PARIS: For the first nine months of 2016, the QUANTEL Group’s revenues climbed to €44 million, up 11% year-on-year. This growth is less than for the first half of the year, which benefited from a base effect linked to the major contracts – MegaJoule and military – starting up from the second half of 2015.
Over the first nine months, the Industrial and Scientific Division recorded a contraction in its revenues with certain American OEM clients. The upturn in these orders in the third quarter confirms that this downturn was temporary and is not expected to have any further negative impacts in the following quarters.
This trend was offset, over the first half of the year, by the key contracts business, which only started to reach its normal levels in the second half of 2015.
Globally, the Division’s business is expected to be slightly lower than expectations for the full year.
