- Consolidated revenue for the STERIA Group in 4Q03 was 283 million Euros, an increase of 3% (on a like for like basis) versus the same period in 2002.
- Consolidated revenue in 2H03 was 492 million Euros, an increase on the first half of 2003 (479 million Euros), in line with our announcement of 30 September 2003, and confirming that the European IT services market is now starting to stabilise.
- Full-year consolidated revenue came to 970.5 million Euros in 2003, a decline of 1.6% (with a constant currency exchange rate) versus 2002 (not including UK outsourcing activities in 1Q02).
STERIA will have met its primary objective of improving operating profitability over FY03.
The stabilisation in the European IT services market, which started at the end of 4Q03, should continue in the first few months of 2004, paving the way for a return to growth in the second half of 2004, in line with GARTNER Group’s forecast for 2004 of around 3% growth in the European market.
In this environment, STERIA reaffirms its first priority for 2004 to further improve operating profitability and its willingness to increase market share.
STERIA, an end-to-end IT services provider, has also confirmed its intention to consolidate its position amongst the top 10 European services providers. To achieve this, STERIA will continue to take an active part in the consolidation of the European IT services sector, its target being to achieve revenue of around 2 billion Euros in 2006.
STERIA will publish its 2003 annual results on Thusday 8th April 2004.
STERIA is listed on the Euronext First Market
Code ISIN : FR0000072910, Bloomberg Code : RIA FP, Reuters Code : TERI.PA
Euronext 150, SBF 120, IT CAC 50, MIDCAC
For further information, consult the Internet site: http://www.steria.com
For additional information, contact:
Claire Dell/Ghezala Beg
Brodeur Worldwide for Steria
Tel: + 44 (0)20 7298 7046/7063
Mail to: email@example.comfirstname.lastname@example.org
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