Thursday, July 18, 2013

IFS Interim Report January–June 2013: Strong product growth and underlying margin improvement

License revenue amounted to SKr 128 million (Q2 '12: SKr 92 million), an increase of 47 percent currency adjusted.

Maintenance revenue was SKr 232 million (Q2 '12: SKr 232 million), an improvement of 5 percent currency adjusted.

Consulting revenue amounted to SKr 334 million (Q2 '12: SKr 327 million), an increase of 7 percent currency adjusted.

Net revenue was SKr 696 million (Q2 '12: SKr 652 million), an improvement of 12 percent currency adjusted.

EBIT amounted to SKr 66 million (Q2 '12: SKr 27 million).

Cash flow after investments was SKr 13 million (Q2 '12: SKr -162 million).

Earnings per share after full dilution amounted to SKr 1.71 (Q2 '12: SKr 0.58).

January–June 2013 (six months)

License revenue amounted to SKr 212 million (YTD '12: SKr 175 million), an increase of 27 percent currency adjusted.

Maintenance revenue was SKr 458 million (YTD '12: SKr 454 million), an improvement of 6 percent currency adjusted.

Consulting revenue amounted to SKr 644 million (YTD '12: SKr 662 million), an increase of 2 percent currency adjusted.

Net revenue was SKr 1,317 million (YTD '12: SKr 1,295 million), an improvement of 6 percent currency adjusted.

EBIT amounted to SKr -26 million (YTD '12: SKr 40 million), including one-off costs for efficiency program amounting to SKr 92 million.

Cash flow after investments was SKr 80 million (YTD '12: SKr -68 million).

Earnings per share after full dilution amounted to SKr -1.23 (YTD '12: SKr 0.85).

Outlook

For 2013, IFS expects strong license revenue growth and an improvement in EBIT.

About IFS

IFS is a public company (XSTO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite. IFS focuses on industries where management of any of the following four core processes is strategic: service & asset, manufacturing, supply chain, and projects. The company has 2,000 customers and is present in approximately 60 countries with 2,800 employees in total. Net revenue in 2012 was SKr 2.7 billion. 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 July 18, 2013 at 8:00 a.m. (CEST).

Contact Information

Chief Marketing Officer Mark Boulton

Phone: +44 1494 428900

Contact Mark Boulton

Head of IR Frédéric Guigues

Phone: +46 8 58 78 45 00

Contact Frédéric Guigues