The SII engineering consultancy group reported revenue of €360.1m for the year ended March 31, 2016, up 13.7 percent from fiscal 2014-2015, including from organic growth of 10.9 percent. The improvement was attributable in part to exceptionally sustained business in the fourth quarter, reflecting an acceleration in growth hinted at over the previous quarters.
In France, a healthy volume of business enabled the Group to generate revenue of €57.7m during the last quarter, solely from a like-for-like increase in sales of 14.5 percent over the same period a year ago. The quarterly surge in activity is indicative of a revitalized domestic market for SII, which took full advantage of its long-term operations and recognized expertise in a broad range of sectors. All of the Group’s business segments contributed to this growth, including its traditional base (aerospace, defense and telecommunications) as well as the new areas in which SII started expanding four years ago (finance and energy). These new sectors confirm the effectiveness of the diversification strategy which is now yielding its first benefits.
Another quarter of strong growth in international operations (up 40.5 percent)
Outside France, business volume remained sustained thanks to double-digit organic growth (14.4 percent to €39 million) and the consolidation during the period of CADCON, SII’s latest acquisition in Germany (which contributed $8.9m in revenue). Overall sales for the quarter rose by 40.5 percent over the fourth quarter of fiscal 2014-2015. Contributing to this growth were SII’s operations in Poland (up 30 percent), Romania (up 40 percent) the Czech Republic (up 64 percent), Spain (up 17 percent) and Chile (up 13 percent).
Outlook and guidance for fiscal 2016-2017
In light of the good conditions in France and at all foreign subsidiaries, as well as the positive recent 2016 projections by industry representatives for the engineering consulting sector, the SII Group is confident that its growth will remain sustained. Details concerning it objectives for the current year will be announced together with the forthcoming publication of its annual financial results for fiscal 2015-2016, on June 1st after the close of trading.