better we are

Contents
Page 5
Editorial
Jean-Michel AULAS - Chairman
Page 7
Page 8
Strategy and outlook
Patrick BERTRAND - Chief Executive Officer
Employees: skills and customers intimacy
Page 10
Technologies: progress through innovation
Page 12
Products: brands and verticals
Page 20
Customers: users testimonials
Page 22
Key Figures
Page 24
The Stock Market
2
Better you are,
3
Cegid Training Center - Lyon
better we are
4
Let’s make
progress
together!
Every day, in order to live and grow, companies have to surpass
themselves, take on new challenges and provide their best to
their customers, employees, shareholders and partners.
For over twenty years now, Cegid, European software publisher, has been developing an ambitious
industrial strategy, incorporating the spirit of conquest, technological innovation, local proximity
to its customers and stringent compliance with financial equilibriums; and all of this within the
framework of ambitious and responsible social dialog, so that the Group’s 2,000 employees can be
ever the more so involved and provide high levels of performance.
Thanks to this constant strive for excellence, every day Cegid helps its 80,000 customer sites,
companies and entrepreneurs to produce, analyze and optimize their information sytems regardless
of the size of their business, their function and their geographical location.
Cegid’s development is also articulated around strategic partnerships concluded with the major
worldwide suppliers of technology such as Microsoft, IBM and Oracle. By integrating in this way into
all of the major ecosystems in the market, the group’s customers can choose technology that is the
most modern and best adapted to their needs and use Cegid solutions easily.
So, with its employees and partners, its sound financial structure and coherent industrial strategy,
the Cegid group, top French publisher of enterprise business solutions, has a lot of advantages that
it can use to provide support to its customers in their strategy for capturing markets in France and
abroad and thus continue its development in the years to come.
Jean-Michel Aulas
Chairman
5
6
Top French publisher
of enterprise business software
€224 M in sales
Top 10 in Europe (PAC)
2,000 employees
80,000 user sites
Cegid,
Clear strategy and ambitious outlook
Patrick Bertrand
Chief Executive Officers
In 2005, the Cegid group imposed itself at the top of
the line as a publisher of enterprise business solutions
in France. Backed with this success and the excellent
results recorded in 2005, Cegid now wants to accelerate
its growth in France and internationally, by taking the
concrete expectations of its customers into account...
customers who want to rely on a solid IT partner in
order to reinforce their competitiveness in a context
where the competition is stiff.
A flexible and secure hosting and service policy, indepth knowledge of their profession with a large range
of software that meets the users’ expectations, local
presence that is indispensable for constructive and
constant dialog, and support in their development
internationally: as many exact needs expressed by the
customers as Cegid wants to respond to.
Cegid’s development for the years to come is articulated
around four strategic axes.
Develop a Publisher/Hoster aspect for
management solutions
Cegid’s offering makes use of modern technology,
incorporating into a single software approach, all of
the latest innovations in business intelligence, and
pertaining to collaborative efforts and the Internet.
This technology makes it possible for Cegid to
provide its customers with an ERP, Cegid Business,
as well as referenced solutions on the market in terms
of Corporate Performance Management, Human
Resources Management and Finance/Taxation. This
technological advance and Ccmx’s expertise in terms of
hosting allows the entire offering, traditionally offered in
Insourcing mode (installed at the customer’s), to now be
offered with the most appropriate method of access for
the operations of the customer: Insourcing, outsourcing
(hosted solution) or ASP (leasing mode) with reversibility
among the various access methods. This development
provides the company with an undeniable competitive
advantage by simplifying installation and deployment
of enterprise solutions for the Group’s customers.
Satisfy the professional stakes of our customers
Since it was created, the Cegid group has taken into
account the core business dimension of its customers
by verticalizing its offering of business software aimed
in particular at the following business sectors: audit and
chartered public accountants, fashion professionals,
manufacturing companies, services, retail, construction,
hotel-restaurant or specialized businesses. Cegid
intends to continue and develop this approach by
profession. The recent acquisition of GTI Industrie and
PMI Soft, specialized publishers in the area of industry
manufacturing, bear witness to this strong ambition.
