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2013 Results and 2014 Outlook

After a very busy last quarter, 2013 ends on good results, in keeping with expectations and budget. Revenue amounts to 1,100k€, operating result to 93 k€ and income to 7%, bringing the company’s equity to more than 236 k€.

INNOGEO’s good results and its sound financial situation allow it to further its development in 2014.  The projected budget is ambitious. It relies on a resolute commercial policy and production capacity that will be further strengthened in 2014, thanks to recruitment and investments.

The first quarter of 2014 ends with 40% increase in comparison to the first quarter of 2013. It confirms projections and is in line with budget. The second quarter should confirm this trend, thanks to orders placed at the end of March: cavity survey on the Brittany-Loire Valley High-Speed Line High-speed line, GRTgaz pipes, RTE lines, CEA centres, wind farms, military bases… Alongside, INNOGEO expands its presence in new markets: dismantlement and nuclear clean up sector, and environmental sector. Finally, INNOGEO is seeing a very strong growth on the market of steel reinforcements and frame detection in concrete.

Innovation is of considerable importance for the future. At INNOGEO, innovation is a crucial part of the R&D department policy. Identification and choice of innovative projects, definition and budgeting of resources, funding, planning and monitoring of on-going projects are pillars of the innovation policy developed by INNOGEO.