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ASSYSTEM : First-quarter 2016 consolidated revenue, Total organic growth: 5.6%

ID: 1431359
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(Thomson Reuters ONE) -


First-quarter 2016 consolidated revenue
* Total organic growth: 5.6%
* Organic growth for Automotive: 29.7%

Paris, 28 April 2016, 5.35 p.m. CET - Assystem S.A. (ISIN code: FR0000074148 -
ASY), a leading player in engineering, today released its consolidated revenue
figures for the three months ended 31 March 2016 (first-quarter 2016).
First-quarter 2016 consolidated revenue
and year-on-year changes (unaudited)

In millions of euros Q1 2015 Q1 2016 Total year-on-year Organic year-on-
change year change*
--------------------------------------------------------------------------------
Group 222.3 235.8 +6.1% +5.6%
--------------------------------------------------------------------------------


Global Product Solutions 127.8 142.0 +11.1% +10.3%

Energy & Infrastructure 76.9 76.8 -0.1% -0.2%

Staffing 15.5 14.6 -5.7% -5.7%

Other 2.1 2.4 - -


--------------------------------------------------------------------------------
* Based on a comparable Group structure and constant exchange rates.
Consolidated revenue advanced 6.1% in the first quarter of 2016 (with organic
growth of 5.6%), confirming the upward trend observed during the second half of
2015. Changes in scope of consolidation had a 0.8% positive impact during the
period while the currency effect was a negative 0.3%.
GLOBAL PRODUCT SOLUTIONS
Revenue generated by Global Product Solutions in the first quarter of 2016
climbed 11.1% to ?142.0 million and accounted for 60.2% of total consolidated
revenue for the period. The year-on-year growth figure breaks down as 10.3% in


organic growth, a 1.2% increase due to changes in scope of consolidation
(resulting from the acquisition of Plast Concept in the fourth quarter of
2015), and a 0.4% negative currency effect.

Revenue from Aerospace activities came to ?83.4 million, up by a strong 4.2%
(4.9% on an organic basis). This performance was driven by growth posted by
activities dedicated to manufacturing processes.

Automotive activities reported a 34.2% jump in revenue (29.7% on an organic
basis) to ?46.9 million, reflecting the fact that our well-adjusted offerings
have enabled us to capitalise on the current buoyant context for the automotive
engineering market.

ENERGY & INFRASTRUCTURE
Revenue for the Energy & Infrastructure business held firm in the first three
months of 2016, coming in at ?76.8 million and contributing 32.6% of the
consolidated total.

Revenue posted by Nuclear activities amounted to ?45.5 million, up 1.3% at
constant exchange rates. However, excluding the effect of the contraction in
revenue generated with the Areva group (an effect which is expected to diminish
over the course of 2016), the growth figure was 6.7%. This reflects the momentum
seen for operations carried out at the installed base of civil nuclear reactors.
Other Energy & Infrastructure activities reported ?31.3 million in revenue, down
2.2% year on year at constant exchange rates. These activities were particularly
affected during the period by the impact on Radicon''s revenue of the difficult
operating context in Saudi Arabia.

STAFFING
At ?14.6 million (representing 6.2% of the consolidated total), revenue for the
Staffing business in first-quarter 2016 was 5.7% lower than in the comparable
prior-year period. However, it was stable compared with the last two quarters of
2015 as the positive effects currently being felt in this business thanks to
measures taken to diversify the customer base and geographic reach have now
offset the impact of unfavourable market conditions in the oil & gas sector.

HEADCOUNT
The Assystem Group had 11,776 employees at 31 March 2016, representing a net
increase of 223 people compared with 31 December 2015.


2016 FINANCIAL CALENDAR

* 24 May: Annual General Meeting.
* 28 July: Press release for first-half 2016 revenue.
* 13 September: Press release for first-half 2016 results.

Assystem is an international group specialised in engineering. As a key
participant in the industry for 50 years, Assystem supports its clients in
developing their products and managing their capital expenditure throughout the
product life cycle. Assystem employs some 11,800 people worldwide and generated
?908 million in revenue in 2015. Assystem S.A. is listed on Euronext Paris.

For more information please visit www.assystem.com
Follow Assystem on Twitter: (at)Assystem

CONTACTS
Philippe Chevallier Agnès Villeret
Deputy Chief Executive Officer & Chief KOMODO - agnes.villeret(at)agence-komodo.com
Financial Officer Tel.: +33 (0)6 83 28 04 15
Tel.: +33 (0)1 55 65 03 10





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Source: ASSYSTEM via GlobeNewswire
[HUG#2008033]






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Date: 04/28/2016 - 17:35
Language: English
News-ID 1431359
Character count: 2793
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