Business & Decision, an international consulting and systems integration group, announces, for the 2018 fiscal year, total consolidated revenue of € 218.4 million and a net loss of € 6.2 million, group share.
Total revenue amounted to € 218,4 million for the 2018 financial year, growing 3.0% over the 2017 financial year at constant exchange rates (1).
(1) constant exchange rates: 2018 average annual rates applied to 2017 with impact of € 0.9 million.
French operations reached 145.4 million for 2018, growing 3.0% over last year, at comparable scope and structure.
International operations represent total revenue of € 73.0 million growing 6.8%. With constant exchange rates, revenue growth is 8.4 % over year, led by Benelux area.
Current operating income
Net income (group share)
(2) Accounts have been approved by the Board of Directors on 15 February 2019. Audit of accounts procedures is completed and auditors’ reports are being issued.
Béatrice Felder, Chief Executive Officer of Business & Decision, declares: “The year was marked by the acquisition of Business & Decision by the Orange Group in June 2018. We have initialed an ambitious program to pursue the development of the company while putting in place an action plan to reach performance and to prepare for the future. The growth in revenue is in the market average; the results were impacted by exceptional items.”
Current operating income amounted to € 1.6 million compared to € 2.4 million for 2017. It includes, for 2018, the impact of additional external expenses for Mi-Case, Arizona, USA project.
Operating income amounted to € -1.5 million, after impact of exceptional expenses of € 3.1 million including Goodwill depreciation in the USA and Tunisia, as well as restructuring costs.
Net income, group share, amounted to € -6.2 million, including a financial result of € -1.5 million and tax expenses of € 3.2 million.
Total balance sheet is € 156.8 million at the end of 2018. The net financial debt amounted to € 28.5 million compared to € 30.5 million for the previous year. The Groupe proceeded to the repayment of two major loans and Micado bonds, financed by a current account of Orange SA.
2019 should be the year of continuation for a return-to-performance action plan for Business & Decision in all its host countries.
20 May 2019: Shareholders’ General Meeting
24 July 2019: 2019 first half revenue & results, after market close
About Business & Decision
Business & Decision, an international Consulting and Systems Integration company, is a leader in Business Intelligence (BI) and CRM, and a major player in e-Business. We leverage a unique combination of technical, functional and industry specialization, as well as partnerships with all of the key software vendors, to deliver maximum-value projects and help clients break through barriers to innovation such as Big Data and digital transformation. Business & Decision operates in 11 countries and employs over 2,400 employees in France and worldwide. Business & Decision is a subsidiary of Orange Group.