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Interim report, January - June 2016

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Period April 1 – June 30, 2016*

  • Net sales SEK 101.5 m (SEK 88.3 m)
  • System revenue SEK 61.3 m (SEK 58.9 m)
  • Recurring revenue in percentage of net sales 43% (46%)
  • EBITDA SEK 21.5 m (SEK 15.8 m)
  • EBITDA margin 21.2 % (17.9 %)
  • EBIT SEK 4.8 m (SEK 3.0 m)
  • Net profit SEK 4.3 m (SEK 6.3 m)
  • EPS before dilution SEK 0.08 (SEK 0.06)
  • Cash flow from operating activities SEK 2.5 m (SEK 8.0 m)

Period January 1 – June 30, 2016*

  • Net sales SEK 188.8 m (SEK 172.7 m)
  • System revenue SEK 119.5 m (SEK 116.1 m)
  • Recurring revenue in percentage of net sales 47% (48%)
  • EBITDA SEK 37.9 m (SEK 34.4 m)
  • EBITDA margin 20.1 % (19.9 %)
  • EBIT SEK 7.6 m (SEK 8.9 m)
  • Net profit SEK 5.7 m (SEK 8.5 m)
  • EPS before dilution SEK 0.10 (SEK 0.16)
  • Cash flow from operating activities SEK 14.7 m (SEK 22.4 m)

* Comparison figures in this report has been adjusted to reflect the remaining operations after the sale of the business area Customer Specific Solutions in Denmark during the fourth quarter. For additional information, see specification in the groups consolidated income statement summary and the note 8 quarters in summary.

For additional information, contact:
Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85

For the full report, see attached PDF.

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This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Tuesday, July 12, 2016.

Formpipe develops ECM products and solutions for structuring information and supplies them to major companies, authorities and organisations. ECM products help organisations to capture, manage and distribute information, and to place it in context. The company’s software helps improve efficiency, cut costs and reduce risk exposure. Formpipe was founded in 2004 and has offices in Sweden, Denmark, United Kingdom, The Netherlands and USA. The Formpipe share is listed on NASDAQ Stockholm.

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