Highlights H1 2018
- Revenue increased 20% to € 60.9 million, 5% organic growth
- Underlying EBITDA up 9% to € 5.8 million (H1 2017: € 5.3 million). Including one-off costs related to the contract termination fees at InTraffic (€ 0.8 million), EBITDA was € 5.1 million
- Net profit came in at € 5.7 million (H1 2017: € 2.6 million), including one-off accounting gains of€ 4.1 million related to the acquisition of InTraffic and the revaluation of ICT’s stake in GreenFlux
- Acquisitions of InTraffic and NedMobiel completed
- Outlook 2018: ICT expects further growth in revenue and EBITDA in the second half of 2018 compared to the first half of 2018
Key figures
Jos Blejie, CEO of ICT Group N.V.:
“ICT Group continues its growth momentum and achieved revenue and EBITDA growth. This growth is supported by favourable market conditions and driven by the right strategic actions, positioning the company higher in the value chain. Our recent acquisitions NedMobiel and InTraffic further strengthened our offering in Smarter Cities, allowing us to serve any client in the field of mobility and infrastructure. Having achieved leading positions in Smarter Cities and Smarter Industries, our focus will now shift to strengthening our position in Smarter Health in the coming periods. Moreover, we cautiously look for international expansion in our traditional Industrial activities. Our key challenge remains attracting and retaining professionals, while keeping salary increases in balance with tariffs.”
180822 ICT Group press release - FIRST HALF YEAR 2018 SOLID PERFORMANCE.pdf
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