27.07.17

Press Release

Revenues for the 1st Half of 2017: €127.9m

  • #Finance & Investors
  • #Half Yearly Financial Reports
  • #Financial Publications and Information

Revenues for the 1st Half of 2017: €127.9m

H1 organic growth: +11.3%

The Keyrus Group continues to grow, having achieved revenues for this first half of the year of €127.9m, an increase of 12.9% (+11.3% at constant structure and exchange rates) as compared with the first half of 2016.

Consolidated revenues for the second quarter of 2017 were €64.7m, an increase of 8.0% as compared with the second quarter of 2016 (+7.1% at constant structure and exchange rates).

Organic growth for the second quarter of 2017 was 9.2% for Large Account activities and 3.3% for Mid-Market activities, and 8.6% and 1.4% respectively at constant structure and exchange rates.

 

Operational activities

Large Account activities benefited from the strong start in the first quarter of 2017, having gone on to increase by 11.9% on an organic basis over the first half of this year, notably with strong growth in France, North and South America, and China.

Accelerated development in the Latin American region:

Building on its existing operations in Brazil going back some ten years, and its positioning as a specialist in Data and Digital - areas of excellence for the Group internationally -, Keyrus has now strengthened its Smart BI activities by having acquired QConsulting. This firm provides consulting services, training, and services for the integration of the data visualization and analytics solutions proposed by the editor Qlik.

QConsulting, which currently has 58 employees and achieved revenues of around €3m in 2016, will be integrated into the scope of consolidation for the Group in the second half of the year. 

Mid-Market activities also delivered an excellent performance in the first half of 2017, with organic growth of 9.4%, benefiting from a healthy upturn in licence sales in the first quarter of 2017, and a very good capacity utilization rate achieved on service activities throughout the half-year.

All activities continue to look promising for the second half of the year, and the Group remains confident of its ability to improve its performance yet further.

Keyrus will publish its results for the first half of 2017 after market close on 19 September 2017.

 

Breakdown of revenues by operational sector

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