OSIATIS 
By Vélizy, 1 August 2013
Osiatis, a leading player in infrastructure services, today publishes its consolidated financial statements for the first half of the 2013 financial year.
| Income statement (? millions) | HY1 2013 | HY1 2012 | % change |
| Sales | 178.0 | 145.6 | +22.2% |
| Operating margin | 13.3 | 10.4 | +28.2% |
| As % of sales | 7.5% | 7.1% | +0.4 pp |
| Profit from recurring operations | 13.3 | 10.4 | +28.2% |
| Operating profit | 12.5 | 9.6 | +29.3% |
| Net profit | 7.3 | 5.1 | +43.6% |
| Group share of net profit | 7.3 | 5.0 | +44.3% |
Sales: organic growth of 3.6% in France and 9.5% internationally
In the first half of 2013, Osiatis recorded sales of ?178.0 million, an increase of 22.2%, of which 4.3% was organic. Business remained buoyant during the second quarter, with sales of ?89.0 million, up 21.6% (5% organic).
In France, sales totalled ?161.2 million, up 23.7% in comparison to HY1 2012 (3.6% organic growth). Infrastructure Services grew by 26% (4.7% organic growth) and New Technology Developments grew by 10.6% (down 1.9% organic).
The European subsidiaries performed well with their operations achieving purely organic growth of 9.5%, reaching ?16.8 million, thereby confirming the return to growth which began during the first quarter of 2013.
Operating margin: ?2.9 million increase and strong international performance
The Group's operating margin rate was 7.5%, an increase of 0.4 percentage points compared to HY1 2012, growing from ?2.9 million to ?13.3 million in volume terms.
In France, the margin improved by 0.3 percentage point to 7.1% of sales, and the CICE tax credit had a ?1.3 million impact on the half year. The Infrastructure Services margin totalled 7.4% of sales with the integration of ESR having a negative impact, as its profitability, although in line with expectations, has not yet reached Group standards. The New Technology Developments margin totalled 5.1% of sales.
Internationally, the operating margin rate rose 1.4 percentage points to stand at a very healthy 11.3% of sales.
Net profit: Increase of 43.6% to 4.1% of sales
The increase in Net Profit is a result of the operating margin performance and debt reduction, as well as a reduction in interest rates.
Net financial debt: fall of ?1 million to ?2.6 million
The Group generated a Self-Financing Capacity of ?14.1 million, an increase of 21% despite a negative change in WCR over the period. Cash flow from operating activities totalled ?4.5 million and enabled the financing of most capital expenditure, the payment of dividends and the funding of share buybacks.
At the end of June, the net financial debt stood at ?2.6 million (?3.6 million at 30 June 2012) and the Company had ?21.2 million in cash and cash equivalents.
Shareholders' agenda
Wednesday 28 August 2013: Half-year financial report
Wednesday 6 November 2013: Sales for the 3rd quarter 2013
Osiatis, one of the main French IT services companies, is recognised as a leader in infrastructure services: architecture consulting, engineering tools and Cloud transformation, production and work environment outsourcing, critical systems and networks maintenance. In the application services market, the Group also addresses the specialised segment of infrastructure-related solutions: portals, collaboration, roaming, BI, etc.
The Group employs a workforce of more than 4,600 and is established in France, Austria, the Benelux countries, Spain and Brazil.
www.osiatis.com
Osiatis is listed on Euronext Paris
Compartment C, NYSE Euronext
(ISIN: FR0004044337)
Ticker: OSA
Bloomberg: OSA.FP
Reuters: OSA.PA
CONTACTS:
Céline Beaud
cbeaud@osiatis.com
Tel: +33 1 41 28 31 56
Press
CM-CIC Emetteur
Stéphanie Stahr
stephanie.stahr@cmcics.com
Tel: +33 1 45 96 77 83
http://hugin.info/143529/R/1720721/572929.pdf
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Osiatis via Thomson Reuters ONE
