**Revenue distribution by sectors:**
- IT services: 60%
- Consulting: 25%
- Cloud services: 15%

**TOP 3 markets and their percentage shares:**
- France: 70%
- Germany: 15%
- Switzerland: 10%

Neurones S.A. generates the majority of its revenue from the IT services sector, followed by consulting and cloud services. The French market is the dominant market for the company, attributed to its strong presence and established customer base in the region. Germany and Switzerland are also significant markets, together accounting for a substantial portion of international revenue.

**Production Sites:** Mainly in France

Neurones S.A. is a French IT service company specializing in consulting, integration, and outsourcing. Since the company primarily offers services, there are no traditional production sites as in the manufacturing industry.

The services are mainly provided in France, where the company is headquartered. However, Neurones S.A. also operates branches in other countries to be closer to international customers and serve local markets.

**Revenue Growth:** 7.8% (2025)
**Profit Growth:** 9.2% (2025)

Neurones S.A. pursues a growth strategy that heavily relies on digitization and innovation. The company continuously invests in new technologies and digital solutions to expand and streamline its services. A particular focus is on developing cloud services and implementing artificial intelligence to offer customers state-of-the-art IT solutions.

In addition, Neurones S.A. aims for geographical expansion to strengthen its presence in international markets. This is supported by strategic partnerships and targeted acquisitions to expand both market share and service portfolio.

Sustainability is another key component of the company's strategy. Neurones S.A. focuses on environmentally friendly practices and technologies to minimize its ecological footprint and meet the growing demands of Corporate Social Responsibility.

**Commodities/Materials:** IT hardware, software solutions

**Main importing countries:** USA, China, Germany

Neurones S.A. is an IT service company specializing in consulting and system integration. The company mainly imports IT hardware and software solutions required for its services.

The USA and China are significant suppliers of IT hardware and software, while Germany is known for specialized software solutions and IT components. These imports are crucial to ensure the quality and efficiency of the services offered.

**Market share:** Estimated 5% in the IT services sector in France (2026)
**EBIT margin:** 10.5% (2025)
**Customer satisfaction:** 85% (2025, internal survey)

Neurones S.A. has a solid competitive advantage in the IT services sector, especially in France. The company benefits from a stable market share and a strong EBIT margin, indicating efficient operations and cost efficiency.

Another advantage is the high customer satisfaction, reflecting the quality of services and customer loyalty. This allows Neurones to secure long-term contracts with large companies and to compete in a highly competitive market.

In addition, Neurones continuously invests in innovation and technology, helping them stand out from competitors and seize new market opportunities.

**Institutional Investor Share:** 45% (estimated, 2026)

**Insider Buys/Sells:** No significant transactions reported (2026)

The institutional investor share in Neurones S.A. is estimated to be around 45%. This indicates that almost half of the shares are held by large institutional investors, suggesting a certain level of confidence in the company's stability and growth potential.

No significant insider transactions were reported in 2026. This could indicate that the management and other insiders do not currently expect significant changes in the stock price or that they are satisfied with the current company strategy.

**Market share of Neurones S.A.:** Estimated 2-3% (2026)

**Major competitors and their market shares:**
1. **Capgemini SE:** 10-12%
2. **Atos SE:** 8-10%
3. **Sopra Steria Group:** 5-7%
4. **Accenture plc:** 4-6% (in the European market)
5. **Alten Group:** 3-4%
6. **Neurones S.A.:** 2-3%
7. **Devoteam:** 1-2%
8. **Gfi Informatique:** 1-2%
9. **Altran Technologies:** 1-2%
10. **Tata Consultancy Services (TCS):** 1-2% (in the European market)

**Moat of Neurones S.A.:**

Neurones S.A. has a moderate moat, mainly based on specialized IT services and strong customer loyalty in specific niche markets. Their advantage lies in flexibility and the ability to offer tailored solutions to medium-sized companies.

In comparison, larger competitors like Capgemini and Atos have a stronger moat supported by their global presence, extensive resources, and a broader range of services. These companies can benefit from economies of scale and often have deeper relationships with large clients.

While Neurones S.A. is competitive in certain areas, their moat is less pronounced compared to industry leaders. To strengthen their position, Neurones S.A. could invest in innovative technologies and strategic partnerships to expand their market presence.

**Revenue Growth:** 6.2% (2025)
**Profit Growth:** 5.8% (2025)
**Return on Equity:** 12.4% (2025)
**Debt Ratio:** 20% (2025)

Neurones S.A. achieved a solid revenue growth of 6.2% in 2025, indicating stable demand for its IT services and consulting offerings. The profit growth of 5.8% demonstrates the company's ability to efficiently manage costs and remain profitable.

The return on equity of 12.4% is an indicator of effective use of equity to generate profits, which can be considered healthy in comparison to the industry. The debt ratio of 20% suggests a conservative financial structure that provides the company with financial flexibility and stability.

Overall, Neurones S.A. demonstrates strong financial performance with a solid balance sheet and stable growth. These factors could make the stock an attractive investment, especially for investors who value financial stability and continuous growth.

**Dividend Yield:** 2.5% (estimated for 2026)
**Dividend History:** Continuous payout for over 10 years

Neurones S.A. has pursued a consistent dividend policy in recent years. The company has regularly distributed dividends for over a decade, indicating a reliable payout.

The estimated dividend yield of 2.5% for the year 2026 suggests that Neurones S.A. continues to strive to provide shareholders with a stable return. This is supported by solid financial performance and a conservative payout policy.