Proactis SA announcement July 19
29 Novembre 2019 - 6:05PM
Proactis SA announcement July 19
Proactis SA announces results for 12
months ended 31 July 2019
Paris – November 29th, 2019 –
Proactis SA (Euronext: PROAC), a leading provider of comprehensive
spend management and business process collaboration solutions,
today announced financial information for the 12 months ended 31
July 2019, in accordance with the “European Transparency
Obligations Directive” financial disclosure requirements.
12 month period ended 31 July 2019 – Key
Results:
The Proactis SA Board of Directors approved the
accounts for the 12-month period ended 31 July 2019 on 26 November
2019, which will be formally certified by the Auditors.
|
€ Million |
19 month period ended 31 July 2018 |
12 month period from 1 August 2017 to 31 July
2018 |
12 month period ended 31 July 2019 |
|
| |
|
Revenue |
27.4 |
16.8 |
14.5 |
|
| |
|
EBITDA (*) |
6.1 |
4.0 |
2.7 |
|
| |
|
EBITDA as a % of revenue |
22% |
24% |
18% |
|
|
Net Earnings |
3.0 |
2.5 |
0.9 |
|
| |
|
Operating Cashflow |
3.3 |
3.5 |
(1.6) |
|
| |
|
Cash |
4.4 |
4.4 |
0.9 |
|
| |
| (*)EBITDA:
Operating result before depreciation and non-recurring items.
|
|
Presentation of the previous period is based on
19 months due to the change of year end date following the
acquisition of the Proactis SA (formerly Hubwoo SA) Group by the
Proactis Holdings plc Group. Financial information for the 12
months to the end of July 2018 is shown for illustrative purposes
only.
Revenues
Over the 12-month period, revenue declined by
47% compared to the 19 months ending 31 July 2018. Looking at the
12 month prior period ending 31 July 2018, revenue was €16,8 M,
being a decrease of 13%. This is mainly due to the non-renewal of
SAP solution contracts at the end of contract or in the case of a
contract suite renewal, the cancellation of the element relating to
third-party software. The revenues derived from the Proactis SA
Business Network solution suite were in line with prior
year.
Profitability
The Company recorded an EBITDA for the 12-month
period ended 31 July 2019 of €2.7M (19-month period ended 31 July
2018: €6.1M). This reduction reflects mainly the decreased sales in
the period.
Net Earnings were €0.9M (19-month period ended
31 July 2018: €3.0M).
Cashflow
In the 12 month to July 2019, the Group‘s
operating cash-flow was €(1.6)M. Capital investment remained
strong, at €1.9M, and was focused on the Company’s strategic
solution suite, The Business Network. The Group had positive cash
balances of €0.9M at 31 July 2019 (31 July 2018: €4.4M).
About Proactis SA
(https://www.proactis.com/proactis-sa), a Proactis
Company
Proactis SA (formerly Hubwoo SA) connects
companies by providing comprehensive, cloud-based spend management
and collaborative business process automation solutions for both
goods and services, through The Business Network. Our solutions
integrate with any ERP or procurement system, providing our
customers with an easy to use solution which drives adoption,
compliance and savings.
Significant customers include BASF,
Evonik, Nationwide, Michelin, Henkel, CONSOL Energy, and The
Dow Chemical Company.
Proactis SA has major operations in Paris,
Houston, Bonn and Manilla. Listed in Compartment C on the Euronext
Paris Eurolist.
ISIN: FR0004052561, Euronext:
PROAC, Reuters: HBWO.LN,
Bloomberg: HBW.FP
Contacts
Tel: +33 (0)1 53 25 55 00E-mail:
investorContact@proactis.com
- Proactis SA announcement July 19
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