Reinforce our local presence with our customers
Geographical nearness is the key to a close-working
relationship between Cegid and its customers. In
order to further develop this local presence, Cegid has
supplemented its network of 39 sales agencies by an
indirect network which enjoyed a lot of development
in 2005, and today the number of resellers/integrators
has reached 160. Beyond that, over 7,000 members of
the Chartered Accountant Profession, customers of the
Group, can advise their customers on setting up Cegid
solutions. Cegid would like, through the development
of these distribution networks, that each customer in
the Group be in contact with a local contact.
Develop our presence internationally
Our customers are going international. We need to be
at their side and support them in their growth. Cegid
solutions have already been deployed in over 1,400 sites
in over 30 countries via our subsidiaries in Spain and in
the United States or via our distributors in Germany,
Austria, Switzerland, Italy and soon in China. The
offering, which is already available in English, Spanish,
Italian, Portuguese and German, is now available in
Mandarin Chinese. In 2006, Cegid is going to reinforce
this presence abroad. The Group wants to be close to
its customers which are deploying abroad and in 2006
we will continue our initiatives to support them.
In 2006, the Group benefits from increased financial
soundness, from 2,000 motivated and skilled employees,
from referenced financial and technological partners
and from excellent expertise on the needs of « MiddleMarket » companies and groups of companies.
Beyond this, Cegid can rely on an installed base of more
than 80,000 customer sites, representing a recurring
revenue portfolio of over €100 million a year, and on true
know-how in terms of external growth and integration
of companies to accelerate the growth of the Group in
France and internationally and play a front-stage role
among the European publishers.
7
Employees
Skills and customer intimacy
In order to assist you in day-to-day processing, but also
to help you see further into the future, Cegid puts the skills
of 2,000 employees, 39 local agencies, 160 resellers and
support for its customers abroad at your disposal.
Skills
2,000 employees
Cegid is constantly developing the skills of its employees on two fronts, so that they can
provide the best answers to the needs that have been expressed in all the functional areas
of the offering and so that they can master the expectations involved with the various
businesses in which the customers are engaged.
Skills on two fronts in order to ensure encompassing service
8
Research
and development
Sales
New technologies, quality, outsourcing
and functional skills.
Sales, pre-sales and knowledge of
the customer’s professional sectors.
Customer
support
Roll-out
and integration
570
410
Assistance, maintenance, logistics and
services that are tailored to each core
profession.
Training, consulting, configuration
and specialization by business
sector.
420
480
Local services
39salesoffices
The Cegid group is located in all the major cities of
France and has developed a large sales network for
direct distribution of its solutions.
This sales approach favors the knowledge of the
professional sectors of the Group’s customers.
These 39 offices provide comprehensive service and a
single point of contact to meet the customer’s needs:
assistance with software, on-site or off-site training,
project management, sales and roll-out of network and
system platforms, hardware maintenance, customized
financing solutions.
7,000
accounting firms that
use Cegid solutions can also provide
recommendations to their customers in
the choice and use of enterprise business
solutions.
Over
160resellers
andintegrators
As a supplement to business sector-specific offerings
and the direct presence that the Group has, its 160
resellers that have been certified by Cegid have thorough
knowledge of their regional markets.
This network is made up of:
• Cegid Reseller-Consultants: system integrators or VARs,
specialized in enterprise software, who would like to
enhance their offering,
9
• Cegid Specialized Resellers: these are publishers of
business software that would like to add to their vertical
offering.
These resellers have expertise and are certified in
management and consulting, which guarantees proper
integration and roll-out of Cegid solutions for their
customers.
Sales offices
Resellers / integrators
Support
Worldwide
Cegid supports its companies abroad.
1,400 customer sites in over
30 foreign countries, a multilingual
roll-out and hotline team, a range
that incorporates local specifics and
languages.
New-York Madrid Barcelona Frankfort Milan Zurich…
Technologies
Progress through innovation
The IT development « as a service », the need to transform data
into pertinent information, the rapid take off enjoyed by the new
technologies... all of these are factors that need to be considered
in order to get high-performance use out of an information
system. Integrating these trends while still concentrating on its
original business sector is a necessity for businesses, and Cegid
understands this well.
Databases,operatingsystems,
client-serverorWebAccess...
everythingispossible.
