The positive dynamics of the figures for the first half of fiscal year 2019/2020 of the SII group continues to strengthen. In the third quarter of this 2019/2020 period, the SII Group grew by 6.3% compared to the previous period. This translates to 173.56 million euros.
The firmness with which the results continue to grow shows the professionalism and technological experience of the SII Group and the trust that its stakeholders place in it. This has been reflected in the increase in income generated between the three quarters of this period: 499.46 million euros. This is 8.9% more than in the same period of the previous year (2018/2019).
* excluding the impact of acquisitions and exchange rate fluctuations (2018/2019 exchange rates applied to 2019/2020 revenues).
In France, revenue was 258.43 million euros, 4.3% more than the same period in the previous year. Only in the third quarter have reached 89.23 million euros. And although this quarter’s profit has fallen slightly due to various factors related to the business and socio-political environment (-or, 7% less), the favorable outlook for this fiscal year continues to hold.
Regarding the international scope, the SII Group has generated 241.03 million euros between the three quarters of this period, 14.2% more than the previous year. Of these, 84.32 million are from the latter (14.2% more). According to the president of the SII Group Eric Matteucci, it is due to the strategy of geographic diversification. This increase was mainly due to activity in Poland (+ 24.4%), Romania (+ 30.6%), Chile (+ 35.0%), Morocco (+ 19.7%) and Colombia (+14 , 7%).
Based on the results collected up to the third quarter, the figures to be achieved by the end of this fiscal year 2019/2020 have been defined: a total of between 685 and 695 million euros, which would represent a growth of 8.5 % to 10%. Given the prevailing growth trend, Matteucci is confident that the targets set for this year can be achieved.
