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2020-07-28

Innofactor Plc's Half-Yearly Report for January 1–June 30, 2020 (IFRS)

Innofactor Plc Half-Yearly Report July 28, 2020, at 9:00 Finnish time


 

Innofactor's net sales grew on Q2 and H1, and the operating margin reached record highs as regards the comparison periods

April–June 2020 in brief:

  • The net sales were approximately EUR 16.8 million (2019: 16.7), which shows an increase of 0.6%
  • The operating margin was approximately EUR 2.1 million (2019: 1.1), which shows an increase of 83%
  • The operating profit was EUR 0.9 million (2019: 0.2), which shows an increase of 479%
  • The order backlog at the end of the review period was EUR 56.9 million (2019: 44.2), which shows an increase of 29%
  • Innofactor got several significant orders in the first quarter, for example,
    • The framework agreement for The Employment Fund, approximately EUR 3–5 million (not yet in the order backlog at the end of the review period)
    • The Microsoft Office 365 and Microsoft SharePoint application management services for VTT, approximately EUR 2.5 million
    • Digitalizing the quotation process for a large manufacturing industry company, approximately EUR 1.7 million
    • Further development for a Swedish trade union, approximately EUR 1.0 million (not yet in the order backlog at the end of the review period)

January–June 2020 in brief:

  • The net sales were approximately EUR 33.9 million (2019: 32.8), which shows an increase of 3.4%
  • The operating margin was approximately EUR 4.0 million (2019: 2.0), which shows an increase of 101%
  • The operating profit was EUR 1.7 million (2019: EUR 0.1), showing growth of 2,602%.
Key figures of the group, IFRS      
  .   Apr 1–Jun 30, 2020 Apr 1–Jun 30, 2019 Change   Jan 1–Jun 30, 2020 Jan 1–Jun 30, 2019 Change
  Net sales, EUR thousand   16,755 16,651 0.6%   33,907 32,799 3.4%
  Growth of net sales   0.6% -2.1%     3.4% -2.0%  
  Operating result before depreciation and amortization (EBITDA), EUR thousand*   2,063 1,127 83.1%   4,020 1,997 101.4%
  percentage of net sales*   12.3% 6.8%     11.9% 6.1%  
  Operating profit/loss (EBIT), EUR thousand*   884 153 479.1%   1,700 63 2,602.3%
  percentage of net sales*   5.3% 0.9%     5.0% 0.2%  
  Earnings before taxes, EUR thousand*   1,196 -104 1,247.2%   1,073 -301 456.7%
  percentage of net sales*   7.1% -0.6%     3.2% -0.9%  
  Earnings, EUR thousand*   1,274 2 76,015.7%   1,478 -86 1,817.2%
 
Författare Innofactor Plc

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