Assystem - 2015 Registration Document

3

MANAGEMENT REPORT

GROUP RESULTS

3.2 GROUP RESULTS

The presentation of the Group’s revenue and results was modified as follows for the year 2015, and the 2014 data was adjusted to allow comparability: ● Presentation of revenue and results in three Cash Generating Units (CGU) as defined by the IFRS: ● Energy & Infrastructure (complex infrastructure engineering activities); ● Staffing (activities making available consultants specialised in Oil & Gas and Industry around the world). ● Global Product Solutions (outsourced R&D activities);

The management expenses that can be directly attached to these three CGUs are allocated to them. The revenue and the operating profit from certain activities not included in these CGUs, as well as the Group’s central costs, are now classified under the heading “Holding company and Miscellaneous”. ● Change in the aggregate Earnings Before Interest and Taxes (EBIT). It now includes the Share of profit (loss) from partner companies (Engage, N3A et Alphatest).

3.2.1

KEY FIGURES

2015

2014

In millions of euros

Main income statement items Revenue

907.7

866.6

57.8 6.4% 39.5 27.9 27.2

52.1 6.0% 36.2 21.9 21.8

Earnings Before Interest and Taxes (EBIT) (1)

As a % of revenue Operating results

Consolidated profit for the period (2)

Profit for the period attributable to owners of the parent

Main cash flow items Free cash flow (3) As a % of revenue Main balance sheet items Net cash position (4) Data per share (€) Undiluted net profit per share Diluted net profit per share (5)

44.8 4.9%

31.7 3.7%

198.8

221.9

0.93 0.93 0.80

0.89 0.89 0.75

Dividend (6) (in euros)

(1) Earnings Before Interest and Taxes (EBIT) including the share of profit (loss) of the associated businesses (€0.3 million in 2014 and €0.5 million in 2015). (2) Of which the share attributable to the non-controlling interests: €0.1 million in 2014 and €0.7 million in 2015, i.e. profit attributable to owners of the parent of €21.8 million in 2014 and €27.2 million in 2015. (3) Net cash generated from operating activities diminished by operating investments, net of disposals. (4) Cash and cash equivalents net of financial debts and adjusted for the fair value of hedging derivatives. (5) In 2015 and 2014, the diluted earnings per share as calculated are not representative. They would be greater than the basic earnings per share. In compliance with IAS 33, diluted earnings per share are considered as equal to basic earnings per share, i.e. €0.93. and €0.89 respectively. (6) For the year 2015, as it will be proposed to the General Shareholders’ Meeting which will take place on 24 May 2016.

38

ASSYSTEM

FINANCIAL REPORT 2015