GreenFlux Smart Charging Controller wins sMove360° Award at eCarTec in Munich

On Tuesday 18 October the winners of the 2016 sMove360° Award were announced at the international eCarTec expo in Munich. In the category ‘ICT Infrastructure & Security’ the first prize was awarded to Dutch charge point operator and service provider GreenFlux. Their Smart Charging Controller can transform every charge station for electric vehicles into an intelligently connected device. ICT Group has a minority interest in Greenflux.

GreenFlux developed their Smart Charging Controller to offer charge point manufacturers and operators worldwide a scalable and future-proof working solution. The controller is designed to support smart charging of electric vehicles. Smart Charging distributes the total available power over charging stations in a smart way. This means electric vehicles can charge at a higher speed and ‘capacity overload’ with full occupancy is prevented. This results in a safe solution and no extra installation fees or electricity charges based on a higher peak use.

GreenFlux is a pioneer in Smart Charging and has extensive experience in this field in several European countries such as the Netherlands and the UK. The solutions GreenFlux offers are based on extensive experience and pilots with Dutch grid operators and companies. They address current issues for organisations that want to offer EV charging as a service. The need for smart charging will only grow, both nationally and internationally, when the demand of energy on the network will increase because of market growth of electric vehicles. GreenFlux’ controller is ready for that and moreover transforms unconnected charge stations for electric vehicles into smart stations, offering the charge point operators more services for their customers like remote services and billing services.

The GreenFlux Smart Charging Controller is part of GreenFlux’ vision of a sustainable world, powered by the sun. The controller enables a way to charge cars with 100% renewable energy. Making cars charge faster when there is more green energy available.

Jos Blejie, CEO ICT Group: “The Greenflux platform was developed by the ICT Energy unit and we are therefore very proud to congratulate Greenflux with the 2016 sMove360° Award. In 2015 we have transferred the intellectual property of this development to Greenflux and we have at the same time acquired a minority interest in the company. This award shows that we have made the right decision and we will of course continue to support Greenflux as a technology partner”.

For more information

ICT Group is selected by Danone Nutricia to develop manufacturing software for new smart factory

ICT Group was selected by leading global baby food producer Danone Nutricia to develop the complete manufacturing execution system for a new plant in Cuijk, The Netherlands. The facility is Danone’s largest investment in Europe and will double the Dutch production capacity for its international early life nutrition brands. ICT will be responsible for the detailed engineering, delivery, installation and implementation of the software. Resulting in a 24/7 operational smart factory that will start its production in late 2017. Danone Nutricia chose ICT Group after completing a similar and successful project at the baby food production plant of Danone Nutricia in Fulda, Germany. Bas Hazewinkel, Business Development Manager Food / Feed and Beverage at ICT Group: ‘This means that the software ICT will provide in Cuijk is based on a proven and fully operational Wonderware Manufacturing Execution System (MES) – the linking pin between customer demand and the machines delivering the right product. With ICT’s solution, Danone Nutricia will be able to build another state-of-the-art factory, characterized by highly intelligent production processes, connected machinery, integrated information systems, traceability of products and continuous performance analysis.’ For more in depth information, please watch our presentation about the MES solution ICT Group implemented at Danone’s plant in Fulda, Germany. This presentation was held at the Wonderware Benelux Knowledge Exchange 2016.

ICT completes acquisition of Nozhup

ICT Group (ICT) announces that today it has completed the purchase of 100% of the shares of Nozhup, a Dutch based industrial automation services provider. The purchase consideration comprised a cash payment and an amount in ICT shares. The share capital will be diluted with 443,058 shares. With this acquisition ICT gains significant scale in its activities in the industrial automation market. At the same time it considerably widens ICT’s customer base in this market. Nozhup will immediately contribute to the profitability of ICT. On a full year basis the acquisition will substantially enhance the earnings per share.

Press Release: half year results 2016 ICT Group

STRONG FIRST HALF YEAR RESULTS On track to become a leading total technology solutions provider Highlights H1 2016

  • Revenue up 22% to € 42.1 million, 8% organic growth
  • EBITDA increased 32% to € 4.2 million
  • Net profit at € 2.1 million, an increase of 44% (H1 2015: € 1.5 million)
  • Acquisition of BMA in the field of Smarter Health completed
  • Intended acquisition of Nozhup in the field of Smarter Industries as announced on 12 July 2016
  • Barring unforeseen circumstances, ICT expects an improvement in EBITDA between 25%-35% for the full year 2016 compared to 2015.

