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.

ICT Group en Cisco sluiten partnership voor Digitale Transformatie

Vanwege de toenemende vraag aan IoT (internet of Things) toepassingen en verdere digitalisering binnen de industriële sector, hebben ICT groep en Cisco een partnership gesloten. Deze samenwerking is een logisch vervolg op de samenwerking van Cisco en Microsoft rondom IoT zoals recent is aangekondigd. ICT groep heeft met haar kennis van de industriële markt en de kennis van zowel Microsoft en Cisco alles in huis om verdere digitalisering binnen deze markt vorm te geven.

Aart Wegink, Director Digital Transformation ICT Group “De samenwerking heeft tot doel om binnen de industriële sector “Industry proven” technologieën te leveren die de integratie tussen het IT en OT domein (operationele technologie) op een veilige en betrouwbare wijze weten te realiseren.

“ICT Group is een visionair en autoriteit in het OT domein. We zijn trots dat ICT Group hand in hand met Cisco de brug wil slaan tussen de IT en OT werelden om onze gezamenlijke klanten binnen de segmenten utilities, manufacturing en mobiliteit te helpen de route naar de digitale wereld succesvol in te zetten. De noodzaak om technologische silo’s open te breken voor efficiency, data ontstluiting en analytics toe te passen op werkprocessen en systeemperformance en cyber security als business enabler brengt ons samen in een veelbelovende combinatie”, aldus Daan de Groot Channel Lead Cisco Nederland.

Nieuwe algemene voorwaarden ICT Group

ICT heeft nieuwe (gewijzigde) algemene leverings- en inkoopvoorwaarden. Deze voorwaarden, die zijn gedeponeerd bij de Kamer van Koophandel, zijn met ingang van 1 juli 2017 van toepassing op alle leveranties van, inkopen door, onderhandelingen en (nieuwe) overeenkomsten met ICT en vervangen onze eerder gehanteerde algemene voorwaarden. U kunt de nieuwe algemene voorwaarden van ICT via onderstaande links bekijken, downloaden, opslaan en printen. Voor vragen kunt u zich wenden tot de afdeling Legal via  +31889082000.

ICT Group acquires high tech solutions and passes the milestone of 1,000 professionals

ICT Group N.V. (ICT) announces that it has signed a share purchase agreement to acquire 100% of the shares of High Tech Solutions B.V. (HTS), a Dutch based high technology automation services provider. The company was founded in 2006 and currently employs around 25 professionals on a HBO / academic level. HTS brings a customer set that is highly complementary to ICT. The acquisition supports ICT’s growth ambitions. High Tech Solutions is a well-respected industrial automation project and services provider. The company is located in Apeldoorn and delivers consultancy services in different markets like Telecom, Healthcare, Defence Security and High Tech Manufacturing. HTS realises profitable revenues of around EUR 2.5 million per annum. With this acquisition ICT passes the mark of 1,000 employees. Commenting on the closing, Jos Blejie, CEO of the ICT Group, stated: “We are pleased with the acquisition of High Tech Solutions. Although a niche player, HTS is bringing new, well respected, clients and specialised industry knowledge to the ICT Group. We warmly welcome our new colleagues and are proud to pass the milestone of 1,000 professionals. For many years HTS and ICT have worked together and both companies acknowledge that there is a clear cultural fit between the two companies. HTS will work closely together with ICT’s Machine & Systems business unit. The founders of HTS will remain involved until the end of 2018. The purchase consideration will be paid in cash. Further financial details will not be disclosed.

