ICT Group nominates Gina van der Werf for appointment to the Supervisory Board

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ICT Group N.V. (ICT) today announces the nomination of Mrs. Gina van der Werf for appointment as member of the Supervisory Board of ICT Group. Her nomination made by the Supervisory Board will be on the agenda of the Annual General Meeting of Shareholders of ICT Group on 9 May 2018. Gina van der Werf is CEO of First Dutch Innovations and has the Dutch nationality. Mr. Jan Sinoo, whose second term ends on 9 May 2018, will not be available for re-election.

Gina van der Werf (46) is CEO of First Dutch Innovations, a multinational company active in the TIC-sector (Testing, Inspection and Certification), Metrology and in Life Sciences. In the past she was Chairman of the Management Board of Priority Telecom NV after corporate positions within the Liberty Global. She also held several Supervisory Board positions within the IT sector and within the Noordelijke Hoge School Leeuwarden (NHL). She holds a degree in Corporate Law and International Organisations from the University of Groningen.

Theo van der Raadt, chairman of the Supervisory Board of ICT Group: “We are very pleased to nominate Gina van der Werf for appointment to the Supervisory Board. With her broad and international management experience and extensive background in the tech sector she will be a valuable addition to our Supervisory Board. I am convinced that ICT Group will benefit from her involvement in developing innovative companies and promoting entrepreneurship. At the same time, I would like to thank Jan Sinoo for his valuable contribution over the past eight years in which ICT made significant steps forward.”

Gina van der Werf will be nominated for appointment for a period of four years until the AGM in 2022. The nomination for appointment will be made under the condition that the general meeting does not make use of its right of recommendation. After her appointment, ICT Group’s Supervisory Board will consist of the following members: Theo van der Raadt (Chairman), Deepak Luthra, Fritz Fröschl and Gina van der Werf. Mrs. van der Werf will become chair of the Remuneration and Appointment committee.

ICT Group ranked in top service providers and listed ICT companies!

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We are very proud to announce that ICT group has reached the 8th place in the top 15 ICT service providers and the 5th place in the top 15 listed ICT companies in the Computable 100.

Based on the financial list of the Computable 100, the advisors of MBCF drew up several lists. The score is based on the type of organization, Dutch origin, a stock exchange notation and whether an investor participates in the company.​

Click here to view the lists (in Dutch).

ICT Group in top 15 Computable 100 financial research 2017

Only available in English

We proudly report that this year, ICT Group has reached the 15th place in the Computable 100 financial research.  A rise of 57 places compared to 2016. The financial research was conducted by MBCF. The score takes in to account: turnover growth, EBITDA-margin, solvency and turnover per employee over a period of three years.

Click here to view the whole list.

ICT Group opens new subsidiary in Aartselaar, Belgium

This post is only available in English

In November 2017 ICT Group has opened a new office in Aartselaar, Belgium. This step is in a line with the growth strategy of ICT Group.

Herman Roelandts has been appointed as Sales Director Belgium. His main objective will be the further growth of the secondment activities in Belgium. In addition, his focus will be on Healthcare Projects and the expansion of our LogicNets decision software solutions as well as the ICT Group proposition for Digital Transformation.

For more information, please contact Herman Roelandts: herman.roelandts@ict.eu

ICT Group intends to acquire NedMobiel

ICT Group N.V. (ICT) announces that it has signed a letter of intent to acquire 100% of the shares of NedMobiel B.V., a Dutch based expert consultancy company for complex infrastructures, such as tunnels, bridges, water locks, motorways and mobility solutions. The fields of expertise of NedMobiel include (tunnel) safety, asset management and project management. The highly educated and experienced advisors and project managers cover the full spectrum from strategy to operations.

NedMobiel, based in Breda, was founded in 2006. The team of 27 professionals has various engineering disciplines and backgrounds such as civil engineering, safety, mechanical & electrical engineering. All consultants and project managers have either a bachelor or master degree.

Jos Blejie, CEO of the ICT Group, stated: “We are very pleased with the intended acquisition of NedMobiel. The expertise of ICT and NedMobiel is fully complementary and we believe that the highly educated and experienced professionals of NedMobiel will fit perfectly within the existing ICT Group culture. NedMobiel will work closely with ICT’s business unit Engineering Contractors and will be able to benefit from the strong position that ICT holds in the national rail, road, water and infrasectors.”

