The Franco-German IT services group Unilog has reported net income for the year ended December 31, 1998 up 67%, at 11.3m euros ($11.96m), on revenue up 62% at 285m euros ($301.7m). At the pre-tax level, profit was up 88%, at 31m euros ($32.8m).
The group, which is quoted on the Paris stock exchange’s Second Marche, is the product of last year’s takeover by Paris-based Unilog SA of Integrata AG, the Tuebingen, Germany-based IT services group – which also has operations in Switzerland and Austria. A spokesperson for the company said that the revenue growth was in part a result of the acquisition, but that organic growth alone was over 35%.
Both the French and German parts of the merged group come from a background of consultancy and systems integration services, with Unilog Paris having also developed a training business.
The company noted, in announcing the figures, that they did not include the results of Cesia, which it acquired late last year. It added that its balance sheet, with FF137m ($22m) in cash after the Integrate takeover, is healthy enough for it to pursue further acquisitions.