‘Iedereen praat erover; wij doen het gewoon!’ – Publicatie ICT Group in MT500

Met bijna veertig jaar ervaring is ICT Group een toonaangevende speler in Nederland, vooral als het gaat om industriële automatisering. ICT wil de wereld met haar oplossingen een beetje slimmer maken. “Waar anderen nog nadenken en ontwerpen, kunnen wij de softwareoplossingen al leveren.” Zo begint het artikel dat vandaag is verschenen in MT500 (pag. 137) en op CStories.nl. MT500 De MT500 is het jaarlijkse verslag van een onderzoek naar het imago van Nederlandse bedrijven onder managers, beslissers en leidinggevenden. Het onderzoek werd dit jaar voor de zeventiende keer uitgevoerd. Het vond plaats in december 2016. Kenmerkend voor de aanpak van de MT500 is de peer-to-peerbeoordeling: respondenten vellen alleen een oordeel over bedrijven die actief zijn in hun eigen branche CStories Cstories.nl biedt ruimte aan business- en opinionleaders om hun verhaal te doen. Business Stories die op dit platform verschijnen gaan over visie, strategie, succes, ambities, inspiratie, verantwoordelijkheid, ondernemen, investeren, veranderingen, nieuwe ontwikkelingen, innovaties, mergers & acquisitions, de nieuwste toepassingen, oplossingen, producten, diensten en veel meer. Je kunt het artikel ook lezen in deze pdf file: MT500 2017.

Q1 2017 results: CONTINUED GROWTH IN REVENUE AND EBITDA

Key developments:

  • Revenue in Q1 up 21% to € 25.6 million (Q1 2016: € 21.1 million)
  • Organic revenue increase of 7%.
  • EBITDA increased by 27% to € 2.8 million (Q1 2016: € 2.2 million).
  • Integration of Nozhup accomplished

Key figures

(in € millions) Q1 2017 Q1 2016 Δ
Revenue 25.6 21.1 + 21%
EBITDA 2.8 2.2 + 27%

Jos Blejie, CEO of ICT Group N.V.: “We have started the year 2017 in line with expectations across all our business segments, resulting in revenue and profitability growth in the first quarter compared with the first quarter of 2016. During the first three months we focused on the completion of the integration of Nozhup to be able to immediately reap the benefits of this acquisition. We continue to be committed to the execution of the company strategy, in which gaining market share and investments in new technologies and business solutions are key. Given the current positive economic circumstances we reiterate that we expect a further growth in both revenue and profitability for the full year 2017 versus 2016.”

Financial developments

Revenue in the first quarter of 2017 increased to € 25.6 million compared to € 21.1 million in the first quarter of 2016. Organically, excluding Nozhup and 1 month BMA (consolidated as from February 2016), revenue grew 7%. Due to the acquisition of Nozhup the segment ICT Netherlands increased substantially. Overall the markets ICT operates in continued their positive development this first quarter of 2017. In Q1 2017 ICT made further progress in the execution of its strategy with the completion of the integration of Nozhup into the ICT Netherlands organisation. All ICT subsidiaries recorded positive results. EBITDA came in at € 2.8 million in the first quarter, compared with € 2.2 million in the same period of 2016.

Strategic themes

ICT has made clear choices in terms of growth. ICT focuses on the themes Smarter Industries, Smarter Cities and Smarter Health. Within these themes ICT delivers the highest added value to its customers. As Nozhup’s activities are focussed on Smarter Industries and Smarter Cities, in these areas more growth was realised this first quarter of 2017 than in Smarter Health.

Revenue split per theme (in € millions) Q1 2017 Q1 2016 Δ
Smarter Industries 15.4 13.2 + 17%
Smarter Cities 6.1 4.4 + 39%
Smarter Health 2.5 2.3 + 9%
Other 1.5 1.3 + 15%
Total revenue 25.6 21.1 + 21%

ICT Group completes integration of Nozhup

In September 2016 ICT Group acquired Nozhup, thereby gaining significant scale in the industrial automation market. Nozhup is consolidated for the full quarter in the segment ICT Netherlands. As part of the integration process of Nozhup into ICT a legal merger took effect at the end of March 2017.

