Prodware: 2020 Annual Turnover: €172.4 M
- Accelerated growth in SaaS sales (+15.6%)
- Decrease in service revenue due to sanitary crisis
- Positive outlook on expected 2020 results
Turnover (not audited) under IFRS (in
Change on like-for-like basis
(*) On like-for-like basis: adjusting for acquisitions and
change in consolidation method in 2020
Business slow down due to sanitary crisis but steady
In 2020, Prodware generated an annual turnover of €172.4 million
compared to €187.7 million in 2019, showing an 8.1% decrease.
Prodware’s business results amounted to €164.9 million in turnover
representing a slighter 5.6% decrease when factoring out the
results generated by Prodware Israel’s activity. In the 4th quarter
of 2020 the annual turnover dropped by 11.1% compared to the same
period in 2019. On like-for-like basis, business declined by
Revenue from the software development activity (33.4% of the
global turnover) is of €57.6 million, 6.2% behind 2019.
Annual growth in SaaS sales: +15.6%
SaaS sales have reached €45.0 million seeing a 15.6% increase
compared to the previous financial year. They now represent 26.1%
of Prodware’s total revenue. Over the last three years, total SaaS
sales and their percentage of the total income has doubled,
vindicating therefore the 2017-2021 strategy consisting in
reinforcing recurring revenues and increasing margins. In a context
where the sanitary crisis has accelerated digital adoption, SaaS
subscription models and collaboration tools have proven to be
especially well adapted to enabling remote work.
With regard to geographies and the specific context, business
remains steady with a slight increase in sales in Germany (+3.2%).
The French speaking region, totalling €63.0 million (36.5% of total
income), has fallen behind by 16% due to many customer sites having
closed down during the lockdowns.
A resilient business model
As announced, Prodware adjusted its annual charges throughout
this exceptional year with that of its business volume in order to
safeguard its margins and cash flow. Due to shrewd management of
its resources and growth in SaaS sales, the Group foresees an
improvement in its profitability metrics for 2020. And this,
despite a decrease in turnover brought on by slower business in
Services and spreading out the earnings from licenses that have now
become SaaS subscription sales.
In 2021, the biggest and most common denominator for all
companies will be to accelerate the adoption of digital
transformation in order to ensure business continuity and leverage
new growth opportunities in a market being completely reshuffled
across most industries. It is also important to highlight that the
“more traditional » business needs related to Cloud computing,
collaboration tools or Customer Relationship Management solutions
without forgetting demand for Cybersecurity, are still in high
demand. These types of projects are still high on the list of
priorities for a certain number of companies whereas we are seeing
as well, more and more, interest in projects related to data and
data optimization (AI, Big Data, Machine learning).
Prodware, the Digital Transformation enabler for mid-size
companies, developing industry-specific business solutions,
embraces this massive dynamic through its partnerships with leading
market players. As an illustration of this dynamic, Prodware, an
Elite Inner Circle 2020/2021 member for Microsoft Business
Applications, should continue to benefit from Microsoft’s market
savvy. Microsoft foresees a 14% annual growth worldwide in 2020
mainly driven by the US market, a market known to being a little
more mature than the European market.
Next publication: 2020 annual results: Wednesday, March
3rd, 2021 after market close. SFAF assembly – presenting 2020
annual results: Thursday, March 4th, 2021.
Emboldened by three decades of solid experience and know-how in
the field of IT innovation we have always thrived on delivering
value and expertise to our customers worldwide. Whether enabling
ambitious Cloud strategies, artificial intelligence driven
decision-making tools or IoT applications. Prodware keeps paving
the way to innovation.
Prodware has embraced technology advances and breakthroughs
helping companies step into the future by building the business
models of tomorrow across the manufacturing, retail &
distribution, professional services and finance verticals.
The Prodware group is a global company founded in 1989 with
regional offices in 13 countries with close to 1400 employees.
Prodware is listed on Euronext Growth in Paris generating €172,4 M
in annual revenue in 2020. Prodware SA is listed on Euronext Growth
and is eligible for the FCPI investment fund and the PEA/PME share
savings plan. For more information www.prodwaregroup.com
EURONEXT GROWTH (ex. ALTERNEXT)
ISIN FR0010313486 - ALPRO - FTSE 972 Services informatiques
Prodware est éligible FCPI - Entreprise responsable, Prodware est
adhérent du Global Compact.
version on businesswire.com: https://www.businesswire.com/news/home/20210217005665/en/
PRODWARE Stéphane Conrard Directeur financier T : 0979
999 000 email@example.com
PRESSE Gilles Broquelet CAP VALUE T : 01 80 81 50 01
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