Basware Financial Statement Bulletin January–December 2019: Profitability improved; cloud revenues exceed EUR 100 million
Basware Corporation, stock exchange release, February 4, 2020 at 8:45 am EETOctober-December 2019: · Net sales EUR 39,264 thousand (EUR 36,488 thousand): increase of 7.6 percent, organic growth at constant currencies 7.3 percent · Organic cloud revenue growth at constant currencies 13.9 percent, amounting to 69.8 percent (65.5%) of net sales · Cloud ARR order intake amounted to EUR 6.9 million (EUR 5.9 million) · Adjusted EBITDA EUR 2,480 thousand (EUR -826 thousand) · Adjusted operating profit/loss EUR -1,430 thousand (EUR -3,419 thousand) · Operating profit/loss EUR -1,