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15 November 2011 Turnover at end-September 2011

SQLI Group confidently looks forward to a strong improvement in its results

SQLI’s strategy to focus on activities with a higher value-added meant that, like-for-like, turnover for the first nine months of 2011 held steady. The positive impact of this strategic realignment will be reflected in the group’s results for the full financial year.

SQLI generated a turnover of €37.1 million in the 3rd quarter of 2011, taking the group’s sales since the start of the year to a total €122.2 million. Like-for-like, activity fell back slightly during the 3rd quarter (-3%), but is stable since the beginning of the year. This essentially comes on the back of the group’s decision to refocus on its strategic activities which triggered the sale of SQLI Poitiers (31 December 2010) and SQLI Méditerranée (28 February 2011). SQLI group’s total headcount on 30 September 2011 amounted to 1,816 employees (excluding trainees) compared with 1,780 at the end of June 2011.

SALES PERFORMANCE

Operating in various fields underpinning today’s core market trends such as mobility, e-commerce and social networking, SQLI has signed several strategic contracts. In a persistently buoyant e-commerce sector, SQLI contributed to the launch of a nationwide BtoB platform (more than 1,000 retailers) for KIS Group and, as a specialist in SAP applications, rolled-out a dedicated iPad solution for Mölnlycke Health Care (single-use surgical and wound care products and services for the health care sector).

Ubigreen, the new solution launched by the group during the first half of 2011 which is designed to optimize infrastructure energy performance to ensure a rapid return on investment, has also notched up its first commercial successes following the signing of 2 contracts, including one with the DISIT support division of the La Poste Group.

OPERATING PERFORMANCE

Over the third quarter, SQLI continued to cut its direct and indirect costs. Coupled with the increase in the proportion of its offshore services, the global improvement of its business levels (+0.7 points over one year) and its stable average daily rate, this means that the group is able to confirm an improvement in its operating performance at the end of September.

OUTLOOK

To date, the current financial crisis has had no serious repercussions on SQLI’s business activities. As such, the group confidently expects to see a significant increase in its results for 2011.

SQLI will publish its 2011 turnover on 16 February 2012 after the close of trading.

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