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E
Financial
E.1
Operational review
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Ministry of Defense. A stronger activity was performed in
for less projects in the Energy sector.
Telecom, Media & Utilities with several customers compensating
Big Data & Cybersecurity continued its solid performance thanks
increasing demand from the Ministry of Defense, the CEA
to a sustained activity in the Public & Health Market, with an
and the Ministry of Interior.
(Commission for Atomic Energy and Alternative Energies), EDF,
increase in the utilization rate of staff thanks to a more efficient
thanks to the positive revenue growth combined with an
reassign staff between two customer contracts. Finally, Big Data
workforce management which reduced the average time to
added value of products sold and services rendered by the
& Cybersecurity performance was also up thanks to a higher
coming from cross-selling.
Division to its existing customers but also to its new clients
Data Management, driven by strong cost savings actions.
improved in all Divisions, more particularly in Infrastructure &
Operating margin in Business & Platform Solutions increased
of revenue, improving by +120 basis points. Profitability
Operating margin
reached € 125.4 million, representing 7.3%
Benelux & The Nordics
E.1.4.5
(In € million)
2016
2015*
%organic
Revenue
986
1,064
-7.3%
Operating margin
71.5
98.4
Operating margin rate
7.3%
9.2%
At constant scope and exchange rates.
*
dynamic and to return to a profitable growth.
At € 986 million,
revenue
was down -7.3% organically. Over
management team with the objective to impulse a new sales
the summer, the Group decided to appoint a new executive
Health, the Division faced with some contract termination in the
the ramp-up of a new large contract with Philips. In Public &
Postnord contract in Denmark. The situation was also
Netherlands and was impacted by the ramp-down of the
challenging with some Telco operators.
due to Financial Services, affected by contract ramp downs
In Infrastructure & Data Management, revenue was down mainly
Manufacturing, Retail & Transportation market benefitted from
and/or lower volumes with several existing customers. The
Public & Health impacted by less projects.
Technology Services - which represents almost half of the
Business & Platform Solutions revenue decreased, in spite of
dynamics. Still, the Division managed to slightly improve the
Division - recording a positive growth thanks to a solid sales
markets, the situation remained challenging more particularly in
situation thanks to new contracts signed in Telco. In the other
from a strong cost savings program in Infrastructure & Data
Business Unit also achieved a higher utilization rate in Business
Management where the cost base was significantly reduced. The
Technology Services, and also actions on the cost base.
& Platform Solutions coming from the shift of resources to
Operating margin
reached € 71.5 million, representing 7.3% of
margin erosion in a context of a revenue decrease. This resulted
revenue. Benelux & The Nordics managed to partially contain the