Interim Report – July – September 2018
· The transformation into the new scaleable SaaS-based business model is progressing according to plan with several new SaaS customers already won in the quarter. · Increase in contracted SaaS Sales of 24% to June 2021. · Inbound approach beginning to show return. · Reduced revenue due to end of large contract phase in Qatar. · The group’s cash flow was negatively impacted by an increase in account receivables from the larger middle Eastern project, which is expected to rewind in due course in line with the market practice in the region. · Confident in Qatar contract next