CegidBusinessPlatform
10
All of Cegid’s offering is designed using a development and integration platform called Cegid
Business Platform, which ensures homogeneity in the applications’ functional ergonomics. It
incorporates the latest technological breakthroughs in the market (rich client, applications server,
integrated BI, portals, mobility, etc.) and also allows Cegid’s solutions to be incorporated into the
customer’s existing tools via web services. Right from the start, solutions developed with Cegid
Business Platform benefit from built-in communication with the major collaborative and office
software suites on the market (Microsoft Office, Open Office, Star Office, Lotus Notes…), and are
compatible with all the environments (Windows,
Linux, OS400…), databases (Oracle, SQL Server,
DB2…), applications servers and deployment
models (Client / Server, « interactive terminal »
L
or « rich client » distributed architecture).
Q
S
MS
2
IBM DB
Server
Oracle
s
Window
Unix
Linux )
00
I5 (OS/4
usiness
Cegid B
Platform
Cegid
Web
Access
al
Tradition
Client
Server
Rich
Client
Thanks to the «rich client» concept and Cegid
Web Access technology the
Cegid Business offering can be
accessed remotely through a simple
connection (via standard telephone
line, ADSL, ISDN, etc.). One-click
updates, information available to
everyone in real-time... Cegid Web Access simplifies,
makes reliable and accelerates exchanges of the
company’s data.
Cegid
Web
Access
Operationalmanagement,
businessintelligence,
collaborativeprocess/portal:
3dimensionsdirectlybuiltinto
Cegid’ssolution
rative
Collabo
n
io
s
dimen
that
access
Unique
ed
ersonaliz
can be p
Cegid solutions meet the needs of companies and groups by
first of all providing management for the flow of operational
data which guarantees proper operation of the company,
but also by transforming the data into pertinent information
thanks to decision-support applications, and by delivering
this information directly to the end user proactively via a
collaborative portal.
n
Decisio
rt
o
p
p
su
n
dimensio
onal
Operati
n
io
dimens
These modular and integrated solutions combine the
operational, decision-support and collaborative dimensions
within a single «business software package» offering, sparing
companies from integration that otherwise is often expensive
and cumbersome.
d and
Structure BI.
d
integrate
rs
Indicato g.
rin
and stee
ent
managem
Financial urces
reso
t
Human
en
anagem
ement
Sales m
t
n manag
agemen
Productio elationship Man
R
er
m
to
Cus
A user-oriented
information system
Choosethewayyouwanttoaccess
yourinformation:
Insourcing,Outsourcing,ASP
11
Traditionally offered via Insourcing mode (installed at the customer’s), all of Cegid’s
offering is also available in Outsourcing mode (solution that is hosted and administered
by Cegid) and in ASP mode (application leasing).
Insourcing
Entreprise
business
software
Multichannel
information availability
Eachcompanycan
select a model and change it,
simply and transparently, as their
needs change.
(at customer site)
Outsourcing
(hosted)
ASP
(leased)
Publisher/hoster, Cegid offers companies a way
to use their applications via a high-performance,
mutualized and secure hosting platform which
takes into account their entire information system
and their internal organizational processes. Since
they don’t have to worry about integrating and
operating the information systems, the company
can concentrate fully on its core business.
Products
Brands and verticals
The Cegid group designs, hosts and rolls out management
solutions that meet the needs of all the functional management
departments in the company. These solutions are adapted
to each business sector and to each size of company.
Generic
ERPs
ERPbusiness
sectors
Bestofbreed
solutions
12
Cegid Business Line
ACCOUNTING
FASHION
Cegid Business Suite
MANUFACTURING
HOSPITALITY
Cegid Business Place
RETAIL
CONSTRUCTION
SERVICES
TRADING
CLEANING
Corporate Performance
Management
Finance & Taxation
Human
Resources
Cegid BI
Cegid FCRS
Cegid Etafi Conso
Cegid Etafi
Start rh
RHPlace
RHSourcing
Integration,modularityand
decision-supportapproach:
GenericERPs
Cegid has capitalized on its advances in technology and the functional skills that the
various companies in the group have, as well as their experience with companies, in order
to offer Cegid Business. Cegid Business is a modular ERP that, through its architecture,
meets collaborative, decisional and operational expectations.
