2011: Another year of very strong growth, both in quantity and in positioning
Keyrus recorded consolidated revenues of €138.0m for the 2011 fiscal year, an increase of 15.3% on 2010 (+13,7% on a like-for-like basis).
This strong growth is driven by the Large Accounts activities that are outperforming the market with 17.5% organic growth in 2011, following a comparable performance in 2010 (+17.3% compared to
2009). It is also nourished by the return to growth of Mid-Market activities (+8%), in conformity with the strategy announced at the end of 2010.
In this context of strong growth and investment, and as anticipated, the operating performance remains approximately equivalent to that of 2010 in both market segments (Large Accounts and Middle Market):
- The Current Operating Income (ROC) fell by 6.5% to reach €4.3m for the year.
- After taken non-recurring items into account, Earnings Before Interest and Taxes (EBIT=ROP) for the fiscal year reached €4.5m compared to €4.2m for the 2010 fiscal year, a rise of 8.5%.
- The Net Profit Group Share rose to €3.0m, an increase of 11.9% compared to the 2010 fiscal year.
- The net debt was markedly higher on December 31, 2011 at €7.2m compared to €0.8m on December 31, 2010, mainly because of the increase in Working Capital Requirements.
Despite this, liquid assets remain stable at €15.0m on December 31, 2011, compared to €14.9m on December 31, 2010, and the financial structure remains solid.
After continuing to increase their market share in 2011, Keyrus will profit in 2012 from their unique positioning to take advantage of the strong market dynamics in the field of Enterprise Information Management that has become more than ever a key factor in its clients’ success.
With the skills deployed over the last few years – expertise in major businesses and functions, expertise in the digital field, expertise in BI technologies and information management organization - the Group is able to take on these subjects with all the required aptitude.
"Keyrus has followed exactly the path forecast in 2011, with its strongly growing activity and at the same time continuing to broaden its expertise in order to deal with extremely complex problems of data and information management on the technological, business and organizational levels.
Our positioning as specialists in a market that is more dynamic than many others and our international presence should allow us to get through more difficult circumstances while still protecting our financial situation."
Founder & CEO