(AOF) – Aubay’s net profit share of the group is almost stable at 17 million euros in the first half compared to 17.3 million euros a year earlier at the same time. Operating income from activity fell by 8% to 24.485 million euros. The operating margin of activity stood at 8.9% compared to 10.3% in the first half of 2022. Aubay was targeting a margin of around 9%.” This expected development is the consequence of a utilization rate of 92.3 % against 95.2% and an unfavorable calendar in terms of working days,” said the digital services company.
Noting the good level of net income and the excellent financial situation, the Board of Directors decided to pay an interim dividend of 0.50 euros per share for the 2023 financial year. This interim dividend will be paid on November 10, 2023.
“Customer demand remains at a good level, but in a lower trend than last year’s record. This normalization is observed uniformly across all countries and all sectors. Customers are indeed demonstrating restraint and prudence in their investments in view of a macroeconomic context that is difficult to read and uncertain,” commented Aubay about his prospects.
Before adding: “If this wait-and-see attitude was particularly visible during the summer months, commercial activity at the beginning of September seems to show encouraging signs of improvement.”
Given these elements, Aubay, cautiously, expects a landing towards the bottom of the range of its annual objectives. The company is targeting organic growth of between 5% and 7%, i.e. an annual turnover of between 540 and 550 million euros and an operating margin of between 9.5% and 10.5%.
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