DGAP-News

ifa systems AG: ifa systems successfully completes 2020 - Seite 2

Stable cost structure

The cost of purchased goods and services increased to € 1,010k, compared with € 934k in the previous year. This is attributable to increased sales of hardware and third-party software. Despite the addition of Sophrona, personnel expenses fell slightly from € 4.3 million to € 4.2 million. This was mainly due to shifts in new hirings in the wake of the Corona pandemic. Other operating expenses were reduced to € 1.3 million (previous year: € 1.5 million). Due to the pandemic, travel and advertising costs were down in particular, but consulting costs were also reduced. The operating result (EBIT) reached € 327k, the figure for the previous year was € 1.2 million and was also positively influenced to a large extent by the special effect in revenues. Consolidated net income amounted to € 154k, compared to € 1.2 million in the previous year, corresponding to earnings per share outstanding of € 0.06 (previous year € 0.44).

As the free cash flow in 2020 was negative due to the acquisition of Sophrona (-1,357 k€), the Board of Management proposes to the Supervisory Board not to distribute a dividend for 2020.

"The entire ifa team mastered the challenges of the past fiscal year with the greatest possible flexibility, discipline and a healthy dose of imagination. With this spirit, we will continue to shape 2021 successfully," says Polis.

Financial Year 2021

"We expect the ongoing digitization in healthcare to continue to have a positive impact on demand for our solutions in 2021. We will help to further strengthen the role of our portfolio as the integration platform through targeted developments, the expansion of technology partnerships and the use of existing innovative products from the Nexus portfolio. With the acquisition of Sophrona as well as ifa as a center of competence for ophthalmology in the Nexus Group, we also have state-of-the-art technology and a customer and prospect base that has potential far beyond the DACH market," says Polis.