Extensive functional coverage
Customer
Relations
t
Managemen
Production
t
Managemen
Project
t
Managemen
Sales
t
Managemen
Accounting
Finance
Cash Flow
Fixed Asset
Management
Payroll
Human
Resources
Moreover, Cegid Business takes into consideration the size, means and the management
needs of all types of businesses. Thanks to its modularity and its ability to evolve, it adapts
to the growth of companies and thus supports their development.
Cegid Business Place is designed
for Medium and Large-Sized Businesses
(independents or subsidiaries of groups).
Cegid Business Suite is aimed at SMBs
(€7.5 million to €40 million in sales).
Cegid Business Line responds to
the needs of very small businesses
(less than €7.5 million in sales).
TheadvantagesofCegidBusiness
Steering and management indicator library, automation of tasks and processes,
alerts, self service, collaborative portal that can be personalized, EDM,
mobile solutions, e-business…
13
Professionalissuesand
users’needsthatare
propertoeachbusiness
sector:
VerticalsERPs
CharteredAccountants
The Cegid group is an important partner of Chartered Accountants, statutory and internal
auditors, as well as Certified Management Associations and Centers.
Thanks to the diversity and modularity of its solutions, the Group is able to offer its
customers a range of functions covering all work performed by Chartered Accountant
firms: reviews and accounting documents, tax documents, social documents, consulting,
personal taxation, audit and statutory auditing, agency management, eWS customer
relationship managment and services platform…
With the most innovating product ranges on the market, Cegid Expert, Ccmx Expert and
Quadra Expert, the Cegid group is today the leading provider of IT solutions for Chartered
Accountants.
Cegid, Ccmx and Quadratus also offer solutions for Certified Management Associations
and Centers (OGA).
14
Thanks to this close-working relationship that has been in place for 20 years now with
Chartered Accountants, Cegid has today become a real specialist in business solution,
always striving to respond to the needs of structures of all sizes, from the artisan to corporate
entities. Certified Public Accounts have understood the interest in recommending Cegid
group solutions to their customers. While assisting them in increasing customer loyalty,
this prescription improves productivity of the employees in the accounting firm and their
customers, making it easier to exchange data between Certified Public Accountants and
Companies and allows them to develop new consulting work with value added.
Thecommunicationsplatform
andon-lineservicesofthe
accountingfirmforitscustomers
Via a simple Internet connection, Certified Public Accountants can make a set
of on-line services available to their business customers that allow them to work
together optimally: from immediate on-line restitution of documents drafted by the
accounting firm, up to complete shared management in ASP mode.
In this way, 24 hours a day, 7 days a week, the company has access to:
• its private area that contains all of the accounting, tax, social documents,
correspondence, management reports… archived, sorted and protected.
• the Cegid Business Line on-line management solution that incorporates
accounting and sales management.
Today Cegid is the only company in the market that is able to make business
solutions via the Internet available to companies, offered by Certified Public
Accounts.
Fashion
Cegid Business Mode is an integrated and modular solution for all those involved in the
sector: contractors, order givers, manufacturers, traders, representatives & agents, store
managers, franchisors & franchisees, affiliated commissioned agents and multi-brand
retailers.
Cegid Business Mode, a solution for professionals in the fashion industry, material goods
for individuals, and in particular ready-to-wear clothing for men, women, and children,
sports items, shoes - leather goods - luggage, lingerie - swimwear, fashion accessories.
Cegid Business Mode is the only offering that combines and integrates modules for
manufacturing, sales, Supply Chain Management, centralized control of store networks,
management and collection at sales outlets.
Retail
Cegid Business Retail responds to every aspect of the specialty retail sector by offering
a unique, coherent and scalable information system for managing a single sales outlet or
a chain of stores… for jewelry, perfumery-beauty, miscellaneous accessories, arts of the
table, hardware stores, home improvement…
Cegid Business Retail makes use of Cegid Back Office, for centralized control of a network
of sales outlets, and Cegid Front Office, for management and collections in the sales
outlets.
15
Manufacturing
With its Industry One (GTI Industrie), PACKPMI (PMI Soft) and Cegid Business Industry
Manufacturing (Cegid) offerings, the group’s solutions cover all the sectors in manufacturing:
industrial sub-contracting, automotive, electronics, material goods, aeronautics, mechanics,
plastics, surface treatment, etc. These solutions are adapted to the various business and
industrial organizational processes: sales management, production management, Supply
Chain Management, PLM (Product Lifecycle Management).
