UNIT4 N.V. 2012 interim consolidated financial statements

2012 results on track, both SaaS and license revenues show solid growth

Sliedrecht, 15th August 2012

1st Half Year 2012 (compared with restated 2011)

  • Total revenue increased by 4% to €230.8 million (H1 2011: €222.0 million)
  • Product (license) sales increased 5% to €36.0 million (H1 2011: €34.3 million)
  • Recurring revenue (contracts & SaaS / subscriptions) increased by 8.3% to €118.2 million (H1 2011: €109.1 million)
  • SaaS / subscription revenues grew 20.1% from €18.9 million to €22.7 million
  • Services and other revenues decreased by 2.5% to €76.6 million (H1 2011: €78.6 million)
  • Cloud applications specialist FinancialForce.com grew strongly with monthly revenue run rate up more than 100% (compared with June 2011)
  • Personnel and other operating costs increased by more than 6% due to investments in sales and marketing which should support growth in the 2nd half year 2012 and beyond
  • EBITDA rose by 3.1% to €37.0 million (H1 2011: €35.9 million)
  • Excluding FinancialForce.com, EBITDA increased 4.3% to €40.9 million (H1 2011: €39.2 million)
  • Net profit before goodwill decreased by 19.9% to €15.3 million (H1 2011: €19.1 million) due to higher depreciation and revaluation of the interest swap.

NOTE: 2011 financial results have been restated. See full release for details.


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