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2011: a solid year for Bull

Posted on 22 February 2012 by Pierre Picard

Despite the economic uncertainty, Bull recorded a good progress in revenues and operating profitability and starts 2012 with a solid growth in order intake.

In 2011, Bull has won a number of outstanding projects, emblematic of its positioning as leader of mission-critical digital systems, including Eurocontrol, the European body responsible for managing air traffic across Europe’s skies, which chose Bull to develop its strategic business applications; and delivered and installed two Petascale supercomputers: the first, Curie, to GENCI (the French National High-Performance Computing Organization) in the Paris region; and the second, Helios, at Rokkasho in Japan.

To support its customer projects, Bull Group takes on 1,000 new staff in 2012, 500 of them in France, after having taken on 1,000 new people worldwide in 2011.

Philippe Vannier, Bull’s Chairman and CEO, commented: “The implementation of our BullWay strategic plan is bearing fruit, and enabling Bull to reaffirm its medium-term objectives despite the uncertain global economic climate. The Group and its teams have clearly demonstrated their technological excellence this year, with the successful installation of two Petascale supercomputers on two different continents in record timescales: a unique achievement anywhere in the world in 2011. The Group has the resources to speed up its growth by further enhancing the synergies between its various areas of expertise.”

 

 

Key facts and figures

  • Good growth in order intake (+4.4%) and revenues (+6.4%) in Q4
  • Solid growth in full year revenues: +4.6% at €1,301 million
  • Research and Development expenditure, up 23.3% compared with 2010, are mainly focused around HPC, new-generation infrastructures for the giant ‘computing power plants’ of the Cloud, and advanced security solutions.
  • Strong improvement in EBIT: +23% to €43.7 million
  • Net income affected, exceptionally, by a partial depreciation of goodwill and intangible assets
  • Bull reaffirms its medium-term objectives

More information about Bull’s profitability


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