With these different offerings, manufacturing companies are sure to find the solution
that is right for them regardless of their budget or size, from the smallest to the largest
company.
Hospitality
16
Selling, reserving, welcoming, serving food, invoicing, purchasing, maintaining, verifying
and analyzing; professions in the tourism sector are rich and varied.
Yield Management, touch-sensitive invoicing, reservations, collections, sequencing and
traceability: the company’s Cegid Business Hotel, Cegid Business Restaurant and Cegid
Business Caterer offerings, the first ERP dedicated to these professions, incorporate the
special needs of each business sector.
Construction
Engineering studies, quotes, fast estimates, invitations to tender, invoicing… these are
a few of the strategic documents of a construction company, around which Cegid has
developed a modular and integrated offer, which is at the forefront of technology.
Cegid Business BTP helps control labor costs and construction site inputs, and helps in
negotiating the best prices with suppliers and in making sound decisions.
Cegid Business BTP incorporates the essential special needs of the industry: engineering
studies and quotes, site management, purchases and inventories, recovering invitations
to tender, laptop estimate management, monitoring interventions…
Trading
Sales, procurement, inventories, items, customers and suppliers, prices and discounts,
EDI or Internet links for remote sites, e-business, subsidiary brands, barcode processing,
etc.
Cegid Business trading is a complete and integrated solution that seamlessly manages
the entire Procurement-Sales chain and handles the requirements of any business that
manages the flow of goods: traders, mass retailing suppliers, purchasing pools, etc.
Services
For all businesses whose work requires project tracking, Cegid’s offer is a one-stop
solution handling billing, procurement, time recording, scheduling and reports, in order to
provide a complete picture of each project so that the customer can focus on productivity
and profitability.
Cleaning
Custom-designed for the cleaning industry, QuadraPROPRETE is a global management
tool which incorporates all the parameters specific to this business sector and provides
precise profitability analysis. QuadraPROPRETE tracks all individual cases, one-time
projects, equipment used and products consumed and provides an accurate status of
the activity. Reducing data-entry time and the risk of errors and providing fast access to
information, QuadraPROPRETE participates in improving the performance of businesses
in this sector.
17
Taxation, Human Resources, Corporate
Performance Management: three areas
of expertise
Best of breed solutions
Cegid Etafi, the reference in taxation
With the ever-changing requirements pertaining to the communication of financial
information and the quantity of legal requirements on the rise, having a financial and tax
information system is now a necessity for businesses. Cegid’s finance & taxation offering
provides a complete and high-performance response in terms of financial and tax returns
(Etafi and Profin), tax returns (Editaxe and Etafi –TVA), EDI electronic returns (Etafi.fr),
archival (Fisc’archiv), tax consolidation (Etafi-IF) and reporting.
18
95 of the top 100 French groups and 70% of companies that
must declare electronically use a Cegid tax solution.
RH Place, recognized know-how
in human resources
Incorporating all of the professions pertaining to payroll and human resources, Cegid’s
solutions participate in rationalizing and in adding security to administrative tasks. In this
way, they allow companies to go back to concentrating on what’s important: Human Capital
optimization, with the implementation of innovating HR services. Its solutions are available
externally, from hosting the information system to externalizing payroll and HR processing.
Cegid - Ccmx
Top 3 of human resources
solutions publishers in France
(PAC survey - May 2005)
19
Corporate Performance Management, a new solution for performance
management and control
In order to meet the control and analysis needs of groups, Cegid has designed a complete
range dedicated to Corporate Performance Management, making use of tools for consolidating,
reporting and Business Intelligence:
Consolidation and Reporting: Cegid Fcrs and Cegid Business Etafi Conso offer applications
for financial, legal (IFRS, CRC) and management consolidation.
Business Intelligence: Cegid Business Intelligence meets needs pertaining to budget
elaboration, reporting (financial, HR, production, etc.) and analysis for facilitating the decision
making which is indispensable for controlling the business.
Cegid has an offering
that meets the needs of
companies, regardless of
their size, their industry and
the scope of their project.
Customer
Testimonial…
80,000 sites make use of a Cegid solution
From the smallest company to corporate entities, Cegid’s solutions adapt to each
customer.
With their extensive functional coverage, they take into consideration the size,
industry and functional department of each company by offering the products and
services that correspond to it.
