4th quarter 2016 revenues: €62.3m
2016 consolidated revenues: €227.9m
Annual organic growth: +10.1%
4th quarter 2016 revenues: €62.3m
Q4 organic growth: +7.2%
The Keyrus Group recorded consolidated revenues of €227.9m as at 31 December 2016. As compared to those recorded as at 31 December 2015, this represents an increase of 12.9% based on reported figures, and a rise of 10.1% at constant structure and exchange rates. This latest strong performance was driven mainly by the Large Account business segment.
In the 4th quarter, consolidated revenues were €62.3m, an increase of 11.4% as compared with the 4th quarter of 2015 (+7.2% at constant structure and exchange rates).
Large Account activities increased by 13.8% in the 4th quarter of 2016 (+8.3% at constant structure and exchange rates) and by 16.4% for the full year 2016 (+12.7% at constant structure and exchange rates). This strong increase in Large Account activities over the whole of the 2016 financial year was due, notably, to a healthier market in which demand grew for all 3 of Keyrus's pillars of offerings: Data Intelligence (Data Science, Big Data Analytics, Business Intelligence, EIM, CPM/EPM), Digital Experience (Innovation & Digital Strategy, Digital Marketing & CRM, Digital Commerce, Digital Performance, User Experience), and Management & Transformation.
Mid-Market activities showed an increase of 1.2% for the year and 3.4% in the 4th quarter of 2016 as compared with the 4th quarter of 2015 (this increase being identical in organic terms). This improvement in growth in Q4 remained primarily linked to the resumption of work on the DSN (Nominative Social Declaration/Déclaration Sociale Nominative) with the launch of phase 3.
The Group's Large Account and Mid-Market activities represented 79.2% and 20.8% respectively of the Group's consolidated revenues in 2016.
Eric Cohen, President and CEO, commented: "The 2016 financial year continues the trend of 2015, with double-digit organic growth and sustained momentum across all the countries in which we operate. Our project to work, from now to 2020, towards increasingly profitable growth aims to make Keyrus a leading player internationally in the "data-driven" digital transformation of enterprises. We plan to do this by building on the Innovation capabilities that form our DNA, and by continuing to invest so as to adapt our offerings to the considerable economic and industrial challenges posed by AI (Artificial Intelligence), the Blockchain, and the IoT (Internet of Things).
In the Mid-Market segment, as recently announced, Absys Cyborg has just acquired the Toulouse-based company Decilogic, a specialist in Business Intelligence and collaborative IT solutions, the thinking behind this acquisition being to broaden Absys Cyborg's portfolio of innovative offerings for its clients. This transaction also enables it to establish a presence in the South West region of France and develop its business there. Absys Cyborg's own "Cap 2020" project for growth, which forms part of the "Keyrus 2020" overall development plan, also sets strong growth objectives, combining internal and external growth, whilst at the same time relying on a solid industrial business model that ensures a good level of profitability."
Keyrus will publish its 2016 annual results on 28 March 2017 after the market close.
Breakdown of revenues by operational sector