QPR Software Plc Interim Report January-September 2024 has been published

QPR Software Plc Interim Report for January-September 2024: The growth in SaaS net sales supports positive development, with profitability improving already for the eighth consecutive quarter compared to the same period last year. The most significant achievement of the third quarter was the signing of a contract with a global luxury brand.

CEO Heikki Veijola:

“In the third quarter, we continued to execute our strategy as planned, and the company's turnaround is progressing steadily. We have achieved our eighth consecutive quarter of improved results compared to the same period last year, indicating positive development. However, growth this time was modest, as market recovery has been slower than anticipated. Strengthening customer relationships, expanding our partner network, and acquiring new clients continue to support long-term growth. The most significant achievement of the quarter was securing a contract with a global luxury brand, which selected QPR ProcessAnalyzer to optimize its business processes, solidifying our position as a leader in process mining.”

FINANCIAL DEVELOPMENT BRIEFLY

JULY-SEPTEMBER 2024

• SaaS net sales increased by +15%  
• Software net sales decreased by -3%  
• Net sales was 1,409 thousand euros, down -22% (July-September 2023: 1,806) due to company’s discontinuation of consulting outside the core business.  
• EBITDA was 269 thousand euros (242), an increase of +11%
• The operating profit was -6 thousand euros (-12), +6 thousand euros change compared to the previous period
• Profit before taxes was -33 thousand euros (-37), +4 thousand euros change compared to the previous period
• The result was -33 euros (-37), +4 thousand euros change compared to the previous period
• Earnings per share was -0.002 euros (-0.002)
• Cash flow from operations 34 thousand euros (-640), +674 thousand euros change compared to the comparison period

JANUARY-SEPTEMBER 2024

• SaaS net sales increased by +15%
• Software net sales increased by +4%
• Net sales was 4,651 thousand euros, down -22% (January-September 2023: 5,951) due to company’s discontinuation of consulting outside the core business.
• EBITDA was 745 thousand euros (213), a difference of +532 thousand euros from the comparison period
• The operating profit was -39 thousand euros (-529), a difference +490 thousand euros from the comparison period
• Profit before taxes was -107 thousand euros (-617), a difference +510 thousand euros from the comparison period
• The result was -107 thousand euros (-617), a difference +510 thousand euros from the comparison period
• Earnings/share was -0.006 euros (-0.038)
• Cash flow from operations -226 thousand euros (20), a difference of -246 thousand euros from the comparison period  

For more information:

Heikki Veijola
Chief Executive Officer
QPR Software Plc
Tel. +358 40 922 6029