FIRST HALF YEAR 2019: Strong revenue and EBITDA growth
International expansion and strengthened position in Smarter Cities mark important steps in strategic roadmap
Highlights H1 2019
Revenue came in at € 79.8 million, an increase of 31%, organic growth was 9%
EBITDA increased to € 8.8 million including IFRS 16 effects. Pre-IFRS 16 EBITDA increased 27% to € 6.4 million (H1 2018: € 5.1 million)
Underlying net profit amounted to € 1.9 million, up 24% compared to H1 2018
Acquisition of Additude marks international expansion into Sweden
Mobility as a Service strengthened with acquisition of BNV Mobility
Letter of intent signed to acquire Proficium to strengthen position of ICT in Smarter Cities
Outlook 2019: ICT expects further growth in revenue and EBITDA in the second half of 2019 compared to the first half of 2019
Jos Blejie, CEO of ICT Group N.V.:
“In the first half of 2019 ICT Group showed strong revenue growth, on the back of both acquisitions and robust organic growth. The latter was in particular driven by the strong demand in the High Tech and Automotive sectors. Moreover, with the international expansion, the growth in our nearshoring capabilities and the strengthening of our market position in Infra & Mobility, we are well underway in delivering on our strategic agenda. Our efforts are clearly valued by our business partners, as demonstrated by various awards we received from a number of our key partners in the past months.”
Key figures*
Post-IFRS 16 Pre-IFRS 16
(in millions of €) H1 2019 H1 2019 H1 2018 Change
Revenue 79.8 79.8 60.9 31%
Revenue Added Value 65.9 65.9 54.5 21%
EBITDA 8.8 6.4 5.1 27%
Amortisation / depreciation 5.7 3.3 2.3 46%
One-off accounting gains (**) 0.7 0.7 4.1 -83%
Net profit (**) 2.5 2.5 5.7 -55%
Underlying net profit 1.9 1.9 1.5 24%
Earnings per share (***) (in €) 0.27 0.27 0.59 -54%
(*) Unaudited half-year results
(**) In H1 2019: one-off accounting gain of € 0.7 million following the revaluation of ICT’s stake in GreenFlux (second round) and in H1 2018: oneoff accounting gains of € 4.1 million related to the acquisition of the remaining 50% stake in InTraffic (€ 3.5 million) and the revaluation of ICT’s
stake in GreenFlux (€ 0.6 million)
(**) Based on reported net profit and the average number of outstanding ordinary shares
see & read more on
http://files.smart.pr/4a/6eb276fc6c4163aa65a31e82503966/ICT-Group-press-release-H1-2019.pdf
tijd 11.02
ICT EUR 14,65 +90ct vol. 20.551