Devoteam (Euronext Paris: DVT) announced revenues of €133.4 million for the quarter ended March 31st 2016, representing a 13.7% year-on-year growth at constant scope and exchange rates.
Consolidated revenues have increased 15.5% compared to the first quarter of 2015, including a negative impact arising due to currency fluctuations in certain countries (Norwegian krone, Pound sterling, Turkish lira). The Group’s acquisition and divestment strategy resulted in 2.5% growth compared to the first quarter of 2015. The acquisitions of Drago and myG contributed for €3.9 million of consolidated revenues over the first quarter 2016, whereas Exa ECS, divested last year, had contributed for €1.1 million of consolidated revenues over the first quarter of 2015.
Stanislas de Bentzmann, co-CEO of Devoteam, commented on these results:
"In the continuity of 2015, Devoteam’s growth in Q1 2016 benefited from the repositioning of the Group on the Digital offers, particularly driven by the Google activities, the user experience and the management of digital transformation projects. The integration of Drago in Spain, and the disposal in early May of our system integration activity in Grimstad, located in Southern Norway, are speeding up the transformation of our portfolio.”