SII: 8.4% organic growth over 9 months

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Photo credit © Boursier.com

(Boursier.com) — The group IBS, a specialist in engineering professions, achieved a turnover of 287.8 million euros during this 3rd quarter of the 2023-2024 financial year, an increase of 11.0%. This 3rd quarter confirms the trend observed since the start of the financial year. Like the macroeconomic context, all of SII’s main markets are marked by weaker dynamics than during the last two years.

Over 9 months, turnover stood at €826.16 million, up 12.2% (+8.4% organically). The French turnover is 331.65 ME (308.8 ME in 2022-2023). Internationally, it grew by +15.6% to €494.51 million (+12.1% organically).

Outlook

The first weeks of 2024 do not reverse the trend observed during these first 9 months. SII’s annual turnover should be in a range between €1.12 billion and €1.13 billion. This would represent annual turnover growth of around 10%, still higher than the sector’s performance.


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