Key figures

Key figures
(in millions of €) H1 2016 H1 2015 Change
Revenue 42.1 34.6 22%
Revenue Added Value 37.3 31.8 18%
EBITDA 4.2 3.2 32%
Amortisation / depreciation 1.2 1.1 8%
Operating result 3.0 2.1 44%
Net profit 2.1 1.5 44%
(in €)
Earnings per share (*) 0.24 0.17 41%

(*) Based on the average number of outstanding ordinary shares. Jos Blejie, CEO of ICT Group N.V.: “We are pleased with the developments of this first half year. Both in terms of results as well as in the further roll out of our strategy. We realised strong revenue and EBITDA growth, to which all our key activities contributed. We closed the acquisition of BMA, thereby strengthening our position in Smarter Health. We announced the expansion of our water infrastructure services through the acquisition of the Dynniq activities. And finally, early July, we announced the intended acquisition of Nozhup, with which we will gain significant scale in the Industrial Automation markets. These are all important steps in our road map to becoming a leading total technology solutions provider. In March we decided to close our Polish operations and focus our nearshoring business on Strypes in Bulgaria, which is further professionalising its organisation to enable sustainable growth. We are confident about the second half of the year and therefore expect an improvement in EBITDA between 25-35% for the full year 2016.” Strategy update In the first half of 2016 ICT made important steps in the execution of its strategic road map. The success of the earlier strategic choices is reflected in the strong financial results realised in the first half of the year. In 2015 ICT changed its organisational structure from verticals to business units, to spark the entrepreneurial spirit within ICT. This resulted in the first half of 2016 in a profitable autonomous growth of 8%. In February 2016 ICT completed the purchase of 51% of the shares of BMA (Buro Medische Automatisering), a leading Dutch Healthcare software company active in obstetrics. The remaining 49% will be acquired after a period of three years. This transaction also marks an important step in ICT’s growth strategy and further enhances ICT’s position in the field of Smarter Health. The acquisition of Raster in September 2015 marked an important step in strengthening ICT’s position in the Oil and Gas market. In June 2016, ICT acquired the water related services activities of Dynniq, which strengthened ICT’s expertise in Smarter Cities. In July 2016, we announced the proposed acquisition of Nozhup, active in process automation in the industry and infrastructure markets. With these acquisitions, ICT is well on track to deliver on its ambition to become one of the largest Industrial Automation players in the Netherlands, addressing the global themes Smarter Industries and Smarter Cities. Furthermore at the end of March 2016 ICT announced the closure of the ICT Poland operation with effect from 31 May 2016. As the Polish operations had not reached the necessary scale to continue to make the operation viable, ICT decided to focus its nearshoring strategy fully on Strypes Bulgaria. At the beginning of July 2016 a new legal entity (start-up), ICT Mobile B.V., was incorporated, in which ICT holds 51% of the shares (49% is owned by the two founders). With this new activity ICT is responding to the trend of enterprises embracing mobile processes and adopting a mobile strategy at high speed. At the AGM held on 11 May 2016 the statutory name change of ICT Automatisering N.V. to ICT Group N.V., was adopted. The new name better reflects the international character of the company and also enables the company to easier add new labels to the group. Notes to the results In the first six months of 2016 ICT Group’s revenue came in at € 42.1 million, up 22% compared to € 34.6 million reported in H1 2015. Organically, revenue increased by 8%. This was driven by increased number of staff, slightly higher average rates and good project results, whilst overall productivity was slightly lower. Revenue at ICT Netherlands increased 7% to € 32.3 million in H1 2016 from € 30.1 million in the same period last year. Productivity levels were more or less at the same levels as last year, but ICT was able to increase the average rate and the company realised good project results. Licences and materials sales were below expectations. Market circumstances in the Industrial Automation market remained challenging. Other markets, including High Tech, Machine & Systems, Automotive, Healthcare and Logistics, showed a positive development. ICT sees ample opportunities in Healthcare that realised good growth percentages. Strypes Bulgaria (“ICT Nearshoring” or “Strypes”) saw a 26% increase in revenue from € 2.5 million in H1 2015 to € 3.2 million in the first six months of 2016. As Strypes further broadened its client base, it continued to decrease the firm’s dependency on its largest client. In the past six months Strypes invested efforts both on new clients as well as on the internal processes, with the objective to further professionalise the organisation and to ensure that Strypes Bulgaria will be able to continue its strong growth path. Given these outlays we anticipate a temporisation of the results. Raster contributed revenues of € 2.9 million in the first six months of 2016. Despite