Bull announces 2005 consolidated revenue of 1,173 million euros
Bull confirms return to growth with 3 % annual increase and 8.3% for the 4th quarter of 2005 year on year
Paris, February 15, 2006 -
The Group's revenue for the fourth quarter 2005 amounted to € 345,1 million against € 318,7 million for the same period last year, representing an 8.3% increase. This exceeds the revenue outlook of 6 to 7% announced on November 10th 2005. For the full year 2005, the consolidated revenue stood at € 1,173.1 million, a 3% increase from 2004. This generally favourable evolution reflects different situations depending on activities:
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A substantial progression for the Products division with an annual growth of 11.1%,
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Resumed momentum in Services, with a 4.1% annual growth, as a result of the reorganisation and sales strategy initiated during the first six months of 2005,
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A stabilised erosion in the Maintenance business during the fourth quarter, leading to an annual decrease of 11.6%.
|
|
4Q revenue |
|
|
Annual revenue |
|
|
|
2005 |
2004 |
Variation |
|
2005 |
2004 |
Variation |
|
|
|
|
|
|
|
|
|
Products |
|
184 800 |
158 200
|
16.8% |
|
578 700 |
521 000 |
11.1% |
Services |
|
93 400 |
85 000
|
9.9% |
|
320 700 |
308 100
|
4.1% |
Maintenance |
|
66 900 |
75 500
|
-11.4% |
|
273 700 |
309 600
|
-11.6% |
|
|
|
|
|
|
|
|
|
Total |
|
345 100 |
318 700
|
8.3% |
|
1 173 100 |
1 138 700
|
3.0% |
|
(in thousands of euros, IFRS standards, non audited)
Bull will give a detailed presentation of its 2005 operations when 2005 results are published on Wednesday, February 22nd.
On this occasion, Bull will also present the main aspects of Horizon 2008, its strategic plan.
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