Prodware

Increased Profitability in 2020 - Seite 2

The Current Operating Income, which factors in the depreciation charges and slightly higher provisions (+€0.7M compared to 2019) and €0.9M less in taxes, saw a relative increase of 9.7%.

Financial expenses totalled €6.4M in 2020, nearly equivalent to 2019 whereas corporate income tax increased by €1.5 M.

The Net income Group share reached €11.3M in 2020 compared to €10.5M in the previous fiscal year showing a 7.4% increase.

A solid and sound balance sheet

Equity capital worth €155.4M as of December 31^st, 2020 is reported on Prodware’s balance sheet increasing by 7.3% compared to December 31^st, 2019.

The net debt (excluding lease liabilities under IFRS 16), comes to €85.2M, with a debt-to-equity ratio (gearing ratio) amounting to 0,55 times the equity with a leveraged ratio based on conventional and fixed standards reining in at 1.7x 2020 EBITDA.

Perspectives

2021- 2025 strategy: « The Place to Be and the Company to Work With »

Partner of choice supporting companies through their digital transformation journey (essentially those rapidly growing mid-size companies, mid-market organizations and subsidiaries of large Groups), Prodware will continue to reinforce its innovative industry-specific solution development activity and Business Consulting practice, fields of expertise that are pivotal in supporting its customers.

In parallel, the Group will continue to develop and strengthen its market positioning in Western Europe while remaining abreast of new opportunities in Northern Europe, an area where Microsoft technologies are in great demand.

Moreover, the existing company’s centres in Eastern Europe will contribute in production capacity at a very competitive cost in this now very global marketplace, in addition to the growth forecast planned in its Western Europe geographies.

Finally, focusing on Human Capital Management is a top priority – first to make sure Prodware retain and attract talent and second, to ensure stellar Customer Relationship Management, both aspects being essential to drive solid, profitable and sustainable growth.

Next publication: Turnover of 1^st quarter of 2021: May 19^th, 2021, after market close.

About Prodware

Whether it is enabling ambitious Cloud strategies, artificial intelligence driven decision-making solutions or more flexibility and agility delivered by modern business applications, Prodware, with more than 3 decades of expertise and know how is in a class of its own.

Prodware leverages the latest technologies and technological breakthroughs building the business processes of tomorrow across the manufacturing, retail & distribution, professional services and finance verticals.

The Prodware Group is a global company founded in 1989 with regional offices in 13 countries with close to 1400 employees. Prodware is listed on Euronext Growth in Paris generating €172.4 M in annual revenue in 2020.

For more information www.prodwareGroup.com

EURONEXT GROWTH (ex. ALTERNEXT)

ISIN FR0010313486 - ALPRO - FTSE 972 Services informatiques
Prodware est éligible FCPI - Entreprise responsable, Prodware est adhérent du Global Compact.

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