Outlook

ICT’s management reiterates the outlook given at the annual results announcement in March. ICT will continue to focus on the further leveraging of the strategic platform it has successfully built over the past years, aimed at organic growth combined with acquisitions. The goal of the acquisition strategy is to achieve strong positions in each of ICT’s three main themes. Overall, the markets in which ICT is active are developing positively from a demand perspective, although some markets do remain challenging. ICT expects its capital expenditures and research & development expenditures for 2017 to grow in line with the increased scale of the company. The tight labour market remains a potential bottleneck, and attracting and retaining the right people continues to be one of our key priorities. Based on the above, ICT expects further growth in revenue and EBITDA in 2017 compared to 2016.

Press release: Full Year Results 2016 ICT GROUP NV

ICT REPORTS REVENUE INCREASE OF 25%, WITH A 44% HIGHER EBITDA

Accelerated execution of strategy drives strong results

Highlights FY 2016

  • Revenue up 25% to € 89.7 million, 8% organic growth
  • EBITDA increased 44% to € 10.3 million, organically EBITDA was up 5%
  • The recent acquisitions contributed considerably to the growth in revenue and results
  • The net result came in at € 5.0 million, a 41% increase compared to 2015
  • Proposed dividend of € 0.33 per share for the year 2016

Highlights Q4 2016

  • Revenue up 32% to € 26.6 million, EBITDA increased 74% to € 4.0 million
  • Organically revenue and EBITDA growth was in line with the full year growth; consolidation of Nozhup and BMA significantly contributed to the group’s Q4 results

Outlook

  • ICT expects a further growth in revenue and EBITDA for 2017 compared to 2016

Key figures

Jos Blejie, CEO of ICT Group N.V.: “2016 has been a good year in which we have made many steps in the execution of our strategy. We continued with a clear focus on what we try to accomplish every day; making the world a bit smarter with our technologies and skills. We further shaped the company into an even more customer centric organisation, which translated into healthy organic growth of 8%. With the acquisitions of the past year, we have further strengthened our position in our three main themes; Smarter Industries, Smarter Cities and Smarter Health. In 2016 we continued to challenge innovation and entrepreneurship. With success. A range of new business development initiatives were originated. We will continue to invest substantially in new technologies and the development of new solutions. We defined our strategy in 2015, delivered on an accelerated execution in 2016, and are excited to continue our successful strategy and further build on our strong foundation in 2017.”

Strategy update

Progress in 2016 In 2016, ICT made significant further progress in the execution of its strategic road map. The company completed the transition to a more customer centric business unit structure. ICT combined its strong organic development with growth through acquisitions. In the beginning of 2016 ICT completed the purchase of 51% of the shares of BMA, a leading Dutch Healthcare software company active in the domain of obstetrics. This transaction further enhanced ICT’s position in the field of Smarter Health. At the end of the first half year of 2016, ICT acquired the water related activities of Dynniq and in September ICT acquired Nozhup, active in industrial process automation in industry and public infrastructure. With these acquisitions, ICT is well on track to deliver on its ambition to become one of the largest Industrial Technology players in the Netherlands, serving the global themes Smarter Industries and Smarter Cities. The Polish operations had not reached the necessary scale to continue to make the operation viable. Therefore the ICT Poland operations were closed with effect from 31 May 2016. ICT’s focus on a single nearshoring entity supported the considerable growth of Strypes Bulgaria. Initiatives to spark entrepreneurship in the organization have led to multiple initiatives originated at all levels and business units in the organization. A number of these have the potential to grow to viable business propositions, such as ICT Mobile, which bundles the latest mobile technologies in the Mobile Enterprise App Platform. ICT’s focus on new business development is also reflected by the commitment to invest 1.5% of revenue in R&D. The investments, geared towards all kind of new technologies in new product market combinations, are vital to the company’s future success. The change of the statutory name from ICT Automatisering N.V. to ICT Group N.V., was adopted by the AGM in May 2016. The new name better reflects the clear focus and the international character of the company. Focus in 2017 ICT aims to obtain a leading position in each of the three defined themes. To support the transition from a leading software integrator to a total technology and service provider, ICT furthermore strives to increase its higher value added revenue from projects as well as from services and licences. Moreover, ICT has the ambition to serve its international customers, also outside the Netherlands. An ambition that will gradually be pursued in its growth strategy. Nozhup will be fully, legally and operationally, integrated within the ICT Netherlands organisation. The integration is expected to be completed by the end of 2017. Raster and BMA will continue to operate under their own label, like Improve, of course in close collaboration with the group. Integration of processes and uniform systems will stimulate this collaboration and will increase efficiency. In terms of Research & Development and technology, ICT continues its path towards the next professionalization level, focused on digital transformation. Furthermore ICT is and will continue to invest in ‘Wellbeing at work’. This includes intellectually challenging assignments, better work places and the simplification of administrative tasks. As the battle for talent continues, attracting and retaining our people remains one of our key priorities.

