2012: Another year of strong growth, both in quantity and in positioning

This increase is the result of mainly organic growth (+ 8.1%) that is greater than that of the market, both in the Large Accounts and Mid-Market activities, which show increases of 8.6% and 6.8% respectively, at constant structure and exchange rates. However, it should be noted that growth slowed quarter by quarter over the year. 

The current operating income increased by 3.4% to €4.5m, driven by an increase in the income from Large Accounts activities, with Mid-Market activities showing a slight decrease in their profitability in the first half of 2012.

Earnings before interest and taxes amounted to €4.2m compared with €4.5m for 2011, which had benefited from €0.5m worth of positive non-recurring items.

The net profit group share fell to €1.8m compared with €3.0m in 2011 because of an increase in financial fees of €0.1m, other financial expenses of €0.2m (mainly exchange rate fluctuations) and an income tax expense of €0.6m.

 

The net financial debt showed a marked increase on December 31, 2012 to €14.5m compared with €7.2m on December 31, 2011, because of the variation in working capital requirements. Liquid assets remain stable on December 31, 2012 at €15.4m (€15.0m on December 31, 2011) and the financial structure remains solid.

 

2013 Outlook

The 2012 fiscal year saw continued progress in the Group's market positioning, both quantitatively and in brand recognition.

Keyrus will profit in 2013 from their unique positioning to take advantage of the strong market dynamics in the field of Enterprise Information Management that has become more than ever a key factor in its clients’ success.

With the skills deployed over the last few years – expertise in major businesses and functions, expertise in the digital field, expertise in BI technologies and information management organization - the Group is able to take on these subjects with all the required aptitude.

"In a more entrenched  context, our great asset is all the work we have done over several years in approaching business leaders to support them in the problems of increasing the value of their data and information. We are thus quite optimistic about the opportunities the market will offer us in 2013. The needs are there, as are the technologies that allow us to meet them, and we can help our customers draw up strategies with a high return on investment and implement them. The real focus remains the strong pressure on the prices of our services, so, while we remain confidant despite the difficult economic climate, we also remain very vigilant ,and emphasize the profitability of our operations."

 

Eric Cohen

Founder & CEO