Assystem: Revenue for the nine months ended 30 september 2023: €421.7 million
October 26 2023 - 11:21AM
Assystem: Revenue for the nine months ended 30 september 2023:
€421.7 million
Revenue for the nine months ended 30
September 2023: €421.7 million Up 17.0%, with 14.3%
like-for-like growth
Paris-La Défense, 26 October 2023, 5.35
p.m. (CEST) – Assystem S.A. (ISIN: FR0000074148 - ASY), an
international engineering group, today released its revenue figures
for the nine months ended 30 September 2023 and the third
quarter of 2023.
Consolidated revenue for the nine months
ended 30 September 2023 and year-on-year changes
vs. 2022 (unaudited)
In € millions |
9 months2022 |
9 months2023 |
Total year-on-year change |
Like-for-like year-on-year change(2) |
Group |
360.6 |
421.7 |
+17.0% |
+14.3% |
|
|
|
|
|
Nuclear(1) |
253.6 |
293.6 |
+15.8% |
+16.0% |
ET&I(1) |
107.0 |
128.1 |
+19.8% |
+10.0% |
|
|
|
|
|
(1) Consolidation of the UK company
LogiKal since 1 December 2022 and of Oreka Ingénierie and Relsafe
PRA Consulting since 1 January 2023.
Assystem’s activities in the Pacific area (due to be sold in 2023)
represented €8.6 million in revenue in the first nine months
of 2022 and €10.5 million in the first nine months of
2023.(2) Based on a comparable scope of consolidation
and constant exchange rates.
Assystem’s consolidated revenue totalled €421.7
million in the first nine months of 2023, up 17.0% on the same
period of 2022. Like-for-like growth came to 14.3%, changes in the
scope of consolidation had a positive 4.0% impact (due to the
consolidation of UK-based LogiKal since 1 December 2022 and of
Oreka Ingénierie and Relsafe PRA Consulting since 1 January
2023), and the currency effect was a negative 1.3%.
The trends seen since the beginning of the year
continued, with solid like-for-like growth quarter after quarter,
led by robust demand across all of the Group’s businesses, as well
as the success of our recruitment campaign and higher talent
retention, enabling the planned number of employees to be
reached.
In the third quarter of 2023, consolidated
revenue came to €139.3 million (versus €118.9 million in Q3 2022),
representing a 17.1% year-on-year increase. Like-for-like growth
was 15.0%, changes in the scope of consolidation had a positive
4.3% impact, and the currency effect was a negative 2.2%.
NUCLEAR (70% of nine-month consolidated
revenue)
Revenue from Nuclear activities totalled €293.6
million in the first nine months of 2023, compared with €253.6
million for the same period of 2022. This 15.8% year-on-year
increase breaks down as 16.0% in like-for-like growth, a positive
0.5% impact from changes in the scope of consolidation, and a
negative 0.7% currency effect.
Third-quarter 2023 Nuclear revenue amounted to
€95.5 million, up 16.6% on the €81.9 million recorded for the third
quarter of 2022. Like-for-like growth was 16.5%, changes in the
scope of consolidation had a positive 0.6% impact, and the currency
effect was a negative 0.5%.Growth for this segment was buoyant in
France and very buoyant in the United Kingdom, while Saudi Arabia’s
contribution was limited to the completion of siting studies.
ENERGY TRANSITION & INFRASTRUCTURES
(ET&I) (30% of nine-month consolidated revenue)
ET&I revenue came to €128.1 million in the
first nine months of 2023, versus €107.0 million for the same
period of 2022. Total year-on-year growth was 19.8%, including a
10.0% like-for-like increase, a positive 12.4% impact from changes
in the scope of consolidation, and a negative 2.6% currency effect.
The increasing contribution of siting studies as part of major
infrastructure projects in Saudi Arabia has now steadied, and
represented a high level for the nine months ended 30 September
2023 compared with 2022.
In the third quarter of 2023, ET&I revenue
totalled €43.8 million, compared with €37.0 million in Q3 2022.
