In €M | Q2 2013 | Q2 2012* | Var. | H1 2013 | H1 2012* | Var. |
Revenue | 24.9 | 25.8 | -3.3% | 51.0 | 53.7 | -5.0% |
Revenue Breakdown per region Non-audited figures (in €M) | H1 2013 | H1 2012* | Organic Growth H1 2013 / H1 2012 |
Francophone Zone | 31.5 | 32.5 | -3.1% |
Germany | 9.2 | 9.7 | -5.2% |
North & South | 10.3 | 11.5 | -10.4% |
Consolidated Revenue | 51.0 | 53.7 | -5.0% |
The Group shows a decrease of 5% in sales for the first half of 2013. The main reason is the negative calendar effect that impacted all regions (2 fewer working days compared to 2012).
The Francophone Zone achieved a sales revenue of €31.5M, a decrease of 3.1% compared to the first half of 2012. Activity in Luxembourg continued its first quarter 2013 momentum with an organic growth of 9.0% throughout the half thanks to the investment of the managerial team.
In Germany, second quarter 2013 sales revenue is in line with that of the same period in
2012, a significant improvement compared to the first quarter of 2013. First half sales revenue records a decrease of 5.2% given the poor performance of the first quarter.
The North & South region shows a revenue of €10.3M, down 10.4% against 13.6% in the first quarter. The Spanish-speaking zone, however, managed a much better second quarter of
2013 with stable activity compared to 2012 due to sales momentum provided by Panama.
The Spanish subsidiary recorded an increase in orders for the first time in many quarters.
* Figures readjusted without SPS Consulting & Services, Vision IT Unternehmensberatung, Cafra and MvB Consulting (Germany) discontinued during the 2012 fiscal year according to IFRS 5 standards and the Consulting branch of Vision Sisge (Italy) sold on December 31, 2012.
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OutlookDespite a difficult economic environment with continuing pressure on prices, Vision IT Group has a dynamic business producing a strong level of activity which has shown improvements since the beginning of the year. Thanks to the completion of restructuring efforts which have been carried out the past two years, the opening of a new office in Panama where business is much more dynamic than in the European market, and the implementation of its strategic plan Next Vision, the Group is expected to return to positive organic growth within all of its subsidiaries in the second half of 2013.
Next Press Release on September 25, 2013 after market closure: Results of First Half 2013 Sales Revenue
About Vision IT GroupA European Group founded in 2001, chaired by Marc Urbany and Philippe Muffat-es-Jacques, Vision IT Group is a Digital Consultancy Company whose expertise is centered around three main areas: consulting and training through Vision Consulting, management of software quality through Vision SQM, and management of IT centers (including a Cloud Computing offer), development of business applications based on innovative technologies and integration with Vision IT.
Vision IT Group enables its clients to focus on their core business and gain market share by implementing innovative IT solutions. Present in 9 European countries, as well as in Panama since early 2013 and articulated around 3 strategic regions (Francophone area, Germany and North & South), Vision IT Group boasts 1,005 experts (excluding employees of the discontinued entities and subcontractors).
Listed simultaneously on the Alternext NYSE Euronext Brussels and Paris, Vision IT Group realized
€105.3M of revenue for 2012. 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.
Alternext NYSE Euronext Brussels and Paris (VIT) - ISIN Code : BE0003882025 Contacts Vision IT GroupLaure Petel, Financial Communications Manager
Tel: +33 (0)1 41 09 77 00 - lpetel@visionitgroup.fr
Philippe Muffat-es-Jacques, Co-President
Tel: +33 (0)1 41 09 77 00 - investors@visionitgroup.com
www.visionitgroup.com www.visionconsulting.com
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