3rd quarter 2016 revenues: €52.3m
Q3 organic growth: +10.9%
The Keyrus Group achieved revenues of €52.3m in the third quarter of 2016, an increase of 14.5% compared to the third quarter of 2015 (+10.9% at constant structure and exchange rates).
Large Account activities maintained a good pace of organic growth with an increase in the 3rd quarter of 13.6% (+18.3% based on reported figures) after 17.2% in Q2 and 12.5% in Q1. This organic growth represents an excellent performance. It confirms the appropriateness of the strategy, which has been implemented for several quarters now, of innovation and investment in the fields of Data and Digital, the Group's core activities.
Mid-Market activities, carried on by the Group's Absys Cyborg subsidiary, also performed well in the third quarter, with organic growth of 1.3% (likewise on the basis of reported figures) as compared with the third quarter of 2015.
"We have achieved strong growth in these first 9 months, confirmed by a promising end-of-year order book in our two segments of activity", comments Eric Cohen, President and CEO of Keyrus. "The acceleration of our investments in our Large Account activities relates to the twofold challenge of developing our Business Model through cross-functional commercial governance, and supporting our ambitious plan for development between now and 2020 (Keyrus 2020) by bolstering our Corporate functions. It is also part of the vision we have of industrializing and swiftly personalizing our offerings according to the relevant market, and it aims to consolidate our positioning as a key international player in data and digital transformation.
We shall continue to be highly innovative and gain market share in all our territories, whilst at the same time remaining focused on the profitability of our investments."
Keyrus will publish its revenues for the 4th quarter of 2016 on 14 February 2017 after the market close.
Breakdown of revenues by operational sector