ASSYSTEM: 2020 results
(1)
Dividend
Outlook for 2021 buoyed by contract wins for Nuclear activities
Targets for 2021: full-year revenue of at least €500 million and EBITA margin of at least 6%
Paris La Défense, 16 March 2021, 5.35 p.m. (CET) - At its meeting on 16 March 2021, the Board of Directors of Assystem S.A. (ISIN: FR0000074148 - ASY), an international engineering group, reviewed the Group s financial statements for the year ended 31 December 2020.
Dominique Louis, Assystem s Chairman and Chief Executive Officer, stated: The Covid-19 pandemic had a significant impact on Assystem s sales and earnings in 2020, but it did not affect its strong momentum in terms of business development. Proof of this can be seen in the many contracts we won during the year, particularly in the nuclear sector, as well as in our recent announcement concerning our strategic plans in India. Drawing on our success - which we have achieved thanks to our top quality teams and their close proxi
ANALYSIS OF THE 2020 INCOME STATEMENT
For Assystem, 2020 was marked by the negative impact of the Covid-19 pandemic on the Group’s revenue and earnings, despite the governmental support measures that were put in place, notably in France, concerning furlough and short-time working schemes and exemptions from the corresponding payroll taxes. This impact was particularly pronounced during the national lockdown period in France.
Revenue
Assystem’s
consolidated revenue contracted by 5.2% in 2020, breaking down as a like-for-like decrease of 5.5%, a 1.2% positive impact from changes in the scope of consolidation, and a negative 0.9% currency effect.
Revenue from the Energy & Infrastructure division declined by 3.7% to €429.7 million, with a 5.3% like-for-like decrease, a 2.2% positive impact from changes in scope of consolidation, and a 0.6% negative currency effect.