ASSYSTEM: Strong revenue growth in first-half 2021
July 29 2021 - 11:35AM
ASSYSTEM: Strong revenue growth in first-half 2021
Strong revenue
growthin first-half
2021
Paris-La
Défense, 29 July 2021, 5.35 p.m.
(CEST) – Assystem S.A. (ISIN: FR0000074148 - ASY), a
leading player in engineering, today released its revenue figures
for the six months ended 30 June 2021 (first-half 2021).
First-half 2021 consolidated
revenueand year-on-year changes
(unaudited)
In millions of euros |
H1 2020 |
H1 2021 |
Total year-on-change |
Like-for-like year-on-year change* |
Group |
229.5 |
253.4 |
+10.4% |
+12.5% |
|
|
|
|
|
Nuclear |
141.4 |
163.8 |
+15.8% |
+15.2% |
ET&I** |
85.0 |
89.6 |
+5.5% |
+8.5% |
Other*** |
3.1 |
- |
- |
- |
|
|
|
|
|
* Based on a comparable scope of consolidation and constant
exchange rates.
** Including Staffing revenue amounting to €20.2
million in H1 2020 and €19.2 million in H1 2021.*** The business
corresponding to the “Other” segment has been deconsolidated since
1 July 2020.
Consolidated revenue totalled
€253.4
million in the first half of 2021, up 10.4% year on
year. Like-for-like growth came to 12.5%, changes in the
scope of consolidation had a negative 0.5% impact (relating to the
sale of Eurosyn, which was previously classified under “Other”, and
the consolidation of the UK-based company CRA) and the currency
effect was a negative 1.6% (primarily due to the depreciation
against the euro of the US dollar and currencies pegged to the US
dollar).
NUCLEAR
Revenue from Nuclear activities rose by a steep
15.8% to €163.8 million (representing 65% of total consolidated
revenue) from €141.4 million in the first half of 2020.
Like-for-like growth was 15.2%, changes in the scope of
consolidation had a 1.4% positive impact (corresponding to the
consolidation of CRA) and the currency effect was a negative
0.8%.
Growth momentum was particularly buoyant in
Europe (France, the United Kingdom and Finland) as well as in
Turkey. Revenue generated in the Middle East contracted by €6.7
million, however, due to the ENEC contract in the United Arab
Emirates reaching its term.
Overall revenue growth recorded for first-half
2021 includes the impact of a favourable basis of comparison
stemming from the effects of the Covid-19 pandemic on business
activity in the first half of 2020. That said, however, first-half
2021 revenue was 9.8% higher than the figure for the first six
months of 2019.
ENERGY TRANSITION & INFRASTRUCTURES
(ET&I)
At €89.6 million, ET&I revenue came in 5.5%
higher than the €85.0 million posted for first-half 2020, with
like-for-like growth of 8.5% and a 3.0% negative currency effect
(which particularly impacted the Staffing business whose functional
currency is the US dollar).
Most ET&I activities returned to
like-for-like growth in the first six months of 2021, although
total revenue was still 4.1% below the first-half 2019 figure,
largely due to the currency effect for the Staffing business.
ACQUISITION OF STUP
CONSULTANTS PRIVATE LIMITED
On 30 June 2021, Assystem acquired 99% of the
share capital of the Indian engineering company, STUP Consultants
Private Limited (1). This company – whose current operations fall
within the scope of the ET&I segment – will be consolidated in
Assystem’s financial statements as from the second half of
2021.
2021 FINANCIAL CALENDAR
15
September: |
First-half 2021 results release – Presentation meeting on 16
September at 8.30 a.m. (CEST) |
28 October: |
Third-quarter 2021 revenue release |
ABOUT
ASSYSTEMAssystem is an international engineering
group. As a key participant in the industry for over 50 years, the
Group supports its clients in managing their capital expenditure
throughout their asset life cycles. Assystem S.A. is listed on
Euronext Paris.For more information please visit
www.assystem.comFollow Assystem on Twitter: @Assystem
CONTACTS
Philippe Chevallier – CFO
& Deputy CEO - Tel.: +33 (0)1 41 25 28
07Anne-Charlotte Dagorn –
Communications Director - acdagorn@assystem.com - Tel.: +33 (0)6 83
03 70 29
Agnès Villeret - Komodo –
Investor relations – agnes.villeret@agence-komodo.com – Tel: +33
(0)6 83 28 04 15
QUARTERLY REVENUE
In millions of euros |
Q1 2020 |
Q1 2021 |
Total year-on-year change |
Like-for-like year-on-year change* |
Group |
122.9 |
127.9 |
+4.1% |
+6.1% |
Nuclear |
74.5 |
81.8 |
+9.8% |
+9.0% |
ET&I** |
46.6 |
46.1 |
-1.1% |
+1.7% |
Other*** |
1.8 |
- |
- |
- |
|
|
|
|
|
In millions of euros |
Q2 2020 |
Q2 2021 |
Total year-on-year change |
Like-for-like year-on-year change* |
Group |
106.6 |
125.5 |
+17.7% |
+19.9% |
Nuclear |
66.9 |
81.9 |
+22.5% |
+22.1% |
ET&I** |
38.4 |
43.6 |
+13.5% |
+16.8% |
Other*** |
1.3 |
- |
- |
- |
|
|
|
|
|
* Based on a comparable scope of consolidation
and constant exchange rates. ** Including Staffing revenue
amounting to €10.9 million in Q1 2020 and €9.7 million in Q1 2021,
and €9.3 million in Q2 2020 and €9.5 million in Q2 2021.***
The business corresponding to the “Other” segment has been
deconsolidated since 1 July 2020.
(1) See press release dated 1 July
2021 available on assystem.com.
- Asystem Revenue S1 2021 eng
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