Q1 2014 Revenues
The Keyrus Group has recorded consolidated revenues of €40.8m for the first quarter 2014, with an organic growth of 3.5% compared to the first quarter 2013.
the Keyrus Group achieved revenues of 40.8 million euros in the first quarter of 2014, an increase of 2.2% compared to the first quarter of 2013. At constant structure and exchange rates, the increase reached 3.5%, driven by both sectors of activity.
The Large Accounts business grew by 2.8% in relation to the first quarter of 2013 (+2.9% at constant structure and exchange rates), in spite of a fall in revenues in Canada and Belgium over the period.
The Middle Market business saw its revenues rise by 0.7% in the first quarter based on accounting figures (+4.9% at constant structure and exchange rates). The business remains promising for this half-year with an upturn in license orders in the first quarter.
In this context, the Group's financial situation shows no significant change.
For the continuation of the 2014 financial year, Eric Cohen, President and CEO, comments :
" In a market which looks more promising for Digital Services Businesses (ESN) in 2014 with forecast growth of 1.1% in France (Syntec), Keyrus' know-how, in terms of innovation, Data Intelligence (Business Intelligence, Big Data & Analytics) or Digital Transformation, fully addresses the issues raised by businesses and should once again enable us to deliver solid growth.
That said, the pressure on prices, the lengthening of decision cycles and the complexity of project commitments in global Delivery models remain considerable challenges for which we must constantly come up with adjusted responses.
In this context, we are confident, whilst at the same time remaining focused on the areas for improvement which we must pursue ".
Keyrus will hold its Annual General Meeting on 22 May 2014 and will publish its second-quarter revenues on 25 July 2014 after the market close
Breakdown of revenues by operational sector