A word from the chairman

Now that Risc Group's restructuring is complete, we are set to enter the relaunch phase of its development.

The loss over the 2009/2010 financial year stands in the end at €35m, after a final revision of goodwill, since we made less optimistic but more realistic forecasts requiring these final adjustments.

2010-2011 will be the financial year which will mark a return to profitability prior to redeployment. The 12-month consolidated revenue figure should be lower than the one for this year, within a range of €48m to €52m. For internal organisational reasons, we finally opted not to change the closing date of the financial year.

The recent agreement signed with Microsoft strengthened our resolve in terms of the direction taken by Risc Group IT Solutions to pursue Vertical Cloud Computing, and we are very confident in the development of digital platforms which the Group should benefit from over the next 24 months.

Thanks to the new STS Group digital confidence products and the worldwide rollout of digital confidence platforms, Risc Group is once again at the leading edge of innovation, and we fully intend to allow all our partners, customers, employees and shareholders to benefit from this." 

Bernard Cavignac