ESI Group: 2012/13 annual results

Strong Growth in revenue attests to an offer aligned to challenges of industry
Slowdown in growth on fourth quarter
Continuation of investments aligned with growth strategy
External growth objectives maintained

PARIS — (BUSINESS WIRE) — April 25, 2013 — Regulatory News:

Alain de Rouvray, ESI Group’s (Paris: ESI) Chairman and CEO, says: “With revenue totalling 109 million euros, spread over in more than 30 international subsidiaries, ESI Group has reached another milestone in its development. Nevertheless, the results published are below our expectations, impacted by an unexpected slowdown in growth at the end of our financial year and the continuation of M&A marketing and integration investments. The economic context leads to more cautious growth prospects and tighter control over operating costs. The Group’s fundamentals remain very solid, backed by good sales prospects. Moreover, within the framework of its development plan, the Group intends to continue pursuing its external growth strategy.”

Consolidated annual results
€ millions	2012/13 to 31/01/2013	2011/12 * to 31/01/2012	Ä (euros)
Licenses	77.5	68.8	+12.6%
Services	31.5	25.4	+24.1%
Total	109.0	94.2	+15.7%

Gross margin	74.3	66.0	+12.6%
% of sales	68.1%	70.0%

EBITDA**	8.8	10.5	-16.0%
% of sales	8.1%	11.1%

Current operating profit**	8.8	10.4	-15.4%
% of sales	8.1%	11.0%

Operating profit	8.0	9.8	-17.8%
% of sales	7.4%	10.4%

Financial profit	0.0	-1.6	ns

Pre-tax profit	8.1	8.2	-1.5%
% of sales	7.4%	8.7%

Tax	3.0	2.1	+43.8%
% of pre-tax profit	37.5%	25.7%
Attributable net profit	5.0	6.0	-17.1%
% of sales	4.6%	6.4%

The Company’s financial year runs to January 31
* including change of method IAS19 ** Excluding acquisition costs and excluding the amortisation of the intangible assets acquired

Strong growth in revenue and Services activity

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