PRESS RELEASE |
Quarterly financial information as of
IFRS - Regulated information - Not audited
- 12.2% revenue growth in the second quarter, giving first-half growth of 12.5%, led by BPO division
- Successful launch of the Allianz BPO contract
- Public health investments (Ségur de la Santé) contribute €4.3m over the first-half
Revenue
First half | Change H1 2023 / 2022 | ||||
in millions of euros | 2023 | 2022 | Reported | Like for like(1)(2) | |
Software & Services | 161.5 | 145.6 | 10.9% | 10.5% | |
Flow | 48.2 | 45.2 | 6.7% | 6.8% | |
Data & Marketing | 54.9 | 50.0 | 9.9% | 8.9% | |
BPO | 32.8 | 25.4 | 29.3% | 29.3% | |
Corporate and others | 3.5 | 1.3 | 160.9% | 160.9% | |
301.0 | 267.6 | 12.5% | 12.1% |
(1) At constant scope and exchange rates.
(2) The negative currency impact of 0.3% was mainly due to the pound sterling. The positive scope effect of 0.7% was attributable to the consolidation in Cegedim’s accounts of acquisitions Mesdocteurs, Laponi,
Analysis of business trends by division
- Software & Services
Software & Services | First half | Change H1 2023 / 2022 | ||
in millions of euros | 2023 | 2022 | Reported | LFL |
Cegedim Santé: | 39.8 | 31.8 | 25.1% | 21.9% |
Insurance, HR, Pharmacies, and other services | 95.3 | 89.8 | 6.2% | 5.9% |
International businesses | 26.3 | 24.0 | 9.8% | 12.6% |
Software & Services | 161.5 | 145.6 | 10.9% | 10.5% |
Cegedim Santé kept its pace of like-for-like growth above 20%. Ségur public health projects contributed €4.3 million over the first half.
Other French businesses grew at the same pace as in the first quarter, 6.2%, driven by the HR segment and other services.
International businesses built on good first-quarter trends and grew 15.2% in the second quarter, notably in the
- Flow
FLOW | First half | Change H1 2023 / 2022 | ||
in millions of euros | 2023 | 2022 | Reported | LFL |
e-business | 29.3 | 27.2 | +7.4% | 7.7% |
Third-party payer | 19.0 | 18.0 | 5.5% | 5.5% |
Flow | 48.2 | 45.2 | 6.7% | 6.8% |
The electronic invoicing and digital data flow business grew 7.4%. Both French and international activities contributed to the growth.
The digital data flow business dealing with reimbursement of healthcare payments in
- Data & Marketing
Data & Marketing | First half | Change H1 2023 / 2022 | ||
in millions of euros | 2023 | 2022 | Reported | LFL |
Data | 28.9 | 26.1 | 10.7% | 8.8% |
Marketing | 26.1 | 23.9 | 8.9% | 8.9% |
Data & Marketing | 54.9 | 50.0 | 9.9% | 8.9% |
Data activities grew 16.5% yoy in the second quarter, giving 10.7% growth in the first half, led mainly by sales in
In Marketing, advertising in pharmacies continued to grow in the second quarter (+5.6%), reaching growth of nearly 9% for the half.
- BPO
BPO | First half | Change H1 2023 / 2022 | ||
in millions of euros | 2023 | 2022 | Reported | LFL |
Insurance BPO | 22.2 | 15.6 | 41.7% | 41.7% |
HR BPO | 10.7 | 9.8 | 9.4% | 9.4% |
BPO | 32.8 | 25.4 | 29.3% | 29.3% |
Insurance BPO growth amounted to 65% in the second quarter and 42% in the first half, led by the
Development in BPO for HR departments continues, with growth of 9.4% over the second quarter.
Highlights
To the best of the company’s knowledge, there were no events or changes during the first half of 2023 that would materially alter the Group’s financial situation.
- War in
Ukraine
The Group does not do business in
Significant transactions and events post
To the best of the company’s knowledge, there were no post-closing events or changes after
Outlook
Based on H1 2023 revenues up 12.1% like for like(1), and despite the public health, economic, geopolitical, and monetary uncertainty facing the world, the Group is confident it can grow full-year revenues by at least 10% like for like(1) and improve its recurring operating income.
The Group does not expect to make any significant acquisitions in 2023.
---------
(1) At constant scope and exchange rates.
WEBCAST ON |
The webcast is available at: www.cegedim.fr/webcast |
The H1 2023 revenues presentation is available:
|
2023 financial calendar
2023 | H1 2023 results SFAF meeting: first-half 2023 results presentation Third-quarter 2023 revenues |
Financial calendar: https://www.cegedim.fr/finance/agenda/Pages/default.aspx
Notice This press release is available in French and in English. In the event of any difference between the two versions, the original French version takes precedence. This press release may contain inside information. It was sent to Cegedim’s authorized distributor on July 27, 2023, no earlier than The figures cited in this press release include guidance on | |||
About Founded in 1969, To learn more, please visit: www.cegedim.fr And follow | |||
Media Relations and Communications Manager Tel.: +33 (0)1 49 09 68 81 aude.balleydier@cegedim.fr | Director of Management Control Head of Financial Communication Tel.: +33 (0)7 85 63 61 99 jerome.moreau@cegedim.com | .becoming Media Relations Tel.: +33 (0)6 52 08 13 66 cegedim@becoming-group.com | |
Annexes
Breakdown of revenue by quarter and division
- Year 2023
in millions of euros | Q1 | Q2 | Q3 | Q4 | Total | |||
Software & Services | 80.4 | 81.1 | 161.5 | |||||
Flow | 24.8 | 23.4 | 48.2 | |||||
Data & marketing | 24.6 | 30.3 | 54.9 | |||||
BPO | 14.4 | 18.4 | 32.8 | |||||
Corporate and others | 1.6 | 1.9 | 3.5 | |||||
Group revenue | 145.9 | 155.1 | 301.0 |
- Year 2022
in millions of euros | Q1 | Q2 | Q3 | Q4 | Total | |||
Software & services | 71.2 | 74.4 | 75.2 | 81.1 | 302.0 | |||
Flow | 22.6 | 22.6 | 21.5 | 23.9 | 90.6 | |||
Data & marketing | 22.5 | 27.6 | 22.8 | 34.1 | 106.9 | |||
BPO | 12.3 | 13.1 | 13.0 | 14.6 | 53.0 | |||
Corporate and others | 0.7 | 0.7 | 0.8 | 0.7 | 2.8 | |||
Group revenue | 129.2 | 138.3 | 133.3 | 154.4 | 555.2 |
Revenue breakdown by geographic zone, currency, and division at
as a % of consolidated revenues | Geographic zone | Currency | ||||||
EMEA ex. | Euro | GBP | Others | |||||
Software & services | 83.7% | +16.2% | 0.1% | 86.5% | 12.0% | 1.6% | ||
Flow | 91.8% | 8.2% | 0.0% | 94.6% | 5.4% | 0.0% | ||
Data & marketing | 97.4% | 2.6% | 0.0% | 97.8% | 0.0% | 2.2% | ||
BPO | 100.0% | 0.0% | 0.0% | 100.0% | 0.0% | 0.0% | ||
Corporate and others | 100.0% | 0.0% | 0.0% | 100.0% | 0.0% | 0.0% | ||
89.5% | 10.5% | 0.1% | 91.5% | 7.3% | 1.2% |
Attachment
- Cegedim_CA_1H2023_ENG
Source:
2023 GlobeNewswire, Inc., source