QPR Software's Interim Report January-June 2020 Published

QPR SOFTWARE STOCK EXCHANGE RELEASE, JULY 30, 2020 AT 9:00 AM EET

The coronavirus pandemic had an expected weakening impact on second quarter results

April-June 2020

• Net sales amounted to EUR 2,041 thousand (April-June 2019: 2,285).
• Net sales decreased 11% due to a decline in software license sales. Customers postponed software purchase decisions due to uncertainties related to coronavirus pandemic. Cloud services and consulting net sales increased.
• EBITDA was -EUR 60 thousand (153).
• Operating result (EBIT) amounted to EUR -384 thousand (-158).
• Result before taxes EUR -378 thousand (-164).
• Result for the quarter EUR -321 thousand (-98).

January-June 2020

• Net sales amounted to EUR 4,830 thousand (January-June 2019: 5,033).
• Net sales decreased 4% due to weak software license sales in the second quarter.
• EBITDA was EUR 330 thousand (650).
• Operating result (EBIT) amounted to EUR -339 thousand (29).
• Result before taxes EUR -342 thousand (3).
• Earnings per share EUR -0.026 (0.004).

Outlook for the full year 2020 remains unchanged.

Business operations

QPR Software´s mission is to make customers agile and efficient in their operations. We innovate, develop, and sell software aimed at analyzing, monitoring, and modeling operations in organizations. Furthermore, we offer customers consulting services related to our software.

Read QPR Software's Interim Report January-June 2020 here!

FINANCIAL INFORMATION

In 2020, QPR Software Plc will publish its financial information, in Finnish and English, as follows:

Interim Report 1-9/2020: Tuesday, October 27, 2020

QPR SOFTWARE PLC
BOARD OF DIRECTORS

Further information:

Jari Jaakkola, CEO, Tel. +358 (0) 40 5026 397

DISTRIBUTION:

NASDAQ OMX Helsinki Ltd
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