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Paris, 8 November 2006

Turnover increased by 13.5% for GFI Informatique in the third quarter of 2006, with organic growth of 8.6%.

 

Comments on activity

France

Turnover grew by 18.7% in France in the third quarter, corresponding to organic growth of 5.9% in the quarter and of 5.4% for the first nine months of the year.
Our French activities continued to record significant commercial successes thanks to our packaged offers.

International

Our Italian subsidiary obtained some significant contracts in the energy sector, enabling it to post organic growth in turnover of 13% for the third quarter. This confirmed the effectiveness of our commercial investments and the quality of the company's new management.

The Spanish, Portuguese, German, Canadian and Moroccan subsidiaries continued to post excellent performances with organic growth of more than 20% in the first nine months in Spain, Germany and Morocco. Our recent Spanish acquisitions (biometrics and hospital software) confirmed their strong performances.

Thanks to the acquisition of Adelior, our Belgian and Luxembourg businesses have achieved critical mass and recovered their business momentum.

 

Group transformation

GFI Informatique has reinforced its organisation by business line, notably by:

• developing its offshore service centres in Spain, Portugal and Morocco and its regional service centres in France;
• grouping all its production and outsourcing activities under GFI Infrastructure et Production, which now has more than 1,000 employees following the acquisition of Actif;
• creating GFI Monétic, which will group all GFI's global activities and offers in this field and will become a strong skill centre capable of handling the accelerated growth of these activities.
• continuing to invest in its strategic offer.
  

 

Acquisition of Elios

GFI Informatique has finalised the acquisition of Elios, a company specialising in technical solutions for telecom networks. This company employs 83 people and is profitable with turnover of around €6 million. This company was initially a France Telecom spin-off. This acquisition is part of GFI Informatique's strategy of targeted acquisitions in fields offering high added value.

 

Headcount

At the end of September, the group employed 8,360 people, of whom 4,871 in France. The headcount continues to grow, notably in Spain and in the West and North of France.

 

Outlook

Management remains confident in its ability to continue to achieve organic growth and is maintaining its annual targets.

 

Financial communications calendar

GFI Informatique will publish Q4 2006 turnover after close of market on 8 February 2007.

 

About GFI Informatique

GFI Informatique is an international IT services group employing nearly 8,400 people. The Group recorded turnover of €543.8 million in 2005. The acquisition of Adelior and Actif in 2006 brought the group around 1,000 new staff and added €75 million to turnover. GFI Informatique provides its customers with expertise in consulting, software solutions, systems engineering and integration, and outsourcing. The company covers all stages of the information system life cycle and caters mainly for large corporates, public bodies and local authorities. GFI Informatique has over 40 branches in France and 9 international agencies in Southern and Northern Europe, Morocco and Canada.

For further information, please contact:
Investor Relations: Bertrand Maes – Email: – Tel +33 (0)1 44 85 88 25
Press Relations: Martine Canaque – Email: – Tel +33 (0)1 44 85 88 56

 

 

Appendix

 

Turnover	Third quarter 2006			Nine months 2006
	in €m	Overall growth	Organic growth	in €m	Overall growth	Organic growth
France	93.3	18.7%	5.9%	310.3	22.7%	5.4%
International	51.7	5.0%	13.4%	154.6	5.0%	11.3%
Total	145.0	13.5%	8.6%	464.8	16.2%	7.4%