News

Third-quarter 2018 revenue: €21.9m (+15.3%)

16 Oct 2018

Angers, 16 October 2018 – Evolis, world leader in plastic card personalization
and printing systems, achieved third-quarter revenue of €21.9m on 30 September 2018, up 15.3% versus third-quarter 2017 (+19.4% at constant exchange rates).

Acceleration in channels’ activity and sustained growth in projects’ activity

Channels’ activity posted third-quarter 2018 revenue up 7.2% (+10.3% at constant exchange rates), up versus first-half 2018 (+4.8% at constant exchange rates). Channels’ revenue ended at €14.8m. This activity, which saw growth across all regions, was mainly driven by North America where the new team structure is starting to show results.

Projects’ activity recorded strong growth of 51.2% in third-quarter 2018 (+59.7% at constant exchange rates) with revenue of €6.2m. During the quarter, Asia-Oceania was the leading contributor to this activity, particularly due to the Indian government project announced in July and whose printing modules were delivered in full at end-September. In North America, Projects’ activity benefitted from the delivery of new banking systems. In Europe, Projects’ activity benefitted from the continued commercial roll-out of the Edikio solution in the hypermarket and supermarket segment.

“In line with our forecasts, Q3 marks an upturn in Evolis’ activities. The good quarterly performance is owing to both Projects’ and Channels’ activities. All our teams are committed to attaining our 2018 growth target.”

Christian Lefort, Chief Executive Officer of Evolis

Targets confirmed

Given the third-quarter 2018 performance, Evolis confirms its 2018 revenue growth target at +3% at current rates (based on a euro/dollar exchange rate at 1.20).
Based on this level of activity, the Group expects an operating margin at end-2018 slightly above that of end-June excluding one-off provisions at 12.1%.
Evolis confirms its target for revenue of €100m in 2020.