07.11.13

Press Release

Q3 2013 Revenues

  • #Finance & Investors

The Keyrus Group has recorded consolidated revenues of €36.2m for the third quarter 2013, an increase of 3.3% compared to the third quarter 2012, with growth of 6.6% at constant perimeter and exchange rates.

Large Account activities maintained a good pace with an organic growth in the third quarter of 5.8% (+3.6% based on published figures) after 8.1% in the second quarter and 6% in the first quarter.

This growth represents a good performance and confirms the relevance of the Group's service offering and positioning. Nevertheless, the market remains extremely competitive, and pressure on prices can only be eased through sustained investments in innovation and employee training.

With 2.7% growth based on published figures and +8.7% after taking into account the impact of the sale of activities in the East of France, Mid-Market activities saw a rebound in activity in relation to the first half of 2013, which showed a 3.3% decline in revenues. However, this rebound will not continue to the same extent even though the reasonable level of orders taken for the quarter suggests an acceptable volume of activity for the end of the accounting year.

"With Big Data, Mobility, and the Cloud, the conditions are in place for the profitable implementation of advanced analytical applications which allow to better understand clients and markets, optimize processes and efficiency and manage client relations and the product and service offering in real time. We are therefore firmly optimistic as regards our activities incorporating these innovative areas of know-how, because all businesses will need to take them into account. However, these market developments will require continuous training and innovation initiatives within our Group so as to be mastered by more of our employees ", commented Eric Cohen, Founder and CEO.

Keyrus will publish its revenues for the fourth quarter of 2013 on 6 February 2014, after market closure.

Table of breakdown of revenues per operational sector