PERIOD JULY 1 – SEPTEMBER 30, 2018
- Net sales increased by 9 % to SEK 95.6 m (SEK 88.0 m)
- Software revenues increased by 14 % to SEK 64.8 m (SEK 56.7 m)
- Recurring revenue amounted to SEK 56.3 m (SEK 49.9 m) which corresponds to 59 % (57 %) of net sales.
- EBITDA SEK 25.6 m; 26.8 % (SEK 22.1 m; 25.1 %)
- EBITDA-adj. SEK 16.9 m; 17.7 % (SEK 13.3 m; 15.1 %)
- EBIT SEK 13.9 m; 14.5 % (SEK 11.1 m; 12.7 %)
- Net profit SEK 10.1 m; 10.6 % (SEK 6.5 m; 7.3 %)
- EPS before dilution SEK 0.19 (SEK 0.12)
- Cash flow from operating activities SEK 19.9 m (SEK 16.9 m)
PERIOD JANUARY 1 – SEPTEMBER 30, 2018
- Net sales increased by 6 % to SEK 296.9 m (SEK 279.8 m)
- Software revenues increased by 10 % to SEK 197.2 m (SEK 179.9 m)
- Recurring revenue amounted to SEK 163.2 m (SEK 143.6 m) which corresponds to 55 % (51 %) of net sales.
- EBITDA SEK 72.4 m; 24.4 % (SEK 59.9 m; 21.4 %)
- EBITDA-adj. SEK 47.6 m; 16.0 % (SEK 31.5 m; 11.3 %)
- EBIT SEK 37.1 m; 12.5 % (SEK 23.0 m; 8.2 %)
- Net profit SEK 27.4 m; 9.2 % (SEK 14.4 m; 5.1 %)
- EPS before dilution SEK 0.52 (SEK 0.28)
- Cash flow from operating activities SEK 60.8 m (SEK 34.3 m)
For additional information, contact:
Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85
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 October 23, 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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