Notes to the results

Revenue In 2016, ICT Group’s revenue came in at € 89.7 million, 25% higher than the € 71.8 million reported in 2015. Organically, revenue increased by 8% and 17% of growth was driven by the recent acquisitions Raster, BMA and Nozhup. Organic growth was driven by the increase in the number of FTEs, higher average rates and improvements in a number of markets in which ICT is active. Revenue at ICT Netherlands increased 13% to € 69.0 million in 2016, from € 61.0 million in the previous year. This includes four months of revenue from Nozhup, as this activity was consolidated in ICT Netherlands from September onwards. Organically, ICT Netherlands recorded 7% higher revenues. Nozhup is meeting expectations and is making a clear contribution to ICT Netherlands’ profitability. In 2016, ICT Netherlands managed to realise 2% higher average rates. Productivity levels and licences and materials sales were more or less unchanged compared to the previous year. The conditions on the Dutch industrial market were favourable last year, which was reflected in the solid performance of the ICT business units active in this market. The public infrastructure sector saw a lot of activity in 2016 and ICT was able to benefit from this and record strong results. ICT realised healthy growth in the Healthcare segment and sees plenty of opportunities for continued growth in this market. With the recent acquisition of BMA, ICT has clearly strengthened its position in this market. Strypes Bulgaria (“ICT Nearshoring”) saw its revenues increase 33% to € 7.6 million in 2016, from € 5.7 million in 2015. Strypes has more than doubled its employee numbers since ICT acquired the company in early 2015, and has broadened its customer base by gaining a number of new clients. To be able to manage this increase in size and to ensure continued and sustainable strong growth, in 2016 Strypes invested in the professionalization of the organization, including quality controls. These investments, which will continue in 2017, are already paying off, as Strypes was able to increase its profitability substantially in the second half of the year compared to the first half. This resulted in an EBITDA increase of 5% to € 1.7 million for the full year 2016. The segment ‘Other’ recorded revenues of € 14.3 million in 2016 (2015: € 6.2 million). Raster is delivering on target, despite the continuing difficult market conditions in the oil & gas industry in 2016. Their niche position, high quality standards and direct client relationships make them resilient in these challenging market circumstances. Improve performed well, in line with last year. In 2015, Improve achieved a substantial improvement in performance and the company was able to maintain its results at this level in 2016. After a challenging first half of the year, in which BMA performed below expectations as a result of postponed projects, the second half of 2016 saw a recovery in results. The Dutch market is a declining market, as the number of hospitals is declining due to a number of mergers. However, BMA developed a new generation of software to facilitate international expansion, as this new generation software is easier to connect to different protocols in different countries. BMA is in a strong position for this international expansion. ICT Poland was closed down in the first half of 2016. On balance, the five months of revenue from ICT Poland was offset by the costs of closing down the operation. Costs/ personnel expenses In 2016, personnel costs increased by 20% to € 52.0 million (2015: € 43.5 million), as a result of the marked increase in the number of employees and a modest increase in salaries. Other operating expenses increased by 14%, mainly as a result of the recent acquisitions. In 2016, ICT invested in office accommodation, marketing & sales and its financial reporting & human resources