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ARINSO
Euronext Brussels

ARINSO International (Euronext Brussels: ARIN) is a global HR Services partner offering comprehensive HR business solutions to the world’s largest employers. ARINSO is dedicated to HR Excellence through Strategic Guidance, Integration Services and customised HR Service Delivery Solutions. 
ARINSO was founded in 1994, and currently employs close to 1,200 staff in 20 countries: Belgium, Luxembourg, the Netherlands, France, Spain, Portugal, Italy, United Kingdom, Germany, Sweden, Finland, US, Canada, Argentina, Brazil, Mexico, Singapore, Malaysia, Taiwan and Morocco. 

ARINSO International (Euronext Bruxelles : ARIN) est un partenaire de Services RH proposant des solutions RH novatrices aux plus grandes sociétés mondiales.  ARINSO se consacre à l'Excellence des Ressources Humaines au travers de conseils stratégiques, de services d'externalisation et de services d'intégration des technologies RH.
Créé en 1994, ARINSO emploie actuellement plus de 1.800 salariés dans 22 pays, à savoir : Belgique, Luxembourg, Pays-Bas, France, Espagne, Portugal, Italie, Royaume-Uni, Allemagne, Suède, Suisse, Finlande, Pologne, États-Unis, Canada, Argentine, Brésil, Mexique, Singapour, Malaisie, Thaïlande et Maroc.



Last updated: September 05, 2006 
ARINSO's contract volume in HR & Payroll services set to double in 2006 
Further acceleration in deal intake across all regions 
Solid results for the first half of 2006: 
Net sales: EUR 97.8 million (+ 15%) 
EBITDA: EUR 9.8 million (+ 20%) 
EBITA: EUR 8.2 million (+ 19%) 
Net profit: EUR 5.9 million (+ 4%) 
Brussels, 5 September 2006
ARINSO International (Euronext Brussels: ARIN), a global HR Services partner offering innovative HR solutions, is well underway towards doubling the total number of client employees serviced across Europe, Americas & Asia Pacific. At the start of 2006, ARINSO People Services had contracted HR & Payroll services for 300,000 employees across the globe. With the new contracts signed in the first half of 2006, this client base is set to reach 600,000 by early 2007 - ahead of plan. This proves that ARINSO's market position in HR & Payroll outsourcing continues to strengthen, as international employers are increasingly looking for HR outsourcing solutions based on SAP and ARINSO's euHReka platform
Although the financial impact of these new contracts is not yet reflected in the 1H06 results, ARINSO is confident that it is moving towards its mid-term objective of continued solid topline growth with sustained profitability.
ARINSO announces 1H06 net sales of EUR 97.8 million (+15%), marking the 12th consecutive quarter with double-digit sales growth. Earnings before interest, taxes & amortization (EBITA) grew 19% to EUR 8.2 million, resulting in a margin of 8.4% compared to 8.1% in 1H05. Net profit grew 4% to EUR 5.9 million, resulting in net earnings per share of ¬ 0.39 per share. 

ARINSO International wins SAP Pinnacle Award for Global Customer Satisfaction 
SAP customers acknowledge quality of
ARINSO service delivery globally 
Paris - Brussels, May 31, 2006
ARINSO International (Euronext Brussels: ARIN), a leading provider of HR Technology Consulting and Outsourcing Services, has been awarded the prestigious SAP Pinnacle Award for Global Customer Satisfaction. The award ceremony took place at the eve of SAPPHIRE, SAP's international partner and customer event in Paris.
In a recent customer satisfaction survey conducted by SAP among more than 500 companies running SAP business solutions, ARINSO was ranked well ahead of over 2,000 SAP partners for its outstanding Global Customer Satisfaction.  Overall, this is considered the greatest recognition a SAP partner can get.
SAP Pinnacle Awards recognize SAP partners that have excelled in developing a partnership and mutual business with SAP by providing high-quality products, solutions and services to customers.
Over the years, ARINSO has continuously focused on customer satisfaction. Last year, ARINSO completed the SAS 70 audit for its HR outsourcing & payroll services, establishing a solid foundation for global compliance, quality management and increased customer satisfaction. Early 2005, ARINSO was selected to join the "BPO Services Powered by SAP" program, strengthening ARINSO's position in the growing HR & Payroll Outsourcing market. 
Christophe De Wit, Global Alliance Manager, ARINSO International: "There is no greater compliment than receiving a prize from our clients confirming their satisfaction with the services ARINSO is providing. Winning this SAP Pinnacle Award is a superb reward for our employees, showing that our customers value their continuous effort, their expertise, and their true professionalism."
ARINSO has been implementing SAP HR solutions since 1994 in over 75 countries worldwide. As a global SAP BPO (Business Process Outsourcing) partner and with over 750 SAP installations in the field of HR globally, ARINSO helps its customers to become the world's greatest employers, by innovating in HR and by outsourcing HR operations

