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2015-08-18

Asiakastieto Group's Interim Report 1.1. - 30.6.2015: Strong second quarter supports the growth of Asiakastieto Group

ASIAKASTIETO GROUP PLC, STOCK EXCHANGE RELEASE 18 AUGUST 2015, 01.00 P.M. EEST

Asiakastieto Group's Interim Report 1.1. - 30.6.2015: Strong second quarter
supports the growth of Asiakastieto Group

SUMMARY

The figures presented in this interim report are unaudited.

April
-
June 2015 in short:

* Net sales amounted to EUR 11,3 million (EUR 10,3 million), an increase of
9,7 %.
* Adjusted EBIT excluding non-recurring items was EUR 4,7 million (EUR 4,4
million).
* Operating profit (EBIT) was EUR 4,4 million (EUR 4,3 million). Operating
profit included non-recurring expenses of EUR 0,3 million (EUR 0,1
million).
* The share of new products and services of net sales was 8,2 % (5,2 %).
* The share of value-added services of net sales was 61,3 % (56,5 %).
* Free cash flow amounted to EUR 1,9 million (EUR 2,9 million). The impact of
non-recurring items on free cash flow was EUR -1,4 million (EUR -0,0
million).
* Earnings per share were EUR 0,21 (EUR -0,17).

Interim period January
-
June 2015 in short:

* Net sales amounted to EUR 21,9 million (EUR 20,7 million), an increase of
5,6 %.
* Adjusted EBIT excluding non-recurring items was EUR 9,0 million (EUR 9,1
million).
* Operating profit (EBIT) was EUR 6,5 million (EUR 9,0 million). Operating
profit included non-recurring expenses of EUR 2,5 million (EUR 0,2
million), mostly relating to the Company's listing.
* The share of new products and services of net sales was 6,6 % (5,3 %).
* The share of value-added services of net sales was 59,7 % (56,2 %).
* Free cash flow amounted to EUR 5,3 million (EUR 8,4 million). The impact of
non-recurring items on free cash flow was EUR -2,8 million (EUR -0,1
million).
* Earnings per share were EUR 0,30 (EUR -0,30).

Future outlook

Future outlook remains unchanged. Asiakastieto Group expects its full-year net
sales in 2015 to grow compared to 2014.

JUKKA RUUSKA, CEO

"The development of the sales of Asiakastieto Group in the second quarter of
the year was strong. Volumes turned into slight growth, even though there
were not yet significant changes to be seen in the number of transactions
occurring between companies. The net sales of Asiakastieto Group increased in
all product areas and amounted to EUR 11,3 million (EUR 10,3 million) in
total. The growth of 9,7 per cent compared to the previous year was mainly
due to a good demand of new services.

Asiakastieto Group builds also tailored services for its customers. These
services are delivered as projects and they are recognised as revenue based
on the stage of completion. Due to the characteristics of this business, the
number and size of project deliveries may vary significantly from one period
of time to another. Revenue from long-term service development projects
recognised as well as additional deliveries relating to prior service
development projects grew compared to the corresponding period of the
previous year. This revenue is generated as ordinary course of business, but
it is not expected to recur during the rest of the year, at least not in the
same amount. Net sales also included sales that happened timewise to be
recognised on the second quarter in a larger extent than in the previous
year.

The adjusted EBIT excluding non-recurring items was EUR 4,7 million (EUR 4,4
million). The increase in adjusted operating profit was particularly
supported by the fact that our most successful new services were highly
processed and based on our own database. On the other hand, the growth in
revenue from real estate information services has led to an increase in
information gathering expenses.

We expect that our new services to be launched during the latter half of the
year, relating to decision making and acquisition of new customers, will
respond to our client companies' need to digitalise their own businesses. We
see, also in the future, a significant demand potential for SaaS-type
(Software as a Service) services, which is an important part of our offering
and which we are developing further. For example, by using the automatised 3D
Decision Service intended for the stabilisation of credit risks and revenue,
companies can rapidly and cost-effectively boost their processes for risk
management, finance and administration and sales."

KEY FIGURES

---------------------------------------------------------------------------------------------------------------------------------------------------------
| Key income statement and cash flow figures and ratios 1.4. - 30.6.2015 1.4. - 30.6.2014 1.1. - 30.6.2015 1.1. - 30.6.2014 1.1. - 31.12.2014 |
|EUR million |
| |
| Net sales 11,3 10,3 21,9 20,7 41,4 |
| Growth of net sales, %1 9,7 -2,1 5,6 -2,5 0,1 |
| |
| EBITDA 4,9 4,8 7,6 10,0 19,7 |
| Operating profit (EBIT) 4,4 4,3 6,5 9,0 17,6 |
| |
| Adjusted EBITDA2 5,3 4,9 10,1 10,1 20,6 |
| Adjusted EBITDA margin, %2 46,4 47,4 46,3 48,9 49,8 |
| |
| Adjusted EBIT2 4,7 4,4 9,0 9,1 18,6 |
| Adjusted EBIT margin, %2 41,5 42,4 41,1 44,1 45,0 |
| |
| Net sales from new products and services 0,9 0,5 1,4 1,1 2,8 |
| New products and services share of net sales, % 8,2 5,2 6,6 5,3 6,7 |
| |
| Net sales from value-added services 7,0 5,8 13,1 11,6 23,2 |
| Value-added services share of net sales, % 61,3 56,5 59,7 56,2 56,1 |
| |
| Free cash flow3 1,9 2,9 5,3 8,4 16,8 |
| Cash conversion, %3 39,3 61,2 69,0 84,7 85,3 |
| |
| |
| Key balance sheet ratios 1.4. - 30.6.2015 1.4. - 30.6.2014 1.1. - 30.6.2015 1.1. - 30.6.2014 1.1. - 31.12.2014 |
| |
|EUR million |
| |
| Net debt to adjusted EBITDA, x4 2,7 9,8 2,8 9,5 3,0 |
| Gearing, %4 79,2 neg. 79,2 neg. 95,8 |
| Equity ratio, %4 48,8 -53,4 48,8 -53,4 46,7 |
| |
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____________________________________________________________________

1The growth of net sales for periods from 1 April to 30 June 2014 and 1
January to 30 June 2014 has been calculated by comparing the net sales of the
period to the net sales in the comparative period in 2013.

2Adjusted key figures are adjusted by non-recurring items. Non-recurring items
include management fees which the Company has paid to Investcorp, the former
owner of the Company, until the listing of the Company for certain ongoing
advisory services, costs relating to the listing, an expense relating to the
discount given to the personnel in the personnel offering, fees for legal and
other advisory services, redundancy payments and compensations paid.
Non-recurring items were EUR -0,3 million for the second quarter 1 April - 30
June 2015, EUR -0,1 million for the comparative period 1 April - 30 June
2014, EUR -2,5 million for the interim period 1 January - 30 June 2015, EUR
-0,2 million for the comparative period 1 January - 30 June 2014 and EUR -1,0
million for the annual financial period 1 January - 31 December 2014.

3The impact of non-recurring items on free cash flow was EUR -1,4 million for
the second quarter 1 April - 30 June 2015, EUR -0,0 million for the
comparative period 1 April - 30 June 2014, EUR -2,8 million for the interim
period 1 January - 30 June 2015, EUR -0,1 million for the compar...

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