NedMobiel has approximately € 3 Million revenues. The founders and partners of NedMobiel will continue within the ICT Group and will lead the mobility initiatives. The purchase consideration will be paid in cash. Further financial details will not be disclosed. The completion of the transaction is expected at the beginning of 2018.

The acquisition of NedMobiel is in line with ICT’s strategy to achieve organic growth combined with acquisitions. The aim of the acquisition strategy is to achieve strong positions in each of ICT’s three main themes: Smarter Industry, Smarter Cities and Smarter Health. Within these themes ICT delivers the highest added value to its customers. This acquisition supports ICT’s transition from a leading software integrator to a total technology and service provider, by increasing revenue from projects as well as from services.

We will maintain our focus on what we try to accomplish every day; making the world a bit smarter with our technologies and skills.

Q3 2017 Results: solid performance

Key developments:

Q3 2017
– Revenue increased 23% to € 25.8 million (Q3 2016: € 21.0 million), organic revenue growth trend continued.
– EBITDA came in at € 2.5 million, an increase of 19% compared to € 2.1 million in Q3 2016.
– Focus on integration and consolidation of acquisitions continued; integration HTS ongoing.

9M 2017
– In the first nine months of 2017 revenue was up 21% to € 76.5 million (9M 2016:
€ 63.1 million), organic revenue growth 8%.
– EBITDA amounted to € 7.8 million (9M 2016: € 6.3 million), an increase of € 1.5 million.

Outlook.
– For the full year 2017 EBITDA expected between € 11.5 million and € 12.5 million.

Jos Blejie, CEO of ICT Group N.V.: “In the third quarter we continued our disciplined approach towards integration and consolidation. The integration process of HTS, which we acquired last June, is ongoing and we completed the integration of Nozhup. All ICT subsidiaries contributed to the growth realized in the past nine months. In particular ICT Nearshoring and BMA performed well in the third quarter. BMA benefited from its delayed launch of a new generation fetal heart monitors. With the continued favorable economic conditions, we expect to pass the € 100 million revenue milestone this year and expect to realize an EBITDA between € 11.5 million and € 12.5 million.”

Financial developments
In the third quarter of 2017 revenue increased 23% to € 25.8 million compared to
€ 21.0 million in Q3 2017. Organically, excluding HTS (acquired in June 2017) and
2 months Nozhup (consolidated as of September 2016), revenue growth was in line with the previous quarters. For the first nine months of the year revenue amounted to € 76.5 million. All subsidiaries contributed to the 21% increase compared to last year. Organic revenue growth year to date is 8%.

Overall productivity levels within ICT Netherlands were in line with last year. Strypes Bulgaria showed a significant increase in revenue compared to Q3 last year. BMA performed above expectations, Improve and Raster performed in line with last year. All ICT subsidiaries recorded positive results. EBITDA came in at € 2.5 million in the third quarter, compared with € 2.1 million in the same period of 2016. Year to date EBITDA was up 24% to € 7.8 million (9M 2016: € 6.3 million), resulting in an EBITDA margin of 10.2% (9M 2016: 10.0%). The positive trend in ICT’s markets continued in the third quarter.

Strategic themes
ICT focuses on the themes Smarter Industries, Smarter Cities and Smarter Health. Within these themes ICT delivers the highest added value to its customers. Due to the acquisitions of Nozhup and HTS, growth in the themes Smarter Industries and especially Smarter Cities was higher than in the Smarter Health theme.

Divestment of minority share in Strypes Nederland B.V.
In October Strypes Bulgaria (ICT Nearshoring) agreed to divest its minority stake (25%) in Strypes Nederland B.V. to the existing shareholders. As a consequence, transfer of the shares will take place early November. As part of this agreement Strypes Bulgaria and Strypes Nederland B.V. will continue their collaboration.

Outlook
ICT will continue to further leverage the strategic platform it has successfully built over the past years, aimed at organic growth combined with acquisitions. ICT’s acquisition strategy is focused on achieving a more balanced position between the three main themes. Our solutions, enabling a digital transformation for our customers, will be deployed in all industries and further internationalized.

Overall ICT has benefited from favorable economic circumstances. The markets in which ICT operates are expected to continue this favorable trend in the fourth quarter of the year. The strong fourth quarter of last year was the first quarter in which the activities of Nozhup were fully consolidated.

