Aubay: Financial information for the third quarter of 2022

0

Press release

Boulogne-Billancourt, October 19, 2022

Financial information Q3 2022

Third-quarter 2022 revenue

Market conditions remain buoyant

Organic growth: +8.4%

organic

9 months

9 months

organic

In millions of euros

Q3 2022*

Q3 2021

change

2022*

2021

change

France

61.9

55.8

+10.9%

193.3

174.1

+11.0%

International

59.0

55.8

+5.8%

186.0

170.5

+9.1%

Total

120.9

111.6

+8.4%

379.4

344.7

+10.1%

* Pre-audit figures

Aubay posted a very good performance in the third quarter, with revenue of €120.9 million, up 8.4% on a like-for-like basis. The level of activity remained high thanks to continued strong customer demand.

Revenue in France was €61.9 million, up 10.9%, reflecting an excellent performance despite one less billable day during the quarter. Demand from key accounts remained strong and recruitment accelerated.

Internationally, consolidated revenue amounted to €59.0 million, up 5.8% despite an unfavorable calendar effect (one less billable day) and a high comparison base. In a context of sustained demand, the availability of consultants remained a key objective.

Organic growth for the first nine months of the year was 10.1%.

As expected, net recruitment accelerated during the third quarter, with 183 new employees bringing the Group’s total workforce to 7,625, compared to 7,442 at June 30, 2022. Aubay confirms its attractiveness in a competitive human resources market , especially internationally, where talent shortages can arise from time to time.

The group continued to balance wage inflation with the increase in its selling prices.

In this buoyant market, consultant productivity remained high at 95.9%, compared to 95.0% a year ago.

Outlook for 2022

Still supported by a buoyant market and despite the negative calendar effect of the second half, Aubay is confident in its ability to meet its sales target (€513 million).

Thanks to effective management of the wage inflation/selling price ratio, the current operating margin target was moved towards the top of the range, between 10% and 10.5%against between 9.5% and 10.5% previously.

Aubay will publish its 2022 annual turnover on Wednesday January 25, 2023 after market close.

contacts

Amaury Dugast – Finance News – Tel: +33 (0)1 53 67 36 74 – E-mail:[email protected]

David Fuks – Co-Deputy Managing Director – Finance Department – Tel. : +33 (0)1 46 10 67 67 – Email:[email protected]

Glossary

Organic revenue growth: this is the growth calculated on a constant scope of activity over a given period, excluding the turnover of companies acquired or sold over the period. As Aubay conducts most of its business in the euro zone, the impact of exchange rate variations is minimal.

9 months

2022

Organic growth

+10.1%

Impact of changes in scope

0

Growth as reported

+10.1%

current operating income: this indicator corresponds to operating income before cost of free shares and other unusual, significant or infrequent income and expenses and accounted for separately in order to facilitate understanding of an entity’s current operating performance.

Operating margin from ordinary activities: this indicator, expressed as a percentage, is the ratio between the operating result on activity and the turnover.

Net debt or net cash: this indicator represents the difference between an entity’s cash and debt. If the result is negative, it is called net debt. If it is positive, we speak of net cash.

About Aubay

Aubay is a digital services company alongside the biggest names in the Banking, Finance, Insurance, Industry, Energy, Transport and Telecom sectors. With 7,625 employees in seven countries (France, Belgium, Luxembourg, Italy, Spain, Portugal and the United Kingdom), Aubay achieved a turnover of 470.6 million euros in 2021.

Euronext,

Compartment: B

IS IN

FR0000063737-AUB

Reuters

AUBT.PA

Bloomberg

AUB: FP

contacts

Amaury Dugast – Finance News – Tel: +33 (0)1 53 67 36 74 – E-mail:[email protected]

David Fuks – Co-Deputy Managing Director – Finance Department – Tel. : +33 (0)1 46 10 67 67 – Email:[email protected]

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