Annual revenue 2021/2022
The SII Group, which specializes in engineering businesses, has annonced its annual revenue for the 2021-2022 financial year.
Eric Matteucci, Chairman of the Management Board, commented: “This final quarter underlines the very good performance achieved quarter after quarter. This 2021-2022 financial year has seen a remarkable performance that is clearly above sector growth. In a context where the digital market is developing at a steady pace, the whole SII group has taken full advantage of opportunities on all its markets and geographical sectors. Above all, this success reflects the work of all our teams and demonstrates the trust our clients place in us. It also fuels our future ambitions.”
* excluding acquisitions and the effect of exchange rate (2020-2021 exchange rates applied to 2021-2022 revenue)
The SII group achieved a turnover of €828.9m over the financial year 2021-2022, up 26.7% (up 27.0% on a like-for-like basis and at constant rates). This historic performance was achieved despite an uncertain environment still troubled by the health crisis and, more recently, by the ongoing geopolitical situation in Ukraine. In the fourth quarter of the year, sales exceeded €200 million for the second time in a row, reaching €239.9 million, up 30.7% compared to the fourth quarter of the previous year (30.2% growth at constant scope and exchange rates).
A record growth in France largely higher than the performances of the sector
During the 4th quarter, the SII group achieved a turnover of €110.1m, in growth of 19.9% compared to the same quarter of the financial year. This renewed growth is sustained by the continued increase in the average number of employees (+13.5%) as well as by the improvement in the activity rate (90.4%), up by more than 3 points compared to the previous financial year. All business lines contributed to this performance through their volume of projects. In total for the entire financial year, turnover in France reached €383.4m, up 21.5%.
An exceptional momentum of growth in the International, beyond the expectations of the Group
In the International, the SII group records, on the last quarter of the financial year 2021-2022, a turnover of €129.8m in growth of 41.4% (40.4% on a like-for-like basis and at constant rates). Over the whole financial year, international sales reached €445.5m, an increase of 31.5%. All countries contributed positively to this performance: Poland (+33.8%), Spain (+27.9%), Germany (+1.0%), Romania (+58.7%), Chile (+41.8%), Belgium (+89.9% of which 10.2% on a like-for-like basis), Canada (+31.2%), United-Kingdom (+46.3%), Morocco (+45.4%), Czech Republic (+62.4%), the Netherlands (+10.0%) and Colombia (+22.1%). All geographical markets in which the Group operates currently enjoy a high level of demand. Our team (30 people) in Ukraine, which works on projects for Germany, continues its activities with great difficulty.
On the exercise, the group SII realised an organic growth of 27.0%, with performances on the last quarter superior to the expectations announced in the press release of February 10th. This performance will result in an improvement in operating margin compared to the level prior to the health crisis (year ending 31 March 2019), in line with the announced targets.
The group SII plans to continue to deliver a significant organic growth on the next financial year. However, in a context of reduced visibility, the group remains alert to factors that could slow down its momentum. The SII group will specify its annual ambitions for 2022-2023 when it posts its results for the 2021-2022 financial year in terms of both turnover and operating margin.
ATTACHMENT: Revenue by quarter
*: excluding the impact of acquisition and exchange rate fluctuations (previous year’s rates applied to current year’s revenue)
Continued growth in France in Q3 +16%, international + 34,7%
Growth target raised further : >22%, €800m revenue expected
Operating income : €35.2m
Net income after minority interests : €27.9m
Growth of 24.9% (France +25,8% and International +24,2%)
Upward revision of the growth objective: at least +15% expected over the full financial year