase involves doubling the volume by the end of 2012. The results of the first six months and the short- and long-term prospects confirm the Group’s confidence in achieving this goal.
Contact:
Ausy: investors@ausy.fr
ACTIFIN – press relations
cmasson@actifin.fr
+33 (0)1 56881111
