BWI: Steria: First Quarter 2010 Revenue Growth of +4.6% to €414.6 million

Press release from Business Wire India
Source: Steria
Wednesday, May 12, 2010 04:11 PM IST (10:41 AM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services, Business services, Financial Analyst, Information technology, Media & entertainment, Stock exchanges; Technology
--------------------------------------------------
Steria: First Quarter 2010 Revenue Growth of +4.6% to ?414.6 million


New Delhi, Delhi, India, Wednesday, May 12, 2010 -- (Business Wire India) -- . Consolidated revenue for the first quarter 2010 rose by 4.6% compared to the first quarter 2009. On a like for like basis, Group revenue rose by 2.9%.
. All of the Group's geographic areas achieved positive organic growth in the first quarter 2010.
. The pipeline in the different areas also increased as a proportion of revenue, confirming the initial signs of an improving environment as compared to 2009.

For the first quarter 2010, the Group's consolidated revenue amounted to ?414.6 million, an increase of 4.6% compared to the first quarter 2009. Currency variation, particularly in sterling, contributed +?6.3 million to revenue growth. On a like for like basis, Group revenue rose by 2.9% relative to the first quarter 2009.

The banking sector, which showed signs of improvement, the public sector and the energy sector contributed positively to growth in the first quarter 2010, while the telecommunications sector remained difficult.

The pipeline, measured as a proportion of forecast annual revenue, rose in all of the Group's geographic areas relative to the first quarter 2009. As of 31 March 2010, the Group's pipeline stood at 2.5 times forecast annual revenue, compared to 2.1 times as of 31 March 2009.

In France, the improving trend seen in the final quarter of 2009 was confirmed in the first quarter 2010 with organic revenue growth of 2.6% relative to the first quarter 2009. The progressive strengthening of the activity throughout the quarter, the encouraging pipeline trend and an intercontract rate that was kept low confirm that the business in France has returned to a positive trend.

In the United Kingdom, revenue rose by 1.7% at constant currency. In a challenging economic and political environment, the Group expects, given its solid position with long-term contracts notably in the public sector, revenue for the full-year 2010 to be stable compared to 2009 at constant currency, after a slight dip in the first half-year.

In Germany, organic revenue growth was a strong +4.8%. This good performance, achieved in a market that has not yet recovered its dynamism, highlights the quality of the Group's positioning and offer.

Other Europe showed a strong trend with 5.0% organic growth in revenue. In Scandinavia growth was again very strong with 14.2% organic growth and in Spain the rate of revenue decline slowed significantly.

Forthcoming events / publications: Shareholders General Meeting: 28 May 2010 at 2:00 p.m.; 2010 half-yearly revenue and results: Thursday 29 July 2010 after market close.

Steria is listed on Euronext Paris, Eurolist (Section B)
ISIN Code: FR0000072910, Bloomberg Code: RIA FP, Reuters Code: TERI.PA
CAC MID&SMALL 190, CAC MID 100, CAC Soft&CS, CAC Technology
General Indices: SBF 120, SBF 250, SBF 80, IT CAC, NEXT 150
For further information, see the website: http://www.steria.com

To View the press release with the tables, please click on the link given below:

Steria Press Release with tables
For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/Steria.doc
Steria.doc


CONTACT DETAILS
Isabelle Grange, Press relations, Steria, +33 1 34 88 64 44 / + 33 6 15 15 27 92, Isabelle.grange@steria.com
Olivier Psaume, Investor relations, Steria, +33 1 34 88 55 60 / +33 6 17 64 29 39, olivier.psaume@steria.com

KEYWORDS
CONSUMER, ECONOMY, BANKING, BUSINESS SERVICES, Financial Analyst, IT, MEDIA, STOCK EXCHANGES, TECHNOLOGY

If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.

Submit your press release at http://www.businesswireindia.com