Revenue growing 13.4% organically to €555.7 million
Devoteam (Euronext Paris: DVT) reported revenue of €555.7 million for the year ended December 31st 2016, up 13.4% compared to 2015, excluding changes in currency and scope.
Operating margin was €47.0 million, representing 8.5% of the revenue, improving by 150 basis points compared to 2015.
Excluding the impact of disposals in Norway and in Switzerland (losses on disposals amounting to €1.7 million), the Group share of net income increased 32.4% over the year, to €21.5 million, and €2.77 of diluted earning per share.
Including the losses on disposals, the Group share of net income amounted to €19.8 million and the diluted earning per share was €2.54.
The success of the EAGLE plan launched in 2012 resulted in good results for the year 2016, which was characterised by the growth in our SMACS activities. It represented 38.7% of the revenue and grew 24.6% compared to 2015, excluding changes in scope, Be Team and Between. With this dynamism, the Group has built a solid basis to implement its strategic plan for 2020: Scale!.