processes, with investment levels similar to those in 2015. The HR investments focused primarily on improving the HR processes at the companies ICT has acquired over the past two years. In addition, ICT invested more heavily in recruitment last year. The costs related to strategic initiatives and the realisation of acquisitions and partnerships amounted to € 0.5 million (2015: € 0.6 million). EBITDA EBITDA for the full year 2016 increased by 44% to € 10.3 million, compared to € 7.1 million in 2015. Organically, EBITDA was up 5%, with ICT Netherlands and Strypes Bulgaria both recording higher EBITDA compared to 2015. The overall EBITDA margin increased to 11.5% in 2016 from 9.9% in 2015. Amortisation and depreciation 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 € 2.3 million in 2016, comprising € 0.7 million related to Strypes Bulgaria, € 0.6 million to Raster and € 0.6 million to BMA. For Nozhup, the annual amortisation will be € 0.4 million. Depreciation amounted to € 0.6 million in 2016 (2015: € 0.5 million). Operating profit amounted to € 7.4 million in 2016 (2015: € 5.3 million). The operating margin was 8.2%, compared to 7.4% in 2015. The results from joint ventures and associates InTraffic was more or less in line with last year and contributed € 0.2 million to the results. LogicNets performance improved significantly in 2016, as revenues from the platform doubled and the losses were halved in 2016 compared to 2015. Last year, we saw the completion of the development of the platform into a standardised solution, which has improved the marketability of the software platform. LogicNets won a number of reputable new customers. Despite the improvements on all key parameters, LogicNets is still lagging its original ambitious plans. ICT therefore decided to take an impairment on its stake in LogicNets in the fourth quarter of 2016. The downward valuation of LogicNets, including our share in the loss, amounted € 0.6 million. The book value of LogicNets per year-end 2016 amounted to € 0.5 million. In 2016, ICT issued loans to start-up company CIS Solutions, a selling agency (for LogicNets and Internet of things solutions) in Germany. As the company is not yet profitable, the loans have been devalued by € 0.4 million in accordance with IFRS requirements. The book value of the loans was € 0.2 million as per year end 2016. The total result from joint ventures and associates amounted to a loss of € 0.8 million (2015: € 0.3 million loss). Interest expenses increased to € 0.5 million in 2016, from € 0.3 million in 2015, as a result of increased financing for the recent acquisitions, as well as the accrued interest on the deferred acquisition consideration for the remaining 49% of BMA. In July 2016, ICT extended its acquisition credit facility with Rabobank to € 11 million from € 6 million. Additionally, ICT increased its working capital credit facility to € 10 million from € 6 million. The conditions of the facilities remained unchanged. Taxes In 2016, corporate income taxes related to the continuing business activities amounted to € 1.7 million, compared with € 1.1 million in 2015. ICT finalised the liquidation of ICT Germany in 2016. In 2014, ICT recognised a deferred tax liability related to the liquidation of ICT Germany. Given that the German activities were officially liquidated in Q4 2016, and the liability no longer exists, this liability has now been released. As a result, taxes from discontinued operations for 2016 amounted to a credit of € 0.8 million. Net profit for the full year 2016 amounted to € 5.0 million, compared with € 3.6 million in 2015, an increase of 41%. This translates into earnings per share of € 0.56 for 2016 (2015: € 0.41). The number of outstanding ordinary shares had increased to 9,288,309 at year-end 2016 (31 December 2015: 8,747,544) due to shares issued as purchase consideration on acquisitions in 2016.

