IFS announces preliminary results for 2012
On a preliminary basis, license revenue for the year 2012 amounted to SKr 467 million, an increase with 8
percent over last year. EBIT on a preliminary basis amounted to SKr 195 million (2011: SKr 233 million).
Alastair Sorbie, President and Chief Executive Officer, comments:
- “Our expectation of strong license revenue growth in 2012 was only partly met, with growth of 8 percent above last year. The lower outcome than our expectations had a corresponding impact on earnings.”
- “In 2012, we continued to invest in sales and marketing, product development including mobile technology and field service management through our acquisition of Metrix. Although these investments have, and will increasingly contribute to license revenue growth, they have impacted earnings in the shorter term.”
- “Towards the end of the year, activity levels in consulting improved, however not enough to make up for ground lost earlier in the year.”
- “These factors combined to result in unsatisfactory earnings for the year. Improving our consulting and overall cost efficiency, while continuing to grow our license revenue, are our priority areas going forward.”
IFS will issue its year-end report for 2012 on February 5.
IFS is a public company (XSTO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite built on SOA technology. IFS focuses on agile businesses where any of four core processes are strategic: service & asset management, manufacturing, supply chain and projects. The company has 2,000 customers and is present in more than 60 countries with 2,800 employees in total. Net revenue in 2011 was SKr 2.6 billion.
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 January 14, 2013 at 8:30 a.m. (CEST).