Assystem (ASY) Q1 2025 TU earnings summary

Executive summary

• Q1 2025 consolidated revenue reached €166.3m, up 7.8% year-over-year, with 3.5% organic growth.

• International revenue grew 19.9% year-over-year, driven by UK acquisition and strong UK business momentum.

• Nuclear activities contributed 76% of total revenue; new projects in France and UK were key growth drivers.

• Client satisfaction rate reached 89% in 2024, with recognition from EDF for innovative solutions.

Financial highlights

• France revenue was €98.3m (59% of total), up 0.7% year-over-year, entirely organic.

• International revenue was €68.0m (41% of total), up 19.9% year-over-year, with 8.3% organic growth.

• Consolidation of Mactech Energy Group in the UK added 9.3% to international revenue growth.

• Currency effects contributed positively to both group and international revenue.

Outlook and guidance

• 2025 targets reaffirmed: slight organic revenue growth and stable EBITA margin expected.

• Guidance reflects ongoing economic and geopolitical uncertainties.