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Strong first half of 2015 and full-year guidance increase for Devoteam

Devoteam (NYSE Euronext Paris: DVT) reported revenues of € 232.2 million for the first half of 2015, a 7.4% increase compared to the first half of 2014. At constant perimeter and exchange rates, and when excluding the impact of the outsourcing business in France, revenues increased 8.8% compared to last year.

The operating margin stood at € 14.6 million, representing 6.3% of the revenue. It surged 300 basis points compared to the same period in 2014.

Net income attributable to the shareholders of Devoteam S.A. amounted to € 7.5 million, versus € 2.6 million one year earlier, a 187.3% increase.

H1 Financial results 2015 - Infographics

Based on these encouraging financial results, which reflect the success of the EAGLE plan started in 2011, and with the willingness to further accelerate the course undertaken since then, the Group keeps focusing on its strategic offers. In H1, it materialized by the completion of another disposal of non core asset and by a significant evolution of the Group’s marketing strategy.

Devoteam S.A. hence completed, in the first half of 2015, the disposal of most of the shares it owned in the capital of Exa ECS (design, build and run of cabling, safety, and electricity systems, formerly “Exaprobe ECS”), bringing the total percentage owned by the Group in Exa ECS down to 35%. As a consequence, since April 1st 2015, Exa ECS has been consolidated under the equity method in the Group’s consolidated financial statements; it was fully consolidated prior to this date.

Also, the Group has redesigned its identity and communication strategy, summarized in the new baseline: “We are Digital Transformakers”. This new baseline aims at clearly positioning the Group as a leading and innovative player in the Digital universe.

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