RNS Number : 1310Y

Alfa Financial Software Hldgs PLC

12 January 2022

12 January 2022

Alfa Financial Software Holdings PLC

Pre-close trading update

Strong close to 2021

Alfa Financial Software Holdings PLC ("Alfa" or the "Company"), a leading developer of mission-critical software for the asset finance industry provides an update on trading in advance of announcing its 2021 full year results on Wednesday 9 March 2022.

Strong trading continues

Alfa has continued to perform strongly in the fourth quarter with good revenue generation across all business streams. Software revenue has been higher than expected with continued strong delivery of development days alongside additional licence income recognition from incremental licence sales.

Our strong delivery record has continued with three go-lives for new Alfa Systems v5 customers in the quarter, along with ten other go-lives, to total twenty-seven for the year as a whole.

Overall we expect our 2021 full year results to be towards the upper end of Company compiled current market expectations, which are revenue of GBP80m - GBP82m and operating profit of GBP19m - GBP22m.

Andrew Denton, Chief Executive Officer of Alfa said:

"I am delighted that we have been able to carry on the strong momentum developed in the first half in terms of both financial performance and delivery through to the end of the year. This performance alongside the strategic progress we have made, the confidence we have in the quality of our people and the strength of the intellectual property in our software give us great confidence in Alfa's prospects for 2022".


 Alfa Financial Software Holdings 
  Andrew Denton, Chief Executive 
  Duncan Magrath, Chief Financial 
  Officer                            +44 (0)20 7588 1800 
 Tulchan Communications LLP 
  James Macey White 
  Victoria Boxall                      +44 (0)20 7353 4200 

Notes to Editors

Alfa has been delivering software systems and consultancy services to the global asset and automotive finance industry since 1990. Our best practice methodologies and specialised knowledge of asset finance facilitates delivery of large software implementations and highly complex business change projects. With an excellent delivery track record spanning three decades, Alfa's experience and performance is unrivalled in the industry.

Alfa Systems, our class-leading technology platform, is at the heart of some of the world's largest asset finance companies. Key to the business case for each implementation is Alfa Systems' ability to replace multiple customer systems with our single platform. Alfa Systems supports both retail and corporate business for auto, equipment, wholesale and dealer finance on a multijurisdictional basis, including leases/loans, originations and servicing. An end-to-end solution with integrated workflow and automated processing using business rules, Alfa Systems provides compelling solutions to asset finance companies.

Alfa Systems is currently used by customers or has live implementations in 26 countries and Alfa has offices in Europe, Australasia and North America. For more information, visit www.alfasystems.com .

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(END) Dow Jones Newswires

January 12, 2022 02:00 ET (07:00 GMT)

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