From the smallest company to the largest groups
Claude Le Berre, Manager of AOMP, specializing
in tools for wood for professionals and the
general public with 7 employees.
Elisabeth Borouchaki, Accounting and Taxation
Manager for the Gallimard Group, 1,000 employees.
Gilles Chaffard, Technical Manager of Erowa
Distribution, subsidiary of a tool-manufacturing
company with 300 employees.
Joël Perbet, Consolidation Manager for Lactalis
(Président, Bridel, Lactel…), number one dairy company
in Europe with over 20,000 employees.
Cegid Business Suite is an open product that
“grows
with the company and that can evolve with
Fcrs changed our business. The Group,
“asCegid
a whole, has gained an incomparable degree of
us as needed. The flow of information between the
various modules allows us to monitor our business
better. We work in highly-competitive sectors and it
is indispensable for us to be able to know at any time
where we are in our order books .
visibility pertaining to the figures and its capacity
thanks to reliable, detailed and easy-to-read
reporting .
Through their reliability, robustness and userwere looking for a functionally-rich solution
“
friendliness, Cegid’s products are totally in line with
“thatWewould
cover our sales management and our
the issues that we have to face .
accounting. The solution was simple to implement.
”
In just a few days, our new business software was up
and running .
”
20
”
”
Solutionsadaptedto
eachsector…
Ralph RICHES, General Manager of Renato Nucci,
top-of-the-line ready-to-wear clothing.
Fabienne Mongin, Manager of A.L.E.S., fire safety.
objective was clear: with Cegid, go beyond
Many software publishers are able to offer
“theOurperformance
“accounting
and functionality of the old system
or payroll software. But very few are
and procure an open yet secure information system.
Cegid’s solution was able to evolve and respond to all
of our needs. Today, Cegid is a leader in the fashion
market. I didn’t make the wrong choice .
”
Frédéric SANCHEZ, Sales Director for NIMOTEL,
hotel establishment.
really capable of conforming to the constraints of a
profession and offer a solution that really meets the
needs. In the construction sector where we operate,
Cegid is today able to offer solutions that are almost
custom-made or, in any case, represent the top-ofthe-range in turn-key solutions .
”
Frédéric Allègre, General Manager of Comptoir
de Famille, accessories and furniture for home
decorating.
with Cegid’s sales teams was good and
“weContact
For our manufacturing, we needed an information
worked together in total confidence. Our contact
“system
with a maximum number of short cuts. In our
spoke the same language as we do, understood our
stores, we regularly have promotions. Cegid Business
needs and had the required professional skills .
”
provides us with the degree of reactivity that we need
in our busines .
”
…andequippedwithextensivefunctional
coverage.
Philippe BARBIER, Tax Manager, Groupe Suez
Denis SCHMITT, IS Manager for BURGER, joinery
company.
the economic and functional stakes, security
“asWith
With Cegid Produflex, we were able to optimize
well as issues connected with the Sarbanes Oxley
“
time
management in our workshops. At any given
laws becoming more and more prominent each year,
moment,
we are able to check that our sales prices
it had become indispensable for us to choose a
are
always
in correlation with our costs .
partner that could meet our expectations favorably.
”
That is why, among other reasons, we chose to go
Eric FERLIN, Payroll Department and Personnel
with the Cegid group .
Administration Manager – HRMS Manager for
”
Botanic, chain specialized in gardening
Jean-Christophe FLAUD, Production Manager of
Groupe Nautique PONCIN YACHTS.
Beyond simple manufacturing and Sales
“Management,
we wanted to implement an integrated
business software that was capable of handling
data from our engineering department that works
with CATIA (Dassault Systèmes CAD software). So
we purchased the entire Cegid Business Industry
Manufacturing ERP .
”
employees, 3 to 5 store openings a
“yearWithand1,800
the need for over 700 seasonal employment
contracts per year, HR management has its job
cut out for it in order to support the growth of the
company. Based on or HRMS RH Place, we have
sought out maximum performance by favoring
automated processing, document dematerialization
and control tools for administrative management but
also for human resources management… .
”
21
2005 Key figures
Customers of all sizes
with specific business needs
Cegid takes into consideration the size and means of all types of companies and offers
solutions and services that are adapted. The offering’s modularity and ability to evolve
makes it possible to meet the needs of all companies, from the smallest company to the
largest corporation, and to support them as they grow and develop.