the still challenging Oil and Gas market, Raster showed a good performance, in line with expectations. The segment ‘other’ (Improve, BMA and ICT Poland) recorded revenues of € 4.2 million. The market for training is favourable as is reflected in the revenue recorded by Improve, which slightly improved over last year. BMA performed below expectations as a result of postponement of projects, but expects to improve in the second half of the year and the new product developments are running on schedule. As a result of the closure of the Polish operations as per 31 May 2016, revenue of ICT Poland was slightly down compared to H1 2015. Personnel costs increased overall to € 24.9 million (H1 2015: € 21.6 million), as a result of both salary increases as well as the increase in number of employees. Other operating expenses also increased, mainly as a result of the most recent acquisitions. The costs related to strategic initiatives and the realisation of acquisitions and partnerships amounted to € 0.3 million (H1 2015: € 0.3 million). EBITDA for the first six months of 2016 increased by 32% to € 4.2 million, compared to € 3.2 million in the comparable period in 2015. Organically (excluding BMA and Raster) EBITDA was in line with last year. Profitability at ICT Netherlands increased, but this was off-set by the increased investments in Strypes Bulgaria and the costs related to the closure of the Polish operations. The EBITDA margin increased from 9.2% in H1 2015 to 9.9% in H1 2016. Based on Purchase Price Allocation, ICT has attributed a value to and is amortising a number of intangible assets, including order backlog, software and customer relations of its recent acquisitions. Amortisation amounted to € 0.9 in the first half of 2016, comprising € 0.3 million related to Strypes Bulgaria, € 0.3 million related to Raster and € 0.3 million related to BMA. Depreciation for the first half of 2016 amounted to € 0.2 million (H1 2015: € 0.2 million). The operating profit amounted to € 3.0 million in H1 2016 (H1 2015: € 2.1 million). The results from joint venture InTraffic increased compared to last year and contributed € 0.1 million to the results. The result from associates improved to € 0.1 million negative (H1 2015 € 0.2 million negative), mainly due to a better performance of LogicNets Inc. Taxes in the first half of 2016 amounted to € 0.7 million compared with € 0.4 million in the first half of 2015. Net profit for the first six months of 2016 amounted to € 2.1 million, compared with € 1.5 million in H1 2015. This translates into earnings per share of € 0.24 for H1 2016. The number of outstanding ordinary shares increased during the first half year 2016 to 8,845,251 (31 December 2015: 8,747,544). Cash flow movement As usual for the first half of the year, net operational cash flow amounted to € 0.3 million negative in H1 2016 (H1 2015: € 0.8 million negative). The cash position per 30 June 2016 decreased to € 1.2 million (31 December 2015: € 6.7 million). This was mainly due to investments in housing facilities, the payment of the earn out obligation related to the acquisition of Strypes Bulgaria, the purchase price cash consideration of the acquisition of BMA, and the payment of dividend. The acquisition of BMA was partly financed from the acquisition facility. Balance sheet structure In the first half of 2016, shareholders’ equity increased to € 36.3 million (31 December 2015: € 35.5 million) as a result of the net effect of dividend paid of € 2.1 million, issuance of new shares of € 0.8 million, related to the acquisition of BMA and net profit of € 2.1 million. The balance sheet total increased from € 58.2 million at year-end 2015 to € 70.3 million at 30 June 2016, as a result of the acquisitions in the last half year. Solvency (shareholders’ equity/total assets) represents a sound financial basis and stood at 52% at the end of June 2016 (61% at year-end 2015). Personnel The total number of employees at 30 June 2016 was around 4% higher than at year-end 2015. This was due to both acquisitions and as well as increased recruitment efforts. Significant events after the balance sheet date On 11 July 2016, ICT signed a letter of intent to acquire Nozhup. With this intended acquisition ICT gains significant scale in the industrial automation market. At the same time it considerably widens ICT’s customer base in this market. Nozhup will immediately contribute to the profitability of ICT. In anticipation of the intended acquisition of Nozhup, ICT has extended its acquisition credit facility with Rabobank in July 2016 from € 6 to € 11 million. Additionally ICT has increased its working capital credit facility from € 6 million to € 10 million. The conditions of the facilities remained unchanged. Composition of the Supervisory Board At the General Meeting of Shareholders held on 11 May 2016, Mr. Luthra was reappointed for a second four-year term as member of the Supervisory Board. Outlook ICT continues to aim for organic growth in combination with growth through acquisitions. ICT will focus on further leveraging its recent acquisitions. Given the strategic progress made and its acquisitions, ICT expects for the full year 2016 an improvement in EBITDA between 25%-35% compared to the full year 2015. Condensed consolidated interim financial statements 30 June 2016

