Proactis SA - announcement July 20
30 Novembre 2020 - 6:05PM
Proactis SA - announcement July 20
Proactis SA announces
results for the year ended 31 July
2020
Paris – November 30th, 2020 –
Proactis SA (Euronext: PROAC), a leading provider of comprehensive
spend management and business process collaboration solutions,
today announced financial information for the year ended 31 July
2020, in accordance with the “European Transparency Obligations
Directive” financial disclosure requirements.
Year ended 31 July 2020 – Key
Results:
The Proactis SA Board of Directors approved the
accounts for the year ended 31 July 2020 on 24 November 2020, which
have been formally certified by the Auditors.
€ Million |
|
12-month period ended 31 July 2020 |
|
12-month period ended 31 July 2019 |
|
|
Revenue |
|
12.4 |
|
14.5 |
|
|
EBITDA (*) |
|
2.7 |
|
2.7 |
|
|
EBITDA as a % of revenue |
|
22% |
|
18% |
Net Earnings |
|
-9.8 |
|
0.9 |
|
|
Operating Cashflow |
|
3.4 |
|
-1.6 |
|
|
Cash |
|
1.6 |
|
0.9 |
|
|
(*)EBITDA:
Operating result before depreciation and non-recurring
items. |
Revenues
Over the year ended 31 July 2020, revenue
declined by 15% compared to the year ended 31 July 2019. This is
mainly due to the non-renewal of 3rd party solution contracts at
the end of contract, or non-renewal of contract in specific
non-core product areas.
Goodwill Impairment
Based on the value in use calculations
established for the Proactis SA Group, it has been necessary to
recognise an impairment. The value in use calculation reflects
pipeline conversion delay and the slowdown in volume-related
activities during the period under review. The recoverable amount
was estimated on the basis of their value in use of €7.5m. An
impairment of€10.4m has therefore been recorded.
Profitability
The Company recorded an EBITDA for the year
ended 31 July 2020 of €2.7M (in line with the year ended 2019).
Net Earnings were €(9.8)M and reflect the impact
related to the Goodwill depreciation (Year ended 31 July 2019:
€0.9M)
Cashflow
In the year ended July 2020, the Group‘s
operating cash-flow was €3.4M. Capital investment remained strong,
at €2.3M, and was focused on the Company’s strategic solution
suite; The Business Network. The Group had positive cash balances
of €1.6M at 31 July 2020 (31 July 2019: €0.9M).
About Proactis SA
(https://www.proactis.com/proactis-sa), a Proactis
Company
Proactis 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, Nationwide,
Michelin and Henkel
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 20
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