Staff&Line achieves its strong growth targets mid-2006:
- Q2 2006 revenues up 58% on Q2 2005, at over €2.3 million
- Successful integration of Sight Group (Spain, Portugal, Italy)
Noisy-le-Grand, 20 July 2006 – IT management specialist, Staff&Line, has announced Q2 2006 revenues of €2349K (1st April to 30 June 2006), up by 58% on Q2 2005. This figure takes into account as of 1st January 2006 the three companies acquired in Southern Europe (Spain, Portugal, Italy). Organic growth rose by 14.8% as against the second quarter 2005 on a constant consolidation basis for France.
First-half revenues 2006 stood at €4376K, up by 58% on the same period in 2005. Organic growth rose by 13.3% with respect to the first half of 2005 on a constant consolidation basis for France. Staff&Line’s organic growth thus represents a quarter of its rise in sales.
Staff&Line forecasts a 50%-plus rise in its full-year revenues for FY 2006.
Increased growth momentum between Q1 and Q2 2006
Staff&Line generated revenues of €2027K in Q1 of this year. Sales between the Q1 and Q2 rose by 16%.
EasyVista: a definite commercial success
The share of sales from EasyVista, Staff&Line’s new full-web IT management solution is increasing in leaps and bounds. EasyVista sales generated 90% of licence revenues for the first half of 2006, as against 65% for the full-year 2005. As the only 3rd-generation product of its kind on the market, EasyVista’s technological and functional prowess is paving the way for Staff&Line to win new projects and migrate its Actima installed base (previous-generation product). Over 50 new business contracts were signed in H1 2006.
European strategy: Sight Group integrated in 5 months
Staff&Line is pursuing its goal of rapidly becoming the European IT Management market leader. By acquiring the Sight Group operating in Italy, Spain and Portugal, at the end of January 2006, Staff&Line has gained access to Southern European markets offering significant potential.
The Sight Group integration plan ended in June 2006. This five-month-long operation included the creation of business units by type of activity, recruitment in the sales and consulting teams, sales product and tool localization, training of teams in the Staff&Line offer (EasyVista), company name changes, the implementation of homogenous reporting procedures, and a sales and marketing launch. Several hundred users of Sight software (Gestpark and Gestmat) were offered the possibility of migrating to EasyVista. Several tens of sales presentations have already taken place and a business reserve has already been created. The first sales from EasyVista should materialize in the third quarter of 2006.
As announced during the presentation of the 2005 financial results, Staff&Line is also looking to extend is scope in Europe and is currently studying potential acquisitions in the UK and Germany. Staff&Line boasts significant liquid assets for such an operation, with €5.6 million in cash at 31 December 2005.
About Staff&Line:
Since its creation in 1988, Staff&Line has positioned itself as the specialist on the IT management market. It is developing a range of EasyVista applications for organizations of all sizes and covering the entire lifecycle of IT assets including: incident and problem management, change management, configuration management, asset inventory and a user portal. EasyVista is certified as being ITIL-compatible by PinkElephant, an independent certification organization. With sites in France, Italy, Spain, Portugal and the United States, Staff&Line boasts over 3000 customers in the banking, insurance, industry, services, public authority, IT outsourcing and advisory services sectors. Staff&Line is a founding member of itSMF France, and a member of the AFDEL (French Association of Software Publishers), of which Chief Executive Officer, Jamal Labed, is the spokesman. Staff&Line is listed on the Paris Stock Exchange (Alternext). Log on to www.staffandline.fr for further details.
Your contacts
Jamal Labed
Tel.: +33 (0)1 55 85 91 08
Marie-Hélène Rivière
Tel.: +33 (0)1 42 26 30 72
mh.riviere@investor-relations.fr
Codes
ISIN: FR 0010246322
Listed on Alternext since 20 October 2005 and on a continuous basis since 12 April 2006.
Mnemo: ALSTA