Based on the above, ICT expects EBITDA between € 11.5 million and € 12.5 million for the full year 2017.

Demolab Event: Lifesaving software, breathtaking careers!

Tijdens het Demolab Event tonen wij je softwareoplossingen en -producten die voor de samenleving van groot belang zijn. Door deze oplossingen wordt het leven van patiënten in veel gevallen gered of in sterke mate verbeterd.

Graag nodigt ICT Healthcare je uit voor dit innovatieve en leerzame Event op donderdag 16 november in de Gasfabriek in Deventer.
Wij tonen je op deze avond demonstraties van:
– Clinical Decision Support Systemen;
– Workflow- en datamanagementsystemen voor ziekenhuizen;
– Transportsysteem voor transplantatie van organen;
– Systemen voor de behandeling van reumatische aandoeningen; – Diagnostische systemen.

ICT Group verbindt mensen, technologie en ideeën met elkaar. En wij koppelen onze kennis van de markt aan innovatieve en integrale IT-oplossingen voor bedrijven, producten en projecten. Onze uitdaging is om samen met jou de wereld ‘smarter’ te maken.

Klik hier voor meer informatie en om je aan te melden.

ICT Group Kennis Event: Trends en ontwikkelingen in IA 2017

Het Event over Industriële Automatisering dat je niet mag missen!

Op donderdagavond 16 november 2017 vindt het ICT Group Kennis Event: Trends en ontwikkelingen in IA 2017 plaats bij het Muntgebouw in Utrecht.
Deze avond gaat over oplossingen die je helpen om processen in industriële omgevingen efficiënter, flexibeler, eenvoudiger, veiliger en duurzamer te maken. Met aansprekende sprekers van Raster, Siemens, Schneider, Wonderware BNL, ABB en ICT Group. Zij geven tijdens het Kennis Event presentaties over onderwerpen als Cybersecurity, Smart Manufacturing, Safety systemen, Data-analyse, Telemetrie & GIS Integratie en nog veel meer. Laat je op deze avond inspireren en informeren over alles wat met Industriële Automatisering te maken heeft.

Klik hier om het volledige programma te bekijken.

Wil je ook deel uit maken van dit leerzame en opbouwende event?
Schrijf je dan in via het formulier.

Press release: Half Year Results 2017 ICT Group

H1 2017 RESULTS: CONTINUED ORGANIC REVENUE GROWTH

– Recent acquisitions integrated –

Highlights H1 2017

  • Revenue increased 20% to € 50.7 million, 6% organic growth
  • EBITDA up 28% to € 5.3 million (H1 2016: € 4.2 million)
  • Net profit at € 2.6 million, an increase of 20% (H1 2016: € 2.1 million)
  • Focus in H1 2017 on integration and consolidation of acquisitions
  • Continued investments in the organization to support future growth
  • Acquisition of high technology automation services provider HTS
  • Outlook 2017: ICT expects further growth in revenue and EBITDA in the second half of 2017 compared to the first half of 2017

Key figures

Jos Blejie, CEO of ICT Group N.V.:In the past six months we have prioritized the integration of the acquisitions of the past year to safeguard a proper basis to consolidate future potential, without losing focus on driving organic growth. Nozhup, that is now fully integrated, contributes positively to the Group’s results. With our latest acquisition HTS, that will primarily service Smart Industries, we passed the milestone of 1,000 employees. With this increased group of dedicated professionals, we are fully committed to further executing the company strategy, making the world a little smarter every day. We also continued our investments in the organization, companywide, to ensure a stronger foundation on which we can further build our company. We are confident about the second half of the year and therefore expect further growth in revenue and EBITDA in the second half compared to the first half of 2017.

Strategy update

In June 2017 ICT acquired High Tech Solutions B.V. (“HTS”), a Dutch based well-respected industrial automation project and services provider. HTS employs 25 professionals on an HBO / academic level. HTS delivers consultancy services in various markets within the domain of Smarter Industries.

During the first six months of 2017 we continued our investments in new platforms and start-ups. Developments at ICT Mobile are promising and a new platform was launched together with start-up company Valuemaat.

By the end of the first half of 2017, ICT passed the mark of 1,000 employees.

