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Annual Revenue for fiscal 2017/2018

05-15-2018
Annual Revenue for fiscal 2017/2018



Annual revenue at €560.9m for fiscal 2017-2018 exceeds guidance

Growth remains sustained at 27.8 percent, including organic growth of 15.6 percent






The SII engineering consulting group has released its annual revenue figures for fiscal 2017-2018.


Management board chairman Eric Matteucci commented that “The SII Group’s revenue for the year was up 27.8 percent to €560.9 million, exceeding our target of €545 million. Organic growth reached 15.6 percent, well above the average for our sector. Results for the fourth quarter were in line with those of the first nine months of the year. I wish to thank all our teams, in France and abroad, for their strong commitment, and all our clients who have remained loyal to us for many years. Our results confirm the fact that we have followed the right strategy and make us confident about the continued development of the SII Group.”

The SII Group reported revenue of €560.9m for the year ended March 31, 2018, exceeding its own forecast and up 27.8 percent from fiscal 2016-2017. Feel Europe, whose full results were included in consolidation for the first time, contributed revenue of €53.9m (including organic growth of €4.6m). For the year as a whole, organic growth amounted to 15.6 percent, a remarkable result given that the period had significantly fewer working days (5 less than in fiscal 2016-2017).

Marked growth in France

Business in France generated revenue of €314.97m. Excellent results in the Group’s traditional lines of business combined with the addition of Feel Europe to produce growth of 33.8 percent there, including organic growth of 12.8 percent.
In the last quarter of the fiscal year, sales reached €87.73m, a 26.5-percent improvement (including 13.2 percent on a like-for-like basis) over the same period in fiscal 2016-2017.

Continued expansion of international operations

Revenue from international operations increased by 20.9 percent (of which 19.4 percent was organic growth) from the previous year, to €245.93m. Business in Poland, which accounted for 21.6 percent of the Group’s annual revenue, continued to grow significantly (by 35 percent to €121.3m for the year). In Germany, where revenue was unchanged during the first half, it finished the year up 9 percent, helped in part by expanded activities and a favorable base effect for Cadcon’s traditional business. Revenue in Spain was up 7 percent for the year but continued to be adversely affected by geopolitical troubles in Catalonia. Operations in other countries also contributed to growth, including in Romania (up 12 percent), Canada (up 249 percent), Morocco (up 69 percent), Colombia (up 34 percent) and The Netherlands (up 26 percent).
In the fourth quarter alone, revenue from international operations rose by 23.5 percent to €68.01m, largely due to organic growth of 20.1 percent.

Outlook

In spite of an unfavorable calendar with fewer working days, the SII Group’s revenue continued to grow at a sustained pace and surpassed management’s guidance. The Group can confirm that its operating profit for fiscal 2017-2018 will be higher, although, as anticipated, the improvement will not be as significant as in sales.
More detailed information on the outlook for fiscal 2018-2019 will be provided with the announcement of the financial results for fiscal 2017-2018.

ATTACHMENT: Revenue by quarter



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