QPR Software's Interim Report January – September 2021 Published

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

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.