Annual revenue for fiscal 2018/2019
The SII engineering consulting group has released its annual revenue figures for fiscal 2018-2019.
Eric Matteucci, Chairman of the Management Board, says: “Driven by its technology expertise, the SII Group has recorded yearly turnover of €631.4m for an increase of 12.6%, out-performing its reference market. The fiscal year has ended with a fourth quarter showing a nearly 11% increase from last fiscal year. This strong fiscal year 2018/2019 demonstrates the SII Group's ability to anticipate and respond to its clients’ needs, thanks in particular to the dedication of its teams in France and around the world. Based on its strong expertise, the SII Group is confident that it will continue to grow”.
The SII Group has recorded yearly turnover of €631.4m for fiscal year ending 31 March 2019. Growth, which has been in the double digits for four straight years, has increased by 12.6% from fiscal year 2017/2018. 54% of turnover was generated in France, compared with 56% last fiscal year. For the whole fiscal year 2018/2019, organic growth was 13.1%, substantially outperforming the reference market.
Brisk business in France
In France, the SII Group recorded turnover of €341.9m for the full fiscal year, representing an 8.5% increase from fiscal year 2017/2018. In the last quarter, sales generated turnover of €94.0m. This performance is being driven by all markets (Aviation, Defense, Banking-Insurance-Mutual Funds, Telecoms, Energy, Transport, Retail and Distribution).
Strong international growth
International activity picked up over the course of the fiscal year with turnover of €289.5m, representing 46% of the SII Group's total revenue. Business volume increased 17.7% from last fiscal year. Organic growth (activity corrected for currency effects) was 18.9%.
SIn the fourth quarter, international activity grew by 16.0% with turnover of €78.5m. This quarterly trend was mainly driven by performance in Poland (+27%), Chile (+114%), Canada (+59%), and Romania (+13%).
Over the full year, activity decreased in Germany (-4%) and the Czech Republic (-6%), and remained stable in Belgium. All other countries contributed to the Group's growth.
With turnover in line with expectations, the SII Group has met its objective of increasing the operating margin for the full fiscal year.
With regard to trends in the sector and positive outlooks for 2019 published by representatives of the digital sector, the SII Group is confident that it will continue to grow.
More details about objectives for the current 2019/2020 fiscal year will be provided in the next publication of fiscal year 2018/2019 yearly results.
Attachment: Revenue by quarter
Improvement in international operating margin
10% organic growth expected in 2021-2022
Return to growth in France in Q4: +3.0%
International growth: +8.2%
Continued gradual recovery in activity in France
International activity still growing in Q3: +1,8%