Strong performance with EBITDA up 16%; impact Covid-19 on full year 2020 limited
Highlights FY 2020
Full year revenue was up 3% at € 160.0 million, organically flat
EBITDA increased 16% to € 19.2 million, EBITDA margin improved to 12.0% (2019: 10.6%)
Net profit increased 63% to € 4.4 million
Proposed dividend of € 0.40 per share for the year 2020
Covid-19 impact overall limited; backed by sustained robust performance of project business and strong growth in nearshoring
Financing agreement extended to 2024
Highlights Q4 2020
Revenue in Q4 came in at € 40.3 million (Q4 2019: € 39.8 million)
EBITDA increased 27% to € 5.7 million in Q4 2020 (Q4 2019 4.5 million)
Acquisition of Yellowstar, active in supply chain software, announced
Recommended all-cash public offer
Today ICT Group and a Consortium led by NPM Capital have reached conditional agreement on a recommended all-cash public offer for all Shares in ICT Group at an offer price of EUR 14.50 (cum dividend) per share. For more information we refer to the press release published this morning.
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Jos Blejie, CEO of ICT Group N.V.:
“The onset of Covid-19 turned 2020 into a truly remarkable year. Although we have had to operate in an unstable environment, we can conclude that the overall impact of Covid-19 on our business was limited in 2020. Thanks to the spread of our activities and the quick and decisive actions taken, and most importantly thanks to the strong commitment and flexibility of our professionals and the loyalty of our clients, we have shown resilience in this crisis.


Our productivity levels started rising again from the start of summer and are close to pre-Covid levels since the third quarter. Our project business continued to perform well in 2020 and our nearshoring activities were able to capture strong growth, being greatly positioned to benefit from the increased outsourcing of projects. We continued to invest both in the organisation and our people in the past year. The further development of our industry-specific software propositions was a key spearhead this past year. As from January 2021, we have bundled these software propositions in a new segment, to further fuel focus and management attention, enabling these activities to thrive.”


Although the uncertainties related to Covid-19 continue in 2021, I am positive about the future. We remain committed to continue on our strategic roadmap. As demonstrated by our latest acquisition Yellowstar, we are diligently building upon our strategic strengths and I am confident that we are well underway to deliver on our mid-term objectives.”

see & read more on
210305-ICT-Group-press-release---Full-year-results-2020-ICT-Group.pdf

tijd 09.33
ICT EUR 14,25 +3,25 vol. 44.234 Bieding van NPM Capital van EUR 14,50 cum dividend 2020