Consolidated revenue (under IFRS) for the Steria Group in the first quarter of 2005 which included Mummert Consulting for the first time, was 278.3 million Euros, representing an increase of 17.4% compared with the first quarter of 2004. As part of its strategic plan, Steria has strengthened its international positioning as one of the Top-10 end-to-end IT services providers in Europe's three largest countries: in France 41% of total revenue, in the UK 23% and in Germany 16%.
For a full table of results, please visit:
Over the quarter, the European IT services sector confirmed the gradual recovery begun in the second half of 2004. On a country by country basis, the first quarter of 2005 saw the following developments:
-In France, the Steria group maintained a steady pace of growth which helped it win market share.
-In the United Kingdom, the public sector, where Steria has a strong footing, was impacted by preparations for the general elections.
-In Germany, the economic climate deteriorated again after a brief upswing at the end of 2004. However, Steria's new positioning in the Services sector (Finance, Utilities, Public sector), resulting from its alliance with Mummert Consulting, enabled it to hold up well.
-In other European countries, the Steria group posted significant growth, particularly in Scandinavia and Belgium.
In terms of business lines, the highlight was a return to positive growth of the Consulting and Systems Integration activities, which today generate 58% of total revenue. The Outsourcing business (42% of revenue) continues to post steady growth and is strengthening Steria's positioning as one of the European leaders on this segment.
The alliance with Mummert Consulting was concluded on 11 January 2005. Owing to the preparations made prior to the closing, the group was able to immediately start the integration process with a view to swiftly reaping the benefits from the planned synergies.
On 31 January 2005, Bull sold its 6% remaining stake in Steria and therefore no longer owns an interest in the Steria Group. This operation raised the group's free float to 75%, which should significantly increase the liquidity of the Steria share.
Improvements in two key indicators were evident at the end of the first quarter:
-A book-to-bill ratio of 1.35 (orders/revenue)
-Inter-contract rates were almost one percentage point lower than in the first quarter of 2004.
These figures are consistent with the Steria Group's objectives set out in our press release of 7 April 2005.
Shareholders General Meeting
Groupe Steria SCA is to hold its Shareholders General Meeting on 15 June 2005, starting promptly at 11 am, at the Ritz Hotel, 15 place Vendtme, 75001 Paris. Registration will begin at 10 am.
Any shareholder, regardless of the number of shares he/she holds, is entitled to attend this meeting in person or be represented by proxy, subject to the following conditions:
-holders of ordinary registered shares must ensure that their shares are registered in the shareholder account at least five days before the meeting,
-holders of ordinary bearer shares must provide evidence of their identity and their ownership of the shares, at least five days before the meeting, by submitting to the centralising financial institution for the meeting, Natexis Banques Populaires, Services Financiers Emetteurs Assemblies, 10-12 avenue Winston Churchill 94677 Charenton-Le-Pont Cedex, a certificate (certificat dimmobilisation) obtained from the accredited financial intermediary with which they have deposited their shares (bank, brokerage house, etc.) stating that the shares are blocked up to and including the date of the
Shareholders General Meeting.
Shareholders can also obtain proxy forms, postal voting forms and the legal notice of convocation on written request from Natexis Banques Populaires (tel: +33 1 58 32 47 80), by post or fax (+33 1 58 32 46 60).
Steria is listed on Euronext Paris, Eurolist (Compartment B)
ISIN Code: FR0000072910, Bloomberg Code: RIA FP, Reuters Code: TERI.PA
Euronext 150, SBF 120, IT CAC 50, MIDCAC
For further information, visit our website: http://www.steria.com
For more information, contact:
Casey Balkham/Ghezala Ali-Sultan
Tel: +44 (0)20 7298 7043/7063
Tel : 01 34 88 64 44 / 06 15 15 27 92
Tel: +33 1 34 88 61 95 / +33 6 09 48 08 83
Mail to: email@example.com
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