ASSYSTEM : First-half 2016 consolidated revenue, Organic growth of 7.4%

                
First-half 2016 consolidated revenue

• Organic growth of 7.4%
• A strong rise in revenue from Aerospace, Automotive and Nuclear activities

Paris, 28 July 2016, 5.35 p.m. CET - Assystem S.A. (ISIN code: FR0000074148 - ASY), a leading player in engineering, today announced its consolidated revenue figures for the six months ended 30 June 2016 (first-half 2016).

First-half 2016 consolidated revenue
and year-on-year changes (unaudited)

* Based on a comparable Group structure and constant exchange rates.

Assystem's consolidated revenue rose by a strong 7.4% in the first half of 2016, breaking down as 7.4% in organic growth, a 0.7% increase due to changes in scope of consolidation and a 0.7% negative currency effect.

GLOBAL PRODUCT SOLUTIONS

Revenue generated by Global Product Solutions in the first six months of 2016 climbed 12.6% to €290.4 million and accounted for 60.5% of total consolidated revenue for the period. The year-on-year growth figure reflects 12.3% in organic growth, a 1.2% increase due to changes in scope of consolidation (resulting from the acquisition of Plast Concept in the fourth quarter of 2015), and a 0.9% negative currency effect.

Revenue from Aerospace activities came to €171.0 million, up by a strong 7.1% (8.4% on an organic basis for the full six months compared with 4.9% for the first quarter). This good showing was driven by growth posted by activities dedicated to manufacturing processes, which was particularly high in the second quarter of the year.

Automotive activities continued their brisk momentum, recording a 32.1% revenue jump in first-half 2016 to €95.3 million. Organic growth totalled 27.9%, versus 25.0% for full-year 2015.

ENERGY & INFRASTRUCTURE

Revenue for the Energy & Infrastructure business rose 1.2% to €155.7 million and represented 32.4% of the consolidated total. Organic growth during the period was 1.8% and there was a 0.6% negative currency effect.

Revenue from Nuclear activities came to €90.6 million, with robust organic growth of 8.8% excluding the effect of a contraction in revenue generated with the Areva group (3.8% including this effect). Performance was mainly driven by operations carried out at the installed base of civil nuclear reactors.

Other Energy & Infrastructure activities reported €65.1 million in revenue in first-half 2016. This figure represents a slight €0.7 million year-on-year decrease, stemming from the combined effect of a €4.3 million decline due to the impact on Radicon's revenue of the challenging operating context in Saudi Arabia, and a 3.6 million increase for European operations.

STAFFING

At €29.4 million (accounting for 6.1% of the consolidated total), revenue for the Staffing business was 6.9% lower than in the first half of 2015 but €1.0 million higher than in the second half of that year.

HEADCOUNT

The Assystem Group had 11,755 employees at 30 June 2016, representing a net increase of 202 people compared with 31 December 2015.

OUTLOOK FOR 2016

Assystem is revising upwards its full-year 2016 organic growth target at constant exchange rates to over 5% (compared with the previous target of over 3.5%).

2016 FINANCIAL CALENDAR

• 13 September: Press release for first-half 2016 results (after close of trading).
• 12 October: Business Day.
• 8 November: Press release for third-quarter 2016 revenue (after close of trading).

Assystem is an international group specialised in engineering. As a key participant in the industry for 50 years, Assystem supports its clients in developing their products and managing their capital expenditure throughout the product life cycle. Assystem employs some 11,800 people worldwide and generated €908 million in revenue in 2015. Assystem S.A. is listed on Euronext Paris.

For more information please visit www.assystem.com
Follow Assystem on Twitter: @Assystem

CONTACTS

Philippe Chevallier                                                                                            Agnès Villeret
Deputy Chief Executive Officer & Chief Financial Officer                         Komodo - agnes.villeret@agence-komodo.com
Tel.: +33 (0)1 55 65 03 10                                                                                Tel.: +33 (0)6 83 28 04 15

FIRST-HALF 2016 REVENUE BY QUARTER

* Based on a comparable Group structure and constant exchange rates.