2013 Annual Results

A year of transformation and structuring

An increase in turnover of 29%

A much more balanced operating income

 

SBT, Scientific Brain Training, (FR0004175222, MLSBT), a group specializing in advisory services developing innovative services incorporating new technologies, cognitive engineering and neurosciences, today announced its annual results for the financial year ending 31 December 2013.

Structuring of the Group’s business into 2 activities

In 2013, new areas of expertise were brought into the company; OSE Consulting, a strategy and management consultancy firm, was acquired, this was the highlight of the year for us. This operation prompted the SBT Group to reorganize its business into 2 activities: a Consultancy and Human Resources division and a Smart Health division.

  • The Consultancy and Human Resources division covers the value chain from strategy consultancy services to detecting and developing talent, as well as the design of multi-channel training programs (face-to-face teaching and e-learning).
  • The target clientele of the Smart Health division primarily includes healthcare professionals and the general public. It designs, develops and sells applications and interactive software for a large range of uses, both in terms of target populations (children, adults, seniors), pathologies (dyslexia, attention deficit syndrome, Alzheimer’s disease, multiple sclerosis, etc.), and situations (at home, with a practitioner or at the workplace).

Setting up this new organization is one of the key factors of the development strategy the company is implementing in order to build firm foundations for the future, and to take advantage of a strong growth market.

Consolidated results (from 1st January to 31 December)

in €K

2013

2012

Turnover

6 945

5 399

Operating income

(9)

(188)

Operating results

(193)

(164)

Net result before consolidated goodwill

(271)

6

Net income, group share

(664)

(316)

During the financial year 2013, OSE Consulting was integrated on 1st May 2013. In addition, on 20 December, SBT purchased 6.25% of the capital of its subsidiary Symetrix, which will enable it to incorporate it into its tax consolidation group from 1st December 2014.

 

The consolidated turnover increased by 29% compared with 2012 thanks, in particular, to the integration of OSE Consulting (an additional turnover of €1,598 K over the financial year) and a good level of performance of the subsidiary, Arnava.

Operating income was stable, compared with a loss in 2012 of €190 K, thanks to the measures implemented to optimize costs, the positive contribution of bringing the OSE Consulting Group into the tax consolidation group and the strong growth in the income of the subsidiary, Arnava. This recovery is all the more significant given the particularly difficult start to 2013, leading at the end of the first semester to negative operating income of €-347 K.

These operating results are affected by a provision for contingencies of €200 K for a license that the company granted to its Brazilian partner in 2010. The net result before consolidated goodwill was adversely affected by exceptional outlay (direct costs and provisions) for a restructuring project carried out at Symetrix and HAPPYneuron in order to ensure positive results in 2014.

EBITDA is € +282 K.

Over the period, the research tax credit came to €66 K, compared with €88 K in 2012.

Balance sheet items. As of 31 December 2013, the Group had a solid financial structure with company capital of € 5.04 million, financial debts of € 0.33 million, and funds of €0.89 million, giving it the resources to continue to develop securely.

 

Implementation of a medium-term development plan

SBT, with a clear differentiating structure based on two activities, is implementing a development plan to speed up its profitable organic growth and to double in size 4 to 5 years from now.

This target is based on solid strengths that place the SBT Group among the main competitors in these markets:

  • A very high level of understanding of the neurosciences, and in particular cognitive sciences, combined with recognized expertise in creating and using new technologies.
  • A highly innovative dimension with an R&D center that enjoys a budget of over 5% of the turnover, ensuring the legitimacy of the company’s offering.
  • A range that now comprises stimulation and cognitive remediation programs in the “Digital Brain Health” market, estimated to be worth $6 billion by 2020.
  • A Consultancy and Human Resources division that shows high growth-potential with our portfolio of key accounts, as the strong growth recorded since mid-2013 demonstrates.

