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All the power of the newest IT intelligence. HALF YEAR REPORT 1 ST October 2002. Table of contents _________________________________. I. Key figures & main events II. Interim financial review III. Strategy IV. Outlook. I. KEY FIGURES & MAIN EVENTS.
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All the power of the newest IT intelligence HALF YEAR REPORT 1ST October 2002 1
Table of contents_________________________________ I. Key figures & main events II. Interim financial review III. Strategy IV. Outlook 2
Past periods’ activity ___________________________________ Turnover in millions of euros 4
Fragmentation of turnover ___________________________________ Areas of intervention 5
Fragmentation according to skills ___________________________________ Skills 6
Zoom on our client book Our N° 1 client accounts for 8,2% of group’s turn over Quality references rank in our Top 10 7
Main events • Activity slowdown • High inter-contract rate • Pressure on prices • Stronghold on our positions • Increase in client orders • Development of our presence on client projects 9
Consolidated statements of income_______________________________ * Buy-back & disposal of 30 000 Convert. Bonds 11
The Current Market _________________________________ • A context of economic depression • IT Firms : • The world market of IT firms : • Weathering the storm in 2001/2002, • Regain expected for 2003 (597M $USD) • (source : Gartner Dataquest) • In France : The Syntec estimates a decrease • The leading firms reduce their investments and expenditure • «The 1st Half of 2002 has confirmed the harsh handover of the 2nd Half 2001. Recovery is not expected to turn-up» • François Dufaux, Chairman of Syntec Informatique 13
UTI’s advantages • Strategy • Upholding and gaining major client contracts • Ability to abound in main clients • Development at the heart of client skill requests • Vitality • Management • Prompt decision making • Recent Evolution • Maintaining number of staff during crisis periods • Cut-down on structural costs 14
IV. OUTLOOK 15
Short term Perspectives • Return to profitability • 2002 2nd Half Year period’s aims Turn over : 22,5 M€ Profitability (EBE) : 6% 16