PARIS--(BUSINESS WIRE)--Regulatory News:
Change on a
After a +1.8% increase in revenue in Q1 2017, Prodware accelerated his
growth in Q2 2017 with €43.9m in revenue, an increase of +4.4% (+2.8% on
a comparable basis given the acquisition of Nerea in March 2017)
compared to Q2 2016.
This performance is driven by the Group’s two strategic segments: Saas subscription sales (+23.9% at €8.3m) which confirms the change to the Group's sales model towards recurring revenue and high value-added publishing (+5.1% at €14.7m).
Over H1 2017, Prodware’s consolidated revenue totalled €87.2m, up 3.1%
(+2.3% on a comparable basis). This trend was driven by a 26% increase
in Saas sales and a 3.2% rise in publishing.
Over the period, the Publishing business generated €30.0m (34.4% of the Group's revenue) compared to €29.1m in H1 2016, while Saas sales generated €12.5m (14.3% of the Group's revenue) compared to €9.9m in H1 2016.
In the first six months of the year the French-speaking region generated
revenues of €49.1m, making up 56.4% of the Group's total revenue.
International activities sales represent €38.1m, 43.6% of the Group’s revenue.
With its successful development strategy focused on the most profitable markets, the Group confirms its profitable growth throughout the 2017 financial year.
Next publication :
- Half year results of 2017 & Q3 2017 revenue: 18 October 2017, after close of trading
- SFAF Meeting on half year results of 2017 : 19 October 2017 at 11.30.
is an international group specialising in integration, publishing and
hosting industry and business line IT solutions.
The group offers its technological expertise and knowledge of new technologies and business lines to support clients in their digital transformation.
With its partnerships with Microsoft and Sage in particular, Prodware is one of the only groups able to support companies in all their information system needs, both in France and internationally.
The Prodware group includes more than 1,250 employees across 15 countries and 4 continents. It generated €175.8m in revenue in 2016.
Prodware SA is listed on Euronext Growth and is eligible for FCPI (innovation funds) and SME PEA (equity savings plan).
ISIN FR0010313486 - ALPRO - FTSE 972 IT services
Prodware is FCPI eligible - A responsible company, Prodware
is a member of the Global Compact.