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Annual Report 2017

A transformational year for IFS

Download Annual Report 2017

Fourth Quarter (October–December 2017)

Fjärde kvartalet (oktober–december 2017)

  • Licensintäkterna uppgick till 372 Mkr (302), en ökning med 25 procent i konstant valuta.
  • Underhållsintäkterna uppgick till 376 Mkr (329), en ökning med 18 procent i konstant valuta.
  • Konsultintäkterna uppgick till 446 Mkr (409), en ökning med 12 procent i konstant valuta.
  • Nettointäkterna uppgick till 1 277 Mkr (1 055), en ökning med 24 procent i konstant valuta.

Helår (januari–december 2017)

  • Licensintäkterna uppgick till 935 Mkr (770), en ökning med 21 procent i konstant valuta.
  • Underhållsintäkterna uppgick till 1 429 Mkr (1 242), en ökning med 15 procent i konstant valuta.
  • Konsultintäkterna uppgick till 1 705 Mkr (1 589), en ökning med 6 procent i konstant valuta.
  • Nettointäkterna uppgick till 4 217 Mkr (3 649), en ökning med 15 procent i konstant valuta.

Ladda ned: 2017 Q4 Presentation (Eng)

A transformational year for IFS

IFS showed outstanding growth in 2017 with license revenue up 21 percent in constant currency. This was achieved organically and by strategic acquisitions, and represents unquestionably an increase in our market share given that the underlying ERP market grew only by 8 percent.

The first transformational development in 2017 was the completion in January of the Mxi acquisition; this complement to our aviation and defense solution has increased considerably our offering and skills capability while gaining us strategic customers. In the summer, we acquired mplsystems to add advanced customer-engagement capability to our service-management offering, and also our local partner Field Service Management to consolidate our capability in the United Kingdom. We completed our largest acquisition ever in the fourth quarter, again in the service-management sector; with orkWave, we can address the small and medium-sized businesses (SMB) market with a multi-tenanted SaaS offering, thereby opening up a new market for IFS.

Our focus on service management continued with direct investments in resources, marketing, and product development, resulting in significant sales and the securing of high-profile customers; in their latest magic quadrant, Gartner ranked IFS as the supplier in field service management with the highest ability to execute. Our push into managed cloud accelerated and in line with increased demand we have continued to invest in our offering based on Microsoft Azure. Furthermore, the partner ecosystem in which we have invested over recent years has evolved into a large and enthusiastic community that is actively supporting IFS sales and implementations across the globe.

In 2017 IFS has been truly transformed through a high level of organic and inorganic investment that has been enabled by our owners EQT. We go into 2018 stronger than ever and able to attack our target markets better equipped than ever before.

Alastair Sorbie

President and CEO

Download: 2017 Q4 Presentation

2017 Q3 Update

Tredje kvartalet (juli–september 2017)

  • Licensintäkterna uppgick till 176 Mkr (176), en ökning med 2 procent i konstant valuta.
  • Underhållsintäkterna uppgick till 349 Mkr (317), en ökning med 12 procent i konstant valuta.
  • Konsultintäkterna uppgick till 401 Mkr (355), en ökning med 15 procent i konstant valuta.
  • Nettointäkterna uppgick till 946 Mkr (860), en ökning med 12 procent i konstant valuta.

Året hittills (januari–september 2017)

  • Licensintäkterna uppgick till 563 Mkr (468), en ökning med 18 procent i konstant valuta.
  • Underhållsintäkterna uppgick till 1 053 Mkr (913), en ökning med 14 procent i konstant valuta.
  • Konsultintäkterna uppgick till 1 259 Mkr (1 180), en ökning med 5 procent i konstant valuta.
  • Nettointäkterna uppgick till 2 940 Mkr (2 594), en ökning med 11 procent i konstant valuta.

Ladda ned: 2017 Q3 Presentation (Eng)

IFS continues to execute well on its plans for strategic growth

Quarter Three has been truly transformational for IFS as the business has performed three acquisitions, all of which strengthen our position in the service market. FSM, which has been an established partner for many years, builds on our local execution capability in the UK. mplsystems adds a best-in-class Customer Engagement solution to our product offering, which is a key requirement in this target market. On the same day that Gartner published its latest Magic Quadrant for Field Service Management showing a further improvement for IFS’s position in the Leaders’ quadrant, we announced the largest acquisition in our history, that of WorkWave. This is a FSM company based in the USA that addresses the SMB residential market and is a leading SaaS solution for the growing pest control industry.
The underlying business for IFS remains strong with year-to-date license growth being 18 per cent (currency adjusted), which places us in a good position as we enter the busiest quarter of our financial year. Our year-to-date managed cloud revenue grew by 95 per cent (currency adjusted). A good outlook for the full year is supported by strong year-to-date performance and a series of successful strategic acquisitions.