Less than 50 employees
53 %
51 to 500 employees
34 %
Over 500 employees
13 %
Sales invoiced by size of company (excl. Accounting)
Thanks to its vertical offer that incorporates the specific needs of professionals, Cegid’s
customers can be found in all the major business sectors.
22
Accounting
37 %
Services, Trading
31 %
Fashion, Retail
10 %
Manufacturing
10 %
Hospitality - Construction
6 %
Other Activities
6 %
Sales invoices per business sector
of total sales
The recurrent sales portfolio represents at December 31, 2005 an amount
that exceeds €100 million, which is nearly 45% of total sales.
The steady growth in recurrent sales demonstrates the loyalty and
satisfaction of the Cegid group’s customers.
100.7
In eM
Loyal customers
45%
2005
Development of Outsourcing
+17%
6.4
2004
7.5
2005
In eM
Cegid’s offerings that are available in Outsourcing and ASP modes
have enjoyed much growth. Making the offering available through
these modes makes for true differentiation in the market of
management solutions which is constantly changing.
Growthinbusinessactivity
For fiscal 2005, consolidated sales stand at €224.3 million, up 56.7% compared to 2004.
At constant scope, consolidated sales grew 3.6%. The more than 4% growth in “Software
and related services” sales has improved the gross margin (81.8% of sales in 2005
compared to 79.7% in 2004).
+57%
224.3
143
76.5
In eM
0.3
Like-for-like basis
Changes in scope
142.7
147.8
2004
2005
Profitsupsharply
Current operating income of €21.3 million, at December 31, 2005 grew 68%.
Operating
marging
21.3
12.4
8.7%
2004
Published
12.7
8.9%
2004
IFRS
Net income
(group share)
9.5%
9.8
8.0
In eM
Income from
ordinary
activities
23
0.7
2005
IFRS
2004
Published
2004
IFRS
2005
IFRS
Improvementin2005«gearing»
At December 31, 2005, gearing, or the « net debt » (€50.5 million) to « consolidated equity » (€123.8
million) ratio, is 40.7% (45.9% at December 31, 2004) after taking into account investment and
financing pertaining to the buy-out of Ccmx in November 2004.
The
Stock
Market
Share price multiplied by 5 in 3 years
+35% in 2005
Cegidshare
With +35% in growth, the share has once again recorded excellent performance with
regards to the IT sector as a whole. Over the beginning of 2006, the share has continued
this upward trend with a gain of 19% between January 1 and April 28.
As in 2004, trading volumes in 2005 remained high, with a volume of traded shares equal
to the float (number of public shares) which is a monthly average of 361,780 shares.
45.00
700,000
40.00
600,000
35.00
30.00
25.00
400,000
20.00
300,000
Closing price €
Number of shares traded
500,000
15.00
200,000
10.00
100,000
5.00
0
03
n-
Ja
04
05
n-
n-
Ja
Ja
Number of shares traded
0
06
nJa
Share price
IT CAC (FR)
TheBSAR
The Cegid BSAR (Bond with Redeemable Share Warrant), issued in March 2004, is an
additional instrument for investing in the Cegid group and its middle-term development
outlook.
300 000,00
300,000
12
250,000
250 000,00
10
200,000
200 000,00
8
150,000
150 000,00
6
100,000
100 000,00
4
50 000,00
50,000
BSAR closed trade
Number of shares traded
24
2
0
4
r-0
Ma
5
r-0
Ma
6
r-0
Ma
Number of shares traded
0
Share price
Distributionofcapital
atApril30,2006
Number of shares
ICMI
% capital
% of voting rights
1,761,500
20.5
33.1
54,680
0.7
0.6
21,939
0.2
NA
1,496,716
17.4
14.5
Eurazeo
797,429
9.3
7.7
Ulysse / Tocqueville
377,920
4.4
3.6
Free float
4,112,616
47.5
40.5
TOTAL (3)
8,622 ,800
100.0
100.0
(1)
Executives
(2)
Treasury shares
(liquidity contract)
Apax
ICMI, active holding company of the Cegid group, is 99.97% owned by Mr. Jean-Michel Aulas.