ICT Group’s Limburg Water Level app nominated for Award

Channelweb has announced the nominees of the Channel Awards 2016 in the category ‘Best Channel Project of the Year’. The nominees were chosen by a total of 21 jury members specialized in projects, project management and chain collaboration in projects. The winners will be announced during a spectacular award show on 7 December 2016. Limburg-based water boards, ICT Group and Smartportal (Limburg Water Level app) “The Limburg Water Level app has allowed citizens of Limburg to check the actual water levels in their area since February 2016. ICT Group developed the app using Smartportal – a smart, cloud-based solution – in combination with the current IT landscape and standard processes, data and tools. Citizens are informed promptly by e-mail or push message in cases of possible flooding, and social media allow them to track the measures taken by the water boards. Smartportal converges multiple, existing IT solutions of a company into a single, integrated, cloud-based application.” Click here for more information on the app. We are very proud of this nomination. You can vote until Sunday 13 November 2016. The winners will be announced during a spectacular award show on 7 December 2016.

ProRail awards maintenance contract for TTI Delft operating system to ICT Group

ICT Group has been awarded the ProRail contract for the daily maintenance of the operating system for the technical tunnel systems (TTI) in the Willem van Oranje rail tunnel in the city of Delft. The system operates and controls the technical tunnel systems (TTI) of the 2.3-kilometer rail tunnel. The Delft tunnel is part of the rail link between Rotterdam and The Hague on one of the busiest rail routes in the Netherlands. The contract has been concluded for a period of three years and includes an extension option until 2025. The tunnel, which is part of Spoorzone Delft (Railway Zone Delft), consists of an East tube and a West tube, both fitted with 2 separate rail lines. The operating system is the technical heart of the tunnel, from where all the electromechanical systems for safety measures and audio and video communication are operated and controlled. IMG_3995 In order to meet the high availability requirements, the Siemens operating system is fully implemented in duplicate, so that rail traffic can continue to run even if there is a malfunction. The maintenance activities include configuration management, incident management and preventative and corrective maintenance. The service processes have been configured to fulfill the operating system’s high reliability and availability requirements. The contract will be implemented by the Outsourced Services unit of ICT Group, which specializes in software life-cycle management and Asset Management in addition to the above-mentioned service activities.

