NEURONES: +5.8% organic growth in Q1 2018

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PRESS INFORMATION Nanterre, May 9, 2018 (after trading)Heading: Revenues Q12018 +5.8% organic growth in Q1 2018 (in € millions) Q1 2017restated IFRS15 (*) Q1 2018IFRS15 (*) growth of which organic Revenues 121.8 124.1 +1.9% +5.8% Achievements In ...

PRESS INFORMATION
Nanterre, May 9, 2018 (after trading)
Heading: Revenues Q12018

+5.8% organic growth in Q1 2018

(in € millions) Q1 2017
restated IFRS15 (*)
Q1 2018
IFRS15 (*)
growth of which organic
Revenues 121.8 124.1 +1.9% +5.8%

Achievements

In the first quarter 2018, the group achieved 5.8% organic growth (compared to 13.5% in Q1 2017 which included an additional business day).

The operating profit over the quarter amounted to 8.4% (**) of revenues.

Compared to the 2017 reference document (available on www.neurones.net), the financial situation did not experience any significant changes.

Outlook

With constant structures, NEURONES forecasts the following for 2018:

-  approximately €490 million in revenues (with application of IFRS15),

-  an operating profit of approximately 9% of revenues.

 (*) Under the new IFRS15 standard applicable since January 1, 2018, for sales of software and hardware (mostly made in the framework of turnkey projects), only the gross margin is recognized in revenues, rather than the amount of sales as before. Therefore, starting in 2018, revenues are published in accordance with IFRS15. Revenues for the first quarter 2017 are restated for comparison purposes. Application of this standard reduces the group's revenues by around €9 million in 2017 and 2018, but naturally with no impact on operating profit.

(**) Unaudited and after inclusion of 0.3% expenses related to bonus shares.

About NEURONES
With over 5,100 employees, the NEURONES group specializes in Consulting (Management, Organization and Digital) and IT Services (Infrastructures and Applications). It supports its clients in their digital transformation and information system outsourcing projects.

Euronext Paris (compartment B - NRO) - Enternext Tech 40 - SRD medium values

www.neurones.net

Press Relations:
Florence Gillier Communication
Sabine GROSDIDIER
Tel.: +33 1 41 18 85 55
sabineg@fgcom.fr
 

NEURONES
Matthieu VAUTIER
Tel.: +33 1 41 37 41 37
rp@neurones.net
Investor Relations:
NEURONES
Paul-César BONNEL
Tel.: +33 1 41 37 41 37
investisseurs@neurones.net
 



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NEURONES via Globenewswire

Source(s) : NEURONES

Complément d'information
  • INFORMATION PRESSE Rubrique: Résultats 1er semestre 2018 Nanterre, le 5 septembre 2018 (après Bourse) 8,5% de résultat opérationnel au 1er semestre 2018 Comptes au 30 juin (audités et en M€) S1 2017 2017 S1 2018 Chiffre d'affaires ...
  • PRESS INFORMATION Heading: 1st half 2018 results Nanterre, September 5, 2018 (after trading) 8.5% operating profit in the 1st half 2018 Accounts at June 30 (audited in € millions) H1 2017 2017 H1 2018 Revenues (*) 245 485 243.1 ...
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