Generix Group - First Quarter Revenue 2020/2021
FINANCIAL PRESS RELEASE
Paris, 27 July, 2020
Revenue for Q1 2020/2021: €18.9 M
Resilience in the face of an unprecedented crisis
Generix Group, Industrial, Logistics and
Retail Ecosystems provider with leading Collaborative SaaS
Solutions, issued today its revenues for the first quarter of its
2020/2021 fiscal year.
Revenue for Q1 2020/2021: €18.9 million (down 6%)
|
Quarter ended June 30 |
Change |
Unaudited (K€) |
2020 |
2019 |
SaaS |
7 916 |
8 178 |
-3% |
Maintenance |
4 467 |
4 778 |
-7% |
Licenses |
522 |
700 |
-25% |
Software revenues |
12 905 |
13 656 |
-5% |
Consulting Services |
6 008 |
6 395 |
-6% |
Revenues |
18 913 |
20 051 |
-6% |
*Reclassifying as Consulting and Services
revenue, €240 K of services previously accounted for as Maintenance
revenue. Once the effects of this reclassification are stripped
out, Maintenance revenue is practically stable (down 1%) and
Consulting and Services revenue is down by 10%.
From the start of the lockdowns in Europe in
mid-March, Generix Group showed its ability to quickly react and
adapt by switching to teleworking in every country where it
operates. Thanks to this organization which is still in place, the
Group ensured that customers would retain levels of service,
security and operational efficiency every bit as high as during
normal times. The Group was able to innovate by completing a number
of start-up remotely, even internationally, adding plenty of
experience to capitalize on in the future. In the context of an
unprecedented crisis where ensuring continued supplies of essential
products was a core concern, the expertise and solutions brought by
Generix Group were essential, earning renewed trust from customers.
This is how Generix Group recorded sales of €18.9 M for the
quarter, down only 6%.
Recurring business (SaaS + Maintenance) remained
stable overall, with a slight fall in the use of existing SaaS
contracts, made up for by growth thanks to new contract signings.
The level of use of installed solutions remained strong, confirming
the position held by the Group's solutions at the heart of
customer's operational systems as well as the model's
resilience.
Over the quarter, France, thanks to its
installed base, and North America, where there were growth
reserves, were the main areas that contributed to license revenues
that came to €0.5 M.
Lastly, services—by their very nature more
exposed in a context like this one—fell by a limited 6% (down 10%
excluding reclassifications) given business levels that were
practically normal in North America, Russia, Portugal and the
Benelux, despite lockdowns in each of these countries.
New SaaS contracts for Q1: €0.5 M
|
Quarter ended June 30 |
Var. Q1 2020 vs Q1 2019 |
Unaudited (K€) |
2020 |
2019 |
New SaaS contract signing (ACV*) |
533 |
682 |
-22% |
*New contracts expressed in ACV (Annual Contract
Value), which emphasizes the average annual complementary revenue
to be generated after implementing the contracts in question.
Customers continued to sign new SaaS contracts,
despite a tendency to sit on the fence, and this brought in a total
of €0.5 M.
The quarter also stood out with the signature of
a new (On Premise) maintenance contract with a major French
retailer that will in the future generate additional maintenance
revenues of €0.6M.
The commitment of the sales teams who remained
mobilized throughout this period should be commended.
Prospects
The levels of income and contract signatures
observed during the past quarter mean that Generix Group can
confirm their forecast for 2020/2021 business levels that are close
to those of 2019/2020, assuming that economic activity levels
return to normal from September 2020.
To prepare and support a dynamic return to
growth, Generix Group has chosen to not change its operational
response and to increase its effort in innovation.
The Group has decided to invest in R&D
during the coming months to develop new components of its offer
that respond to current issues facing customers, including the
emergence of new uses around robotization, automation, enhanced
reality and the IOT.
On this basis, the Group anticipates a managed
fall back in Ebitda during the current financial year and a return
to growth levels comparable to those of the last financial years as
of 2021/2022, assuming a stabilized health context.
The crisis provided insight into the crucial
challenges affecting the supply chain and corporate requirements in
terms of dematerialization. Generix Group, an expert in managing
critical flows both physical and dematerialized, confirms its
ambition to become a key player in these markets.
With a resilient model, a healthy financial
structure and strong recurring income, the Group has confidence in
the future and is as of now ready for a rebound.
Supplemental
and non-IFRS Financial Information
Supplemental non-IFRS
information (above-mentioned as EBITDA) presented in this press
release is subject to inherent limitations. It is not based on any
comprehensive set of accounting rules or principles and should not
be considered as a substitute for IFRS measurements. Also, the
Company’s supplemental non-IFRS financial information may not be
comparable to similarly titled non-IFRS measures used by other
companies.
Next financial press release: October
26, 2020, after closing of the stock exchange
Release of second quarter revenues for the
fiscal year 2020/2021
About Generix Group
Generix Group is a
Collaborative Supply Chain expert present in 60 countries, thanks
to its subsidiaries and network of partners. More than 6,000
companies around the world use its SaaS solutions. The group’s 610
employees provide daily support for such customers as Carrefour,
Danone, FM Logistic, Fnac-Darty, Essilor, Ferrero and Geodis in the
digital transformation of their Supply Chain.
Its collaborative platform, Generix
Supply Chain Hub, helps companies to keep the promises
they make to their customers. It combines the capabilities to
execute physical flows, digitalize information flows, manage
collaborative processes and connect companies to all their
partners, in real time.
Generix Supply Chain Hub is
aimed at all players in the Supply Chain: manufacturers, third- and
fourth-party logistics providers (3PL/4PL) and retailers.
www.generixgroup.com
Founded in France in 1990, the company is listed
on the Eurolist market of Euronext Paris, compartment C (ISIN:
FR0010501692). To learn more: www.generixgroup.com
Financial Communication Contacts: Generix Group –
Ludovic Luzza – Chief Financial Officer – Tel.: +33 (0)1 77 45 42
80 – lluzza@generixgroup.comCIC Market Solutions – Stéphanie
Stahr – Tel.: +33 (0)1 53 48 80 57 – stephanie.stahr@cic.fr
- EXT-EN-FINA-PR-CA-Q1-2020-2021