QPR Software Plc Financial Statement Bulletin January-December 2024 has been published

CEO Heikki Veijola:

The year 2024 marked a significant turning point for QPR Software. We have systematically advanced our strategy, expanded our partner network, and strengthened our position in the international process mining market. The initiatives launched in the previous year—including organizational adjustments, a sharpened focus on core business, and the establishment of a sustainable cost structure—have been in full swing throughout 2024, driving growth and reinforcing the foundation of our business.”

FINANCIAL DEVELOPMENT BRIEFLY

 OCTOBER-DECEMBER 2024

• SaaS net sales increased by +14%
• Software net sales increased by 44%
• Net sales were 1,963 thousand euros, up 23% (1,599) especially due to license deals in the Middle East.
• EBITDA was 275 thousand euros (-30), +305 thousand euros change compared to the corresponding period.
• The operating profit was 23 thousand euros (-283), +306 thousand euros change compared to the corresponding period.
• Profit before taxes was 4 thousand euros (-307), +311 thousand euros change compared to the corresponding period.
• The result was 26 thousand euros (-307), +334 thousand euros change compared to the corresponding period.
• Earnings per share was 0.001 euros (-0.017)
• Cash flow from operations 1,031 thousand euros (829), +202 thousand euros change compared to the corresponding period.

JANUARY-DECEMBER 2024

• SaaS net sales increased by +15%
• Software net sales increased by +14%
• Net sales were 6,614 thousand euros, down -12% (7,750) due to company’s discontinuation of consulting outside the core business.
• EBITDA was 1,020 thousand euros (182), a difference of +838 thousand euros from the
• The operating profit was -16 thousand euros (-813), a difference of +797 thousand euros from the corresponding period.
• Profit before taxes was -103 thousand euros (-924), a difference of +821 thousand euros from the corresponding period.
• The result was -82 thousand euros (-924), a difference of +842 thousand euros from the corresponding period.
• Earnings/share was -0.005 euros (-0.055)
• Cash flow from operations 806 thousand euros (849), a difference of -43 thousand euros from the corresponding period.
  
  

Read the report in full here.

Heikki Veijola

For further information:
Heikki Veijola
Chief Executive Officer
QPR Software Plc
Tel. +358 40 922 6029