PRESS RELEASE – ICT GROUP 2018 FULL-YEAR RESULTS
Barendrecht, 1 March 2019
ICT GROUP REPORTS SOLID PROFITABLE GROWTH IN 2018
Important acquisitions in Infra & Mobility and launch of OrangeNXT mark important steps in execution of strategic roadmap

Highlights FY 2018
Revenue up 24% to € 129.9 million, 6% organic growth
Underlying EBITDA rose 19% to € 14.2 million, reflecting an underlying EBITDA margin of 11%
Acquisitions of NedMobiel and remaining 50% of InTraffic were completed; significantly strengthening ICT’s strategic position in Infra & Mobility
Software as a Service solutions now bundled in OrangeNXT, a strong platform that supports customers in their digital transformation
Net profit increased to € 9.4 million, including one-off accounting gains of € 4.1 million
Proposed dividend of € 0.38 per share for the year 2018
Highlights Q4 2018
Revenue up 30% to € 37.2 million, EBITDA up 28% to € 5.4 million (Q4 2017: € 28.5 million and € 4.2 million, respectively)
Organic revenue growth of 8%

Outlook
ICT expects further growth in revenue and EBITDA in 2019 compared to 2018
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Jos Blejie, CEO of ICT Group N.V.: “We are pleased with the revenue growth of 24% and the EBITDA margin we reported in 2018. Our results show that we are delivering on our promise of healthy and profitable growth while taking significant steps in the execution of our strategy. We significantly enhanced our position in Smarter Cities with our recent acquisitions and are now even better positioned to support our customers in their digital transformation with the OrangeNXT software solutions that combine our expertise and domain knowledge. In 2018 we celebrated our 40th anniversary. Throughout the years we have come to mean more and more to our customers and have grown into leaders in our core markets. I am proud of our over 1,250 professionals who really make a difference. In January 2019 we acquired Additude, a leading Swedish IT consultancy that is a perfect fit with our international expansion strategy. For 2019 we expect higher revenue and EBITDA.”

Strategic update: ‘Develop the future’
At the Capital Markets Day in November 2018 ICT presented its ‘Develop the Future’ strategic update, defining its strategic roadmap and new long term objectives for 2022 as follows:
? to increase the company’s annual revenue to around € 200-230 million in 2022 through organic growth of more than 5% along with acquisitions
? to maintain a profitability margin (EBITDA) of between 10 and 12%
Focus in 2019 Growth will again be the main focus for 2019. Our growth path is defined by our strategic roadmap 2022. The buy-and-build strategy continues to be fully focused on profitable growth, combining healthy
organic growth with selective acquisition opportunities.
ICT aims to grow organically in a tight labour market by:
? remaining an employer of choice
? seizing opportunities provided in high growth areas and industries with our Software as a Service solutions bundled in OrangeNXT
? accelerating our nearshoring offerings
At the same time ICT will continue to pursue suitable acquisitions. This includes companies with compelling offerings in the countries in which ICT is already active as well as other geographies, with a focus on Northern Europe. After the balance sheet date ICT announced the acquisition of Additude, a leading Swedish IT consultancy firm. This acquisition is a perfect fit with this international expansion strategy.

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