SII: 2020-2021 annual turnover: € 654.2 million
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Paris, May 12, 2021 – 6 p.m.
Annual returned 2020–2021: €654.2m
Growth in activity in the 4th quarter
Return to growth in France in Q4: + 3.0%
Fourth quarter of international growth despite the crisis (+ 8.2% at constant exchange rates)
The SII group, specializing in engineering trades, has announced its annual turnover for 2020–Fiscal year 2021.
Eric Matteucci, Chairman of the Management Board, declares: “As expected in the previous version, this last quarter of 2020–Fiscal year 2021 marks a return to organic growth for the entire SII group. This success, obtained in an unprecedented health context, is a great satisfaction for all the players in the SII group who work on a daily basis to build our immediate and future development. The good performance of the fourth quarter allows us to attack the next year in a winning position. Thank you to all of our employees and customers for making this possible ”.
Period until March 31
constant rates *
|First quarter sales||162.57||147.43||-9.3%||-7.3%|
|Second quarter revenue||163.34||153.78||-6.2%||-4.5%|
|Third quarter revenue||173.56||169.39||-2.4%||-0.5%|
|Fourth quarter revenue||176.87||183.59||+ 3.8%||+ 5.6%|
|Turnover for the year||676.34||654.19||–3.3%||–1.5%|
|Of which: France||347.54||315.49||-9.2%||-9.2%|
|Of which: International||328.80||338.70||+ 3.0%||+ 6.6%|
* excluding currency effect (2019-2020 exchange rates applied to 2020-2021 revenue)
Over the 2020-2021 fiscal year, the SII group achieved sales of € 654.2 million, i.e. a moderate decline of 3.3% (i.e. a decrease of 1.5% at constant exchange rates) in a context of health crisis. In the fourth quarter, the Group’s sales returned to growth and reached € 183.6 million, up 3.8% (growth of 5.6% at constant exchange rates) compared to the fourth quarter of the previous year.
Resumption of growth in France and maintenance of the resilience of international trade
In France, the fourth quarter was marked by an upturn in activity (+ 3.0%) despite a still unprecedented health context and partial lockdowns in certain regions. The annual turnover amounted to 315.5 million euros, down 9.2% compared to the previous year. After a first quarter strongly affected by the health crisis, the recovery was gradual, quarter by quarter, thanks to the energy of the teams and the resilience of certain sectors of activity. Indeed, thanks to its sectoral diversification, the SII group has been able to maintain its activity in the telecommunications, energy, banking and defense sectors.
In International, the SII group achieved sales of € 338.7 million, + 6.6% at constant exchange rates (+ 3.0% at current rates) compared to the previous year. Throughout the year, the Group demonstrated the strong resilience of its international business. The fourth quarter saw a more sustained pace of activity with sales of € 91.8 million. Business grew by 8.2% (+ 4.6% at current exchange rates) with double-digit performance (at constant exchange rates) in several countries: Poland (+ 20%), Romania (+ 18% ), Chile (+ 41%), Morocco (+ 40%) and Colombia (+ 10%). This strong geographic diversification makes it possible to offset the decline in activity encountered in countries with greater sector exposure such as Germany, Spain, the Netherlands and the Czech Republic.
This fourth quarter of the fiscal year is in line with the announcements made with the press release of February 11 of this year; this means that after three consecutive quarters of decline, we can once again post organic growth for the entire SII group. This performance should enable us to achieve the stated ambition with the posting of half-year results, namely an improvement in the operating margin in the second half of the year compared to the first quarter.
In an environment of reduced visibility, the SII group intends to return to significant organic growth over the next financial year, from the first quarter. The SII group will specify its annual ambitions for 2021-2022 when it publishes its results for fiscal year 2020-2021 in terms of revenue and operating margin.
Next financial announcement:
Annual turnover for fiscal year 2020-2021, Wednesday June 9, 2021 after market close
SII – Eric Matteucci: +33 (0) 142848222
Press relations: CIC Market Solutions – Stéphanie Stahr: +33 (0) 153488057
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Euronext Paris Compartment B
A true technological partner, SII Group brings value-added solutions to the projects of large companies. Relying on teams of expert engineers and methods applying the highest quality standards, SII’s activity is focused on:
- Technology consulting (IT, electronics and telecoms),
- Digital services (technical IT and networks).
SII Group has organized itself to offer the responsiveness and flexibility of a personalized service. SII has nine offices in France serving as profit centers with solid operational resources and the ability to support large international clients, serving companies in 18 countries on four continents.
During the 2020-2021 financial year, which ended on March 31, SII Group achieved a turnover of 654.2 million euros.
AATTACHMENT: Revenue per quarter
of which at constant rates*
of which at constant rates *
|SII Group total||147.43||153.78||169.39||183.59||654.19|
of which at constant rates *
*: excluding the impact of exchange rate variations (rates for the previous year applied to sales for the current year)