Friday, February 06, 2015

IFS Year-End Report 2014

Significant improvement in earnings

October–December 2014 (fourth quarter)

  • License revenue amounted to SKr 185 million (Q4 '13: SKr 207 million), a decrease of 15 percent currency adjusted.
  • Maintenance revenue was SKr 274 million (Q4 '13: SKr 234 million), an improvement of 11 percent currency adjusted.
  • Consulting revenue amounted to SKr 402 million (Q4 '13: SKr 337 million), an increase of 14 percent currency adjusted.
  • Net revenue totaled SKr 867 million (Q4 '13: SKr 782 million), an improvement of 5 percent currency adjusted.
  • Adjusted EBITDA was SKr 135 million (Q4 '13: SKr 126 million). EBIT amounted to SKr 117 million (Q4 '13: SKr 162 million).
  • Cash flow after investments was SKr 97 million (Q4 '13: SKr 74 million).
  • Earnings per share after full dilution amounted to SKr 4.32 (Q4 '13: SKr 4.99).

January–December 2014 (full year)

  • License revenue amounted to SKr 558 million ('13: SKr 535 million), an increase of 1 percent currency adjusted.
  • Maintenance revenue was SKr 1,037 million ('13: SKr 902 million), an improvement of 11 percent currency adjusted.
  • Consulting revenue amounted to SKr 1,427 million ('13: SKr 1,256 million), an increase of 11 percent currency adjusted.
  • Net revenue totaled SKr 3,034 million ('13: SKr 2,704 million), an improvement of 9 percent currency adjusted.
  • Adjusted EBITDA was SKr 365 million ('13: SKr 279 million). EBIT amounted to SKr 275 million ('13: SKr 202 million).
  • Cash flow after investments was SKr 269 million ('13: SKr 122 million).
  • Earnings per share after full dilution amounted to SKr 8.45 ('13: SKr 5.72).
  • Proposed dividend for 2014 amounting to SKr 4.50 per share ('13: SKr 3.50).

Outlook
For 2015, IFS expects good growth in both license revenue and EBIT.

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 2,700 employees. IFS supports more than 2,400 customers worldwide from local offices and through partners in more than 60 countries. For more information visit: www.ifsworld.com.

Follow us on Twitter: @ifsworld

Visit the IFS Blogs on technology, innovation and creativity: http://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 February 6, 2015 at 8:00 a.m. (CET).


Contact Information

Vice President, Corporate Communications Oliver Pilgerstorfer

Phone: 44 1494 428900

Contact Oliver Pilgerstorfer

Head of IR Frédéric Guigues

Phone: +46 8 58 78 45 00

Contact Frédéric Guigues