Interim report, January – June 2018
Period April 1 – June 30, 2018
- Net sales increased by 3 % to SEK 100.0 m (SEK 97.1 m)
- Software revenues increased by 6 % to SEK 66.1 m (SEK 62.3 m)
- Recurring revenue amounted to SEK 54.7 m (SEK 46.6 m) which corresponds to 55 % (48 %) of net sales.
- EBITDA SEK 21.5 m; 21.5 % (SEK 19.0 m; 19.6 %)
- EBITDA-adj. SEK 13.4 m; 13.4 % (SEK 9.1 m; 9.4 %)
- EBIT SEK 9.6 m; 9.6 % (SEK 7.5 m; 7.7 %)
- Net profit SEK 7.3 m; 7.3 % (SEK 5.1 m; 5.3 %)
- EPS before dilution SEK 0.14 (SEK 0.10)
- Cash flow from operating activities SEK 20.9 m (SEK 3.7 m)
Period January 1 – June 30, 2018
- Net sales increased by 5 % to SEK 201.2 m (SEK 191.8 m)
- Software revenues increased by 7 % to SEK 132.3 m (SEK 123.2 m)
- Recurring revenue amounted to SEK 106.9 m (SEK 93.7 m) which corresponds to 53 % (49 %) of net sales.
- EBITDA SEK 46.8 m; 23.3 % (SEK 37.8 m; 19.7 %)
- EBITDA-adj. SEK 30.6 m; 15.2 % (SEK 18.3 m; 9.5 %)
- EBIT SEK 23.2 m; 11.5 % (SEK 11.9 m; 6.2 %)
- Net profit SEK 17.2 m; 8.6 % (SEK 7.9 m; 4.1 %)
- EPS before dilution SEK 0.33 (SEK 0.15)
- Cash flow from operating activities SEK 40.9 m (SEK 17.4 m)
For additional information, contact:
Christian Sundin, President and CEO of Formpipe, 5
For the full report, see attached PDF.
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This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.
This information is inside information that Formpipe Software AB (publ) is obliged make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out above, at 08.45 July 13, 2018.
Formpipe develops ECM products and solutions for structuring information and supplies them to major companies, authorities and organisations. ECM products help organisations to capture, manage and distribute information, and to place it in context. The company’s software helps improve efficiency, cut costs and reduce risk exposure. Formpipe was founded in 2004 and has offices in Sweden, Denmark, United Kingdom, The Netherlands and USA. The Formpipe share is listed on NASDAQ Stockholm.
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