Assystem’s 2018 Revenue Takes Off
What the Numbers Say
- Group revenue: €444.1 million (12.4% jump from 2017)
- ~Energy & Infrastructure boost: €391.3 million (14.7% rise)
- ~Staffing down a smidge: €44.2 million (–2.1%)
- Other revenues stay flat around €8.6 million
Under the hood, the overall rise consists of a 6.8% like‑for‑like increase, a 7.1% gain from changing the scope of consolidation, and a little 1.5% drag from foreign currency moves.
Quarter‑by‑Quarter Highlights
Finally, Q4 gave the year a 18.9% lift: 13.0% like‑for‑like, 6.9% from consolidation, 1.0% currency. The second half of 2018 was the real hero – a solid 12.9% rise in like‑for‑like numbers, a full half‑year improvement over 2017.
Energy & Infrastructure – Getting Hot in the Field
- New revenue: €391.3 million (14.7% up)
- Like‑for‑like: 7.5%, consolidation churn: 8.3%, currency: –1.1%
- Q4 EBITA: 21.7% total, broken down as 15.2% like‑for‑like, 7.9% consolidation, –1.4% currency
Spotlight: Nuclear
Revenue surged 22.1% to €251.0 million. That’s 17.2% like‑for‑like, 6.3% consolidation, 1.4% currency. Q4 saw a 24.7% jump – quite the “artillery” of growth, thanks to France, the Middle East, and Turkey.
Energy Transition & Infrastructures (ET&I)
Flexed a modest 3.3% year‑on‑year rise to €140.3 million. The 7.5% like‑for‑like dip was offset by a sweet 11.4% consolidation boost. Q4’s 4.7% like‑for‑like rise turned into a robust 16.8% total thanks to Radicon’s Building Infrastructure and Life Sciences.
Staffing – A Cautious Climb
- Revenue: €44.2 million (2.4% up)
- Half of that is Industry, which balanced the drop in Oil & Gas.
- Currency contributed a negative 4.5% over the year; the late‑year USD hug helped lift Q4 by 2.5%.
People Power
Assystem’s workforce grew from 4,833 in 2017 to 5,608 in 2018 – a solid 775 new hires, showing north‑bound momentum.
Expleo Group – The Real Deal
Assystem owns 38.2% of Expleo (formerly Assystem Technologies Groupe). Expleo’s revenue exploded from €673.6 million to €1,042.5 million – a staggering 54.8% jump. That’s 7.7% like‑for‑like, a whopping 47.5% consolidation lift (thanks to SQS), and a tiny –0.5% currency tweak.
Financial Mojo – EBITA & Cash Flow
Assystem is holding fast to its full‑year 2018 EBITA and free‑cash‑flow targets. No unexpected surprises, just steady progress.
2019 Calendar Snapshot
- 18 Mar: Full‑year 2018 results meeting (19 Mar 2019)
- 29 Apr: Q1 2019 revenue announced
- 16 May: Annual General Meeting
- 30 Jul: Half‑year 2019 revenue announced
- 9 Sep: Half‑year 2019 results meeting (10 Sep 2019)
- 30 Oct: Q3 2019 revenue announced
There you have it – a tidy recap of Assystem’s 2018 tick‑tock: revenue rockets, robust growth, and a workforce that’s climbing. Let’s see how it all plays out in 2019!
