In This Article:
First-quarter 2024 consolidated revenue: €154.3m (up 7.2%)
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Organic growth: 5.5% vs Q1 2023
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2023 dividend payment calendar
Paris-La Défense, 25 April 2024, 5.35 p.m. (CEST) – Assystem S.A. (ISIN: FR0000074148 - ASY), an international engineering group, today released its revenue figures for the three months ended 31 March 2024 (first-quarter 2024).
First-quarter 2024 consolidated revenue (unaudited)
and year-on-year changes vs. 2023
| In € millions | Q1 2023 | Q1 2024 | % change | % change (organic(2)) |
| Group(1) | 143.8 | 154.3 | +7.2% | +5.5% |
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| France | 94.8 | 97.6 | +2.9% | +4.3% |
| International | 49.0 | 56.7 | +15.6% | +7.7% |
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(1) Consolidation of L&T Infrastructure (based in India) and Keops Automation (based in France) since 1 January 2024, and deconsolidation of Assystem’s activities in the Pacific region since 1 December 2023 following their sale.
(2) On a constant scope of consolidation and currency basis.
In the first quarter of 2024, Assystem's consolidated revenue totalled €154.3 million, up 7.2% on the €143.8 million recorded for first-quarter 2023. Organic growth was 5.5%, changes in the scope of consolidation had a positive 1.6% impact, and the currency effect was a positive 0.1%.
Growth in first-quarter 2024 was led by sustained demand for Nuclear activities (72% of consolidated revenue for the period), with revenue up 9.8% year on year on an organic basis.
FRANCE (63% of consolidated revenue for the period)
Revenue in France amounted to €97.6 million, versus €94.8 million in the first quarter of 2023. This 2.9% year-on-year increase breaks down as 4.3% in organic growth and a negative 1.4% impact from changes in the scope of consolidation.
Revenue from Nuclear activities (accounting for 86% of total revenue in France in Q1 2024) rose 9.7% on an organic basis, driven by the initial effects of the start-up of studies relating to projects for new EPRs, as well as ongoing high volumes of business for the country's existing nuclear power plants.
INTERNATIONAL (37% of consolidated revenue for the period)
Revenue from International operations came to €56.7 million compared with €49.0 million in the first quarter of 2023. This 15.6% year-on-year increase includes 7.7% in organic growth, a positive 7.6% impact from changes in the scope of consolidation, and a positive 0.3% currency effect.
Revenue from international Nuclear activities (accounting for 48% of total International revenue in Q1 2024) rose by 10.0% on an organic basis. In the United Kingdom, revenue growth for Nuclear activities remained buoyant following the very strong acceleration seen in 2023. In India, the integration of L&T Infrastructure into STUP’s teams is advancing well, enabling the Group to address the Indian market through a combined services offering.