Continued High Organic Growth for SII SII truly impressed us with its high organic growth in

Continued High Organic Growth for SII SII truly impressed us with its high organic growth in
French IT and ER&D services vendor, SII, had an impressive growth in Q1 FY23 (corresponding to calendar Q2 22). Year-on-year organic growth reached 27.5%, despite demanding comps (Q1 FY22: +27.1%).
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org
II was simply the best this quarter. The France-headquartered ER&D services vendor had its revenues up 24.0% yoy (at cc/cs) in Q3 2021/Q2 FY22. SII matched Alten’s excellent performance (+24.0% at cc/cs) despite relatively demanding comps. Unlike peers, SII had limited exposure to automotive and aeronautics. In FY21, its revenues were only slightly down, by 1.5% at cc/cs. SII, therefore, managed to grow its Q2 FY22 revenues despite relatively demanding comps (-4.5%). Alten’s decline during the same quarter was 9.4% yoy.
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org.
At first glance, SII performed very well during calendar Q3 2020 (corresponding to its Q2 FY21). Revenues were down by only 4.5% yoy at cc/cs. By comparison, Alten’s revenues were down by 19%! SII continued to overperform its French and European peers by a very significant margin.
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org
Without surprise, French ER&D service vendor SII announced a slowdown in its Q4 FY20 (ending March 31): revenues were up 2.2% at CC/CS during the quarter.
SII improved its profitability in H1 FY20 despite its reorganization
investments. Its adjusted operating margin was up by 30 bps to 7.2%. France’s margin remained low to 5.6%, improving slightly by 20 bps.
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org.