PRESS RELEASE Paris July 31, 2023
Turnover and results of 1is Semester 2023
UTI GROUP, Digital Services Company (ESN) dedicated to consulting and integrating new technologies within large companies, today publishes its consolidated financial statements as of June 30, 2023, which highlight the following comparative elements:
| A K€ | 1is semester 2023 | 1is semester 2022 |
| Turnover | 11 213 | 10 713 |
| current operating income | 321 | -60 |
| Current operating margin rate | 2,9% | -0,6% |
| Other non-current operating income or expenses | 0 | -226 |
| Operating income | 321 | -286 |
| Cost of financial debt | -81 | -56 |
| Profit before tax from ordinary activities | 242 | -339 |
| Income tax expense | -100 | 55 |
| Net income (group share) | 143 | -284 |
As of June 30, 2023, UTI GROUP achieved a turnover of €11.21 million compared to €10.71 million on 1is half of 2022, representing a 4.7% increase in activity.
This growth is mainly linked to the continued development of the activity of GROUPEMENT IT, a wholly-owned subsidiary of UTI GROUP, which achieves a turnover of €1.65 million in the first half of 2023, up 29% compared to the first half of 2022. Only two years after its launch, this new subsidiary already generates 15% of the Group’s revenue.
The subsidiaries located in the provinces also contributed to the good momentum of UTI GROUP with a growth in their turnover of 10.5% in the first half of 2023.
The growth of the Group’s activity is accompanied by a strong improvement in all of the Group’s profitability ratios. UTI GROUP thus recorded a current operating result of €321K as of June 30, 2023 compared to a current operating result of -€60K as of June 30, 2022. Its net result reached €143K at the end of the first half of 2023 against a loss of €284,000 during the first half of the previous financial year.
A stable financial structure
As of June 30, 2023, UTI GROUP recorded a short- and long-term rental debt of €1,866,000. It is down slightly over the half-year since it was €2,020 thousand at December 31, 2022.
The Group’s financial debts, excluding rent debts, amounted to €2,010K as of June 30, 2023 compared to €1,598K as of December 31, 2022. The cost of financial debt represents -€81K compared to -€56K as of June 30, 2022.
Finally, at the end of the first half of 2023, UTI GROUP’s equity is €4,093k compared to €3,948k at December 31, 2022.
Perspectives 2023
Despite global economic uncertainties, the Group has solid fundamentals enabling it to anticipate continued growth in 2023 and an improvement in its level of operating profitability.
Next communication:
Publication of third quarter 2023 revenue: November 15, 2023
A propos d’UTI Group …
Listed on Compartment C of EURONEXT Paris, UTI Group is an IT Services Company, specializing in the integration of new technologies at the heart of the information systems of large companies. It is also active in the publishing and distribution of software packages.
Code ISIN : FR0000074197
For more information, you can make a request to the registered office of the company, 68 rue de Villiers 92532 LEVALLOIS PERRET CEDEX or consult the website: www.uti-group.com.
In addition, the Universal Registration Document for the year 2022 was filed with the AMF on 04/28/2023 under number D.23-0391 and is available on the AMF website (www.amf-France.org) as well as on the UTI GROUP website (
Contacts
Christian AUMARD
Chairman and CEO
Such. : 01 41 49 05 10
Christian.aumard@uti-group.com
Samuel BEAUPAIN
Relations presse
Portable : 06 88 48 48 02
samuel@edifice-communication.com
2023-07-31 07:50:00
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