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The organic growth for this period (1 January-30 June 2005) is 36%, which is well above the growth rate of the IT services market. International activities (from countries outside of France) accounted for 27% of the consolidated sales revenue for the six month period.
The first half of the year was marked by a high level of sales activity in the subsidiaries from France and Europe and also saw an increase in sales orders from all market sectors. Business & Decision's reputation as a French and European leader in Business Intelligence (which represents two-thirds of the Group's activities) and as a specialist in CRM and E-Business (where the Group is seen as a leading integrator), ensures that they are well positioned to work within enterprise accounts in France, the UK, Benelux and Switzerland.
"Our reputation within enterprise accounts has helped increase our volume of sales, our average sales order value and also our frequency of sales" commented Patrick Bensabat, Chairman of Business & Decision.
Over 1,000 Employees
With a significant increase on expectations, the Business & Decision Group now how over 1,000 employees: 700 employees in Paris, 200 employees in French regions (through regional subsidiaries) and approximately 300 employees throughout the rest of Europe (including approximately 100 employees in both the UK and Benelux).
Business & Decision plan to recruit over 100 new consultants during the second half of 2005.
A strategy of targeted acquisitions to support growth in 2006
Business & Decision has adhered to their strategy of external growth through targeted acquisitions. In April, the Group acquired Nexhos (a company based in Benelux who specialise in Business Intelligence), in May Domino Systems was acquired (a company based in the UK who provide innovative Web based solutions) and in June the Group acquired Metaphora (a company based in France who specialise in change relating to the implementation of new IT platforms - 16% of Metaphora's capital remains listed on Euronext Paris' Marche libre).
These acquisitions are expected to account for approximately €7.5million of sales revenue during 2005, and will impact the Groups performance during the second half of 2005.
"Looking at our recorded results for the first half of 2005 and the number of orders we have in our pipeline, we expect to reach our target of €100million in 2006 and this will have a positive impact on our profit margins. We hope to reach a sales turnover of €150million by 2008", concluded Patrick Bensabat.
Awards from partners
Cognos, world leader in business intelligence and corporate performance management (CPM), honored Business & Decision for excellence in performance management, with 2004/2005's Top reseller award. Business & Decision was presented with Gold Partner Award by SAS, the market leader in business intelligence and business analytics.
About Business & Decision - www.businessdecision.com
Founded in 1992, Business & Decision is an International consulting and Systems Integration company specializing in Business Intelligence, Customer Relationship Management (CRM) and E-Business. The Group works with clients to implement systems that aim at driving business functions and performance (dashboards, reporting, consolidation etc.); help in customer relationship management (sales force automation, call centers, campaign management, analytical CRM); and assist in E-Business (intranet and extranet portals, directories and Meta directories, e-commerce, knowledge management, Open source technologies, etc.). With more than 2,800 employees worldwide, Business & Decision has developed a "complete project" approach that spans from consulting to implementation. The Group has a reputation for its functional and technological expertise and has forged partnerships with all of the key technology vendors. At present, Business & Decision has more than 1,200 clients.
Business & Decision has been listed on the Euronext Paris since February 2001 (compartment B / Isin code: FR 00000 7895 8 / Symbol: BND). Business & Decision is listed in the NextEconomy segment and in the IT-Cac (technology market). For more information, visit: http://www.businessdecision.com/
Press Contact at Business & Decision
Investor relations
Pauline Cieutat - pauline.cieutat@businessdecision.com
Tel: +33 1 56 21 21 20
Fax: +33 1 56 21 21 22