Provisional Half Year Results
H1 PROVISIONAL RESULTS IN LINE
30 July 2001
In line with the indications given on June 26th, provisional non audited results for Cap Gemini Ernst & Young first half-year 2001 show the following:
- Group consolidated revenue amounts to 4,440 M€, a 70% growth compared to the 2,611 M€ reported for the first-half 2000. When comparing to pro forma 2000 accounts, taking into account Ernst & Young Consulting entities as from January 1st, 2000, revenue growth is 8.0% at current rates and structure and 6.3% at constant rates and structure;
- Group operating income is at 269 M€, i.e. a margin of 6.1% of consolidated revenue, a decrease compared to the 8.5% reported for the first-half 2000 (10.0% pro forma);
- Net Group income should reach 110 M€, compared to 96 M€ reported last year for the first-half (the US tax credit being treated as indicated for full-year 2000 accounts); earnings per share should be 0.87 euro (0.99 euro last year).
The action plan announced on June 26th to improve Group profitability in the second-half has been fully deployed. In particular, more than 2,100 people have already left the Group, with a further 600 being in progress.
The market conditions seen since June 26th are in line with the Group’s expectations and, provided there is no major disruption in the economic environment, the objectives given on that day for the full-year remain unchanged. On October 12th, when presenting the final and audited H1 results, a further trading statement will be made.
o0o
