SII Group, which specialises in engineering business, has announced its first quarter revenue for the 2022-2023 financial year.
Eric Matteucci, Chairman of the Management Board, commented: “The first quarter of the 2022-2023 financial year was in line with the previous quarter and thus posted a very good performance. In a deteriorating macroeconomic environment, demand over the quarter remained high and our teams took advantage of the opportunities thus created. This first quarter is a perfect launch of our new financial year and secures our scenario for the first semester.”
* excluding external growth and exchange rate effects (exchange rate 2021-2022 applied to 2022-2023 revenue)
SII Group, a specialist in engineering businesses, registered revenue of €238.5 million during the first quarter of the 2022-2023 financial year, up 27.4%. All geographical units contributed to this positive performance, with the only exception of Spain where the comparison base was high. This performance was driven by an activity rate at its highest level in nearly three years, a change in headcount linked to the level of recruitment for the previous financial year and excellent sales performance of all teams.
Continued growth in France
In France, the SII Group achieved a revenue of €102.0m during the first quarter of the financial year 2022-2023, i.e. a 13.0% entirely organic growth. The Activity Rate Excluding Holidays (AREH) reached 90.9% during the quarter, coming to the optimum. All major business areas in which the SII Group operates contributed to this performance. The teams thus achieved a fifth consecutive quarter of double-digit organic growth.
International business maintained an exceptional organic growth rate
Internationally, the SII Group recorded a quarterly revenue of €136.5 million, up 40.9% compared to the first quarter of the previous year. With the exception of Spain (-3%), which had a strong comparison base, all countries continued to grow organically, with some outperforming the plan, including: Poland (+43%), Germany (+31%), Romania (+88,0%), Chile (+56%), le Canada (+82%) and Czech Republic (+73%).
Prospects
The performance achieved during the first quarter enabled us to confidently confirm the outlook expected for the entire first semester of this financial year. This means double-digit organic revenue growth, which is now expected to exceed 20% in the first semester, and an operating margin of between 9 and 10%, provided if there is no major change in the health and geopolitical situation.
Proposed dividend of €0.40 per share
In keeping with the SII Group’s distribution policy and returns to the shareholders, the next shareholders’ meeting, scheduled for September 22, 2022, will be asked to approve the payment of a dividend of €0.40 per share.
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