Bull has reached its EBIT target one year ahead of schedule
- Order intake increased by 7.7% in 2012, thanks to a leap of 20% in the final quarter across all the Group’s Business Lines and the award of several large multi-year contracts;
- Revenues for the year registered a small decline of 1.2%;
- EBIT up 16.2% compared with 2011. The BullWay 2013 plan aimed at repositioning the Group in high added-value markets and focusing on operational efficiency paid off, driving an 84% increase in EBIT over three years;
- Net income (Group share) totalled €26.6 million in 2012, compared with a loss of €16.5 million in 2011;
Philippe Vannier, Bull’s Chairman and CEO, commented: “I am delighted with the Group’s firm performance in 2012, which confirms the relevance of the strategic course mapped out at the end of 2010 in the BullWay 2013 plan. Bull has reached our EBIT target one year ahead of schedule. Despite the challenging environment beset by uncertainty, EBIT came in 84% above its 2009 level. The Group further strengthened its presence in cloud computing, supercomputers and security and is also highly proficient in technologies that will be game-changers in years to come. Our ambition is to continue to grow profit and win market share.”
The Group has confirmed its EBIT objectives for 2013. It is targeting EBIT of between €50 and €60 million, with revenue growth 50% above that of the market at large.
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