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Fiscal 2023-2024 third quarter revenue
F I N A N C I A L R E L E A S E 1 / 3 Paris, February 13, 2024 – 6 p.m. Fiscal 2023-2024 third quarter revenue : €826.2m Growth of 12.2% for the first 9 months Business in France up 7.4 percent International operations up 15.6 percent SII Group, which specialises in engineering business, has announced its third quarter revenue for 2023-2024 fiscal year. Eric Matteucci, Chairman of the Management Board, commented: “Unsurprisingly, the third quarter of 2023-2024 was a continuation of the previous months. The slowdown in growth continues in an uncertain macroeconomic context, with a wait-and-see attitude taking hold. Despite this unfavourable environment, the SII Group is proving resilient and continues to post growth. Our overall performance over the first 9 months of this financial year remains above that of our benchmark market. I would like to thank our teams and our customers for continuing on this path.” in €m 3rd quarter (to December 31) 2022-2023 2023-2024 Change 0rganic change* First quarter revenue 238.45 269.32 +12.9% +10.1% Second quarter revenue 238.75 269.03 +12.8% +8.0% Third quarter revenue 259.31 287.81 +11.0% +6.0% Nine-Month revenue 736.51 826.16 +12.2% +8.4% Of which: France 308.80 331.65 +7.4% +3.2% Of which: International 427.71 494.51 +15.6% +12.1% * excluding external growth and exchange rate effects (exchange rate 2022-2023 applied to 2023-2024 revenue) The SII group, a specialist in engineering businesses, posted revenue of €287.8 million for the third quarter of the 2023–2024 financial year, an 11.0% increase. This third quarter confirms the trend observed since the start of the financial year. Reflecting the macroeconomic context, all our main markets are experiencing weaker momentum than in the last two years. F I N A N C I A L R E L E A S E 2 / 3 Constant growth in France In France, the SII Group recorded revenue of €117.3m in the third quarter of the 2023-2024 financial year, showing organic growth close to that of the first half of the year. The Activity Rate Excluding Holidays (AREH) deteriorated again during the third quarter due to the time lag between recruitment and new projects. As a result, the quarterly operating margin for France has been impacted by this situation. Stronger international growth Internationally, the SII Group recorded rev