International expansion and strengthened position in Smarter Cities mark important steps in strategic roadmap
Highlights H1 2019
- Revenue came in at € 79.8 million, an increase of 31%, organic growth was 9%
- EBITDA increased to € 8.8 million including IFRS 16 effects. Pre-IFRS 16 EBITDA increased 27% to € 6.4 million (H1 2018: € 5.1 million)
- Underlying net profit amounted to € 1.9 million, up 24% compared to H1 2018
- Acquisition of Additude marks international expansion into Sweden
- Mobility as a Service strengthened with acquisition of BNV Mobility
- Letter of intent signed to acquire Proficium to strengthen position of ICT in Smarter Cities
- Outlook 2019: ICT expects further growth in revenue and EBITDA in the second half of 2019 compared to the first half of 2019
Jos Blejie, CEO of ICT Group N.V.:
“In the first half of 2019 ICT Group showed strong revenue growth, on the back of both acquisitions and robust organic growth. The latter was in particular driven by the strong demand in the High Tech and Automotive sectors. Moreover, with the international expansion, the growth in our nearshoring capabilities and the strengthening of our market position in Infra & Mobility, we are well underway in delivering on our strategic agenda. Our efforts are clearly valued by our business partners, as demonstrated by various awards we received from a number of our key partners in the past months.”
ICT Group press release H1 2019.pdf
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