CA1011A
Fimalac reported revenue of €545.1 million for fiscal 2011 (October 1, 2010 to September 30, 2011) versus €487.3 million for the previous fiscal year, representing an increase of 11.9% on a reported basis and 9.4% like-for-like.
| (in € millions) | Fiscal 2010 | Fiscal 2011 | % change (reported) | % change (like-for-like)* | |
| Fitch Ratings | 487.3 | 525.5 | + 7.8% | + 9.4% | |
| (of which Fitch Solutions) | |||||
| Other | __ | 19.6 | N/A | N/A | |
| | |||||
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Consolidated revenue | 487.3 | 545.1 | + 11.9% | + 9.4% | |
Fitch Ratings ended fiscal 2011 with revenue of €525.5 million ($732.5 million) compared with €487.3 million ($656.9 million) the previous year, an increase of 7.8% including like-for-like growth of 9.4%. All segments of the rating business, including structured finance, generated higher revenues across all regions.
In accordance with IFRS, due to the sale of Algorithmics on October 20, 2011 after the fiscal year-end, the subsidiary's revenue has not been recognized by the Group in fiscal 2011 and has been excluded from prior-year data to permit meaningful comparisons.
Fimalac's consolidated revenue also includes €19.6 million in revenue from Vega, which was acquired in November 2010.
* At constant exchange rates and excluding material changes in scope of consolidation.