Anzeige
Mehr »
Login
Donnerstag, 28.03.2024 Börsentäglich über 12.000 News von 687 internationalen Medien
Spezial am Donnerstag: Rallye II. - Neuer Anstoß, News und was die Börsencommunity jetzt nicht verpassen will…
Anzeige

Indizes

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Aktien

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Xetra-Orderbuch

Fonds

Kurs

%

Devisen

Kurs

%

Rohstoffe

Kurs

%

Themen

Kurs

%

Erweiterte Suche
GlobeNewswire (Europe)
528 Leser
Artikel bewerten:
(2)

ASSYSTEM: First-half 2020 consolidated revenue and outlook for full-year 2020

First-half 2020 consolidated revenue and outlook for full-year 2020

Paris-La Défense, 30 July 2020, 5.35 p.m. (CEST) - Assystem S.A. (ISIN: FR0000074148 - ASY), a leading player in engineering, today released its revenue figures for the six months ended 30 June 2020 (first-half 2020).

First-half 2020 consolidated revenue
and year-on-year changes (unaudited)

In millions of eurosH1 2019H1 2020Total year-on-year changeLike-for-like year-on-year change*
Group246.5229.5-6.9%-9.4%
Energy & Infrastructure219.9206.2-6.2%-9.0%
Staffing22.720.2-11.1%-11.7%
Other3.93.1--

* Based on a comparable scope of consolidation and constant exchange rates.

Consolidated revenue for the first half of 2020 was down 6.9% year on year. Like-for-like growth was a negative 9.4%, changes in the scope of consolidation had a favourable 2.3% impact and the currency effect was a positive 0.2%. The overall six-month period was marked by the highly negative impact of the Covid-19 pandemic on like-for-like growth for all of Assystem's activities, principally in France from mid-March to mid-May.

ENERGY & INFRASTRUCTURE

Revenue generated by the Energy & Infrastructure division came to €206.2 million for the first six months of 2020, down 6.2% on first-half 2019. Like-for-like growth was a negative 9.0%, changes in the scope of consolidation had a favourable 2.6% impact (mainly stemming from Asco, which has been consolidated since 1 October 2019) and the currency effect was a positive 0.2%.

Revenue from Nuclear activities contracted 5.2% to €141.4 million (representing 62% of total consolidated revenue). Like-for-like growth was a negative 7.6%, changes in the scope of consolidation had a favourable 2.3% impact and the currency effect was a positive 0.1%. Nuclear activities suffered less from the pandemic than the Group's other activities, as French clients moved fully into action to rapidly return to a more or less normal level of activity and international operations recorded robust business levels, particularly in the United Kingdom. This meant that for the month of June revenue from Nuclear activities was slightly higher than for June 2019, based on a comparable scope of consolidation.

Revenue for Energy Transition & Infrastructures (ET&I) decreased 8.4% year on year to €64.8 million. Like-for-like growth was a negative 12.0%, changes in the scope of consolidation had a favourable 3.2% impact and the currency effect was a positive 0.4%. The third quarter of the year should see ET&I return to at least the same level of activity as in 2019 based on a comparable scope of consolidation - a trajectory that was already well under way at end-June 2020.

STAFFING

At €20.2 million, Staffing revenue was down 11.1% on first-half 2019. A number of international projects were affected by the closure of borders.

HEADCOUNT

Assystem had 6,067 employees at 30 June 2020, including 33 at Corporate Risk Associates (CRA), which was acquired in late May 2020.

OUTLOOK FOR FULL-YEAR 2020

Based on the data and projections available to date, for full-year 2020, Assystem is now targeting:
- Consolidated revenue of €485 million, i.e. over €255 million in the second half (versus €251 million in second-half 2019);
- EBITA margin of 5.0%.

The revenue guidance is based on the Group's scope of consolidation remaining the same as at end-June 2020, except for the business classified under "Other" which was sold in early July 2020 and has been deconsolidated since 1 July 2020. The effect of changes in the scope of consolidation is expected to be very limited in the second half of the year in view of the various changes in scope that took place in the second half of 2019 and to date in 2020.

Assystem is closely monitoring the situation at Expleo Group, in which it owns a 38.16% interest. Like the other players in the outsourced R&D market, Expleo Group is very significantly impacted by the steep decrease in business activity in the automotive and aerospace sectors.

UPDATED FINANCIAL CALENDAR FOR 2020

  • 21 September: First-half 2020 results release - Presentation meeting on 22 September at 8.30 a.m. (CEST)
  • 27 October: Third-quarter 2020 revenue release

ABOUT ASSYSTEM
Assystem is an international engineering group. As a key participant in the industry for over 50 years, the Group supports its clients in managing their capital expenditure throughout their asset life cycles. Assystem S.A. is listed on Euronext Paris.
For more information please visit www.assystem.com/ Follow Assystem on Twitter: @Assystem

CONTACTS

Philippe Chevallier
CFO & Deputy CEO
Tel.: +33 (0)1 41 25 28 07



Anne-Charlotte Dagorn
Communications Director
acdagorn@assystem.com (mailto:acdagorn@assystem.com)
Tel.: +33 (0)6 83 03 70 29
Agnès Villeret
Investor relations - Komodo
agnes.villeret@agence-komodo.com
Tel.: +33 (0)6 83 28 04 15

QUARTERLY REVENUE

In millions of eurosQ1 2019Q1 2020Total year-on-year changeLike-for-like year-on-year change*
Group125.8122.9-2.2%-5.3%
Energy & Infrastructure112.2110.3-1.7%-4.8%
Staffing11.510.9-5.1%-7.1%
Other2.11.7--
In millions of eurosQ2 2019Q2 2020Total year-on-year changeLike-for-like year-on-year change*
Group120.7106.6-11.7%-13.7%
Energy & Infrastructure107.795.9-11.0%-13.3%
Staffing11.39.3-17.2%-16.3%
Other1.81.4--

* Based on a comparable scope of consolidation and constant exchange rates.

Attachment

  • Assystem H1 2020 Revenue (https://ml-eu.globenewswire.com/Resource/Download/9fe6b24e-9594-4086-9d3b-c82b0c44dce3)
Großer Dividenden-Report 2024 von Dr. Dennis Riedl
Der kostenlose Dividenden-Report zeigt ganz genau, wo Sie in diesem Jahr zuschlagen können. Das sind die Favoriten von Börsenprofi Dr. Dennis Riedl
Jetzt hier klicken
© 2020 GlobeNewswire (Europe)
Werbehinweise: Die Billigung des Basisprospekts durch die BaFin ist nicht als ihre Befürwortung der angebotenen Wertpapiere zu verstehen. Wir empfehlen Interessenten und potenziellen Anlegern den Basisprospekt und die Endgültigen Bedingungen zu lesen, bevor sie eine Anlageentscheidung treffen, um sich möglichst umfassend zu informieren, insbesondere über die potenziellen Risiken und Chancen des Wertpapiers. Sie sind im Begriff, ein Produkt zu erwerben, das nicht einfach ist und schwer zu verstehen sein kann.