Financial Year 2019

2019 Q2 Update

Second Quarter (April–June 2019)

  • License revenue amounted to SKr 398 million (Q2 '18: SKr 291 million), an increase of 37 percent (32 percent in constant currency).
  • Maintenance revenue was SKr 464 million (Q2 '18: SKr 404 million), an improvement of 15 percent (11 percent in constant currency).
  • Consulting revenue amounted to SKr 562 million (Q2 '18: SKr 472 million), an increase of 19 percent (15 percent in constant currency).
  • Net revenue totaled SKr 1,586 million (Q2 '18: SKr 1,326 million), an improvement of 20 percent (15 percent in constant currency).
  • Adjusted EBITDA was SKr 403 million (Q2 '18: SKr 205 million), an improvement of 97 percent (92 percent in constant currency).

Q2 2019 press release

Reflecting on Q2 of this year, I’m simply blown away by what we accomplished together as we focused on delivering sensible solutions to our customers. IFS is the only vendor of scale in our sector that stands on a principle of choice, providing an experience free from ultimatums. Now that we see what this IFS is truly capable of, expectations for the second half of the year remain high and I am pleased to have increased our guidance for the remainder of the year to deliver 2019 revenues of $711 million, or 6.35 billion SEK, an increase that represents a 21% increase year-on-year.

Darren Roos
CEO

2019 Q1 Update

First Quarter (January–March 2019)

  • License revenue amounted to SKr 295 million (Q1 '18: SKr 177 million), an increase of 67 percent (57 percent in constant currency).
  • Maintenance revenue was SKr 448 million (Q1 '18: SKr 382 million), an improvement of 17 percent (11 percent in constant currency).
  • Consulting revenue amounted to SKr 512 million (Q1 '18: SKr 411 million), an increase of 25 percent (18 percent in constant currency).
  • Net revenue totaled SKr 1,410 million (Q1 '18: SKr 1,091 million), an improvement of 29 percent (22 percent in constant currency).
  • Adjusted EBITDA was SKr 259 million (Q1 '18: SKr 153 million), an improvement of 69 percent (65 percent in constant currency).

Q1 2019 press release

Our customer obsession continues to drive our financial results as we once more massively outpace the market, and our numbers speak for themselves. As the fastest growing ERP company of scale, we are well positioned to capture a much bigger piece of the market in 2019 and beyond. Customers no longer accept the annual audits, the made-up compliance tricks, or the upgrade ultimatums, which have become the new normal. Quite simply, customers are realizing IFS is a better alternative.

Darren Roos
CEO

Investor Contacts

Chiara Lattuada

Telefon: +44 7463 350454

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