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QPR Software Half Year Financial Report January – June 2021 Published

QPR SOFTWARE STOCK EXCHANGE RELEASE, August 4, 2021 AT 9.00 AM

 

Improvement in net sales and operating profit

January-June 2021

  • Net sales amounted to EUR 5,042 thousand (January-June 2020: 4,830), growth 4%.
  • SaaS net sales as well as consulting and software license net sales increased. Software maintenance net sales decreased.
  • International net sales represented 49% of Group net sales (47).
  • EBITDA increased to EUR 569 thousand (330).
  • Operating result (EBIT) amounted to EUR 11 thousand (-339).
  • Earnings per share EUR -0.005 (-0.026).

 

April-June 2021

  • Net sales amounted to EUR 2,138 thousand (April-June 2020: 2,041).
  • Net sales increased 5%, driven by growth in international net sales (+14%).
  • SaaS net sales as well as consulting and software license net sales increased. Software maintenance net sales decreased.
  • EBITDA amounted to EUR 3 thousand (-60).
  • Operating result (EBIT) amounted to EUR -275 thousand (-384).
  • Operating expenses remained on the same level as in previous year.

Outlook for the full year 2021 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.


Outlook for 2021 (unchanged)

The exceptional circumstances caused by the pandemic continue to have an impact on our business, but we are already seeing signs of normalization in software purchase decisions. Based on actual sales performance in 2021 and current sales funnel, QPR expects net sales to grow in 2021 (2020: EUR 8,971 thousand).

QPR plans to moderately increase its sales, marketing and product development costs this year. Despite the planned increase in costs, the Company estimates EBITDA and operating result to improve compared to 2020.

 

Read QPR Software's Half Year Financial Report January-June2021 here.

 

 

FINANCIAL INFORMATION
In 2021, QPR Software Plc will publish its financial information, in Finnish and English, as follows:

Interim Report 1-9/2021: Friday, October 22, 2021

 

QPR SOFTWARE PLC

BOARD OF DIRECTORS

 

Further information:

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

Distribution:
NASDAQ OMX Helsinki Ltd
Main Media

Neither this press release nor any copy of it may be taken, transmitted or distributed, directly or indirectly, in or into the United States of America or its territories or possessions.

Written by

Yen Do

Marketing specialist in Process Mining at QPR Software.

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