The income of the SII Group has increased by 10.2% in the first half of the 2019-2020 fiscal year, which is equivalent to a turnover of 325.9 million euros. Good news for the company that, with these figures, sees its best forecasts confirmed.
Once again, the SII Group has published revenue figures for the first half of fiscal year 2019-2020, a period in which it has continued its growth dynamics both globally and in most of its subsidiaries. Specifically, the income of the SII Group has increased by 10.2%, reaching 325.9 million euros in the second quarter of the fiscal year.
On this occasion, the Chairman of the Group’s Board of Directors, Eric Matteucci, has shown his satisfaction with the growth dynamics of the first two quarters of the fiscal year and, in addition, has indicated that “this growth has been led by all lines of business and also by the commitment of the teams ”. These results are in line with the billing objective, which is expected to be between 675 and 700 million euros (+7% – 11%).
Solid growth in France and other countries
Between July and September, the activity increased by 10.3% compared to the second quarter of the same period last year, with revenues of 83.7 million euros in France (+ 7.3%) and 79.6 million of euros in international operations (+ 13.7%).
In the specific case of France, the SII Group has registered semiannual revenues of 169.2 million euros, 7.1% more than the first six months of the previous year. In addition, the growth dynamics during these six months of the year were led by all sectors of the Group, with a strong contribution from the main markets: aeronautics, space defense, bank insurance and telecommunications media.
International operations, on the other hand, have contributed 156.7 million euros to the income of this semester, a fact that represents a double-digit growth, specifically 13.8%.
Outlook for fiscal 2019-2020
With these results, the SII Group expects to continue its development and also expects an organic growth of between 7 and 11% in fiscal year 2019-2020, which would generate revenues of between 675 and 700 million euros.