 

Notes to the results

In the first half year of 2017 ICT Group’s revenue came in at € 50.7 million, up 20% compared to € 42.1 million reported in H1 2016. The revenue growth showed a consistent trend. Organically, excluding the contribution of Nozhup and HTS, revenue increased by 6%. This was driven by an increased number of staff and productivity in line with last year.

Revenue at ICT Netherlands increased 22% to € 39.3 million in H1 2017 from € 32.3 million in the same period last year. The increase is mainly attributable to Nozhup that was acquired in September 2016, and fully integrated within ICT Netherlands in the first half of 2017. Organically, revenue was up approximately 5%. Main contributor to this organic growth was the business unit Automotive. Productivity levels were in line with last year. The average tariff increase was in line with the average salary increase. EBITDA came in at € 3.6 million in H1 2017 (H1 2016: € 2.6 million). Licences and materials sales were in line with last year.

Strypes Bulgaria (“ICT Nearshoring”) reported a 46% increase in revenue from € 3.2 million in H1 2016 to € 4.6 million in the first six months of 2017. In 2016 Strypes started to upgrade the organizational effectiveness to safeguard continued and sustainable strong growth of the nearshoring activities. In the first six months of 2017 these investments, in among others quality controls, continued and will continue in the second half. EBITDA amounted to € 0.9 million in H1 2017 (H1 2016: € 0.6 million).

The segment ‘Other’ recorded revenues of € 7.4 million (H1 2016: € 7.1 million). Improve had a slow start to the year, due to postponement of assignments. Recovery is expected in the second half of 2017. After a good 2016, in 2017 Raster experienced margin pressure as a result of more difficult market circumstances. BMA performed in line with last year.

Strategic themes

ICT’s growth strategy focuses on the themes Smarter Industries, Smarter Cities and Smarter Health. Within these themes, ICT delivers added value to its customers.
Due to the acquisitions of Nozhup and HTS growth in the themes Smarter Industries and especially Smarter Cities was higher than in the Smarter Health theme.

Personnel costs increased significantly to € 31.0 million (H1 2016: € 24.9 million), primarily because of an increase in number of employees and salary increases.

Other operating expenses also increased, mainly because of the recent acquisitions. In the first half of 2017 the investment levels were similar to those in 2016. The investments focused primarily on housing and further operational effectiveness of the organisation. In addition, ICT continued investing more heavily in recruitment. The costs related to strategic initiatives and the realisation of acquisitions and partnerships amounted to € 0.1 million (H1 2016: € 0.3 million).

EBITDA for the first six months of 2017 increased by 28% to € 5.3 million, compared to € 4.2 million in the comparable period in 2016. The EBITDA margin increased from 9.9% in H1 2016 to 10.5% in H1 2017. The increased scale, following the acquisitions, leads to a more effective use of the indirect cost base.

Amortisation and depreciation
ICT has attributed a value to and is amortising several intangible assets, including order backlog, software and customer relations of its recent acquisitions. Amortisation in the first half of 2017 included Nozhup and amounted to € 1.2 million (H1 2016: € 0.9 million). Depreciation for the first half of 2017 amounted to € 0.5 million (H1 2016: € 0.3 million).

The operating profit amounted to € 3.7 million in H1 2017 (H1 2016: € 3.0 million). As a result of the higher amortization, the operating margin was 7.2%, at the same level as H1 2016 (7.1%).

Results from joint ventures and associates
The results from InTraffic were in line with last year and contributed € 0.1 million to the results
(H1 2016: € 0.1 million). The total result from joint ventures and associates amounted to a loss of € 0.2 million (H1 2016: € 0.1 million loss).

Interest expenses increased to € 0.3 million in H1 2017, from € 0.2 million in the first six months of 2016, as a result of increased financing for the recent acquisitions.

Taxes in the first half of 2017 amounted to € 0.7 million compared with € 0.7 million in the first half of 2016.

Net profit for the first six months of 2017 increased to € 2.6 million, compared with € 2.1 million in H1 2016. An amount of € 2.5 million is attributable to the shareholders of ICT Group N.V. (H1 2016: € 2.1 million). This translates into earnings per share of € 0.27 (H1 2016: € 0.24). The number of outstanding ordinary shares increased during the first half year 2017 to 9,411,301 (31 December 2016: 9,288,309) due to stock dividend and to the employee share participation plan.

