Vision IT Group SA : VISION IT GROUP: RESULTS OF THE 2011 FINANCIAL YEAR

PRESS RELEASE

Lasne, April 4, 2012
Regulatory Information

VISION IT GROUP: RESULTS OF THE 2011 FINANCIAL YEARGrowth in Annual Revenue: + 13%

* According to IFRS 5 standards "non-current assets held for sale and discontinued operations", resultsfor 2010 and 2011 of the Vertical AG subsidiary (Switzerland), liquidated at the end of November 2011, were shown on a different line "Net Result of discontinued operations".

The second half of 2011 marks the return of Vision IT Group to decent profitability after a first half of the year impacted by significant restructurings. Philippe Muffat-es-Jacques and Marc Urbany, co-presidents of Vision IT Group, explained that "The profitability of the second half of the year remains below the Group's ambitions but demonstrates the responsiveness of our teams after the difficult first semester 2011. The causes of the mishap encountered at the beginning of last year were very quickly identified and controlled. The measures that were taken and the savings plan that was implemented in the second half of 2011 enabled us to re-establish margin levels that approach our standards. We are entering the 2012 fiscal year
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in excellent conditions. The strong integration of the Group and its proximity to local business have accounted for this reactivity."

Overall, 2011 showed a solid level of activity despite pressure on prices from major customers. Thanks to the performance of the sales teams, the pertinent offers, and to the numerous client references, activity remained strong in all countries, even in Spain and Italy where local markets are in recession.

The margin improvement made during the second half of the year helped accelerate the Group's development strategy around 4 major European economic areas: France (39% of turnover), Germany (23%), BeNeLux (26%) and Southern Europe (12%). The Group undertook significant re-organization measures around these 4 areas and accelerates the integration of various subsidiaries to improve synergies and reduce operating costs. In two years, the Group plans to merge, absorb or dissolve eight legal entities.
At the same time, the Group continues to pursue its commitment to sustain its consulting activities with higher added-value. Vision Consulting Group will soon represent 50% of sales revenue.

During the 2011 Fiscal Year, operating activities generated a positive cash flow of + €3,5M. The return to higher profitability and efforts on client payments (-4 days of DSO) have generated + €5.7M of cash flow in the second half of the year, offsetting the first half of the year (- €2.2M).
The net debt of Vision IT Group improves as of 31 December 2011 and settles at
- €16.6M versus - €21.0M as of 30 June 2011, and - €17.5M as of 31 December 2010, after
€3.2M of investments and despite the costs associated with the reorganization plan fully
implemented in 2011. Reducing the Group's net debt will continue in 2012.
Gearing as of 31 December 2011 is 45% versus 54% as of 30 June 2011, and 46% as of 31
December 2010.
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Vision IT Group reports a strong start to the 2012 year thanks to the numerous procurement agreements. The willingness of many major customers to reduce the number of their consulting and IT services enables Vision IT Group to maintain a high level of activity in all countries. Thanks to the savings plan in place since the summer of 2011, it is assumed that the profitability of the first half of the year will be much higher. The main challenge at the start of 2012 is the ability to recruit quality consultants in several countries where the Group is present.

Next Press Release on May 15, 2012 after market closure: First Quarter 2012 Revenue

European Group founded in 2001, chaired by Marc Urbany and Philippe Muffat-es-Jacques, Vision IT Group is a consultancy and expertise Group specializing in IT center performance management and optimization, the development of business applications based on innovative technologies, and consultancy via Vision Consulting Group (business consultancy, software quality consultancy and training). Vision IT Group enables its c lients to focus on their core business and gain market share by implementing innovative IT solutions. With a presence in nine European countries (Germany, Belgium, Spain, France, Great Britain, Italy, Luxembourg, the Netherlands and Portugal), Vision IT Group boasts 1,098 experts. Listed simultaneously on the Alternext NYSE Euronext Brussels and the NYSE Euronext Paris, Vision IT Group realized 117.3M€ of revenue for 2011. Its rapid development relies primarily on the quality of its consultants (90% experts) and on its "Grid Company" operating model which consists of pooling the expertise of the companies in the Group.

Céline Coucaud, Communications Director

Tél : +33 (0)1 41 09 77 00 - celine.coucaud@visionitgroup.com

Manuel Michel, CFO

Tél : +32 (0)2 389 14 80 - investor@visionitgroup.com

www.visionitgroup.com www.visionconsulting.com
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* According to IFRS 5 standards "non-current assets held for sale and discontinued operations", resultsfor 2010 and 2011 of the Vertical AG subsidiary (Switzerland), liquidated at the end of November 2011, were shown on a different line "Net Result of discontinued operations".

(1) The 2011 accounts of Vision IT Group have been approved by the Board of Directors who met on April 3,

2012. They are subject to all audit procedures by the Commissioner and his report is in the process of being issued.

(2) The operating margin is the key indicator of the Group. It is defined as being the difference between revenues and operating expenses, these being equal to the total cost of services rendered (costs necessary for the implementation of projects), sales costs, and general and administrative expenses.

(3) The Operating profit includes the Group's processing costs, acquisition costs, amortization of client portfolios, and other products and operational costs.

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This press release was issued by Vision IT Group SA and was initially posted at http://www.visionitgroup.com/opencms/export/sites/visionIT/downloads/2012-04-04-Resultats_2011_EN.pd f . It was distributed, unedited and unaltered, by noodls on 2012-04-04 18:29:35 PM. The issuer is solely responsible for the accuracy of the information contained therein.