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A first quarter driven by the Projects business

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Sales 1st quarter 2017: M€ 19.9  

Angers, 11 April, 2017 - Evolis, world leader in plastic card customizing solutions, achieved sales totalling M€ 19.9 at 31 March 2017, an increase of 11.2% vs. the same quarter of 2016, with major discrepancies depending on the geographical areas. The Projects business grew 56.6%, while the Channels business remained stable (- 0.16%).

Consolidated turnover, in M€

Q1 2016

Q1 2017

Change 2017/2016

1st quarter

17.9 

19.9 

+ 11.2%

 

The Channels business remains stable, while the Projects business booms

Sales 1st quarter 2017 ENG

The traditional ID Channels business shows a slight downturn of 2.5%, mainly in two areas: North America and Europe. The IT Office business, with the entry-level Badgy solutions, continues to build in line with 2015 forecasts and has grown by 37.8% across all areas.

The Projects business is booming this quarter as it did in the last quarter of 2016. The roll-out of a government project in India aimed at a decentralised issue of several million resident permits continued throughout the quarter. The group also signed a significant banking project in the Middle East which will be rolled out throughout 2017. In China, the Projects business was affected by order postponements during the second half.

Geographically, sales were mainly boosted by excellent performance in India (+ 14.4% at M€ 2.8) and EMEA (+ 11.8% at M€ 9.5), notably in the Projects business. The Americas area has declined by 1.6% (M€ 4.5) and continues to implement its operational reorganisation. Sales in the Asia area pan out at M€ 2.0, on the downtrend due to project postponement.

 

Annual sales objective confirmed on target

Reorganisation in the American subsidiary and insufficient visibil

ity regarding the signing of several major projects currently being negotiated have lead the group to confirm its 2017 consolidated sales growth objective of +5%.

Evolis continues to focus on its ambition to achieve M€ 100  sales within 3 to 5 years.

 

 

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