1Q06: Sales growth & EBITA in line with targets 
Net sales: € 47.3 million (+ 13%)
EBITDA: € 4.9 million (+ 19%) 10.3 % margin 
EBITA: € 4.1 million (+ 18%) 8.7 % margin 
Net profit: € 3.1 million (+ 11%)
Brussels, 23 May 2006 - ARINSO International (Euronext Brussels: ARIN), a global HR Services partner offering innovative HR business solutions, continued in the first quarter its solid performance of 2005. 1Q06 has been the 11th consecutive quarter with double digit sales growth for ARINSO - a track record which proves the successful roll-out of our business model aiming at balancing projects and long-term recurring revenues. 
Net sales growth was in line with previous quarters, whereas the EBITA margin was 8.7%, a further improvement over the whole of 2005. In the current market conditions, ARINSO is confident that 2006 will again be a year of solid double digit sales and margin growth. 
1Q06 net sales amounted to €47.3 million, an increase of 13% compared to the previous year. Earnings before amortization, interest & taxes (EBITA) grew 18% to €4.1 million, resulting in an EBITA margin of 8.7% up from 8.3% in 1Q05. EBITDA grew 19% to €4.9 million. Net profit increased with 11% to reach €3.1 million, leading to net profit per share of €0.21.
All three business lines delivered a solid performance: HR Strategy, HR Integration and HR Outsourcing, accounted for respectively 4%, 61% and 35% of group sales. Quarter on quarter, ARINSO is moving closer to its strategic objective of balancing long-term recurring services with consulting revenues.
In all regions, ARINSO witnesses strong demand both in HR Business Consulting, HR Integration as HR outsourcing activities. That has led to solid sales and EBITA growth across the board. ARINSO Europe (+12%) accounts for 79% of group sales, ARINSO Americas (+17%) represents 17% of group sales.
Activities in Asia Pacific (+53%) continue to deliver high growth as ARINSO's off-shore capabilities are valued as a key commercial asset. Increasingly, clients seek to lower their cost of HR services, using a model of seamless local and off-shore service provision. Besides operations in Kuala Lumpur, Singapore & Thailand, ARINSO will open an HR Service center in Manila (The Philippines) by Q3, 2006. In March 2006 the group has incorporated ARINSO Australia, celebrating ARINSO's 25th country.
Early January 2006, ARINSO announced the acquisition of OpenHR, a leading provider of pre-packaged eHR solutions and a highly respected SAP NetWeaver partner. From its inception in 1997, OpenHR has provided SAP consulting services to over 70 companies and completed more than 200 successful installations of its e-HR templates for clients all over the world. OpenHR is active across Europe and North-America with offices in Brussels, Paris, Madrid and Atlanta and clients in 10 different countries. In 2005, revenues exceeded EUR 6 million. OpenHR has been consolidated as of January, and has been integrated successfully into the ARINSO organization.
Lansdowne, a UK specialist in Recruitment Process Outsourcing has been acquired in March, and will be consolidated as of April 2006. ARINSO will actively promote the innovative Recruitment Process Outsourcing services across its international client base.

Feb. 24, 2006 
2005 - excellent year in net sales and profitability 

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