GROUPE STERIA : Revenue for the 2009 financial year: 1,630 million euros. Organic growth of +0.9% in fourth quarter 2009 revenue

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Revenue for the 2009 financial year1: ¤1,630 million

Organic growth of +0.9% in fourth quarter 2009 revenue

As expected, fourth quarter revenue recovered relative to the third quarter, with organic growth of +0.9%. Consolidated revenue for the financial year 2009 amounted to ¤1,630 million, a like-for-like decline of -3.1% on 2008, slightly better than the -3.5% indicated on November 12, 2009. The operating margin2 for the financial year 2009 should exceed the previous guidance.

2009 consolidated revenue

In ¤ million 12 months
2008
12 months
2009
Growth
Revenue 1765.7 1630.0 -7.7%
Currency variation -83.8    
Change in consolidation scope -    
Pro-forma revenue 1681.9 1630.0 -3.1%


2009 revenue by geographic area

In ¤ million 12 months
2008*
12 months
2009
Organic
growth
France 535.9 507.3 -5.3%
United Kingdom 662.4 638.7 -3.6%
Germany 241.6 236.1 -2.3%
Other Europe 242.0 247.9 2.5%
Total 1681.9 1630.0 -3.1%

* Like-for-like revenue (base 2009)


2009 revenue by business line

In ¤ million 12 months
2008**
12 months
2009
Organic
growth
Managed Services and Business Process Outsourcing 618.8 586.6 -5.2%
Consulting and Systems Integration 1063.1 1043.4 -1.9%

** Like-for-like revenue, restated for contracts recodification (base 2009)

1 Audit of the annual financial statements in progress.
2 Before amortization of intangible assets arising from business combinations. The operating margin is the Group's key indicator. It is defined as the difference between revenue and operating costs, the latter being equal to the total cost of services rendered (costs necessary for the implementation of projects), sales costs and general and administrative costs.

Activity in the fourth quarter 2009

Revenue in the fourth quarter 2009 by geographic area

In ¤ million Q4 2008* Q4 2009 Organic
growth
France 144.9 140.4 -3.1%
United Kingdom 168.4 176.7 4.9%
Germany 61.8 62.5 1.1%
Other Europe 72.5 72.0 -0.7%
Total 447.6 451.6 0.9%

* Like-for-like revenue (base 2009)

For the fourth quarter 2009, in a market which remained uncertain, the Group posted an improved revenue performance with organic growth of +0.9% relative to the fourth quarter 2008. Effective intercontract management was reflected in an average intercontract rate for the fourth quarter 2009 below that of the same period in the previous year. At December 31, 2009, the annual book to bill ratio stood at 1.03.

In the United Kingdom, the Group benefited from the postponement in the start-up of a number of contracts from the third to the fourth quarter. Revenue growth thus recovered strongly to +4.9% (excluding currency effect). In an environment which remains challenging, the pipeline to revenue and the book to bill ratios remained solid at end December 2009 and similar to those of the previous year.

In France, the first encouraging results of the measures in place for the past year were confirmed. Firstly, the revenue trend in the fourth quarter of 2009 (-3.1%), which was better than the two previous quarters, continued to improve in the fourth quarter of the year and was slightly positive in December. Secondly, the intercontract rate was maintained below the level of the same period in the previous year. Lastly, commercial activity saw an improvement and the year closed with positive momentum both in terms of new orders and pipeline, which is encouraging for 2010.

In Germany, the fourth quarter growth rate of +1.1% confirmed the improvement already witnessed during the third quarter 2009 compared to the first half. This excellent performance needs to be seen within the context of a marked decline in the consultancy market and reflects the quality of the Group's positioning and its development model in Germany.

In Other Europe, growth remained dynamic in Scandinavia (+6.9% at constant exchange rates) while the environment in Spain remained difficult. For the full year 2009, the zone, comprising 7 countries, posted an organic growth of +2.5%.

The full year results for 2009 will be announced on March 15, 2010 after the market close and discussed at a SFAF meeting on March 16, 2010.

Steria is listed on Euronext Paris, Eurolist (Section B)
ISIN Code: FR0000072910, Bloomberg Code: RIA FP, Reuters Code: TERI.PA

Indices: CAC MID&SMALL 190, CAC MID 100, CAC Soft&CS, CAC Technology
General Indices: SBF 120, SBF 250, SBF 80, IT CAC, NEXT 150

For further information, see the website: http://www.steria.com

Press relations:
Isabelle Grange
Tel : +33 (0)1 34 88 64 44/+33 (0)6 15 15 27 92
Isabelle.grange@steria.com
Investor relations:
Olivier Psaume
Tel : +33 (0)1 34 88 55 60/+33 (0)6 17 64 29 39
olivier.psaume@steria.com
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