FIMALAC: Quaterly revenue - Three months ended December 31,2012 - Excellent performance by Fitch, with revenue 19,7%

FIMALAC: Quaterly revenue - Three months ended December 31,2012 - Excellent 
performance by Fitch, with revenue 19,7% 
PARIS -- (Marketwire) -- 01/28/13 --  Following  the change in the
Group's  year-end, fiscal 2012 is a transition year covering the
15-month period from October 1, 2011 to December 31, 2012. 
This  press release concerns revenue  for the final quarter  of the
fiscal year,
covering the period from October 1 to December 31, 2012. 
I)   Fimalac's consolidated revenue 
In  line  with  the  applicable  accounting  standards, Fitch is no
longer fully
consolidated  by the Fimalac  Group because it  is
50%-owned by  the Group. As a result,  it no longer  contributes to
Fimalac's  consolidated revenue, which now corresponds  primarily to 
the revenue  generated by  Vega's entertainment venue
management 
business and  to the  rental revenue  derived from  the Group's
real
estate assets. 
Consolidated  revenue for the three months  from October 1 to
December 31, 2012
amounted  to  EUR11.8  million  compared  with 
EUR9.4  million for the year-earlier
period.  As earlier  reported,
consolidated  revenue for  the twelve months from
October 1, 2011 to
September 30, 2012 came to EUR30.3 million versus EUR23.8 million for
 the comparable period (i.e. the  Group's prior fiscal year).
Consequently,
consolidated   revenue   for   the  fifteen  months 
ended  December  31, 2012,
corresponding to the transition period
following the change in the Group's year-end, totaled EUR42.1
million. 
II)    Fitch's revenue 
As  previously  reported,  Fitch's  revenue  for  the twelve months
to September
30, 2012 amounted  to  EUR621.9  million  ($805.5 
million)  versus EUR525.7 million ($732.7  million) for the
comparable period,  representing an increase of 12.7%
like-for-like 
(based on  a comparable  scope of  consolidation and  at
constant
exchange rates). 
Fitch enjoyed an increasingly fast pace of growth over the last
quarters and the year  ended on an  excellent performance, with 
revenue for the  three months to December 31, 2012 up 23.4% as
reported and 19.7% like-for-like at EUR167.4 million
($217.3 
million) versus EUR135.7 million ($181.5  million) for the same
period of 2011. Growth  accelerated across  main regions,  with
like-for-like increases of 17.8% in North America, 35.3% in Latin
America, 18.7% in the Asia-Pacific region
and  18.6% in the
Europe-Middle East-Africa (EMEA), region that is now on a
more
similar growth trajectory to the other regions. 
Revenue  for  the  15-month  transition  period  ended December 31,
2012 came to EUR789.3 million ($1,022.8 million). 
III)  Fitch's acquisition of 7city 
As  announced on  January 24, 2013, Fitch  Group has  recently
acquired 7city, a leading  provider  of  learning  and  development 
solutions  for  the financial
services  industry.  Based  in  London 
with  offices in New York, Singapore and Dubai, 7city has over 150
employees. 
Fitch  Group's strategy for this acquisition  is to combine 7city
with its Fitch
Training  unit  to  form  Fitch  7city Learning,  a 
global  leader  in finance,
financial analysis and credit risk
analysis training. 
Fitch 7city Learning will be a third business segment for Fitch
Group,  alongside
Fitch  Ratings and  Fitch Solutions  (research and 
analytics). It represents a natural  diversification, targeting the
same  financial community and leveraging
Fitch's expertise and global
footprint. 
IV)      Upcoming results announcements 
Results  for fiscal 2012 - covering the fifteen months ended December
31, 2012 - will be published after the Board meeting scheduled for
March 26, 2013. 
CA1112AN:
http://hugin.info/143461/R/1673622/544874.pdf 
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
that: (i) the releases contained herein are protected by copyright and 
other applicable laws; and (ii) they are solely responsible for
the content, accuracy and      originality of the information
contained therein. 
Source: FIMALAC via Thomson Reuters ONE [HUG#1673622] 
Jean-Philippe Laval
Phone: +33 1 47 53 61 81
 
 
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