2017 Annual Results
Angers, 19 March 2018 – Evolis announced its results for the 2017 financial year, approved by the Board of Directors meeting on 16 March 2018. Evolis completed the restructuring of its organisation, while keeping a tight rein on the impact of investments on its bottom line.
Revenue up, powered by the projects business line
Evolis posted 4% growth in consolidated revenue for FY 2017 to M€ 80, and came very close to reaching the target announced in January. We achieved this performance in tandem with major structural reorganisation across all Evolis sites.
2017 Results: Restructuring complete; Tight financial control
The gross margin rose 2.1 points to 61.8% in 2017 (vs. 59.7% in 2016), due in the main to a better product mix, combined with a cost pooling strategy for standard parts.
Operating profit was M€ 12.7 in 2017, giving an operating margin of 15.9%. The significant structural changes we made in 2017 had an impact on operating profit (-1.8 point), due to non-recurring expenses in the amount of M€ 1.2, which were made up mainly of payroll and hiring costs, the costs associated with the employee stock option plan and relocation expenses. Nonetheless, our vigilant financial control ensured we maintained our operating margin before non-recurring items at almost the same level as in 2016. Net income came out at M€ 8.8, down 6.4%.