First-quarter 2018 revenue
Angers, April 10, 2018 – Evolis, world leader in plastic card customization solutions, posted revenue of €18.3m in first-quarter 2018, down 1.6% on first-quarter 2017 at constant exchange rates (-8.4% at current exchange rates).
Contrasted performances between business lines
- The Channels business line recorded revenue of €13.3m, up 2.2% (+9.7% at constant exchange rates).
- The Projects business line has a high number of contracts under signature, which will offset the order gap in the first quarter.
- Annual revenue guidance confirmed
Overall, revenue for the Projects business line came out at €3.9m, down 34.2% (-27.4% at constant exchange rates). Evolis has several growth sources for its Projects business line. In the Middle East region, banking projects are currently being signed. In the United States, Evolis’ banking partners have reconfirmed their revenue objectives. Evolis is confident that the shortfall is merely temporary. Lastly, in India, the new team is pursuing its efforts to grow business activity. Given these factors, the Projects business line will regain its growth momentum in the coming months.