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(GNSY.LN) GENESYS CONFERENCING annuncia i ricavi del 2007 e conferma l'obiettivo di EBITDA 2007
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Vienna, Virginia, e Montpellier, Francia - 12 febbraio 2008 - Genesys Conferencing (Euronext Eurolist: FR0004270270), società globale leader nella collaborazione multimediale, annuncia oggi ricavi (non certificati) per il quarto trimestre e l'esercizio al 31 dicembre 2007 in conformità con i principi contabili internazionali (IFRS).
Ricavi e Volume
Nel trimestre al 31 dicembre 2007, i ricavi consolidati registrano un aumento del 9,5% a 38,5 milioni di euro rispetto ai 35,2 milioni di euro nell'esercizio precedente. Il volume totale e il volume di Genesys Meeting Center nel quarto trimestre sono aumentati rispettivamente del 31,6% e del 33% rispetto al quarto trimestre 2006.
For the fiscal year ended December 31, 2007, consolidated revenue was 148.3 million euros, an increase of 4.8% compared to 141.6 million euros for the prior year period. Total volume for fiscal year 2007 grew 29.7% to a record of three billion minutes. Over 95% of total minutes were generated by Genesys Meeting Center services, the company's proprietary multimedia collaboration platform. Genesys Meeting Center volume increased 31.6% in 2007 as compared to 2006.
Revenue for the year was slightly higher than the previously announced target range of 147 million euros to 148 million euros primarily due to continued strong demand for the company's multimedia collaboration services by large multinational enterprises. Fourth quarter and full-year 2007 Genesys Meeting Center revenue grew by 11.3% and 7.3%, respectively, compared to 2006.
Fourth quarter and full-year 2007 revenue also benefited by additional revenue related to the company's Chinese operations. Under IFRS accounting rules related to jointly-controlled operations, the company recorded additional revenue of approximately 0.7 million euros as well as additional costs of approximately 0.7 million euros in China. The net impact of these items on the company's expected 2007 EBITDA was minimal.
"Our strong performance is the result of Genesys (Parigi:
FR0004270270 - notizie) ' commitment to design, implement and execute initiatives essential for being a leader in providing large, multinational companies with an exceptional multimedia conferencing and collaboration service," stated Francois Legros, Chairman and CEO. "The notable revenue and profitability growth rates we achieved in 2007 highlight strong customer loyalty and that our customers are increasingly leveraging the Genesys Meeting Center as an empowering, "always on" business tool. It also demonstrates that our leading global distribution and unique technology platform can efficiently deliver this service."
Outlook
The following contains forward-looking information regarding the company's financial outlook, based on current expectations and on the current value of the U.S. dollar to the Euro. Actual results may differ materially and the company may not update any forward-looking statements made in this press release.
For the full-year 2007, the company confirms its EBITDA1 target range of 27 million euros to 29 million euros.
Based on the expected continuation of strong Genesys Meeting Center services growth, the company has announced a 2008 revenue target range of 150 million euros to 154 million euros and a 2008 EBITDA target range of 30 million euros to 32 million euros.
Liquidity
The following information is unaudited.
As previously reported, over the past several quarters cash flow from operations has consistently grown. As a result, the company expects to report net debt2 of 4.0 million euros as of December 31, 2007. Net cash3 and total debt as of December 31, 2007, are expected to be 14.2 million euros and 18.2 million euros, respectively.
"With demand increasing for our higher-margin Genesys Meeting Center services and with our operating costs well under control in 2007, Genesys demonstrated the ability of our business model to generate a strong level of recurring cash flow," stated Andrew Lazarus, Chief Financial Officer and Executive Vice President. "Genesys ends 2007 with relatively very little leverage, improved profit margins and enhanced company value."
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1. The company believes that EBITDA is meaningful measure of performance, because it presents the company's results of operations without the non-cash impact of depreciation, amortization and stock-based compensation expense.
2. Net debt includes current and long-term portions of long-term debt and capitalized lease obligations, less net cash.
3. Net cash includes cash and cash equivalents less bank overdrafts.
Targets
According to the AMF regulations in use, targets may not be considered as forecasts. Net income may not be estimated on the basis of the above mentioned EBITDA and on the basis of non-cash expenses previously recorded.
Impact of Exchange Rates
The company serves large enterprises on a worldwide basis. As a result, it has extensive international operations and, thus, significant exposure to exchange rate fluctuations, in particular those of the U.S. dollar. In 2006, and continuing through the fourth quarter of 2007, the U.S. dollar has fluctuated compared to the euro. As a result, the comparability of the company's revenues and results of operations expressed in euros were affected.
DisclaimerThis press release may contain some statements that constitute forward-looking statements. Forward-looking statements are statements other than historical information or statements of current condition. They may appear in a number of places in this press release and include statements concerning Genesys Conferencing's intent, belief or current expectations regarding future events and trends affecting Genesys Conferencing's financial condition or results of operations. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those in the forward-looking statements as a result of various factors. Some of these factors are described in paragraph 4.5 of the Document de Référence, filed with the Autorité des marchés financiers under number D.07-551 on June 5, 2007. Although Genesys Conferencing's management believe that their expectations are reasonable based on information currently available to them, they cannot assure you that the expectations will prove to have been correct. Accordingly, you should not place undue reliance on these statements. In any event, these statements speak only as of the date of this press release. Except to the extent required by law, Genesys Conferencing undertakes no obligation to revise or update any of them to reflect events or circumstances after the date of this press release, or to reflect new information or the occurrence of unanticipated events.
Genesys Conferencing-Connecting the World for 20 Years
Founded in 1986, Genesys Conferencing is a leading provider of converged collaboration and communication services to thousands of organisations worldwide, including more than 250 of the Fortune Global 500. The company's flagship product, Genesys Meeting Center, provides an integrated multimedia conferencing solution that is easy to use and available on demand. With offices in more than 20 countries across North America, Europe and Asia Pacific, the company offers an unmatched global presence and strong local support. Genesys Conferencing is publicly traded on Euronext Eurolist C in France (FR0004270270). Additional information is available at www.genesys.com.
At Genesys Conferencing
Andrew G. Lazarus
Executive Vice President, Chief Financial Officer
Phone: +1 703-749-2500
andrew.lazarus@genesys.com
Investor Relations
Phone: + 33 4 99 13 25 87
relations.investisseurs@genesys.com
Copyright Hugin
[CN#132314]
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