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Revenue first half year 2018

24/07/2018

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Angers, 24 July 2018 - Evolis, world leader in plastic card customization solutions, recorded revenue of €38.0m in first-half 2018, down 0.7% on first-half 2017 at constant exchange rates (-6.4% at current exchange rates). The period was marked by the combination of an unfavourable currency effect of €2.4m and a shortfall in major projects. Second-quarter revenue totalled €19.7m, up on the first quarter and driven in particular by the Projects business line.

CHANNELS BUSINESS LINE STABLE, PROJECTS BUSINESS LINE IMPACTED PRIMARILY BY THE AADHAAR GOVERNMENT PROJECT IN INDIA

  • The Channels business line posted half-year revenue of €26.8m, stable on first-half 2017 (€26.9m). Second-quarter revenue totalled €13.5m (down 3.6% compared to second-quarter 2017).
  • The Projects business line reported first-half revenue of €9.0m, down 21.7% on first-half 2017. Business picked up in the second quarter (€5.1m in revenue) than in the first (€3.9m).
  • SIGNATURE OF A SUBSTANTIAL CONTRACT IN INDIA
    Evolis India announces the signature of a government contract. The project, signed with a new Indian partner, a major player in systems integration, will deliver a turnkey solution for the issue of healthcare and family ID cards.
    The contract will generate revenue of USD 2.8m for Evolis. Evolis will supply all the printing modules for the instant issuance of these cards.

 

Christian Lefort,CEO of Evolis, states:

“After a difficult first quarter and a slight improvement in the second quarter, I am delighted to announce that Evolis is successfully back on track regarding major projects. We won a substantial government project in India thanks to close collaborative work between our new teams in the country, our new Indian system integrator partners and our teams at head office in France. I would like to congratulate all the employees involved. This contract is part of a trend towards renewed business activity. We are confident about the outcomes of other major projects in Asia and in Europe.”

Read the full press release

 

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