Prodware Mixed Results for the First Half Of 2019

Nachrichtenquelle: Business Wire (engl.)
22.10.2019, 17:45  |  182   |   |   

Regulatory News:

Prodware (Paris:ALPRO):

Revenues for the third quarter of 2019: €35.2 million (+5.9%)

IFRS*

Unaudited data - in €m

H1 2018

H1 2019

Change

Consolidated revenues

90.1

91.0

+1.1%

EBITDA

As % of revenue

19.0

21.1%

22.3

24.5%

+17.4%

Current operating income

As % of revenue

11.3

12.5%

7.3

8.0%

-35.6%

Operating profit

As % of revenue

11.1

12.3%

7.7

8.4%

-31.0%

Net income, Group share

As % of revenue

7.6

8.5%

5.1

5.6%

-33.8%

* Including the effect of the adoption of IFRS 16 on financial year 2019

Continuation of strategy to boost recurring revenues and international development

Over the first half of 2019, Prodware posted consolidated revenues of €91.0 million, an increase of 1.1%. Restated for the acquisition of AIGA-CTAC in 2018 and the neutralisation of integrated revenues (e.g. retail and digital activity), revenues were down 2.6%.

Since the beginning of its financial year, Prodware has continued to develop its business more towards recurring revenues, which generate higher margins and enable it to better anticipate the future. Against this backdrop, sales in SaaS mode and maintenance revenues increased by 7.8% to €35.9 million and represented 39.5% of revenues compared to 37.0% for the same period in 2018.

In addition, international sales, the driving force behind Prodware’s commercial strategy, rose sharply over the six months to €55.4 million and now make up the majority of the Group’s income (60.9% of the total).

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