Cash flow movement

The group cash (and cash equivalents) position amounted to € 5.6 million at year-end 2016, compared to € 6.7 million at year-end 2015. The cash flow from operating activities amounted to € 5.1 million positive in 2016 (2015: € 6.1 million positive). The higher cash income from operating activities was more than offset by the higher income tax paid. Cash flow from investment activities amounted to € 8.4 million negative, compared to € 11.8 million negative cash flow in 2015. The largest impact on the cash flow from investment activities in 2016 came from the net investments less cash acquired related to the acquisition of BMA and Nozhup (€ 6.3 million) and investments in office accommodation (€ 1.1 million). Cash flow from financing activities amounted to € 2.2 million positive (2015: € 1.0 million positive), as a result of the net effect of dividend paid (€ 2.3 million), the payment of the earn-out obligation related to the acquisition of Strypes Bulgaria (€ 1.6 million) and the use of acquisition financing (€ 6.2 million cash inflow) related to the acquisition of BMA and Nozhup. The net cash flow amounted to € 1.1 million negative (2015: € 4.7 million negative).

Balance sheet structure

As a result of the net effect of the payment of dividend of € 2.3 million, the issuance of € 5.4 million in new shares related to the acquisition of BMA and Nozhup, and net profit of € 5.0 million, shareholders’ equity increased to € 43.7 million in 2016 (2015: € 35.5 million). The balance sheet total has increased to € 79.2 million at year-end 2016, from € 58.2 million at year-end 2015, as a result of the acquisitions made last year. Solvency (shareholders’ equity/total assets) stood at 55% at year-end 2016, compared with 61% at year-end 2015, which represents a very sound financial basis.

Personnel

The total number of employees stood at 919 FTE’s at year-end 2016, an increase of 20%. This increase was due to both acquisitions and increased recruitment efforts.

Dividend proposal

ICT proposes a dividend of € 0.33 per share for the 2016 financial year (2015: € 0.24). The dividend payment is subject to the approval of the Annual General Meeting of Shareholders (AGM) to be held on 10 May 2017. For the calculation of the proposed dividend, the realised net profit is adjusted for the non-cash amortisation amounts and the downward valuation of LogicNets. This results in an adjusted net profit for the full year 2016 of € 7.7 million. The proposed dividend represents of € 0.33 per share represents a pay-out ratio of 40% of the adjusted net profit. ICT will offer an option for payment in cash or in shares. ICT will determine the dividend payment in shares one day after the end of the optional period on the basis of the average price of ICT shares during the last five trading days of the optional period, which shall end on 29 May 2017. The dividend will be payable, in cash or in shares, on 7 June 2017.

Outlook

In 2017, ICT will continue to focus on the further leveraging of the strategic platform it has successfully built over the past years, aimed at organic growth combined with acquisitions. The goal of the acquisition strategy is to achieve strong positions in each of ICT’s three main themes. Overall, the markets in which ICT is active are developing positively from a demand perspective, although some markets do remain challenging. ICT expects its capital expenditures and research & development expenditures for 2017 to grow in line with the increased scale of the company. The tight labour market remains a potential bottleneck, and attracting and retaining the right people continues to be one of our key priorities. Based on the above, ICT expects further growth in revenue and EBITDA in 2017 compared to 2016. Cautionary statement This press release contains forward-looking statements. Forward-looking statements are always based on assumptions and estimates relating to uncertain events over which ICT Group N.V. has no control. They concern, for example, measures taken by the Dutch and other governments, currency movements, price fluctuations, changes in law and regulations, legal precedents and market developments. ICT Group N.V. would like to stress that the contents of this press release are based on the information that is currently available. The reality can always deviate from expectations for the future. ICT Group N.V. has no obligation to update the statements contained in this document, unless required by law. In this press release, where information has been presented in thousands or millions of units, amounts may have been rounded. Accordingly, totals of columns or rows of numbers in tables or charts may not be equal to the apparent sum of the individual items. Actual numbers may differ from those contained herein due to such rounding. 2016 financial information The 2016 financial information included in the Extracts from Consolidated Financial Statements attached to this press release is derived from the Annual Report 2016, that has been authorized for issue. The Annual Report has not yet been published by law and still has to be adopted by the Annual General Meeting on 10 May 2017. In accordance with section 393, title 9, book 2 of the Netherlands Civil Code, Deloitte Accountants B.V. has issued an unqualified auditor’s opinion on the Annual Report. Annexes: Extracts from Consolidated Financial Statements 2016 – Consolidated statement of total comprehensive income – Consolidated balance sheet – Consolidated statement of changes in equity – Consolidated statement of cash flows – Other financial information – Segment information Click here to download the Annex of the Annual Results of 2016

