First-half 2023 consolidated revenue and outlook for full-year 2023
First-half 2023 consolidated revenue
and year-on-year changes (unaudited)
In € millions | H1 2022 | H1 2023 | Total year-on-year change | Like-for-like year-on-year change |
Group | 241.7 | 282.5 | +16.9% | +13.9% |
Nuclear(1) | 171.7 | 198.1 | +15.4% | +15.8% |
ET&I(1) | 69.9 | 84.4 | +20.6% | +9.1% |
(1) Consolidation of the
Assystem’s business activities in the Pacific area (due to be sold in 2023) represented €5.0 million in revenue in H1 2022 and €6.3 million in H1 2023.
Assystem’s consolidated revenue totalled €282.5 million in the first half of 2023, up 16.9% on first-half 2022. The year-on-year increase breaks down as 13.9% in like-for-like growth, a positive 3.9% impact from changes in the scope of consolidation (due to the consolidation of
The Group’s solid like-for-like growth was driven by robust demand in all of our businesses, as well as by the success of our recruitment campaign carried out upstream of projects as from Q4 2022, enabling the planned number of employees to be reached.
NUCLEAR (70% of consolidated revenue)
Revenue from Nuclear activities totalled €198.1 million versus €171.7 million in the first half of 2022. This 15.4% year-on-year increase includes 15.8% like-for-like growth, a positive 0.4% impact from changes in the scope of consolidation, and a negative 0.9% currency effect.
Growth for this segment was buoyant in
ENERGY TRANSITION & INFRASTRUCTURES (ET&I)
ET&I revenue came to €84.4 million in the first half of 2023, compared with €69.9 million in first-half 2022. Total year-on-year growth was 20.6%, breaking down as 9.1% like-for-like growth, a positive 12.3% impact from changes in the scope of consolidation, and a negative 0.8% currency effect.
The increasing contribution of siting studies as part of the Group’s major infrastructure contracts in Saudi Arabia since the second quarter of 2022 has now steadied, at a high level compared with 2022.
OUTLOOK FOR FULL-YEAR 2023
Taking into account this disposal, Assystem’s targets for full-year 2023 are as follows:
- consolidated revenue of around €570 million;
- and EBITA(1) of around €35 million.
These targets are based on the assumption that the macroeconomic, geopolitical and public health context will remain similar to the situation in the first half of the year.
2023 FINANCIAL CALENDAR
- 13 September: First-half 2023 results release – Results presentation on 14 September at
8.30 a.m. (CEST) - 26 October: Third-quarter 2023 revenue release
ABOUT
In its 12 countries of operation, Assystem’s 6,500 experts are supporting energy transition. To achieve an affordable low carbon energy supply,
For more information please visit www.assystem.com / Follow Assystem on Twitter: @Assystem
CONTACTS
Malène Korvin – Chief Financial Officer – mkorvin@assystem.com - Tel.: +33 (0)1 41 25 29 00
(1) Operating profit before non-recurring items (EBITA – Earning Before Interest and Taxes – from Activity) including share of profit of equity accounted investees (other than
QUARTERLY REVENUE
In € millions | Q1 2022 reported | Q1 2022 restated(1) | Q1 2023 | Total year-on-year change(2) | Like-for-like year-on-year change(2) | |||||
Group(3) | 129.1 | 120.2 | 143.8 | +19.7% | +16.4% | |||||
Nuclear | 87.7 | 87.7 | 100.9 | +15.0% | +15.7% | |||||
ET&I(1) | 41.4 | 32.5 | 42.9 | +32.1% | +18.3% | |||||
In € millions | Q2 2022 | Q2 2023 | Total year-on-year change(2) | Like-for-like year-on-year change(2) | ||||||
Group(3) | 121.5 | 138.6 | +14.1% | +11.4% | ||||||
Nuclear | 84.0 | 97.2 | +15.7% | +16.2% | ||||||
ET&I(1) | 37.4 | 41.4 | +10.7% | +0.7% | ||||||
(1) On
(2) The figures for “Total year-on-year change” and “Like-for-like year-on-year change” (i.e. based on a comparable scope of consolidation and constant exchange rates) have been calculated based on the 2022 reference quarter (Q1 restated and Q2 reported).
(3) Consolidation of the
Attachment
- ASSYSTEM CP CA S1 2023 _ eng VDEF 2
© OMX, source