Exact Holding N.V.
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Publicatie datum
25 jul 2012 - 07:31
Statutaire naam
Exact Holding N.V.
Titel
Exact reports 3.2% revenue growth and 7.6% EBITDA growth in H1 2012
Bericht
Realignment of internal organization to return to long-term sustainable growth and improved customer focus
Key financial highlights
• Total revenue increased by 3.2% from € 105.9 million in H1 2011 to € 109.3 million in H1 2012, primarily driven by maintenance and service revenue. Total revenue on an operational[1] basis increased by 0.7%.
• EBITDA increased by 7.6%, from € 21.4 million in H1 2011 to € 23.1 million in H1 2012, representing an EBITDA margin of 21.1% (H1 2011: 20.2%). On a like for like basis (excluding one-time effects, excluding currency) EBITDA was flat year on year.
• Ongoing strong growth of Exact Online, with the number of commercial administrations up by 40.9% and the related committed annual revenue by 45.0%. Revenue for Exact Online grew by 48.1% to € 6.6 million. The Exact Online Trade and Time & Billing propositions in the Benelux show ongoing momentum. Exact Online Manufacturing and CRM are planned for launch in H2 2012.
• Recurring revenue increased by 3.5% on an operational basis to € 71.9 million (H1 2011: € 69.5 million) and increased to 65.8% of total revenue (H1 2011: 64.0%).
• For FY 2012 a restructuring charge of € 9.1 million is foreseen. € 1.7 million of this charge has already been recorded in Q2. Expected annual saving of € 8 million to be largely reinvested in our fast-growing Exact Online business.
• In addition to the restructuring charge, € 4.4 million of one-time charges have been recorded in Q2 due to the anticipated sale of Orisoft, recycling of a cashflow hedge, and the revaluation of deferred tax positions (below EBITDA).
• Earnings per share (EPS) amount to € 0.44 (H1 2011: € 0.59), a decrease of 25.4%. In line with dividend policy, an interim dividend of € 0.44 per share will be paid on August 15, 2012, close of business.
Datum laatste update: 01 september 2024