NS selecteert ICT Group voor Manufacturing Execution System bij NedTrain

ICT Group is door NS geselecteerd voor de levering van een Manufacturing Execution System (MES) bij NedTrain in Haarlem. NedTrain, onderdeel van NS, verzorgt de revisie en onderhoud van treinstellen op de locatie in Haarlem. NedTrain moderniseert het wielstellenproces door de bouw van een nieuwe duurzame productiehal, een nieuwe productielijn, een nieuw productiemachinepark en toepassing van een IT-systeem (MES) voor real-time productiebesturing van alle machines en transportsystemen. Om te voldoen aan steeds strengere wetgeving op het gebied van spoorveiligheid worden alle gegevens uit het revisieproces in MES opgeslagen en beheerd. ICT Group ontwikkelt het MES op basis van de AspenTech AspenOne software. De geleverde oplossing bestaat uit hardware en software en een applicatie op mobiele barcodescanners voor het bedienend productiepersoneel. Een meerjarig onderhoudscontract maakt deel uit van de opdracht. De invoering van MES bij NedTrain moet leiden tot een efficient ‘lean’ productieproces (Manufacturing Excellence) en een verhoging van de kwaliteit. Het is de bedoeling dat deze nieuwe productiefaciliteit medio 2017 klaar is. De totale revisiecapaciteit van de nieuwe hal komt straks neer op 3.000 wielstellen per jaar. Na vakkundige revisie kunnen de wielen weer zo’n 1,2 miljoen kilometer mee.

ICT Group N.V.: Verdere toename van de omzet en hogere winst over het derde kwartaal

Voornaamste ontwikkelingen: Derde kwartaal 2016

  • Omzet in derde kwartaal gestegen met 23% naar € 21,0 miljoen (derde kwartaal 2015: € 17,1 miljoen), autonome omzetstijging 5%.
  • Een EBITDA van € 2,1 miljoen in derde kwartaal (derde kwartaal 2015: € 1,7 miljoen).
  • Overname van Nozhup afgerond op 6 september 2016.

Resultaten 2016 tot dusver

  • In de eerste negen maanden van 2016 is de omzet gestegen met 22% naar € 63,1 miljoen (YTD 2015: € 51,7 miljoen), autonome omzetstijging 7%.
  • De EBITDA bedroeg over de eerste negen maanden € 6,3 miljoen (YTD 2015 € 4,8 miljoen), een stijging van 30%.
  • ICT bevestigt een verwachte verbetering van de EBITDA van 25%-35% voor het gehele jaar 2016 ten opzichte van 2015.

