Q1 trading update for the three months ended 30 June 2012
RealDolmen, the independent single source ICT solutions provider, announces its trading update for the first three months ended June 2012.
Highlights
- 0.7% year-over-year increase in service turnover in the first quarter reflecting a sound growth in Belgium offset by weakening revenue in France.
- 48.4% year-over-year decrease in products turnover following an exceptionally strong Q1 2011
- 17.4% year-over-year decrease in total turnover in the first quarter
Bruno Segers, Chief Executive Officer of RealDolmen, commented:
"Our single source model focused on the mid-market proves to be more resilient to the negative economic environment. This is proven by the services growth of our Belgium operations where the breadth, the quality and the scale of our offering is most developed. Our French operations are, given their size and in a business where effects of scale matter, more directly impacted by a weakening economic environment. The focus on the public sector in France is also a disadvantage during an election year. Even if we will not be in a position to demonstrate organic revenue and margin growth during this year, we are confident that we are well positioned to strengthen our position of market leader in Belgium and Luxemburg."