 

SBT CONTACT

Franck Tarpin-Bernard PhD, Managing Director of the SBT Group

INVESTOR/PRESS CONTACT

Amalia Naveira/Marie-Claude Triquet

Actus Lyon

Tel.: 00 33 4 72 18 04 93

anaveira@actus.fr/mctriquet@actus.fr

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Arnava breakfast, 29 April 2014

At a breakfast organized on 29 April at the Club Le Doyen in Paris, Arnava (SBT Group), a consultancy firm specializing in assessing managers, presented a study on managers and supervisors from 40 large French and international groups the theme of which was “which leadership models should we adopt for the directors and managers of the future?”

To better understand what companies of the future will look like, Arnava asked managers about the changes taking place in their profession, the difficulties they encounter, and the direction that changes are going in. The results show that the new leadership models are at the heart of a system of issues inextricably linked with each other: be they economic, societal or cultural. 3 factors affect new managerial practices in particular: new technologies, new generations (Y, Z) and the CSR.

The conclusions of this study were presented to the guests and journalists attending this event, which was an opportunity for discussing “best practices” and for sharing experiences.

Please contact us if you would like to see the results of this study.

Which leadership model should we adopt for the managers of the future?

Michel Noir, President of Arnava

The MASSAI project is introduced at Bercy, in Paris

MASSAI presented by Franck Tarpin-Bernard for the Minister of Economic Regeneration     MASSAI Pellerin

On Friday 24 January 2014, at Bercy, in Paris, an exhibition of 20 innovative collaborative projects from competitiveness clusters took place. The aim of this exhibition organized by the DGCIS (General Directorate of Industry and Services) was to promote corporate innovative endeavors by presenting high-potential R&D projects.

The MASSAÏ project (Measurement and Management of Stress in Computerized Learning Situations) overseen by SBT, was selected in the ICT category (information and communication technologies). In turn, the ministers Arnaud Montebourg, Geneviève Fioraso and Fleur Pellerin came to listen to Franck Tarpin-Bernard, Managing Director of the group, present the content of the project in detail.

Just to remind you, the MASSAÏ project, which will be completed in June 2014, aims to develop tools, initially intended for the training sector, to measure and manage stress. Buoyed up the enthusiasm for the project and the flexibility of the various schemes developed, the SBT Group now plans to use the MASSAÏ tools in professional contexts where stress may have an effect on the wellbeing and the effectiveness of employees.

The MASSAÏ project is jointly funded by BPI France, the Rhône-Alpes region in France and the council of the Rhône département. The consortium brings together, with SBT at the center, the company CORYS and the university laboratories, LUTIN and LIG.

 

Franck Tarpin-Bernard, elected Secretary General of CEN-STIMCO

Franck Tarpin-Bernard, Managing Director of SBT, has just been elected Secretary General of CEN-STIMCO, the National Center for Expertise in Cognitive Stimulation.

The missions of CEN-STIMCO entail supporting and developing applications and technological solutions connected with cognitive stimulation, promoting the construction of offerings that meet the needs of the cognitive stimulation market, cooperation between the academic, medical and business sectors, the workplace and the socio-economic environment, as well as innovation in developing computerized systems for cognitive stimulation, cognitive optimization and the compensation for cognitive deficits with regard to participation through partnerships with research bodies and companies.

The National Center for Expertise in Cognitive Stimulation (CEN STIMCO) is a “facilitating” body whose independence, neutrality and transparency aim to encourage contact between users, handicap professionals, companies that use technological solutions, their suppliers, charities for patients and their families and cognitive stimulation researchers.

Additional recognition of the legitimacy of SBT in the field of neurosciences and cognitive sciences.

National Center for Expertise in Cognitive Stimulation

Increased share ownership in Symetrix

On 20 December 2013, SBT bought 6.25% of the capital of Symetrix, a company specializing in innovative training schemes, bringing its majority ownership of the company’s shares to 95.1%.

This operation means that Symetrix can enter SBT’s tax consolidation group.

SBT has proved that it is now among the major companies in the sector of corporate support in performance research.

Since a company’s performance is more than ever linked with its ability to renew its strategy while meeting the fundamental individual and group needs of its employees, SBT offers a full range of services that aim to develop both people and organizations.