Revenue for the first half of 2021/2022
SII Groupe SII, which specialises in engineering businesses, has annonced its first semester revenue for 2021-2022 financial year.
Eric Matteucci, Chairman of the Management Board, commented: “The first half of the 2021-2022 financial year shows a remarkable performance for the entire SII group. The group is returning to its pre-health crisis trajectory and has revenue more than 15% higher than that generated during the first half of the 2019-2020 financial year. This growth is fueled by all the economic sectors in which we operate and almost all of our geographic locations. These results confirm the appropriateness of the SII group’s strategy and the commitment of all the teams.”
* excluding the effect of exchange rates (2020-2021 exchange rates applied to 2021-2022 revenue)
The SII group, a specialist in the engineering professions, had revenue of €376.3m in the first half of the 2021-2022 financial year, an increase of 24.9% with a growth momentum in France and worldwide that was almost equivalent. In the second quarter of the 2021-2022 financial year, revenue was up 23.0%.
Very dynamic activity in France
The second quarter once again posted strong fully organic growth. Revenue reached €86.1m, representing an increase of 18.5%. This performance is fueled by a level of activity very close to normal (TACE - activity rate excluding leave of 90%) and an increase in the number of employees over the period.
Overall, for the entire half-year, revenue generated in France amounted to €176.3m
Nouvelle accélération du rythme de croissance à l’International
A l’International, le groupe SII enregistre un chiffre d’affaires trimestriel de 103,0 M€ en croissance de 28,9% à taux constants par rapport au deuxième trimestre de l’exercice précédent. Plusieurs pays participent activement à cette croissance organique : la Pologne (+33%), l’Espagne (+40%), la Roumanie (+46%), le Chili (+42%), le Maroc (+35%), le Royaume-Uni (+26%), la République Tchèque (+52%), la Belgique (+25%), la Colombie (+22%) et le Canada (+14%). L’Espagne confirme ainsi le rebond de son activité bénéficiant des premières mesures de la restructuration de son organisation. Seuls deux pays n’affichent pas une hausse de l’activité sur le trimestre : l’Allemagne dont la décroissance ralentit toutefois (-8% sur le deuxième trimestre, contre -17% au premier trimestre) et les Pays-Bas où l’activité stagne.
Au global sur l’ensemble du semestre, le chiffre d’affaires généré à l’International est de 200,0 M€.
Expansion of the service offering in Belgium with the acquisition of ANANKEI BV
On October 28, 2021, the SII group announced the acquisition of 100% of ANANKEI BV, whose head office is located at Louvain in Belgium. This company, which has 100 employees, meets the needs of around fifteen major international account customers, mainly in the Telecoms, Banking-Finance-Insurance and Energy sectors. ANANKEI BV achieved revenue of almost €8m in 2020. This acquisition was entirely made for cash and the activities are consolidated in the accounts of the SII group as from November 1, 2021.
The activity for the first half of 2021-2022 shows performance above expectations. While the economic and health conditions remain unstable, this first half has led the group to revise its revenue growth outlook upward for the full financial year. Subject to controlled changes in the health situation and a general economic situation without major upheaval, the SII group should experience, for this 2021-2022 financial year ended on 31 March 2022, organic growth in its revenue of at least 15%, instead of 10% as announced on June 9, 2021. The SII group also confirms that it anticipates an improvement in its operating margin over the financial year.
Operating income : €35.2m
Net income after minority interests : €27.9m
Improvement in international operating margin
10% organic growth expected in 2021-2022