Accelerated execution of strategy drives strong results
Highlights FY 2016
· Revenue up 25% to € 89.7 million, 8% organic growth
· EBITDA increased 44% to € 10.3 million, organically EBITDA was up 5%
· The recent acquisitions contributed considerably to the growth in revenue and results
· The net result came in at € 5.0 million, a 41% increase compared to 2015
· Proposed dividend of € 0.33 per share for the year 2016
Highlights Q4 2016
· Revenue up 32% to € 26.6 million, EBITDA increased 74% to € 4.0 million
· Organically revenue and EBITDA growth was in line with the full year growth; consolidation of Nozhup and BMA significantly contributed to the group’s Q4 results
Outlook
· ICT expects a further growth in revenue and EBITDA for 2017 compared to 2016
Key figures
(in millions of €)
FY 2016 FY 2015 Change Q4 2016 Q4 2015 Change
Revenue 89.7 71.8 25% 26.6 20.1 32%
Revenue Added Value 79.4 65.5 21% 23.3 18.2 28%
EBITDA 10.3 7.1 44% 4.0 2.3 74%
Amortisation / depreciation 2.9 1.8 60%
Operating result 7.4 5.3 39%
Net profit 5.0 3.6 41%
(in €)
Earnings per share (*) 0.56 0.41 37%
Proposed dividend per share (**) 0.33 0.24 38%
(*) Based on the average number of outstanding ordinary shares.
(**) Based on number of issued shares at year end
Jos Blejie, CEO of ICT Group N.V.: “2016 has been a good year in which we have made many steps in the execution of our strategy. We continued with a clear focus on what we try to accomplish every day; making the world a bit smarter with our technologies and skills. We further shaped the company into an even more customer centric organisation, which translated into healthy organic growth of 8%. With the acquisitions of the past year, we have further strengthened our position in our three main themes; Smarter Industries, Smarter Cities and Smarter Health. In 2016 we continued to challenge innovation and entrepreneurship. With success. A range of new business development initiatives were originated. We will continue to invest substantially in new technologies and the development of new solutions. We defined our strategy in 2015, delivered on an accelerated execution in 2016, and are excited to continue our successful strategy and further build on our strong foundation in 2017.
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