Kerncijfers

(in miljoenen €) Q3 2016 Q3 2015 YTD 2016 YTD 2015
Omzet 21,0 17,1 23% 63,1 51,7 22%
EBITDA 2,1 1,7 27% 6,3 4,8 30%

Jos Bleije, CEO van ICT Group N.V.: “De positieve trend van de eerste helft van 2016 heeft zich in het derde kwartaal voortgezet. We zien een sterk gestegen omzet, zowel door autonome groei als door onze succesvolle overnamestrategie, waarbij alle dochterondernemingen hebben bijgedragen aan de groei. Onze meest recente overname, Nozhup, versterkt onze positie in de markt van industriële automatisering en is vanaf 1 september verwerkt in onze cijfers. Onze winstgevendheid toont een continue verbetering. Daarnaast hebben we gedurende de afgelopen maanden een aantal belangrijke opdrachten binnengehaald. Op basis van deze ontwikkelingen bevestigen we onze verwachting van een verbetering van onze EBITDA van tussen de 25 en 35% over het gehele jaar 2016.” Financiële ontwikkelingen De omzet over het derde kwartaal van 2016 is gestegen naar € 21,0 miljoen in vergelijking met € 17,1 miljoen in het derde kwartaal van 2015. Tijdens het derde kwartaal, dat doorgaans lagere resultaten toont ten gevolge van de vakantieperiode, bedroeg de autonome groei van de omzet 5%. Alle dochterondernemingen van ICT hebben bijgedragen aan deze groei. De omzet over de eerste negen maanden van 2016 bedroeg € 63,1 miljoen in vergelijking met € 51,7 miljoen over dezelfde periode vorig jaar; de stijging wordt ondersteund door een autonome groei van 7%. Binnen ICT Nederland was de productiviteit tijdens het derde kwartaal vergelijkbaar met die van hetzelfde kwartaal vorig jaar. ICT verhoogde echter de gemiddelde tarieven en realiseerde hogere resultaten van zijn projecten, met als gevolg een hogere omzet. De omzet van Strypes Bulgaria steeg in vergelijking met het derde kwartaal van vorig jaar. Ook de andere recente overnames presteerden goed, in lijn met de verwachting. De cijfers omvatten tevens voor de eerste keer de resultaten van één maand van Nozhup. De EBITDA bedroeg € 2,1 miljoen over het derde kwartaal, vergeleken met € 1,7 miljoen over dezelfde periode van 2015. Tijdens de eerste negen maanden van 2016 steeg de EBITDA tot € 6,3 miljoen (€ 4,8 miljoen over de eerste negen maanden van 2015). Zowel de recente overnames, de toename van het personeel, de licht gestegen gemiddelde tarieven, als de goede projectresultaten hebben bijgedragen aan deze verbetering. Tegelijkertijd zijn de dubbele groeicijfers in Bulgarije ondersteund door verdere investeringen in kwaliteitscontrole en professionalisering van de organisatie. Overname van Nozhup Op 6 september 2016 heeft ICT de overname van 100% van de aandelen van Nozhup afgerond. Met deze overname verkrijgt ICT een belangrijk aandeel in de markt van industriële automatisering. De overname betekent bovendien een aanzienlijke verbreding van het klantenbestand van ICT, evenals het scala aan activiteiten in deze markt. De overname is gerealiseerd door een combinatie van contante betaling en aandelen in ICT. Het aandelenkapitaal is per 9 september 2016 verwaterd met 443.058 aandelen. Over een heel jaar genomen zal de overname zorgen voor een substantiële winst per aandeel. Uitbreiding van kredietfaciliteiten Vooruitlopend op de overname van Nozhup heeft ICT de kredietfaciliteit voor overnames bij de Rabobank in juli 2016 verhoogd van € 6 miljoen naar € 11 miljoen. Daarnaast heeft ICT zijn kredietfaciliteiten voor werkkapitaal uitgebreid van € 6 miljoen naar € 10 miljoen. De voorwaarden van de faciliteiten zijn niet gewijzigd. Vooruitzichten ICT blijft streven naar autonome groei in combinatie met groei door overnames en blijft daarbij nadruk leggen op het optimaal benutten van de recente overnames. In het licht van de reeds gerealiseerde strategische vooruitgang en zijn overnames bevestigt ICT zijn verwachting voor het gehele jaar 2016 van een verbeterde EBITDA van tussen de 25% en 35% in vergelijking met het gehele jaar 2015.