IFS interim report January–September 2014
Strong execution in target sectors continues to deliver growth
July–September 2014 (third quarter)
License revenue amounted to SKr 132 million (Q3 '13: SKr 114 million), an increase of 8 percent currency adjusted.
Maintenance revenue was SKr 258 million (Q3 '13: SKr 221 million), an improvement of 10 percent currency adjusted.
Consulting revenue amounted to SKr 336 million (Q3 '13: SKr 286 million), an increase of 12 percent currency adjusted.
Net revenue totaled SKr 728 million (Q3 '13: SKr 623 million), an improvement of 11 percent currency adjusted.
Adjusted EBITDA was SKr 95 million (Q3 '13: SKr 76 million). EBIT amounted to SKr 63 million (Q3 '13: SKr 65 million).
Cash flow after investments was SKr 9 million (Q3 '13: SKr -38 million).
Earnings per share after full dilution amounted to SKr 1.62 (Q3 '13: SKr 1.94).
January–September 2014 (nine months)
License revenue amounted to SKr 373 million (YTD '13: SKr 328 million), an increase of 11 percent currency adjusted.
Maintenance revenue was SKr 763 million (YTD '13: SKr 668 million), an improvement of 11 percent currency adjusted.
Consulting revenue amounted to SKr 1,025 million (YTD '13: SKr 919 million), an increase of 10 percent currency adjusted.
Net revenue totaled SKr 2,167 million (YTD '13: SKr 1,922 million), an improvement of 10 percent currency adjusted.
Adjusted EBITDA was SKr 230 million (YTD '13: SKr 153 million). EBIT amounted to SKr 158 million (YTD '13: SKr 40 million).
Cash flow after investments was SKr 172 million (YTD '13: SKr 48 million).
Earnings per share after full dilution amounted to SKr 4.13 (YTD '13: SKr 0.71).
Outlook
For 2014, IFS expects strong license growth and a significant improvement in EBIT.
Contact Information
Oliver Pilgerstorfer, Corporate Communications. Telephone: 44 1494 428900, press@ifsworld.com
Frédéric Guigues, Investor Relations. Telephone: 46 8 58 78 45 00, frederic.guigues@ifsworld.com
About IFS
IFS is a globally recognized leader in developing and delivering business software for enterprise resource planning (ERP), enterprise asset management (EAM), and enterprise service management (ESM). IFS brings customers in targeted sectors closer to their business, helps them be more agile, and enables them to profit from change. IFS is a public company (XSTO: IFS) that was founded in 1983 and currently has over 2,600 employees. IFS supports more than 2,200 customers worldwide from local offices and through partners in more than 60 countries.
More information on IFS is available at www.IFSWORLD.com
Follow us on Twitter: @ifsworld. Visit the IFS Blogs on technology, innovation, and creativity: blogs.ifsworld.com
IFS discloses the information provided herein pursuant to the Financial Instruments Trading Act (1991:980) and/or the Securities Markets Act (2007:528).
The information was submitted for publication on October 23, 2014 at 8:00 a.m. (CEST).
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