Brief: QPR Software Maintains Saas Growth Outlook

QPR Software Oyj

16/10/2023 08:09

Oct 16 (Reuters) - QPR Software Oyj  QPR1V.HE :
    * QPR SOFTWARE PLC'S EBITDA BETTER THAN EXPECTED, NET SALES
AT
PREVIOUS YEAR'S LEVEL, SAAS GROWTH OUTLOOK (OVER 35%) UNCHANGED
    * EXPECTS ITS EBITDA TO BECOME CLEARLY POSITIVE IN 2023
    * IMPROVEMENT IN PROFITABILITY BEYOND EXPECTATIONS DUE TO
SIGNIFICANT COST-SAVING MEASURES, FOCUS OF SALES ON MORE
PROFITABLE SAAS, SOFTWARE BIZ
    * SOME CONSULTING PROJECTS ENDED PREMATURELY, OCCURRING ON A
SMALLER SCOPE THAN EXPECTED LEADING TO REDUCED NET SALES AT END
OF YEAR
    * SAAS TURNOVER EXPECTED TO GROW BY MORE THAN 35% FROM LAST
YEAR,
BUSINESS ACTIVITIES OUTSIDE OF CONSULTING WILL GROW AS A WHOLE

Source text for Eikon:  ID:nGNE6C8q4P 
Further company coverage:  QPR1V.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))