Interim report
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efecte EFECTE PLC -- 1 HALF - YEAR REPORT -- 16 JULY 2021 at 8.30 Efecte Plc's Half - Year Report 1-6 / 2021 - SaaS + 25 % , EBITDA margin 5 % 4-6 / 2021 : HALF - YEAR REPORT 2021 • SaaS grew by 23 % and international SaaS by 37 % • • EBITDA margin was 6 % ( -2 % ) EBITDA was 0.3 million euro ( -0.1 ) and EBIT 0.1 million euro ( -0.2 ) Services grew 20 % driven by several large deployments and soft comparison period New partner in Croatia , first order in Czech Republic 1-6 / 2021 : • • • . SaaS grew by 25 % and international SaaS by 41 % EBITDA was 0.4 million euro ( -0.4 ) and operating profit 0.2 million euro ( -0.6 ) EBITDA margin was 5 % ( -5 % ) 1.3 million euro operating cash flow ( 1.1 ) New guidance for 2021 ( from 13 July 2021 ) : SaaS net sales is expected to grow 21-24 % and EBITDA margin to be 1-6 % . Previous guidance for 2021 ( from 25 February 2021 until 13 July 2021 ) : SaaS net sales is expected to grow 20-24 % and EBITDA margin to be 1-4 % . Group key figures 1000 EUR 4-6 / 2021 4-6 / 2020 1-6 / 2021 1-6 / 2020 2020 Net sales 4 474 3 701 8 686 7 393 14 888 EBITDA 256 -69 442 -366 126 EBITA 140 -173 215 -573 -314 Operating profit 136 -178 205 -583 -332 Profit for the period 131 -179 199 -612 -368 Earnings per share , 0.02 -0.03 0.03 -0.10 -0.06 eur Equity per share , eur 0.51 0.27 0.51 0.27 0.33 SaaS MRR 901 747 901 747 808 CEO Niilo Fredrikson : Our second quarter was marked by several large Efecte deployments going into production , as we continued to help our customers digitalize and automate their work . Customer satisfaction for these projects was at a record level , showcasing the progress we've made towards delivering a five - star experience for each cus- tomer and partner . This is an important part of our differentiation as the European Alternative for the global goliaths in our space . Topline growth across the board Steady SaaS growth continued at 23 % in Q2 , and the wave of successful Efecte deployments and a soft comparison period were reflected in the faster - than - usual 20 % services growth . Legacy maintenance reve- nue grew supported by low churn and some pricing adjustments . While costs started to increase in line with our plan , it was more than offset by the strong total net sales growth of 21 % during Q2 , helping us also deliver another EBIT positive quarter . Winning with partners