The following are regarded as executives: the Chairman, the General Manager and the Directors. However, the percentage owned by two of the directors
(ICMI and Eurazeo) is indicated separately in this table. Finally, one of the companies included in the APAX mutual fund, Apax Partners, is a director of Cegid
and owns only one management share.
(3)
This number includes shares created following the exercise of options under the 2001 and 2002 plans and the exercise of BSAR up until April 30, 2006.
(1)
(2)
Adynamic
dividenddistributionpolicy
Cegid traditionally reconciles a growth
profile with an active distribution policy
allowing to increase the loyalty of its
shareholders and to thank them for their
confidence over time.
Amount distributed in €M
7,00
Net dividend per share in €
2,50
2,00
5,00
1,50
4,00
3,00
1,00
2,00
0,50
1,00
0,00
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
net dividend per share
Amount distributed in €M
6,00
DividendpershareproposedattheGeneral 25
Shareholders’ Meeting of June 2, 2006:
€0,85.
0,00
Financialcommunication
Cegid’s policy is to provide periodic financial information through financial
notices published in the economic and financial press to announce its sales
figures, results or any other important corporate event, and via meetings
held under the auspices of organizations such as the SFAF. A reference
document is also available upon request or may be downloaded from its
website: www.cegid.com.
The General Shareholders’ Meeting is held annually in June. Various financial
documents in English and in French, as well as general information about
the Group, are available on its website: www.cegid.com.
Generalcharacteristics
Stock Market
ISIN stock
code
Eurolist Paris
Compartment B
FR0000124703
Reuters Bloomberg Segment
CEGI.PA
CGD FP
NextEconomy
FTSE
9537
Software
Indices
Small 90, Mid and Small
190 et ITCAC
Customers references
AB AUTOMOTIVE - ARCELOR CONSTRUCTION - AREVA - ART MARTIN - ASSEMBLEE
NATIONALE - BATH BAZAAR - BOUTTE - BUGATTI - BURGER - CARRE BLANC -
CCI PARIS - CHATEAU DE VILLIERS-LE-MAHIEU - CHATTAWAK - CHRISTIAN CANE -
26
COMPTOIR DE FAMILLE - COMPTOIR SUD PACIFIQUE - CONFORAMA - DOSATRON EIFFAGE - ERAM - EUGENE PERMA - EUROPCAR - FACONNABLE - FUSALP - GIMAEX -
GROUPE GEODIS - GROUPE LA POSTE - GROUPE LAPEYRE - GROUPE SCHNEIDER GROUPE SUEZ - GROUPE TOTAL - GROUPE ZANNIER - GUY LAROCHE - HELEN
TRAITEUR - HSBC PRIVATE BANK - IXIS CIB - JEAN-CLAUDE JITROIS - L’ATELIER DES
CHEFS - LA MODE EST A VOUS - LA TOUR ROSE - LAFUMA - LE LIDO - LE TANNEUR LOLA - LONGCHAMP - MARESE - MARITHE ET FRANCOIS GIRBAUD - MEDIA OVERSEAS MESSIER - MOA - NEWMAN - NIMOTEL - O’NEILL - OLLY GAN - OPODEX - PARCS
ET SPORTS - PERROTTON - PLEYEL - PONCIN YACHTS - POTEAUX - QUIKSILVER RECORD FRANCE AMORTISSEUR - REMINISCENCE - REMY COINTREAU - RENATO
NUCCI - RENAULT - RENOSOL - RESERVE NATURELLE - ROTHSCHILD ET CIE BANQUE -
SAPA - SENDERENS - SNTE - SOFINCO - SYSTEME U - VENICE - VILEBREQUIN -
VINCI - VOLVO…
Cegid 0506 - Crédit photo : JL Mège
Head Office : 52, quai Paul Sédallian, 69279 Lyon CEDEX 09
Tél. +33 (0) 4 26 29 50 00 - Fax. +33 (0) 4 26 29 50 50
Cegid CORP: 130 West 57th Street - Suite 12 E, New York,
NY, 10019
Tel. 1 212 757 9038 - Fax. 1 212 757 9051
Cegid España: puerta de las Naciones - calle Ribera de Loira
46 28042 Madrid ESPAÑA
Tel. 00 34 915 030 647 - Fax. 00 34 915 030 550
e-mail : [email protected]
Site web : www.cegid.com