FIMALAC
Paris : FIM

October 26, 2011 12:43 ET

FIMALAC : Fiscal revenue 2010/2011

PARIS--(Marketwire - Oct 26, 2011) -


  * Up 11.9% on a reported basis
  * Up 9.4% like-for-like*

Fimalac reported revenue of EUR545.1 million for fiscal 2011 (October 1, 2010 to September 30, 2011) versus EUR487.3 million for the previous fiscal year, representing an increase of 11.9% on a reported basis and 9.4% like-for- like.

---------------------------------------------------------------------------
                          Fiscal      Fiscal  % change       % change
    (in EUR millions)      2010        2011  (reported)   (like-for-like)*
---------------------------------------------------------------------------


Fitch Ratings              487.3       525.5   + 7.8%          + 9.4%
(of which Fitch Solutions)

Other                        (__)       19.6     N/A             N/A

                    -------------------------------------------------------

                                            +----------+ +----------------+
Consolidated revenue       487.3       545.1|  +11.9%  | |     + 9.4%     |
                                            +----------+ +----------------+

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Fitch Ratings ended fiscal 2011 with revenue of EUR525.5 million ($732.5 million) compared with EUR487.3 million ($656.9 million) the previous year, an increase of 7.8% including like-for-like growth of 9.4%. All segments of the rating business, including structured finance, generated higher revenues across all regions.

In accordance with IFRS, due to the sale of Algorithmics on October 20, 2011 after the fiscal year-end, the subsidiary's revenue has not been recognized by the Group in fiscal 2011 and has been excluded from prior-year data to permit meaningful comparisons.

Fimalac's consolidated revenue also includes EUR19.6 million in revenue from Vega, which was acquired in November 2010.

* At constant exchange rates and excluding material changes in scope of consolidation.

CA1011A: http://hugin.info/143461/R/1558265/481277.pdf

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Source: FIMALAC via Thomson Reuters ONE

[HUG#1558265]

Contact Information

  • Jean-Philippe Laval
    +33 1 47 53 61 81