Brief: Software AG Operating EBITA Falls To EUR 59.8 Mln In Q4

Software AG

30/01/2024 06:09

Jan 30 (Reuters) - Software AG  SOWGn.DE :
    * SOFTWARE AG DELIVERS ON FULL-YEAR 2023 GUIDANCE WITH
STRONG A&N
ARR GROWTH AND OPERATING MARGIN
    * ADABAS & NATURAL (A&N) ARR ACHIEVED GROWTH OF 11 PERCENT
AT
CONSTANT CURRENCY IN 2023, EXCEEDING GUIDANCE
    * GROUP PRODUCT REVENUE SHOWED CONSTANT CURRENCY GROWTH OF 2
PERCENT IN Q4 AND 7 PERCENT IN FULL YEAR
    * OPERATING MARGIN (EBITA, NON-IFRS) LANDED AT 19.1 PERCENT
IN Q4
AND 19.6 PERCENT IN FULL YEAR
    * Q4 REVENUE AT EUR 312.6 MILLION (Q4 2022: EUR 319.2
MILLION)
    * OPERATING EBITA (NON-IFRS) AMOUNTED TO EUR 59.8 MILLION IN
Q4
(Q4 2022: EUR 73.7 MILLION)
    * GROUP'S FREE CASH FLOW TOTALED EUR -15.9 MILLION IN Q4 AND
EUR
-13.1 MILLION FOR FULL YEAR
    * WITH STRONG ARR GROWTH IN THE A&N BUSINESS AND SOLID
OPERATING
MARGIN
    * GROUP PRODUCT SALES FELL BY 1% IN THE FOURTH QUARTER OR
ROSE BY
2% AFTER ADJUSTING FOR CURRENCY EFFECTS TO €273.0 MILLION
(PREVIOUS YEAR: €276.4 MILLION)

Source text for Eikon:  ID:nPex9Q55Fa 
Further company coverage:  SOWGn.DE 

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