Press release: ICT gains significant scale in industrial automation

ICT Group (ICT) announces that today it has signed a letter of intent to acquire 100% of the shares of Nozhup, a Dutch based industrial automation services provider. With the intended acquisition ICT gains significant scale in its activities in the industrial automation market. At the same time it considerably widens ICT’s customer base in this market. Nozhup will immediately contribute to the profitability of ICT. On a full year basis the acquisition will substantially enhance the earnings per share. Nozhup is a well-respected industrial automation project and services provider, founded in 2003, which employs around 90 highly educated professionals. Nozhup delivers projects, services, project management and consultancy in process control and instrumentation engineering. Furthermore it provides design and implementation of control software and hardware and systems integration of technical installations. The company has a focus on both the industrial markets, mainly in the sectors machinery and chemicals, as well as the infrastructure market. NOZHUP’s diversified customer base is largely complementary to ICT’s customers. Nozhup realizes profitable revenues of around EUR 9.5 million per annum. ICT has already taken a number of steps to gain scale in the Industrial Automation markets, both organically as through acquisitions. With the intended acquisition of Nozhup, ICT is well on track to deliver on its ambition to become one of the largest Industrial Automation players in the Netherlands addressing the global themes Smart Industries and Smart Cities. Jos Blejie, CEO of ICT: “This is a very important step in the roll out of our Industrial Automation strategy. Combined we have the scale and strength and above all the skills, to be leading in the Industrial Automation markets. I am convinced of the cultural fit and I am delighted to welcome all Nozhup employees, For the ICT Group this acquisition marks another milestone in our road map to become a leading total technology solutions provider.” For multiple years Nozhup and ICT already worked together on a regular basis and therefore know each other quite well. The two companies share the same type of culture. The quality of work, education of staff and knowledge of the various sectors is similar. Nozhup will operationally work closely together with ICT’s Industrial Automation business unit. The founders of Nozhup will remain involved as advisors. The purchase consideration comprises a cash payment and an amount in ICT shares. It is expected that the share capital will be diluted with approximately 450.000 shares (approximately 5% of total shares). The acquisition is expected to close in the third quarter.

ICT Group Microsoft Government Cloud Solution Partner of the Year 2016

On July 6, ICT Group received the Microsoft Government Cloud Solution Partner award for the “Energie Koploper” project ( The jury report stated: “ICT is driving societal impact by creating cloud solutions that contribute to energy efficient, sustainable cities.”

The strong cooperation between Microsoft and ICT Group is particularly important because ICT Group has a strong focus on Smarter Cities and Industries.

“Our broad experience with remote asset management resulted in the current ICT IoT Suite+ solution. We maintain our strategy which is built in close alignment with the Microsoft IoT and Cloud roadmap.” John Koot, IoT Business Development Manager ICT Group, comments. “In the last years we have built several solutions in Microsoft’s Public Cloud. This has resulted in innovative, scalable and profitable projects for our customers.”

Harco Enting, Director Public Sector, Microsoft Netherlands, comments: “It’s great to recognize the innovation and value ICT Group brings to her customers based on Microsoft technology. A perfect example of making cities smarter in The Netherlands and beyond.”

ICT supports European project: Rewilding Rhodopes Europe

Last week the Executive board and the Supervisory Board of ICT visited Strypes Bulgaria. During this visit they had a meeting at the Dutch Residence with Ambassador van Oorschot and at that time Jos Blejie proudly presented a cheque for a European project with Dutch roots: Rewilding Rhodopes Europe. Rhodopes is a widely spread nature resort with all sorts of specific bird species. This fascinating project has the aim to bring back biodiversity and wild life in the Eastern Rhodopes.




Press release: ICT Group establishes strategic business unit ICT Mobile

ICT Group today announced the establishment of a new business unit: ICT Mobile. The specific technology of this unit can be applied in the company’s existing business. ICT Mobile bundles the best existing and new mobile technologies in out of the box platform services. This boosts the capability to deliver fast, secure and scalable. Mobile Strategy Enterprises need more and better apps. At the same time the mobile technology landscape is changing even faster. More devices to support. More security to provide. More infrastructure to run and more enterprise data to connect. Without having a mobile strategy in place businesses won’t be able to address the massive challenges behind mobile, leaving the mobile opportunity unused. Mobile Enterprise Application Platform The highly innovative proposition of ICT Mobile is a functional rich Mobile Enterprise Application Platform (MEAP) which is fully cloud based and can be directly applied in all ICT’s vertical markets. This platform will enable enterprises to mobilize existing and new business processes in a secure, scalable and agile way. Focus is to align resources and technical capabilities with user requirements. “By establishing ICT Mobile we are responding to the trend of enterprises embracing mobile processes and adopting a mobile strategy at high speed. Companies are actively looking for reliable technology partners to develop and implement robust enterprise grade mobility solutions to support their most critical business processes”, says Jos Blejie, CEO ICT Group. Huub van der Linden and Jeroen Donkers will be in charge of this unit. Both have established a long track record in the Enterprise Mobility market.