We innovate, develop and sell software and services aimed at analyzing, monitoring and modeling operations in organizations.
We focus our product development to meet the increasing challenges organizations face in leading their operations in digitalizing world.
Our business areas are process mining, process modeling, enterprise architecture modeling and performance management.
In 2020, the coronavirus pandemic had a negative impact especially on new software sales. Customers postponed new purchases of our software offering due to uncertainties in their own future outlook, as well as due to uncertainties related to operating through remote work and in lock-down circumstances.
The exceptional circumstances caused by the pandemic will continue to have an impact on our business in the first months of this year, but we are already seeing signs of normalization in software purchase decisions. Based on actual sales performance in early 2020 and current sales funnel, QPR expects net sales to grow in 2021 (2020: EUR 8,971 thousand). At the end of 2020, our software sales funnel size increased by well over 20% compared to a time one year ago and before the pandemic. Furthermore, service sales funnel increased even more than software sales funnel.
QPR plans to moderately increase its sales, marketing and product development costs this year. The Company estimates EBITDA and operating result to improve compared to 2020, despite the planned increase in costs