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QPR Software's Interim Report January-September 2020 Published

October 27, 2020 at 11:25 AM

QPR SOFTWARE STOCK EXCHANGE RELEASE, OCTOBER 27, 2020 AT 9:00 AM EET

Software license and maintenance net sales decreased, cloud services and consulting net sales increased

July - September 2020

  • Net sales amounted to EUR 1,801 thousand (July-September 2019: 1,981).
  • Net sales decreased 9 % due to a decline in software license and maintenance services sales. During the coronavirus pandemic, sales cycles for new software deals have been significantly longer than usually and have not yet been normalized.
  • Cloud services and consulting net sales increased.
  • EBITDA was EUR -109 thousand (188).
  • Operating result (EBIT) amounted to EUR -413 thousand (-119). The decrease in operating result was due to decrease in net sales, as well as outlays in growth business areas.
  • Result for the quarter EUR -345 thousand (-85).

January - September 2020

  • Net sales amounted to EUR 6,630 thousand (January-September 2019: 7,015).
  • Net sales decreased 5 % due to a decline in software license and maintenance services sales.
  • Cloud services and consulting net sales increased.
  • EBITDA was EUR 221 thousand (838).
  • Operating result (EBIT) amounted to EUR -752 thousand (-90). The decrease in operating result was due to decrease in net sales, as well as outlays in growth business areas.
  • Result for the quarter EUR -665 thousand (-42).
  • Earnings per share EUR -0.055 (-0.004).

 

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 a variety of consulting services.


 

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

 

 

 

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.

 

 

Topics: company release, interim report

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