GROUPE STERIA : Nine month 2007 revenue

¤ 956.2 million
Global growth: +5.6%
  • In the first nine months of 2007, revenue growth was 5.4% on a like-for-like basis.
  • During the third quarter 2007, revenue growth was 3.3% on a like-for-like basis. This should be seen in the context of a high comparison base in the UK (Q3 2006 growth: +28.7%) and the rapid progress of the business transformation plan in France. In France, revenue growth from own resources was 12.4% on Q3 2007, as low value added sub-contracted business was sharply reduced.
  • The Xansa integration process is in line with our forecast, that enables the Group to define as an objective an operating margin rate1 for 2008 above 8%.

 Year to date September 2007 consolidated revenue

(In ¤ million)
YTD Sept.
YTD Sept.
Revenue 905.6 956.2 5.6%
Change in structure -
Currency impact +1.6
Pro forma revenue 907.2 956.2 5.4%

Year to date September 2007 consolidated revenue by geographic zone

(In ¤ million)
YTD Sept.
YTD Sept.
Organic growth
France 384.4 395.7 3.0%
UK 220.5 230.7 4.6%
Germany 143.0 163.9 14.6%
Other Europe 159.2 165.8 4.1%
Total 907.2 956.2 5.4%

Year to date September 2007 consolidated revenue by activity

(In ¤ million)
YTD Sept.
YTD Sept.
Organic growth
Outsourcing 396.8 410.7 3.5%
Consulting and Systems Integration 510.3 545.5 6.9%

* Revenue at constant structure and exchange rates

Activity during the third quarter of 2007

Third-quarter 2007 revenue by geographic zone

(In ¤ million)
Third quarter 2006* Third quarter 2007 Organic growth
France 123.1 125.4 1.8%
UK 78.0 73.7 -5.6%
Germany 50.2 57.7 14.8%
Other Europe 47.2 51.6 9.5%
Total 298.6 308.3 3.3%

* Revenue at constant structure and exchange rates

In France, growth in the third quarter reflected, as in the preceding quarter, increased commercial selectivity. Revenue from sub-contracted contracts was notably reduced, by more than 40% at September 30, 2007, compared to the previous year, particularly in on-site outsourcing. The objective of this transformation plan is to increase the value added activities and their potential profitability. Growth in revenue from activities on own resources was 12.4% in Q3 2007.

In the United Kingdom, the trend in Q3 revenue was essentially due to a highly unfavourable base effect as activity had risen by 28.7% in Q3 2006. The group expects that Q4 2007 will show growth in the UK.

Germany confirmed the robustness of its growth model with a particularly solid increase in revenue.

In the Other Europe, Q3 growth was driven particularly by Belgium, Norway and Denmark.

At September 30, 2007, the ratio of new orders to revenue was 1.05 and the pipeline grew by 6.6% compared to September 30, 2006.

At the same date the instantaneous intercontract rate2 was low at 2.2% and the headcount was 10,796.


Steria will extend its transformation efforts in France into Q4 2007. For the full-year 2007, organic growth in France should be slightly positive, Group organic growth should be approximately 4% and Group operating margin, before the consolidation of Xansa, should increase over the year at a rate close to that of the revenue.

Information on the integration of Xansa

The acquisition of Xansa was completed on the 17th of October 2007, in line with the calendar announced on the 30th of July 2007.

The integration project has been launched and is in line with our forecast. The new management structure in the United Kingdom is in place since the 17th of October and two former Xansa senior executive directors have been nominated as new Group Executive Committee members in order to take into account the new offshore and BPO dimensions brought by Xansa : Mukesh Aghi as Indian CEO and David Leigh as Group BPO Director.

In this context and taking into account the costs synergies announced on the 30th of July, the Group defines as an objective an operating margin rate for 2008 among the highest in the European sector, above 8%.

1 Before amortisation of intangible assets identified in the business combination
2 Rate as of date shown

Steria is listed on Euronext Paris, Eurolist (Compartment B)
ISIN: FR0000072910, Bloomberg Code: RIA FP, Reuters Code: TERI.PA
CAC MID&SMALL 190, CAC MID 100, CAC Soft&CS, CAC Technology
SBF 120 general index, SBF 250, SBF 80, IT CAC, NEXT 150

For further information, please visit our website:

Press Relations:
Isabelle Grange
Tel: +33 (0)1 34 88 64 44/+33 (0)6 15 15 27 92

Investor Relations:
Olivier Psaume
Tel: +33 (0)1 34 88 55 60/+33 (0)6 17 64 29 39

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