Correction: Interim report, January - December 2018

This is a correction of the announcement from 08:45 12.02.2018 CET. Reason for the correction:
In the English version, the first bullet for the period January 1 – December 31 had a typo, the 6 % should be 4 %. The correct bullet is:

Period January 1 - December 31, 2018

• Net sales increased by 4 % to SEK 406.4 m (SEK 390.2 m)

The Swedish version from the earlier announcement is correct.

For additional information, contact:
Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85

Period October 1 - December 31, 2018

• Net sales decreased by 1 % to SEK 109.6 m (SEK 110.5 m)
• Software revenues increased by 4 % to SEK 70 .6 m (SEK 68.0 m)
• Recurring revenue amounted to SEK 60.0 m (SEK 51.3 m) which corresponds to 55 % (46 %) of net sales.
• EBITDA SEK 27.3 m; 24.9 % (SEK 25.9 m; 23.4 %)
• EBITDA-adj. SEK 17.9 m; 16.3 % (SEK 17.4 m; 15.7 %)
• EBIT SEK 16.1 m; 14.7 % (SEK 14.7 m; 13.3 %)
• Net profit SEK 12.5 m; 11.4 % (SEK 10.5 m; 9.5 %)
• EPS before dilution SEK 0.24 (SEK 0.20)
• Cash flow from operating activities SEK 60.5 m (SEK 60.9 m)

Period January 1 - December 31, 2018

• Net sales increased by 4 % to SEK 406.4 m (SEK 390.2 m)
• Software revenues increased by 8 % to SEK 267.8 m (SEK 247.9 m)
• Recurring revenue amounted to SEK 223.2 m (SEK 194.8 m) which corresponds to 55 % (50 %) of net sales.
• EBITDA SEK 99.7 m; 24.5 % (SEK 85.8 m; 22.0 %)
• EBITDA-adj. SEK 65.4 m; 16.1 % (SEK 48.9 m; 12.5 %)
• EBIT SEK 53.2 m; 13.1 % (SEK 37.7 m; 9.7 %)
• Net profit SEK 39.9 m; 9.8 % (SEK 24.8 m; 6.4 %)
• EPS before dilution SEK 0.76 (SEK 0.48)
• Cash flow from operating activities SEK 121.4 m (SEK 95.1 m)
• The board proposes a dividend of SEK 0,60 per share (SEK 0,50)

For additional information, contact:
Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85

For the full report, see attached PDF.

___________________________________________________________________________

Formpipe develops ECM products and solutions for structuring information and supplies them to major companies, authorities and organisations. ECM products help organisations to capture, manage and distribute information, and to place it in context. The company’s software helps improve efficiency, cut costs and reduce risk exposure. Formpipe was founded in 2004 and has offices in Sweden, Denmark, United Kingdom, The Netherlands and USA. The Formpipe share is listed on Nasdaq Stockholm.

Attachment

• 2018 Q4 ENG.pdf