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Dive into UTI's latest IT intelligence, covering key figures, financial review, strategy, and outlook for the second half of 2002. Learn about turnover, skills, client accounts, main events, market analysis, strategies, and short-term perspectives.
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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