Brief: Prodware FY Current Operating Income Down At Eur 14.4 Mln

Prodware SA

27/04/2022 17:19

April 27 (Reuters) - Prodware SA  ALPRO.PA :
    * AN EBITDA IN LINE WITH EXPECTATIONS, NET 2021 RESULT
IMPACTED BY
EXCEPTIONAL ITEMS
    * IN 2021, PRODWARE GENERATED 165.5 MEUR IN TURNOVER
COMPARED TO
172.4 MEUR IN 2020, SHOWING A 4% DECREASE
    * IN 2021, EBITDA MARGIN STILL REACHES A HIGH OF 21.8%
    * FY CURRENT OPERATING INCOME REMAINED STRONG AT EUR 14.4
MILLION,
WITH A LIMITED DECREASE OF 6.0%
    * AS OF DECEMBER 31, 2021, PRODWARE'S EQUITY AMOUNTS TO EUR
83.3
MILLION
    * END-FY NET DEBT AMOUNTS TO 120.8 MEUR
    * THIS AMOUNT INCLUDES IFRS LEASE LIABILITY WHICH AMOUNTS TO
EUR
110.5MEUR EXCLUDING IFRS 16
    * GROUP HAS SECURED A EUR 140 MILLION 7-YEAR UNITRANCHE
FACILITY,
BENEFITTING THEREFORE FROM AN EXTENDED MATURITY RANGE WITH NO
NEED FOR AN AMORTIZATION SCHEDULE FOR NEXT FEW YEARS
    * IN 2022, PRODWARE WILL CONTINUE TO DEVELOP ITS CONSULTING,
SOFTWARE DEVELOPMENT, INTEGRATION AND MANAGED SERVICES
ACTIVITIES SUPPORTING DIGITAL TRANSFORMATION JOURNEY OF
COMPANIES
    * GROUP WILL ACCELERATE INITIATIVES UNDERTAKEN TO CONTINUE
DEVELOPING GROWTH IN REVENUE OF SAAS SALES AND VERY HIGH
ADDED-VALUE SERVICES, PARTICULARLY IN CONSULTING AND MANAGED
SERVICES
    * WE ARE THEREFORE PAYING VERY CLOSE ATTENTION TO RECURRING
AND
PROFITABLE REVENUES
    * GROUP'S SHARE OF NET INCOME AMOUNTED TO A LOSS OF EUR 68.5
MILLION IN 2021, COMPARED TO A PROFIT OF EUR 7.6 MILLION FOR
PREVIOUS YEAR

Source text for Eikon:  ID:nBw7rFQFPa 
Further company coverage:  ALPRO.PA 

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