Interim report
Page 1
QPR QPR Software Interim Report January - September 2021 QPR SOFTWARE STOCK EXCHANGE RELEASE , OCTOBER 22 , 2021 AT 9.00 AM Net sales increased 13 % and operating profit improved in July - September 2021 January - September 2021 Net sales amounted to EUR 7,085 thousand ( January – September 2020 : 6,630 ) , growth 7 % . | SaaS net sales as well as consulting and software license net sales increased . Software maintenance net sales decreased from previous year . ■ International net sales represented 51 % of Group net sales ( 47 ) . EBITDA increased to EUR 671 thousand ( 221 ) . | Operating result ( EBIT ) amounted to EUR -198 thousand ( -752 ) . Earnings per share EUR -0.019 ( -0.055 ) . July - September 2021 ☐ Net sales amounted to EUR 2,043 thousand ( July - September 2020 : 1,801 ) . Net sales increased 13 % , driven by growth in international net sales . | SaaS net sales as well as consulting and software license net sales increased . EBITDA amounted to EUR 103 thousand ( -109 ) . | Operating result ( EBIT ) amounted to EUR -208 thousand ( -413 ) . ☐ Operating expenses remained on the same level as in previous year . Business operations QPR Software's mission is to make customers agile and efficient in their operations . We innovate , develop , and sell software for analyzing , monitoring , and modeling organizations ' operations . Furthermore , we offer customers consulting services related to our software . Outlook for 2021 ( adjusted ) The exceptional circumstances caused by the Covid - 19 pandemic continue to affect new customer acquisition , but there are signs of customer decision making normalizing when it comes to software procurement . Based on actual net sales year - to - date , recurring customer revenues , consulting booking levels , and the current portfolio of sales opportunities , QPR expects its net sales to grow by 4-9 % in 2021 ( 2020 : EUR 8,971 thousand ) , and EBITDA and operating result to improve compared to 2020 . KEY FIGURES July- EUR in thousands , unless otherwise indicated July - Sept , 2021 % 2021 Sept , Change , Jan - Sept , Jan - Sept , Change , Jan - Dec , 2020 2020 % 2020 Net sales EBITDA 2,043 1,801 13 7,085 6,630 7 8,971 103 -109 194 671 221 204 248 % of net sales Operating result 5.0 -6.1 9.5 3.3 2.8 -208 -413 50 -198 -752 74 -936 % of net sales -10.2 -22.9 -2.8 -11.3 -10.4 Result before tax -213 -419 49 -291 -761 62 -952 Result for the period -165 -345 52 -225 -655 66 -812 % of net sales -8.1 -19.1 -3.2 -9.9 -9.0