Assystem S.A. Announces Consolidated Revenue Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Revenue Guidance for the Second Half and Full Year of 2018
For the quarter, the company reported revenue was EUR 108.2 million against EUR 101.4 million a year ago.
For the full year of 2018, the company expects that Group is standing by its full-year target for 2018 of achieving reported revenue growth of at least 10% compared with 2017.
For the second half, the company expects Based on the first-half growth figure, this target implies a revenue rise of at least 15% for the second half of 2018. The faster pace of growth versus the first six months is expected to be driven by the following factors: An estimated 4.0% positive impact contributed by Envy and Radicon to reported revenue growth for second- half 2018 (versus a negative 3.6% in the first half), thanks in particular to the initial effects of the contract recently signed with K.A.CARE the Saudi Arabian authority responsible for developing nuclear and renewable energy. A more favourable basis of comparison for Assystem E&I's other activities in the second half of 2018, in view of the moderate like-for-like growth posted in second-half 2017.