Press releases

Mar 15, 2010

2009 annual results[1] :

· Revenue decline limited to -3.1% on a like-for-like basis.

· Good resilience of the operating margin[2] at 7.3%, a contraction of only 0.4 of a percentage point relative to the 2008 operating margin.

· Solid attributable net profit of €48.2 million, increasing to 3.0% of revenue versus 2.9% in 2008.

· Strong cash generation enabling a €48.3 million reduction in net financial debt.

On March 12, 2010, the Supervisory Board of Groupe Steria SCA examined the consolidated financial statements submitted by the General Management.

Annual consolidated results 2009

2008

2009

Organic growth

At constant perimeter and currency

Revenue

€m

1 765.7

1 630.0

-3.1%

Operating margin [2]
as % of revenue

€m
%

135.5
7.7%

118.9
7.3%

Operating profit [3]

€m

110.0

92.0

Attributable net profit

€m

51.6

48.2

as % of revenue

%

2.9%

3.0%

Underlying attributable net profit [4]

€m

75.9

70.4

Underlying earnings per share [4]

€

2.42

2.23

Shareholders’ equity

€m

545.5

634.5

Net financial debt

€m

235.3

187.0


[1] Audit procedures completed, audit report relating to the certification underway.
[2] Before amortisation of intangible assets arising from business combinations. The operating margin is the Group's key indicator. It is defined as the difference between revenue and operating costs, the latter being equal to the total cost of services rendered (costs necessary for the implementation of projects), sales costs and general and administrative expenses.
[3] Operating profit includes restructuring costs, capital gains on disposals, expenses linked to share-based schemes granted to employees and other non-recurring income and charges.
[4] Attributable net profit restated, after tax, for other operating income and expenses, amortisation of intangible assets and unrecognised deferred tax assets.

 

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