SII F I N A N C I A L R E L E A S E
Paris, February 7, 2023 - 6 p.m.
Fiscal 2022-2023 third quarter revenue: €736.5m
Growth of 25.1% for the first 9 months
Business in France up 13.0 percent
International operations up 35.5 percent
SII Group, which specialises in engineering business, has announced its third quarter revenue for 2022-2023 financial year.
Eric Matteucci, Chairman of the Management Board, commented: "In the third quarter of the 2022-2023financial year, we achieved organic revenue growth of more than 20% for the seventh consecutive quarter. Despite an uncertain macroeconomic environment, the SII group's momentum continues to be brisk, outperforming our benchmark market. Without a major change in the circumstances, this trajectory should take us above the symbolic threshold of €1 billion in annual revenue for the entire 2022-2023financial year."
in €m | 2021-2022 | 2022-2023 | Change | Organic | ||||||||||
3rd quarter (to December 31) | change* | |||||||||||||
First quarter revenue | 187.16 | 238.45 | +27.4% | +28.0% | ||||||||||
Second quarter revenue | 189.14 | 238.75 | +26.2% | +28.7% | ||||||||||
Third quarter revenue | 212.66 | 259.31 | +21.9% | +23.2% | ||||||||||
Nine-month revenue | 588.96 | 736.51 | +25.1% | +26.5% | ||||||||||
Of which: France | 276.32 | 308.80 | +13.0% | +13.0% | ||||||||||
Of which : International | 315.64 | 427.71 | +35.5% | +38,1% | ||||||||||
* excluding external growth and exchange rate effects (exchange rate 2021-2022 applied to 2022-2023 revenue)
The SII group, a specialist in engineering businesses, posted revenue of €259.3 million for the third quarter of the 2022-2023 financial year, a 21.9% increase. This performance is fully in line with the first half of the year. With the exception of Spain, all geographical entities contributed to this growth, fuelled by a continued high activity rate and ongoing commercial development.
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Constant growth in France
In France, the SII group's third-quarter revenue totalled €109.6 million and achieved organic growth (+13.0%) of the same scale as in the first half of the year.
For the first nine months overall, revenue totalled €308.8 million in France.
International business continues its exceptional organic growth rate
Internationally, the SII group's quarterly revenue was €149.7 million, up 29.4% at constant rates compared with the third quarter of the previous financial year. With the exception of Spain, which suffered a 7% drop in activity over this quarter, all countries continued to grow organically, most at a high rate, including: Poland (+33%), Germany (+39%), Romania (+59%), Chile (+38%), Canada (+35%), the Czech Republic (+73%), Morocco (+26%), and Colombia (+36%).
Outlook
Despite the ongoing uncertain geopolitical and macroeconomic climate, and as long as there are no major changes, the revenue earned over the first nine months and the current commercial opportunities should enable us to achieve annual revenue exceeding €1 billion for the entire 2022-2023 financial year with an operating margin still between 9% and 10%.
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Next financial announcement:
Fiscal 2022-2023 annual revenue, Tuesday, May 9, 2023 after the close of trading
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Contacts:
SII - Eric Matteucci: +33(0)142.848.222
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ATTACHEMENT: Revenue by quarter
in €m | Q1 | Q2 | Q3 | Nine-month |
2022-2023 | 2022-2023 | 2022-2023 | 2022-2023 | |
France | 101.96 | 97.22 | 109.62 | 308.80 |
change | +13.0% | +12.9% | +13.0% | +13.0% |
of which organic* | +13.0% | +12.9% | +13.0% | +13.0% |
International operations | 136.54 | 141.48 | 149.69 | 427.71 |
change | +40.9% | +37.3% | +29.4% | +35.5% |
of which organic* | +42.1% | +40.2% | +31.7% | +38.1% |
SII Group total | 238.50 | 238.70 | 259.31 | 736.51 |
change | +27.4% | +26.2% | +21.9% | +25.1% |
of which organic* | +28.0% | +28.7% | +23.2% | +26.5% |
*: excluding external growth and exchange rate effects (exchange rate 2021-2022 applied to 2022-2023 revenue)
About SII Group
The SII Group is an engineering and technology consulting company and a digital services firm, founded in 1979 by Bernard HUVÉ, a trained engineer.
Currently, SII Group employs nearly 11,000 employees in 18 countries over four continents through 80 local establishments. The Group recruits an average of 4,000 consultants and engineers each year who work on a daily basis towards integrating and developing new technologies as well as improving information systems.
Always concerned about coming up with innovative and value-adding solutions, SII operates at the service of blue-chip clients in a variety of sectors such as Aerospace & Defense, Banking & Insurance, Telecommunications, Energy, Retail, and Transport & Industry. Certified by both EcoVadis Platinum and Great Place to Work, SII Group stands out thanks to its social policy in favor of a sustainable and numerical world as well as its strong corporate culture in favor of work-life quality and inclusion.
In the 2021-2022 financial year, which ended on March 31, 2022, SII Group recorded revenues of €829 million.
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SII SA published this content on 13 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 February 2023 09:55:07 UTC.
