Devoteam (NYSE Euronext Paris: DVT) announced revenues for the year ended December 31st 2014 above previous guidance. Full year revenues stood at € 442.8 million, a 2.5% increase at constant exchange rates and perimeter versus 2013. The 2014 operating margin stood at € 22.1 million, representing 5.0% of revenues, and a 130 basis point increase compared to last year.
Operating profit before asset disposals and goodwill impairments jumped 148% in 2014, thanks to the previously mentioned 30% increase in volume of the operating margin, and when not taking into account the significant one-off profits recorded in 2013 (related to the closing of successful divestments).
Net income attributable to the shareholders of Devoteam S.A. amounted to € 7.5 million, versus € 5.4 million one year earlier, a 40% increase.
- Revenues of € 442.8 million in FY 2014, growing 2.5% organically vs. FY 2013 and 6.0% in the last quarter
- Operating margin increase: +130 bps
- Reinforcement on Digital and Cloud offers