Alfa Financial Software Hldgs PLC Trading Statement (1310Y)
12 January 2022 - 6:00PM
UK Regulatory
TIDMALFA
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".
Enquiries
Alfa Financial Software Holdings
PLC
Andrew Denton, Chief Executive
Officer
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
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