PR Newswire/Les Echos/
Press release
First half financial data
Revenues for the first half of 2009/2010
Paris, 16 November 2009
(EUR million) First half First half Change
2009/2010 2008/2009
Revenues 20.85 19.7 +5.8%
TR Services Group, the IT services integrator and operator, has announced
consolidated revenues of EUR20.85m for the first half of 2009/2010 (six months
to 30 September 2009), up 5.8% compared with the corresponding period of
2008/2009.
The above revenue includes the contribution of ATTI, following its acquisition
at 31 March 2009. The annex to the consolidated accounts for 2008/2009 included
a pro forma estimate for ATTI's full-year revenues of EUR5.09m, or EUR1.27m per
quarter based on a linear approach.
"Significant organisational measures aimed at achieving structural savings have
been implemented during the first half of this year and, in this extremely
unfavourable economic climate, TR Services continues to intensify its commercial
efforts. Consequently, TR Services maintains its financial targets: revenues of
more than EUR45m and a return to profitability in the current financial year,"
commented Lionel Smeers, CEO.
Main growth drivers
Despite a difficult economic climate, the group is now positioned to pursue an
ambitious strategy, based on:
- a new organisation capable of meeting the group's targets, with the
appointment of a COO;
- a secure cash position, with the backing of OSEO and our new pool of
banks;
- deployment throughout France with new branch openings;
- international support for key accounts with the establishment of
subsidiaries in Shanghai (China) and Belgrade (Serbia).
Acquisition of Vobiscom's activities
TR Services Group has, via its subsidiary Artelcom, taken over the activities of
Vobiscom in accordance with the disposal plan ordered by the Meaux Commercial
Court on 10 November 2009.
This new deal will enable the group to reinforce its technological skills in
consultancy and the integration of added-value solutions.
Next announcement
First half earnings: 18 December 2009
About the TR Services Group
The TR Services Group is an independent IT services integrator and operator,
offering a new perspective on telecoms/IT convergence. It creates innovative
corporate communication solutions and provides its customers with the services
they need to maximise the effectiveness of their IT systems.
With the expertise of its 450 staff across France, the TR Services Group works
with more than 3,000 public-sector, corporate and SME client-sites. Télécom
Réseaux Services has been listed on the Euronext stock exchange since 1999.
(ISIN FR0000071763)
www.trservices.fr
Press contacts
Heureux qui Communique TR Services Group
Karine SOYER Simon J.PENNINGTON
Tel : 06 74 93 12 25 Tel : 01 64 62 40 00
ksoyer@heureuxquicommunique.com sjpennington@trservices.fr
Tiphaine HERSANT
Tel : 01 64 62 40 44
thersant@trservices.fr
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