SOURCE: FIMALAC

April 29, 2011 07:01 ET

FIMALAC: First Half Revenue (October 2010 - March 2011)

PARIS--(Marketwire - Apr 29, 2011) -

REVENUE:
2nd quarter FY 20111st half FY 2011
As reported+ 22.0%+ 21.1%
Like-for-like+ 19.6%+ 12.3%

FIMALAC's consolidated revenue for the first half of fiscal 2011 (October 1, 2010 to March 31, 2011) amounted to EUR 341.5million, representing an increase of 21.1% on a reported basis.

It primarily comprised revenue from Fitch Group (EUR 329.8 million), which rose by 16.9% as reported and by 12.3% like-for-like over the period:



(in EUR millions)
Six months ended
March 31, 2010
Six months ended
March 31, 2011
% Change
(reported)
% Change
(like-for-like)*
Fitch Ratings230.0263.8+ 14.7%+ 10.2%
Algorithmics52.166.0+ 26.7%+ 21.3%
Fitch Group282.1329.8+ 16.9%+ 12.3%
Other--11.7N/AN/A
Consolidated revenue282.1341.5+ 21.1%+ 12.3%

*Based on a comparable scope of consolidation and at constant exchange rates

Fitch Ratings reported strong growth in second quarter revenue, with a 17.4% like-for-like gain. For the first half, revenue came to EUR 263.8 million ($359.6 million), compared with EUR 230 million ($328.8 million) in the year-earlier period, or an increase of 14.7% as reported and of 10.2% like-for-like.

Algorithmics enjoyed sustained revenue growth in the second quarter, with a 29.1% like-for-like increase building on the first quarter's already robust expansion. Over the entire first half, revenue came to EUR 66 million ($90 million), compared with EUR 52.1 million ($74.5 million) in the year-earlier period, or an increase of 26.7% as reported and of 21.3% like-for-like.

Consolidated revenue also includes revenue from Vega, France's leading operator of concert halls, sports venues and conference centers, which was acquired in November 2010.

CA1S1011: http://hugin.info/143461/R/1510543/445651.pdf

Contact Information

  • Contact:
    FIMALAC
    0033 1 47 53 61 50