Brief: Axway FY Operating Profit Down At 17.3 Million Euros

74Software SA

22/02/2022 16:58

Feb 22 (Reuters) - Axway Software SA  AXW.PA :
    * FY REVENUE DOWN 2.7% ORGANICALLY AT 285.5 MILLION EUR
    * FY BASIC EARNINGS PER SHARE EUR 0.45 VERSUS EUR 0.40 YEAR
AGO
    * 2021 FULL-YEAR REVENUE OF EUR 285.5 MLN, AN ORGANIC
DECLINE OF
2.7%, IN LINE WITH ANNOUNCEMENT OF JANUARY 19, 2022
    * FY MARGIN ON OPERATING ACTIVITIES UP 110 BASIS POINTS
YEAR-ON-YEAR TO 11.5% OF REVENUE, OR EUR 32.9 MLN
    * FOR 2022, AXWAY'S OBJECTIVE IS TO ACHIEVE ORGANIC REVENUE
GROWTH
OF BETWEEN 1% AND 3%
    * FY RECURRING REVENUE REPRESENTING 82% OF TOTAL REVENUE AND
93%
OF PRODUCT REVENUE
    * COMPANY ALSO AIMS TO IMPROVE ITS PROFITABILITY, WITH A
MARGIN ON
OPERATING ACTIVITIES OF BETWEEN 12% AND 14% OF REVENUE FOR YEAR.
    * FY NET PROFIT ATTRIBUTABLE TO THE GROUP EUR 9.6 MILLION
VERSUS
EUR 8.5 MILLION YEAR AGO
    * FY OPERATING PROFIT EUR 17.3 MILLION VERSUS EUR 17.6
MILLION
YEAR AGO
    * SHAREHOLDERS' EQUITY STOOD AT EUR 372.2M AT DECEMBER 31,
2021,
COMPARED TO EUR 355.5 MLN AT END OF 2020.
    * AXWAY WILL ASK SHAREHOLDERS TO APPROVE DISTRIBUTION OF A
DIVIDEND WITH A VALUE OF EUR 0.40 PER SHARE
    * AT DECEMBER 31, 2021, AXWAY'S FINANCIAL POSITION WAS
SOLID, WITH
CASH OF EUR 25.4M AND BANK DEBT OF EUR 61.8 MLN
    * CONFIRMS MEDIUM TERM AMBITIONS

Further company coverage:  AXW.PA 

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