reports
- Thomas Couvreur
Hybrid Software Group 1Q25 trading update: Weak Printing Software reve...
Printing Software saw a tough reference period with a large 5-year contract signed in 1Q24. However a 55% revenue decline is significantly worse than we expected. Printing Software revenues are lumpy, so potential for a catch up in the remainder of the year. In the other segments strong Printhead Solutions compensates for slightly weaker Enterprise Software. Management remains positive on 2025, highlighting healthy sales funnels across all segments.
- Thomas Couvreur
Hybrid Software Group Goodwill impairments offset profitability improv...
HYSG reported top-line growth for FY24, but below our expectations. 6.2m of goodwill impairments, mainly on the Labels & Packaging business, results in a net loss for the year. HYSG has made profitability improvements, which will continue into FY25. Although our gross profit expectations going forward seem too ambitious, increased profitability could compensate. HYSG now also has a 3m net cash position that could be leveraged further to generation additional value, beyond the ongoing 1m SBB. We...
- Thomas Couvreur
- Thomas Couvreur
Hybrid Software Group Weaker 3Q24 than expected; Drupa effect not (yet...
Hybrid Software Group's 3Q24 results are weaker than expected both in top & bottom line. Coming from a strong 1H24 combined with an expected order uptick from the Drupa exhibition, flat revenues YoY are a surprise. We maintain our recommendation and TP for now, though do see some additional downside risk to our case.
- Hilde Van Boxstael
- Michiel Declercq
- Thibault Leneeuw
- Thomas Couvreur
- Thomas Vranken
- Wim Lewi
- Hilde Van Boxstael
- Jacob Mekhael
- Thomas Couvreur
- Thomas Vranken
- Wim Lewi
- Vincent Koppmair
(Sponsored) Hybrid Software Group - FY23 results - Promising outlook
Hybrid Software Group published its FY23 results and here are the main highlights:Sales in 2023 lands at EUR 48.0m (+2.8% YoY)EBITDA slightly down (-4% excluding one-off), but profit from continuing operations is up 18% YoYCEO guides for operating profit to double in 2024More details in our Note published this morning
- Hilde Van Boxstael
- Kristof Samoy
- Michiel Declercq
- Thomas Couvreur
- Thomas Vranken
- Wim Lewi
- Thomas Couvreur
Hybrid Software Group Drupa exhibition as key growth accelerator in 20...
We expect the Drupa exhibition to be a key catalyst for Hybrid Software Group this year. Although we do expect a sales lag leading up to the event, this should be more than compensated by a strong boost to sales over 2H24. This will put HYSG solidly on track for their €100m revenue target at 35% margin and will return some confidence in the stock after a more subdued 2023. We lower our TP slightly to €5.0 from €5.3, mainly from shifting that €100m target to the later end of the guided range. How...
Hybrid Software Group PLC: Financial reporting calendar 2024
Hybrid Software Group PLC: Financial reporting calendar 2024 PRESS RELEASE Financial reporting calendar 2024 Cambridge (UK) 13 December 2023 (08.00 CEST) – Hybrid Software Group PLC (Euronext: HYSG) plans to publish the following financial information before market opening on the following dates: DatePublication22 March 2024Annual report and accounts for the year ending 31 December 20232 May 2024Quarterly trading update for the quarter ending 31 March 202425 July 2024Condensed consolidated financial statements for the six months ending 30 June 202424 October 2024Quarterly trading update ...
Hybrid Software Group PLC: Notification of transactions in shares by p...
Hybrid Software Group PLC: Notification of transactions in shares by persons discharging managerial responsibility PRESS RELEASE – REGULATED INFORMATION Notification of transactions in shares by persons discharging managerial responsibility ("PDMRs") Cambridge (UK) 7 November 2023: The Company makes the following announcement and notification in respect of the EU Market Abuse Regulation. 1Details of the person discharging managerial responsibilities / person closely associateda)NameGuido Van der Schueren2Reason for the notificationa)Position/statusChairmanb)Initial notification/AmendmentI...
