02/14/2020 UTI-GROUP: 2019 annual turnover

Press release

Paris February 14, 2020

2019 annual revenue: € 23.50 million

UTI GROUP, a Digital Services Company (ESN) dedicated to consulting and integrating new technologies within large companies, publishes its consolidated annual sales as of December 31, 2019, allowing the following comparative elements to be highlighted:

In millions of euros

31/12/2019

12/31/2018

Variation

First semester

12.52

13.67

-8.4%

Second semester

10.98

13.63

-19.4%

TOTAL

23.50

27,30

-13.9%

According to the segment information retained in the consolidated financial statements, the consolidated turnover breaks down as follows:

2019

2018

In millions of euros

First

Second

Total *

First

Second

Total

Semester

Semester*

Semester

Semester

UTI GROUP

10.39

9.00

19.39

11.38

11.17

22,55

UTI GROUP Rhône Alpes

0.98

0.92

1.90

1.12

1.23

2.35

UTI GROUP East

1.14

1.06

2.20

1.17

1.23

2.40

TOTAL

12.52

10.98

23.50

13.67

13.63

27,30

(*): Unaudited

In the second half of 2019, UTI GROUP’s turnover stood at € 10.98 million compared to € 13.63 million in the second half of 2018. At the end of the 2019 financial year, the Group thus recorded a figure consolidated revenue of € 23.50 million, down 13.9% compared to revenue for the 2018 financial year.

Carrying out more than two-thirds of its activity with major banking and insurance groups, UTI GROUP is impacted by the increasingly strong constraints faced by these players. In a context of low rates which puts pressure on the sector’s revenues, these large groups have launched major savings plans in 2019 and massively reduced IT investments in their back offices. These reductions were particularly marked on the 4thth quarter 2019.

2020 outlook

In addition to the savings plans they operate in their back offices, the major players in the banking / insurance sector are greatly accelerating the modernization of their information systems and the deployment of new agile technologies within their front offices to respond to challenges of an increasingly regulated environment, digitalization and optimization of the customer experience.

For UTI GROUP, which this year renewed its main approvals with major players in the banking sector, this acceleration is a great opportunity to support its customers in their transformations. The Group will thus accelerate the recruitment of new talents to support technological change within the front offices but also continue to disengage from its subcontracting activity to cope with the drastic reductions made by its customers in the back offices.

In 2020, UTI GROUP thus plans to achieve a stable turnover compared to that of the financial year 2019 by compensating for the decline in its back-office subcontracting activity by an increase in its front-office activity. In the longer term, the transformation operated for over a year by the Group will allow it to take full advantage of the revival of IT investments.

Next publication: 2019 annual results – March 31, 2020

About UTI Group…

Listed on Compartment C of EURONEXT Paris, UTI Group is a Digital Services Company (ESN), specialized in the integration of new technologies at the heart of the information systems of large companies. It also carries out publishing and distribution of software packages.

ISIN code: FR0000074197

For more information, you can request it at the company’s head office, 68 rue de Villiers 92532 LEVALLOIS PERRET CEDEX or consult the website: www.uti-group.com.

In addition, the Reference Document for the year 2018 was filed with the AMF on 04/30/2019 under number D.19-0454 is available on the AMF website (Www.amf-France.org) as well as on the UTI GROUP website (http://www.uti-group.com)

contacts

Christian AUMARD

Samuel BEAUPAIN

President and CEO

Press relations

Phone. : 01 41 49 05 10

Mobile: 06 88 48 48 02

Christian.aumard@uti-group.com

samuel@edifice-communication.com

The Company UTI – Union Technologies Informatique Group SA posted this, February 14, 2020, and is solely responsible for the information contained therein.
The contents have been broadcast by the public, not revised and not revised, onFebruary 14, 2020 2:11:02 PM UTC.