Alastair Sorbie President & CEO

Ladda ned: 2017 Q4 Presentation (Eng)

2017 Q2 Update

Second Quarter (April–June 2017)

Andra kvartalet (april–juni 2017)

  • Licensintäkterna uppgick till 216 Mkr (190), en ökning med 11 procent i konstant valuta.
  • Underhållsintäkterna uppgick till 354 Mkr (300), en ökning med 14 procent i konstant valuta.
  • Konsultintäkterna uppgick till 429 Mkr (420), en minskning med 1 procent i konstant valuta.
  • Nettointäkterna uppgick till 1 025 Mkr (923), en ökning med 8 procent i konstant valuta.

Året hittills (januari–juni 2017)

  • Licensintäkterna uppgick till 387 Mkr (292), en ökning med 28 procent i konstant valuta.
  • Underhållsintäkterna uppgick till 704 Mkr (596), en ökning med 15 procent i konstant valuta.
  • Konsultintäkterna uppgick till 858 Mkr (825), oförändrat i konstant valuta.
  • Nettointäkterna uppgick till 1 994 Mkr (1 734), en ökning med 11 procent i konstant valuta.

Ladda ned: 2017 Q2 Presentation (Eng)

VD har ordet

IFS has seen record growth year to date which, being significantly higher than the growth in the market, indicates that we are continuing to increase our market share. Our recent acquisitions, including Mxi, continue to perform well and are proving to be excellent investments. Over recent years, we have continued to invest in service management as we see this as a logical extension to our established markets of manufacturing, asset management, and project-based industries. Our analyst rating for service management continues to ride high and we are pleased with the exciting new customers in this sector that we have welcomed to IFS already this year.

We are seeing great interest in our managed cloud service from both existing and new customers; and we expect to see this develop increasingly as a significant part of our business. There is also a rising interest today in Digital Transformation and especially in the Internet of Things (IoT), which is coming from all sectors of our diverse global customer community.

IFS is continuing in its scaled-up investment program to develop strategic growth drivers in the business. A good outlook for the full year is supported by the strong performance seen in the first two quarters.

Ladda ned: 2017 Q2 Presentation (Eng)

2017 Q1 Update

Första kvartalet (januari–mars 2017)

  • Licensintäkterna uppgick till 171 Mkr (102), en ökning med 60 procent i konstant valuta och en ökning med 26 procent i konstant valuta efter justering för förvärvet av Mxi.
  • Underhållsintäkterna uppgick till 350 Mkr (296), en ökning med 15 procent i konstant valuta och en ökning med 7 procent i konstant valuta efter justering för förvärvet av Mxi.
  • Konsultintäkterna uppgick till 429 Mkr (404), en ökning med 2 procent i konstant valuta och en minskning med 9 procent i konstant valuta efter justering för förvärvet av Mxi.
  • Nettointäkterna uppgick till 969 Mkr (811), en ökning med 15 procent i konstant valuta och en ökning med 2 procent i konstant valuta efter justering för förvärvet av Mxi.

Ladda ned: 2017 Q1 Presentation (Eng)

VD har ordet

Our growth in license revenue in the first quarter was 26 percent, currency adjusted, compared to the same quarter last year. If we add in the contribution from our recent acquisition Mxi, which was completed this quarter, the growth figure is more than doubled. This shows that our strategy for both our organic and inorganic growth is executing well. It can be seen from the sample of customers provided below that we continue to win business across our target markets and in all our geographies. We are also seeing growth in our recurring maintenance of 7 percent, adjusted for currency, and notably a growth of 90 percent in our managed cloud offering. This growth demonstrates that IFS is a resilient business, given that a number of our target markets are still experiencing challenges.

We look forward to an exciting year of continued growth under our new owners EQT.

Ladda ned: 2017 Q1 Presentation (Eng)

IR Kontakter

Chiara Lattuada

Phone: +44 7463 350454

Contact Chiara Lattuada