Unilog announces 2004 Results
- Unilog announce a good performance in France and a recovery of subsidiaries in Europe
Trend in profitability
|(millions of euros)
|Net income before goodwill
|Net income, Group share (after GW)
|Workforce as of 12/31
As anticipated, the year 2004 was marked by a rise in profitability
that outstripped the increase in revenues. This improvement concerned
all the geographic regions in which the Group operates.
- In France, operating income increased by 11.1% and corresponded to an
operating margin of 10.7% (compared with 10.3% in the previous year).
- In Germany, the operating loss was reduced from 5 million euros in
2003 to 1.1 million euros. This figure includes the negative
contribution of 3.4 million euros from Training activities, affected by
restructuring costs. Conversely, Consulting & Systems Integration
Systems reported a profit, principally as a result of the six-month
consolidation of Avinci.
- In the United Kingdom, the operating loss stood at 0.7 million euros,
down from 2 million euros in 2003.
- In Switzerland, operating income totalled 0.6 million euros,
corresponding to an operating margin of 5.2%.
In the final analysis, the Unilog Group achieved its constant objective
in 2004, generating a net margin (before goodwill) of at least 5%.
This favourable trend in results allows the introduction of the new
financial approach announced at the Shareholders' Meeting in November
2004. The Executive Board will propose that the Annual Shareholders'
Meeting of June 14, 2005, approve the payment of a net divided of 0.70
euro per share (compared with 0.45 euro for 2003).
Outlook for 2005
The Group intends to pursue its strategy based primarily on organic
growth that significantly outperforms the market. Consequently, in an
improved economic environment and in light of the ongoing recovery of
European subsidiaries, growth in 2005 is expected to be stronger than
is a European IT services and management consultant
specialist that works alongside major companies on their
system-integration, management consulting, outsourcing and training
projects. With 7,500 employees, the company has bases in France,
Germany, the United Kingdom, Switzerland, Austria and Luxembourg.
Through its partnerships with ESCAN (southern Europe) and Keane (North
America), Unilog & Affiliates implements both national and
international projects. Local, nearshore and offshore (Maroc, Liban,
Inde, Canada) service-centres add to this scope. To find out more:
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