Annual revenue: €82m
Angers, January 29, 2019 – Evolis, world leader in plastic card personalization and printing systems, achieved consolidated revenue of €82m for the 2018 financial year, up 2.5% (5.9% at constant exchange rates) versus 2017.
Strong upturn in business in second half 2018
Channel business grew 9.2% in fourth-quarter 2018, with revenue of €14.3m. Growth seen in third-quarter 2018 was confirmed in fourth-quarter 2018.
For the 2018 financial year, the Channel business posted revenue of €55.8m, up 3.7% versus 2017 (+6.8% at constant exchange rates). Such a performance masks the difference in business between the first and second halves of 2018. In second-half 2018, revenue grew 8.2% versus second-half 2017. Channel business grew in the EMEA region, bolstered by the Edikio solution roll-out in Europe in addition to growth in sales in the Asia-Pacific region.
Project business grew 9.8% in fourth-quarter 2018 (+17.9% at constant exchange rates). The Americas benefitted from an upturn in its banking activities, continuing the momentum started in third-quarter 2018. The EMEA region was driven by growth in Europe with the roll-out of the Edikio solution.
Full-year revenue for the Project business ended at €22m (+6.3% at constant exchange rates). Following a first-half impacted by the political and economic context
- particularly weighing on the Middle-East and Latin America
- and unfavourable exchange rates, second-half 2018 benefitted from the delivery of two important contracts: one with a large German retail chain for the Edikio solution and another in India with a system integrator.
Second half growth for Projects’ activities ended at more than 26% versus second-half 2017.
In terms of regions, all saw growth this quarter and over the financial year. In 2018, Asia-Pacific (excluding India and China) is the region that recorded the strongest growth, driven by several government and banking projects. The Americas saw growth momentum at 4.4% at current exchange rates (+10.1% at constant exchange rates) benefitting both from Projects delivered across the continent, but also from recovered second-half momentum in the Channel business in the United States. In the EMEA region, Europe stood out, propelled by Edikio, offsetting the decline in business in the Middle-East.
In January 2019, Evolis opened a subsidiary in Japan to strengthen relations with local partners and develop new partnerships.