This 18.1% year-on-year increase breaks down as 11.8% like-for-like
growth, a positive 12.7% impact from changes in the scope of
consolidation, and a negative 6.4% currency effect.
OUTLOOK FOR FULL-YEAR 2023
Assystem’s targets for full-year 2023 are as
follows:
- consolidated revenue of around €570
million;
- and EBITA1 of around €35
million.
These targets do not include the Group’s
activities in the Pacific area (Assystem Polynésie and Assystem
Nouvelle-Calédonie), for which Assystem has signed a sale agreement
with the two companies’ management, with the sale scheduled to
close by the end of 2023.
2024 FINANCIAL CALENDAR
8 February: |
Full-year 2023 revenue release |
13 March: |
Full-year 2023 results release – Results
presentation on Thursday 14 March at 10.00 a.m. (CET) |
25 April: |
First-quarter 2024 revenue release |
24 May: |
Annual General Meeting |
25 July: |
First-half 2024 revenue release |
11 September: |
First-half 2024 results release – Presentation
meeting on Thursday 12 September at 10.00 a.m. (CEST) |
24 October: |
Third-quarter 2024 revenue release |
ABOUT ASSYSTEM
Assystem, one of the world's leading independent
nuclear engineering companies, is committed to accelerating the
energy transition. With more than 55 years of experience in highly
regulated sectors with stringent safety and security constraints,
the Group provides engineering and project management services as
well as digital solutions and services to optimise the performance
of complex infrastructure assets throughout their life cycle.In its
12 countries of operation, Assystem’s 7,000 experts are supporting
energy transition. To achieve an affordable low carbon energy
supply, Assystem is committed to the development of low carbon
electricity (nuclear, renewables and electricity grids) and clean
hydrogen. The Group is also helping drive the use of low carbon
electricity in industrial sectors such as transportation.
For more information please visit
www.assystem.com / Follow Assystem on Twitter: @Assystem
CONTACTS
Malène
Korvin – Chief Financial Officer – mkorvin@assystem.com -
Tel.: +33 (0)1 41 25 29 00Anne-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 |
Q1 2022 |
Q1 2023 |
Total year-on-year change |
Like-for-like year-on-year change(2) |
Group |
120.2 |
143.8 |
+19.7% |
+16.4% |
|
|
|
|
|
Nuclear(1) |
87.7 |
100.9 |
+15.0% |
+15.7% |
ET&I(1) |
32.5 |
42.9 |
+32.1% |
+18.3% |
In € millions |
Q2 2022 |
Q2 2023 |
Total year-on-year change |
Like-for-like year-on-year change(2) |
Group |
121.5 |
138.6 |
+14.1% |
+11.4% |
|
|
|
|
|
Nuclear(1) |
84.0 |
97.2 |
+15.7% |
+16.2% |
ET&I(1) |
37.4 |
41.4 |
+10.7% |
+0.7% |
|
|
|
|
|
In € millions |
Q3 2022 |
Q3 2023 |
Total year-on-year change |
Like-for-like year-on-year change(2) |
Group |
118.9 |
139.3 |
+17.1% |
+15.0% |
|
|
|
|
|
Nuclear(1) |
81.9 |
95.5 |
+16.6% |
+16.5% |
ET&I(1) |
37.0 |
43.8 |
+18.1% |
+11.8% |
|
|
|
|
|
(1) Consolidation of the UK company
LogiKal since 1 December 2022 and of Oreka Ingénierie and Relsafe
PRA Consulting since 1 January 2023. Assystem’s activities in the
Pacific area (due to be sold in 2023) represented €8.6 million
in revenue in the first nine months of 2022 (€3.6 million in Q3
2022) and €10.5 million in the first nine months of 2023 (€4.1
million in Q3 2023).(2) Based on a comparable scope of
consolidation and constant exchange rates.
1 Operating profit before non-recurring items (EBITA – Earnings
before Interest and Taxes – from Activity) including share of
profit of equity-accounted investees (other than Expleo Group and
MPH).
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