Revenue of the First quarter - increase of 26%
Consolidated revenue: increase of 26%
AKKA / MBtech: a new growth dynamics
1.Revenue of the First quarter - €142.7 million
Non-audited consolidated data - in € million
Q1 2012
Q1 2011
Growth
Revenue
142.7
113.7
26%
France
117.9
98.4
+20%
Germany
6.5
2.9
+124%
Rest of World
18.3
12.4
48%
Q1 2012 includes €23.8 million due to the consolidation of Aeroconseil from October 1st 2011. Actions and synergies are currently processed in order to harmonize the company's services and organisation to the Group standards.
The business in France grew by 20%, in Germany by 124 % and the the rest of world by 48% with an increase of 14% in Belgium, 15% in Italy and 34% in Romania.
Consolidated, the revenue for the aeronautics business doubled to €50 million. Growth in the mobility sectors continued. On a like-for-like basis, the aeronautics business grew by 11% and railways by 17%.
The organic growth was 5.1%. It results from a strong dynamic in Germany and the Rest of the World and a very competitive French environment who led the group to arbitrate AKKA growth outside France. The utilization rate is normalised.
Strong dynamic in Germany
2. AKKA Technologies / MBtech – an international group
The acquisition of MBtech, consolidated from April 1st 2012, creates of the European leader in Engineering and Technology Consulting in the mobility sector. Daimler stays a minority (35%) shareholder and ensures the sustainability of long-term revenue for the next 5 years.
In 2011, MBtech revenue* increased up to €370 million by 22% on 2010, with growth of 91% in Germany, 4% in the Czech Republic, 2% in China and 3% in the USA. A profitable company, MBtech posted an operating profit of €9.3 million in 2011.
MBtech performed well in the 1st quarter of 2012 with revenue of €98.4 million, up by over 10% compared to the same period in 2011. Daimler contributed 87% to the revenue of the quarter.
Following the lead set by AKKA Technologies, MBtech will increase the pace of its growth through sector diversification (aeronautics, rail industries and automotive). Daimler and AKKA Technologies intend to develop the company jointly in order to strengthen its competitiveness.
AKKA Technologies data for 1st quarter 2012
Non-audited consolidated data - in € million
Q1 2012
AKKA
Q1 2012
MBtech
Combined revenue
Revenue
142.7
98.4
241.1
France
117.9
-
117.9
Germany
6.5
86.9
93.4
Rest of World
18.3
11.5
29.8
For the 1st quarter 2012, combined, total revenue for the Group rose to €241.1 million, with France contributing 49%, Germany contributing 39% and the Rest of the World 12%. The mobility sector contributed 83% to combined revenue.
The AKKA Group intends to recruit over 2,000 employees worldwide this year, and strengthens its appeal by offering employees new career opportunities.
With its 10,000 engineers working across high added value sectors and plans for extensive organic growth in Germany, AKKA Technologies focuses from now on the construction of a group of more than one billion euros with serenity.
*Datas in local GAAP not audited
Next press release: Revenue for 2 nd quarter, 17 July 2012 after the stock market closes.
Let's share our passion for technology. "
Thanks to the mobility of its teams and international profile, AKKA Technologies is involved in projects using cutting edge technology around the world.
AKKA Technologies has over 10,000 employees and operates in over 27 countries: Germany, North America, Belgium, Bulgaria, Canada, China, UAE, Spain, France, Hungary, Italy, India, Luxembourg, Morocco, Netherlands, Poland, Czech Republic, Romania, UK, Switzerland, Tunisia. AKKA focuses on building a group of 1 billion euros, of which 50% outside France.
AKKA Technologies is listed on EuronextTM Paris – Compartiment B –ISIN Code: FR0004180537.
CAC® Small, CAC® Mid & Small, CAC® All-Tradable, CAC® All-Share indexes.
For further information go to www.akka.eu
Contacts:
AKKA Technologies
Nicolas Valtille / Deputy Managing Director - Finance - Tel: + 33 (0)4 78 92 60 83 - finances@akka.eu
Delphine Méric / Investor Relations – Tel: + 33 (0)6 81 20 97 14 – d.meric@akka.eu
Actus Lyon
Amalia Naveira – Analyst/investor relations - Tel: + 33 (0)4 72 18 04 97 - anaveira@actus.fr
Marie-Claude Triquet – Press Relations – Tel: + 33 (0)4 72 18 04 93 – mctriquet@actus.fr
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