|€ Million - IFRS - Pre-audit data
SQLI turnover amounted to €57.8 million for the first three months of 2018, up 12.9% on the same period in 2017.The Group’s activities outside France accounted for 56% of growth, driven notably by the acquisitions of Star Republic* in Sweden and Osudio** in the Netherlands and Germany.
At end-March, growth for turnover generated outside France stood at 34%, up 10 points year on year. Activity in France dropped by 1% as the Group continued with the disposal of its non-strategic businesses, taking organic growth*** to 0.3% on the back of an unfavorable calendar effect.At end-March, SQLI’s talent pool included 2,287 employees.
While the staff turnover rate remained at a high 26.8% in the first quarter, a positive decrease has been seen since February.
Strategic focus on major accounts is a success
SQLI’s major customers now account for more than 90% of Group activity, with the top 20 generating 56% of turnover. Its e-commerce expert service centers (Offshore and Nearshore) have begun to work for the companies that were included in the Group’s consolidation scope in 2017, thereby confirming the initial synergies identified.
Once again, the main drivers behind performance were SQLI’s e-commerce and customer experience platforms both in and outside France, with the Group working alongside some of the biggest European-based names in the luxury, retail, banking, insurance and BtoB industries. SQLI’s broad sector presence gives it the wealth of expertise and experience needed to offer cutting edge services for all of its customers.
L’Oréal, the largest beauty and cosmetics company in the world, has entrusted SQLI with its Well Comm’ project, a new platform for sharing information that optimizes internal processes for corporate communications.
SQLI’s activity and order books are in line with its development objectives for the year, and the Group has confirmed that it is targeting turnover of at least €240 million in 2018.
SQLI will publish its turnover for the first half of 2018 on July 26, 2018 after the close of trading.
* Consolidated since May 2017.
** Consolidated since September 2017.
*** Growth at constant scope and exchange rates, see appendix.