NEURONES: Organic growth up 9.5% in 2017

PRESS RELEASE
Heading: 2017 Annual Revenues
Nanterre, February 7, 2018

Organic growth up 9.5% in 2017

(in millions of euros)	2016	2017	Growth	of which organic
Revenues	446.8	485	+ 8.6%	+ 9.5%

Achievements

In an environment that is as buoyant as ever, driven by digital transformation (mobility, connected objects, big data and analytics, cybersecurity, cloud, etc.), revenue growth was up 9.5% with constant structures (up 8.6% overall, given the sales of assets during the year).

Totaling €485m, the target revenue was exceeded, despite enormous recruitment pressures.

Operating profit (*), consistent with the forecast, stood at €44.9m, i.e. 9.3% of revenues (compared with 9.3% in 2015 and 9.5% in 2016).

Net new hires offset the effect of changes in scope (5,028 employees at the year-end).

During the year, net cash and cash equivalents increased by €14.5m, standing at €153.1m at the year-end.

The final annual results will be published on Wednesday, March 7, 2018 after the stock exchange closes.

(*) currently being audited and after inclusion of the 0.3% cost of bonus shares.

Outlook

As usual, forecasts for the current year will be posted along with the Group's 1st quarter revenues.

About Neurones

With over 5,000 experts, the Neurones group specializes in Consulting (Management, Organization and Digital) and IT Services (Infrastructures and Applications). It supports its clients in their digital transformation projects and in the outsourcing of their information systems.

Euronext Paris (compartment B - NRO) - Enternext Tech 40 - DSS medium values

www.neurones.net

Press Relations: Florence Gillier Communication Sabine Grosdidier +33 (0)1 41 18 85 55 sabineg@fgcom.fr

Neurones Matthieu Vautier +33 (0)1 41 37 41 37 rp@neurones.net

Investor Relations: Neurones Paul-César Bonnel +33 (0)1 41 37 41 37 investisseurs@neurones.net

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