QPR Software begins collaboration with internationally renowned luxury brand
QPR Software Plc has entered into an agreement with a global luxury brand. This internationally renowned giant in its industry has selected QPR ProcessAnalyzer...
QPR SOFTWARE STOCK EXCHANGE RELEASE, OCTOBER 22, 2021 AT 9:00 AM
Net sales increased 13% and operating profit improved in July – September 2021
January – September 2021
Net sales amounted to EUR 7,085 thousand (January – September 2020: 6,630), growth 7%.
SaaS net sales as well as consulting and software license net sales increased. Software maintenance net sales decreased from previous year.
International net sales represented 51% of Group net sales (47).
EBITDA increased to EUR 671 thousand (221).
Operating result (EBIT) amounted to EUR -198 thousand (-752).
Earnings per share EUR -0.019 (-0.055).
July – September 2021
Net sales amounted to EUR 2,043 thousand (July – September 2020: 1,801).
Net sales increased 13%, driven by growth in international net sales.
SaaS net sales as well as consulting and software license net sales increased.
EBITDA amounted to EUR 103 thousand (-109).
Operating result (EBIT) amounted to EUR -208 thousand (-413).
Operating expenses remained on the same level as in previous year.
Business operations
QPR Software´s mission is to make customers agile and efficient in their operations. We innovate, develop, and sell software for analyzing, monitoring, and modeling organizations’ operations. Furthermore, we offer customers consulting services related to our software.
Outlook for 2021 (adjusted)
The exceptional circumstances caused by the Covid-19 pandemic continue to affect new customer acquisition, but there are signs of customer decision making normalizing when it comes to software procurement. Based on actual net sales year-to-date, recurring customer revenues, consulting booking levels, and the current portfolio of sales opportunities, QPR expects its net sales to grow by 4-9% in 2021 (2020: EUR 8,971 thousand), and EBITDA and operating result to improve compared to 2020.
See the executive summary here.
Read QPR Software Interim Report January – September 2021 here.
QPR SOFTWARE PLC
BOARD OF DIRECTORS
Further information:
Jussi Vasama, CEO
Tel. +358 (0) 50 380 9893
Distribution:
NASDAQ OMX Helsinki Ltd
Main Media
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Marketing manager in Process Mining at QPR Software.
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