Assystem division revenues up 21.1%

By Leila Steed13 November 2019

assystem logo

Nuclear engineering organisation Assystem has reported 21.1% growth in revenues from its nuclear activities for the first nine months of 2019.

The company’s latest financial results showed that it made €220.5 million from business operations in the Middle East, the United Kingdom and France, which was responsible for more than half of the growth.

Over the first nine months of this year the company’s consolidated group revenues rose by a total of 12.4% to €363 million, compared with €323 million for the same period last year. The figure includes 1.1% of positive currency growth.

Assystem’s Energy & Infrastructure division’s 2019 third quarter results showed a year-on-year increase of 10%, up from €106.9 million in 2018 to €116.5 million in 2019.

Revenues from the organisation’s Staffing division rose 1.0%, totalling €10.8 million in the third quarter of 2019, and €33.5 million for the first nine months of the year.

Looking ahead, the company said it was aiming to achieve an annual revenue target of €500 million, and an EBITA (earnings before interest, taxes and amortisation) margin of at least 6.8%.

Latest News
Lift-All expands with Grove truck cranes
The Omaha, Nebraska-based lifting provider recently added two new Grove truck cranes to its fleet.
‘Once in a lifetime’ moment for US infrastructure
Pete Buttigieg, US Secretary of Transportation, says low interest rates and high unemployment have created a generational opportunity to invest in infrastructure
Doosan to show XiteCloud tech at Hillhead Digital
Doosan Infracore’s new XiteCloud quarrying, mining and construction platform will be presented to the UK for the first time at this year’s online event