Cash flow movement

In the first half of the year, net operational cash flow amounted to € 0.5 million negative in H1 2017 (H1 2016: € 0.3 million negative). The net cash position per 30 June 2017 decreased to € 1.0 million negative (31 December 2016: € 5.6 million positive). This was mainly due to the purchase price cash consideration of the acquisition of HTS, the payment of dividend, the repayments of existing acquisition financing and investments in housing facilities.

Balance sheet structure

In the first half of 2017, shareholders’ equity increased to € 44.5 million (31 December 2016: € 43.7 million) as a result of the net effect of dividend paid of € 2.1 million, net profit of € 2.6 million, and an equity increase of € 0.3 million as a result of issuing new shares (for the share participation plan for personnel and stock dividend). The balance sheet total increased from € 79.2 million at year-end 2016 to € 84.7 million at 30 June 2017, as a result of the acquisitions in the last six months. Solvency (shareholders’ equity/total assets) stood at 53% at the end of June 2017 (55% at year-end 2016).

Personnel

At 30 June 2017, ICT Group has 1,014 employees (971 FTEs), around 6% higher than at year-end 2016. The acquisition of HTS, a low attrition in the first half of the year as well as increased recruitment efforts contributed to this increase.

Outlook

ICT will continue to further leverage the strategic platform it has successfully built over the past years, aimed at organic growth combined with acquisitions. The aim of the acquisition strategy is to achieve strong positions in each of ICT’s three main themes. ICT continues its focus on the smarter themes by further deploying its solutions in Internet of Things enabling a digital transformation for its customers. Overall ICT has benefited from favourable economic circumstances. The markets in which ICT operates are expected to continue this favourable trend in the second half of the year. Some markets, such as Oil and Gas are more challenging than others.

Based on the above, ICT expects further growth in revenue and EBITDA in the second half of 2017 compared to the first half of 2017.

Click here to download the Annex of the Condensed consolidated interim financial statements of 30 June 2017

ICT ontvangt gouden medaille voor verantwoord ondernemerschap

ICT Nederland (ICT) deelt vol trots mee dat het bedrijf de gouden medaille voor verantwoord ondernemerschap van EcoVadis heeft ontvangen. EcoVadis beoordeelt bedrijven op duurzaamheid.

ICT behaalde een score van 64 uit 100, waarmee het tot de beste 5 procent van 7086 in 2016 geëvalueerde bedrijven behoort. Het programma voor duurzaamheid en verantwoord ondernemen van ICT dateert uit 2011 en er worden elk jaar nieuwe elementen aan toegevoegd, zoals niveau 4 van de ‘CO2 Prestatieladder’ en de Europese Energie-Efficiency Richtlijn (EED).

“Duurzaamheidsbeoordelaars zoals EcoVadis eisen van bedrijven dat ze voortdurend werken aan de verbetering van hun prestaties, omdat de verwachtingen in de samenleving de lat steeds hoger leggen” zegt Roy Jansen, COO van ICT. “Om onze gouden status te behouden, zullen we onze duurzaamheidsprogramma’s in 2017 en daarna blijven versterken.”

ICT en EcoVadis
Als klanten van ICT vragen om gegevens over de duurzaamheidsprestaties van ICT – zoals de CO2 -uitstoot en het mensenrechtenbeleid – maakt ICT gebruik van het EcoVadis-platform om deze gegevens op een vertrouwelijke manier uit te wisselen.

EcoVadis is het eerste samenwerkingsplatform voor het verstrekken van duurzaamheids-cijfers en tools voor prestatieverbetering voor wereldwijde toeleveringsketens. EcoVadis maakt gebruik van gebruiksvriendelijke CSR-scorekaarten waarmee bedrijven het milieubeleid, de zakelijke ethiek en de sociale praktijk van bedrijven in 150 inkoopsectoren en 110 landen kunnen monitoren. Meer dan 120 toonaangevende bedrijven, waaronder Verizon, NS, Sanofi, Nestle, Air France-KLM, Renault-Nissan, ING Bank, Schneider Electric, Heineken, Johnson & Johnson, Société Générale en Nokia, maken gebruik van EcoVadis om het risico te verlagen, innovatie te stimuleren en te zorgen voor transparantie en vertrouwen tussen meer dan 25.000 handelspartners. Ga voor meer informatie naar  www.ecovadis.com.