Hybrid Software Group PLC:
Hybrid Software Group PLC: PRESS RELEASE – REGULATED INFORMATION Notification of transactions in shares by persons discharging managerial responsibility ("PDMRs") Cambridge (UK) 30 October 2023: The Company makes the following announcement and notification in respect of the EU Market Abuse Regulation. 1Details of the person discharging managerial responsibilities / person closely associateda)NameMichael Rottenborn2Reason for the notificationa)Position/statusCEOb)Initial notification/AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platfor...
Hybrid Software Group releases Q3 results
Hybrid Software Group releases Q3 results PRESS RELEASE - REGULATED INFORMATION HYBRID SOFTWARE GROUP RELEASES Q3 RESULTS Cambridge (UK) 26 October 2023 (08.00 CEST) – Hybrid Software Group PLC (Euronext: HYSG) provides a trading update for the nine months ended 30 September 2023. CEO Mike Rottenborn comments, “The third quarter of 2023 was marked by overall consistent performance compared to the same period of 2022, with consolidated revenues up 3% and yielding a 19% EBITDA margin. Last year’s third quarter EBITDA was very favourably impacted by the one-time sale of an unused asset (ap...
- Guy Sips
- Hilde Van Boxstael
- Jacob Mekhael
- Kristof Samoy
- Thibault Leneeuw
- Thomas Couvreur
- Thomas Vranken
- Wim Hoste
- Wim Lewi
Hybrid Software Group releases Q3 results
Hybrid Software Group releases Q3 results PRESS RELEASE - REGULATED INFORMATION HYBRID SOFTWARE GROUP RELEASES Q3 RESULTS Cambridge (UK) 26 October 2023 (08.00 CEST) – Hybrid Software Group PLC (Euronext: HYSG) provides a trading update for the nine months ended 30 September 2023. CEO Mike Rottenborn comments, “The third quarter of 2023 was marked by overall consistent performance compared to the same period of 2022, with consolidated revenues up 3% and yielding a 19% EBITDA margin. Last year’s third quarter EBITDA was very favourably impacted by the one-time sale of an unused asset (ap...
- Vincent Koppmair
Hybrid Software Group PLC: Result of the Extraordinary General Meeting
Hybrid Software Group PLC: Result of the Extraordinary General Meeting Cambridge (UK) 23 October 2023: Hybrid Software Group PLC announces the result of its Extraordinary General Meeting (“EGM”). At the Company's EGM held on the 19 October 2023, the resolution to appoint PKF Littlejohn as the group’s auditor for the year ending 31 December 2023 was passed without amendment. About Hybrid Software GroupThrough its operating subsidiaries, (Euronext:) is a leading developer of enterprise software for industrial print manufacturing. Customers include press manufacturers such as HP, Canon, Dur...
HYBRID SOFTWARE GROUP PLC: NOTICE OF EXTRAORDINARY GENERAL MEETING AND...
HYBRID SOFTWARE GROUP PLC: NOTICE OF EXTRAORDINARY GENERAL MEETING AND APPOINTMENT OF NEW AUDITOR PRESS RELEASE HYBRID SOFTWARE GROUP PLC: NOTICE OF EXTRAORDINARY GENERAL MEETING AND APPOINTMENT OF NEW AUDITOR Cambridge (UK) 27 September 2023: Hybrid Software Group PLC today announces it has completed a competitive tender process for its group audit, overseen by the Audit Committee, which has carefully evaluated the offering of each applicant. This has resulted in a recommendation from the Audit Committee, which has now been endorsed by the Board, that a resolution be put to shareholders ...
- Guy Sips
- Hilde Van Boxstael
- Jacob Mekhael
- Michiel Declercq
- Thibault Leneeuw
- Thomas Couvreur
- Thomas Vranken
- Wim Hoste
- Wim Lewi
Hybrid Software Group PLC Publishes 2023 Interim Report
Hybrid Software Group PLC Publishes 2023 Interim Report PRESS RELEASE – REGULATED INFORMATION Hybrid Software Group PLC Publishes 2023 Interim Report Cambridge (UK), 27 July 2023 (08.00 CEST): Hybrid Software Group PLC (Euronext: HYSG) announces it has published its half year report and unaudited condensed consolidated interim financial statements for the six months ended 30 June 2023. The full document is available to download from the financial reports section of the Company’s web site at . Mike Rottenborn, Hybrid Software Group CEO comments, “The difficult economic conditions...
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