Inetum closes 2020 with an operating margin above 6%
Inetum closes 2020 with an operating margin above 6%
Year marked by the health crisis and the purchase made of the Spanish Iecisa
The consulting firm of French origin closes 2020, a year marked by the health crisis and the purchase it made of the Spanish Iecisa, with a turnover of 1,965 million euros, which represents more than 23% growth compared to 2019.
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Last year was an intense year for the French consulting firm Inetum (formerly GFI) due to the outbreak of the pandemic, the purchase of the Spanish IT services company Iecisa and the change of name and brand that it decided to undertake. Even so, the firm, which operates in 26 countries and has 27,000 professionals, closed 2020 with a turnover of 1,965 million euros, an increase of more than 23% and an operating margin of 6.3%.
Last year the company also expanded its presence internationally. In fact, almost 60% of revenues come from international markets: € 929 million from Iberia and Latin America, € 315 million from Belux and € 85 million from the EEMEA area. Romania, the countries of the Belux area and Portugal achieved organic growth of 21.9%, 7.3% and 1.4%, respectively. It is present among the top 10 IT companies in its markets and is in the Top 4 in Spain, in the Top 5 in Belgium and in the Top 5 also in France.
In the words of Vincent Rouaix, president and CEO of Inetum: “We have made ambitious strategic decisions that have allowed us to successfully transform the Group, based on the industrialization of delivery models and processes. The important acquisitions made with Iecisa in Spain and Realdolmen in Belgium have allowed us to consolidate our position in key geographic areas for our future growth ”.
Expectations for 2023
The Group, focused on consulting services, applications and infrastructures, systems integration, global outsourcing , value-added sales and software development, aspires to continue growing until 2023 in an organic and inorganic way with a strategy based on strengthening the middle market , reinforce its offer with next-generation solutions (with investments in the cloud, cybersecurity, automation and data analysis), enter new European markets, increase its margins and plan new purchases, as the company ensures the European consulting market It is "a very fragmented market that is consolidating and offers Inetum the opportunity to integrate the best players in its ecosystem".