The International engineering services consultancy company, Assystem has released its financial statements for the year ending 31st December 2016. The company has announced a â¬955.6 million revenue. This figure is a consolidated revenue that has increased by 5.3%.
Assystem is an industrial engineering company with 50 years of experience. Assystem is also a partner in the worldâs largest industrial groups. The other partners in this group are Airbus, Areva, Alstom, EDF, EADS, General Electric, MTU, Peugeot, Renault, Rolls Royce, Safran and Thales.
Within this sector Assystem works to create lighter aircraft, electric transport for mass travel. To try and design technology to help us with future products and services, Assystem focuses on trying to make the most of their investments. Since 22nd of May 2014, Assystem has been a public Liability company with a board of directors.
Global Product Solutions generated revenue generated by â¬577.5 Million. This revenue made up 60.4% of the consolidated total. This revenue created by Global Product Solutions represents a 9.3% year on year increase. The increase is generated by Aerospace and Automotive activities.
Other revenue within this release has been announced for the Energy and Infrastructure business. The revenue for this department has risen 1.5% to â¬315.7 million. This figure represents 33% of the consolidated revenue total.
Assystem has been a key part of the engineering industry for 50 years. The company employs 12,000 people on a global scale and has created a total 2016 revenue of â¬955.6 million.
Other information released with the revenue publication includes the companyâs operating profit taken before non-recurring items has increased by 15.7%. This means that the operating cost of the company is â¬66.9 million. Assystemâs EBITA margin is up 0.6, and now stands at 7%. This information means the adjusted profit for the period is up 23.1%. This means the adjusted profit for the period now stands at â¬45.8 million.