PARIS--(Marketwire - Apr 29, 2011) -
| REVENUE: | |
| | | | |
| 2nd quarter FY 2011 | | 1st 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 Ratings | | 230.0 | | 263.8 | | + 14.7 | % | | + 10.2 | % |
| Algorithmics | | 52.1 | | 66.0 | | + 26.7 | % | | + 21.3 | % |
| Fitch Group | | 282.1 | | 329.8 | | + 16.9 | % | | + 12.3 | % |
| | | | | | | | | | |
| Other | | -- | | 11.7 | | N/A | | | N/A | |
| | | | | | | | | | |
| | | | | | | | | | |
| Consolidated revenue | | 282.1 | | 341.5 | | + 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