IT Link: €2.43 million in operating income in the first half of 2022

Financial press release
The Kremlin-Bicêtre, September 22, 2022

A result operating steady compared to the first half of 2021.

In €m H1 2021* H1 2022* Variation
Turnover 29.58 32.55** +10.0%
EBITDA*** 3.14 3.20 +1.9%
% of sales 10.6% 9.8% -0.8pts
Current operating income 2.35 2.75 +16.6%
% of sales 7.9% 8.4% +0,5 points
Operating result 2.44 2.43 -0.7%
% of sales 8.2% 7.4% -0.8pts
Net profit 1.72 1.80 +4.8%

* Unaudited information.

** CA S1 2022 updated.

*** EBITDA refers to net income less interest, taxes, depreciation and amortization
and supplies.


the turnover for the first half of 2022 amounted to €32.55 million compared to €29.58 million in 2021 (+10%).

In the first half of 2022, theEBITDA remains stable compared to the same period in 2021 at €3.2 million.

the results operating represents 7.4% of turnover and amounts to €2.43 million, including a provision for non-current charges of €350k (adjustment of partial unemployment benefits relating to the 2020 financial year). Current operating income represented 8.4% of revenue, up compared to the first half of 2021 (+0.5 points).

the net profit amounted to €1.80 million after deduction of IS expenses of €0.40 million and CVAE of €0.18 million.

Cash and debt

The Group’s net cash as of June 30, 2022 remains largely in surplus at €12.7 million (including debt linked to the factor and excluding IFRS 16 rental debt).

Over the period, the Group generated €2.4 million in cash flow in connection with business growth.

Payment of the 2021 dividend

The General Meeting of June 30, 2022 voted the distribution to the shareholders of the IT Link Group of a dividend of €0.25 per share, the payment of which was made on July 8 for a total amount of €0.42 million.

Good recruitment momentum but turnover up slightly

As of June 30, the Group’s workforce reached its highest historical level at 731 employees, i.e. 27 employees more than at the end of December 2021.

Outlook 2022

For the year 2022, Management is refining its revenue growth target of between 9 and 10% and expects operating income in the second half to be comparable to that of the first half.

However, the Group’s Management remains attentive to the evolution of the macroeconomic, geopolitical and health situations.

Availability of the 2022 Half-Year Financial Report today on .

IT Link will report its third quarter revenue on November 15, 2022.


IT Link, the first Digital Services Company specializing in connected systems.

For three decades, IT Link has been innovating alongside major players in industry and services.
Our mission: to develop connected systems to optimize and create the products and services of today and tomorrow.

We provide advice, technical assistance and expertise, development packages and service centers in all project phases: studies, construction and operation. Our know-how is based on 8 areas of expertise at the heart of connected systems:

  • Sensors and embedded intelligence
  • Telecoms and IOT
  • data-intelligence
  • Mobile Apps
  • Operational Safety and Cybersecurity
  • Web and Business Information Systems
  • Systems Engineering
  • Transformation management and new user experiences

IT Link is more than 730 employees present in 14 geographical areas in Europe, Canada and Morocco, a cutting-edge technical department and 4 R&D centers.


(ISIN FR0000072597)

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IT Link: €2.43 million in operating income in the first half of 2022

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