QPR SOFTWARE PLC Qpr Software Revises Its Full-Year 2019 Guidance
15 October 2019 - 10:30PM
UK Regulatory
TIDMQPR1V
QPR SOFTWARE PLC STOCK EXCHANGE RELEASE 15 OCTOBER 2019 at 2:30 P.M.
QPR Software revises its full-year 2019 guidance
QPR Software revises its estimate for full-year results 2019, based on
weaker outlook in performance management software, modeling software and
consulting businesses. The Group also publishes preliminary information
about its January - September 2019 financial results.
Process mining software QPR ProcessAnalyzer's strong net sales growth
(+42% in January -- September 2019) has continued, but it has not fully
compensated net sales decrease in other businesses. Unaudited,
preliminary financial results show a 4.9% decrease and EUR 7,015
thousand net sales in January - September 2019 (Jan-Sep 2018: 7,376
thousand). The operating result estimate is EUR -90 thousand (391).
Previously published outlook for 2019
Previously, QPR estimated net sales to grow in 2019 (2018: EUR 10,047
thousand) and operating result to be lower than in the previous year due
to increased costs, while remaining still positive (2018: 5.2% of net
sales).
Updated outlook for 2019 and mid-term financial targets
QPR estimates net sales to decrease in 2019 (2018: EUR 10,047 thousand),
and operating result (EBIT) to be slightly negative (0 -- 4% of net
sales). Process mining business is expected to continue its strong
growth in the last quarter of the year.
The Company's mid-term target in 2020 -- 2022 is to grow net sales by an
average of 15 -- 20% per annum. The target is mainly based on
international net sales growth in process mining, where we target an
annual growth of over 50%.
QPR will publish Interim Report for January -- September on Thursday,
October 24, 2019.
QPR Software Plc
The Board of Directors
Contact information:
Jari Jaakkola, CEO
Tel +358 40 502 6397
http://www.qpr.com
DISTRIBUTION:
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(END) Dow Jones Newswires
October 15, 2019 07:30 ET (11:30 GMT)
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