Assystem SA Reports Unaudited Consolidated Revenue Results for the Third Quarter and the Nine Months Ended September 30, 2017; Provides Earnings Guidance for the Full Year of 2017
For the nine months, the company's revenue was EUR 293.4 million against EUR 278.5 million for the same period last year. Based on its new scope of fully-consolidated companies, Assystem's consolidated revenue rose by 5.3% year on year in the first nine months of 2017, breaking down as 4.9% in organic growth (8.2% excluding the impact of the Staffing business), a 1.4% increase due to changes in the scope of consolidation and a 1.0% negative currency effect.
The Group has revised its targets for full-year 2017 as follows: organic revenue growth of between 8.0% and 8.5% at constant exchange rates for the Energy & Infrastructure business (versus c. 10% previously); EUR 45 million in revenue for the Staffing business (versus EUR 50 million previously). The Group is standing by its target of achieving a significant increase in EBITA margin, based on its current scope of fully-consolidated companies.