Vélizy, 24 July 2013

Osiatis, a leading player in IT infrastructure services, today publishes its sales for the first half of the 2013 financial year.

Sales
(? millions)
2013 2012 % growth of which organic
Q1 89.0 72.5 22.8% 3.6%
Q2 89.0 73.2 21.6% 5.0%
HY1 178.0 145.6 22.2% 4.3%

During the first half of 2013, Osiatis recorded sales of ?178.0 million with growth of 22.2% in comparison to the same period of 2012, of which 4.3% was organic. Business remained buoyant over the second quarter, with sales of ?89.0 million and growth of 21.6% (5% organic).

Solid growth across all divisions in France and internationally
In France, sales totalled ?161.2 million, with growth of 23.7% in comparison to HY1 2012, and included 3.6% organic. Infrastructure Services grew 26% due to both the integration of ESR in October 2012 and organic growth of 4.7%. Despite a modest organic decrease, due mainly to an unfavourable calendar effect, New Technology Developments achieved growth of 10.6%, following the acquisition of BT Global Services' application activities in June 2012.
The European subsidiaries reported a strong performance, especially in Austria and Belgium, with a purely organic increase of 9.5% in business activity, to ?16.8 million, thus confirming the resumption of growth that began in the first quarter of 2013.

Merger with Econocom
It should be noted that, in a press release dated 1 July, available on www.osiatis.com:
http://www.osiatis.com/, Econocom and Osiatis' principal shareholders announced the conclusion of an agreement concerning the acquisition of the majority of Osiatis' share capital. This transaction is subject to approval by the French Competition Authority and the French Ministry of Economy and Finance. Following the acquisition of a controlling interest, Econocom would file a public takeover bid for all Osiatis shares under the same terms and conditions as those offered for the controlling interest, namely one Econocom Group share plus a balancing payment of ?4 per Osiatis share. In addition, Econocom would reserve the right to request the implementation of a mandatory delisting. In view of the forthcoming offer, at its meeting of 26 June 2013, the Supervisory Board of Osiatis gave a favourable preliminary opinion on the terms of this merger and appointed the firm Ricol Lasteyrie as an independent assessor.

Next publication
Publication of the consolidated half-year financial statements, originally planned for 2 September 2013, has been brought forward to 1 August 2013 after close of trading.

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

Presse
CM-CIC Emetteur
Stéphanie Stahr
stephanie.stahr@cmcics.com
Tél: 01 45 96 77 83

CP_CA_S1_2013_ENG:
http://hugin.info/143529/R/1718564/571717.pdf



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Source: Osiatis via Thomson Reuters ONE

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