Proactis SA - Financial Information 6m 07 24
01 November 2024 - 4:05AM
UK Regulatory
Proactis SA - Financial Information 6m 07 24
Proactis SA announces financial
information for the 6 months period ended 31 July 2024
Paris – 31 October 2024 –
Proactis SA (Euronext: PROAC), a leading provider of comprehensive
spend management and business process collaboration solutions,
today announced financial information for the 6 months period ended
31 July 2024, in accordance with the “European Transparency
Obligations Directive” financial disclosure requirements.
Financial data
|
€ Million |
|
H1 FY2023
6 months period
from 1 August 2022
to 31 January 2023 |
|
H1 FY2025
6 months period
from 1 February 2024 to 31 July 2024 |
|
% Change
2025 / 2023 |
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
6.5 |
|
4.3 |
|
(34)% |
|
|
EBITDA (*) |
|
0.2 |
|
0.8 |
|
408% |
|
|
Net Earnings |
|
(1.2) |
|
(0.9) |
|
|
|
|
Operating Cashflow |
|
0.3 |
|
0.5 |
|
50% |
|
|
Cash |
|
0.2 |
|
0.5 |
|
257% |
|
|
|
|
|
|
|
|
|
|
| (*) EBITDA:
Operating result before depreciation and non-recurring items. |
|
|
|
|
Subsequent to the previous fiscal year year-end
date change to align with the Proactis UK Group year-end date
change to 31 January, the fiscal year to consider is now 2025 to
cover the period from February 1st 2024 to January, 31st 2025
(previous FY period was running from August 2022 until January 2024
- 18 months).
Accounts for the 6 months period to 31 July 2024
have been reviewed by auditors and were approved by the Proactis SA
Board of Directors on 17 October 2024.
Revenue split is as follow:
|
€ Million |
|
6 months period ended
31 January 2023 |
|
6 months period ended
31 July 2024 |
|
|
|
|
|
|
|
Revenue |
|
6.5 |
|
4.3 |
|
|
|
|
|
|
| Operating revenue |
|
4.4 |
|
2.9 |
| Revenue from intercompany
re-invoicing |
|
2.1 |
|
1.4 |
Operating revenue is at €2.9m, 35% lower than
the period to 31 January 2023. As previously communicated in
August, this revenue decrease is principally due to customer churn
where contracts were incorporating third party software. The change
to Service revenues reflects a large implementation project in the
FY23 comparative that has since been completed.
The EBITDA (*) has increased from €0.2m in the 6
months period to 31 January 2023 to €0.8m in the 6 months period to
31 July 2024. Increased EBITDA performance is driven by a
rationalisation of the cost base and lower external charges on
subcontracted projects that were included in H1 FY23 not repeated
in H1 FY25.
At 31 July 2024 the cash position was of €0.5m;
aligned with the position recorded on 31 January 2024 (€0.6m).
* * * *
About Proactis SA
(https://www.proactis.com/proactis-sa), a Proactis
Company
Proactis SA connects companies by providing
business spend management and collaborative business process
automation solutions for both goods and services, through The
Business Network. Our solutions integrate with any ERP or
procurement system, providing our customers with an easy-to-use
solution which drives adoption, compliance and savings.
Proactis SA has operations in France, Germany,
USA and Manila.
Listed in Compartment C on the Euronext Paris
Eurolist.
ISIN: FR0004052561, Euronext:
PROAC, Reuters: HBWO.LN,
Bloomberg: HBW.FP
Contacts
E-mail: investorContact@proactis.com
* * * *
- Proactis SA Financial Information 6m 07 24
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