During the first semester of fiscal year 2018 – 2019, the SII Group recorded revenues of 295.65 million euros, which represents an increase of 14.1 percent over the same period of the previous year.
As the forecasts at the beginning of the period pointed out, the SII Group has continued its growth dynamics both globally and in most of its subsidiaries, with an operating income of 19.7%, reaching 20.35 million euros during this period , attributable in part to a notable improvement in revenues from international operations.
This growth has been reflected in an increase in revenues, as well as in hiring, with the addition of 606 new FUNgenieurs during this period, thus increasing the workforce by 7.5% compared to the first half of 2017 – 2018.
Regarding France as the Group’s subsidiary, revenues for the first six months of the year increased by 9.1 percent to 157.98 million euros. On the other hand, revenues from international operations soared to 20.3 percent, reaching a figure of 137.67 million euros. This means an increase of 44% to 47% in what international business represents in the Group’s total turnover.
Particularly noteworthy are the subsidiaries in Poland (where sales increased by 36% during the period), Spain and Germany (with an increase of 7% in their turnover) and Chile, which continues its growth registering a 6% increase with respect to the Same period of the previous year.
In the sectoral section, the aerospace and defense industry continues to be the sector that contributes the most volume of business to the Group, with 22.3% of the total, while the banking and insurance sector, with an increase of 28% compared to the previous period, now represents 20.3% of the total turnover of the Group during this first semester of fiscal year 2018 – 2019.
Eric Matteucci, President of Grupo SII, comments in this video the results of the first semester 2018/2019 and the perspectives of the company with a view to the future: