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24.6% growth in revenue at constant exchange rates for the first 9 months

24.6% growth in revenue at constant exchange rates for the first 9 months
 

Paris, France, October 29th, 2008: Business & Decision, the international Consulting and Systems Integration (CSI) Company specialising in Business Intelligence, Customer Relationship Management (CRM) and e-Business, announces consolidated revenue of €174.7 million for the first nine months of FY 2008. This represents 24.6% growth at constant exchange rates over the comparative period for 2007.

€millions

2008

2007

Growth % at constant currencies

Revenue - 9 months

174.7

145.1

+24.6%

France

91.1

78.2

+16.5%

International

83.6

66.9

+34.8%

 "Despite a difficult international economic environment Business & Decision met its targets with the Group achieving a double-digit growth in revenue. We are fully aware of the current global economic and financial uncertainties. Consequently, we have taken numerous organisational and budget measures which should allow us to meet any challenges that arise", comments Patrick Bensabat, CEO of Business & Decision.

Revenue by geographical area

Business & Decision maintains a strong dynamic growth in France thanks to its position as industry leader in target sectors. It recorded an overall growth in revenue of 16.5% for the nine-month period of which 14.96% was organic growth.

Offices outside of France recorded overall revenue growth of 34.8%, which represented 47.9% of the Group activity for the nine-month period. Organic growth in revenue was 6.9% for this period.

2008 outlook

Despite a difficult and uncertain economic and financial environment, Business & Decision confirms its full year forecast, based on the current sales pipeline and expenditure budgets.

The Group is forecasting a growth in annual revenue for 2008 of between 20% and 25%, at constant exchange rates, a figure well ahead of French and International sector averages.

ENDS