SII: Almost saved by Poland
SII published a disappointing annual result. Despite a 7.1% increase in its turnover for the year, the engineering and technology consulting (ETC) group recorded a 7.6% decrease in its operating profit and a 13% decrease in its net profit. We have, however, revised upwards our forecasts for the current financial year. Thanks to its Polish division, SII should indeed resist better than expected to the Covid-19 crisis. This should unfortunately not be sufficient.
Societe Pour l Informatique Industrielle SA is a France-based company principally engaged in the provision of consultancy services to enterprises in the industrial, financial and service sectors on the implementation of technically complex projects, including technical and industrial systems, telecommunications and networks, e-banking, information systems, systems administration and new information and communication technologies. The Company has two principal activities: the external research and development in data processing and telecommunications, and integration of systems in technical data processing and networks. It offers a range of services, including consulting and studies, development engineering and tests, as well as deployment and maintenance. The Company has such subsidiaries as Rucker Aerospace GmbH, Rucker France and its Dutch subsidiary Silver Aerospace BV, and I+D group in Colombia, among others.
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