April-
- Cloud ARR order intake decreased 7.4 percent to
EUR 5.2 million (EUR 5.6 million ), which amounted to 9.7 percent organic decrease at constant currencies -
Net sales increased 5.2 percent to
EUR 40,563 thousand (EUR 38,571 thousand ), which amounted to 2.3 percent organic growth at constant currencies -
Cloud revenue increased 11.4 percent to
EUR 33,024 thousand (EUR 29,633 thousand ), which amounted to 8.1 percent organic growth at constant currencies -
EBIT decreased to
EUR -8,755 thousand (EUR 1,800 thousand ) -
Adjusted EBIT increased 2.1 percent to
EUR 1,965 thousand (EUR 1,926 thousand ) -
Loss for the period was
EUR -9,737 thousand (EUR -1,407 thousand ) -
Adjusted profit for the period was
EUR 983 thousand (EUR -1,282 thousand ) -
Earnings per share (diluted) were
EUR -0.67 (EUR -0.10 ) -
Adjusted earnings per share (diluted) were
EUR 0.07 (EUR -0.09 )
January-
- Cloud ARR order intake increased 8.8 percent to
EUR 9.2 million (EUR 8.5 million ), which amounted to 6.5 percent organic growth at constant currencies -
Net sales increased 4.1 percent to
EUR 79,441 thousand (EUR 76,313 thousand ), which amounted to 1.8 percent organic growth at constant currencies -
Cloud revenue increased 10.8 percent to
EUR 65,021 thousand (EUR 58,676 thousand ), which amounted to 8.1 percent organic growth at constant currencies -
EBIT decreased to
EUR -6,415 thousand (EUR 3,180 thousand ) -
Adjusted EBIT increased 30.5 percent to
EUR 4,383 thousand (EUR 3,385 thousand ) -
Loss for the period was
EUR -8,799 thousand (EUR -2,885 thousand ) -
Adjusted profit for the period was
EUR 1,999 thousand (EUR -2,707 thousand ) -
Earnings per share (diluted) were
EUR -0.61 (EUR -0.20 ) -
Adjusted earnings per share (diluted) were
EUR 0.14 (EUR -0.19 )
Key figures
EUR thousand | 4-6/ 2022 | 4-6/ 2021 | Change, % | 1-6/ 2022 | 1-6/ 2021 | Change, % | 2021 |
Net sales | 40,563 | 38,571 | 5.2 | 79,441 | 76,313 | 4.1 | 153,155 |
Cloud revenue | 33,024 | 29,633 | 11.4 | 65,021 | 58,676 | 10.8 | 119,996 |
Cloud ARR order intake | 5,197 | 5,611 | -7.4 | 9,226 | 8,479 | 8.8 | 17,064 |
EBIT | -8,755 | 1,800 | N/A | -6,415 | 3,180 | N/A | 7,144 |
Adjusted EBIT | 1,965 | 1,926 | 2.1 | 4,383 | 3,385 | 30.5 | 7,501 |
EBITDA | -4,518 | 5,852 | N/A | 2,015 | 11,077 | -81.8 | 22,828 |
Adjusted EBITDA | 6,202 | 5,977 | 3.8 | 12,813 | 11,255 | 13.8 | 23,186 |
Gearing, %1 | 79.5 | 55.4 | 43.5 | 79.5 | 55.4 | 43.5 | 72.5 |
Cash and cash equivalents1 | 28,759 | 40,560 | -29.1 | 28,759 | 40,560 | -29.1 | 31,060 |
Cash flow from operating activities | 3,851 | 1,278 | 201.3 | 6,241 | 7,636 | -18.3 | 20,435 |
Earnings per share, diluted, EUR | -0.67 | -0.10 | 570.0 | -0.61 | -0.20 | 205.0 | -0.99 |
Adjusted earnings per share, diluted, EUR | 0.07 | -0.09 | N/A | 0.14 | -0.19 | N/A | -0.96 |
Personnel1 | 1,382 | 1,340 | 3.1 | 1,382 | 1,340 | 3.1 | 1,347 |
1 1At the end of the period.
The half year financial report is unaudited.
Guidance for 2022
- Order Intake to grow between 15 and 35 percent at organic constant currencies
- Net sales to grow between 3 and 6 percent at organic constant currencies
-
EBIT between
EUR 7 and 10 million, excluding any impact from one-off expenses related to the tender offer fromSapphire BidCo Ltd
Previous guidance given on
- Order Intake to grow between 15 and 35 percent at organic constant currencies
- Net sales to grow between 3 and 6 percent at organic constant currencies
-
EBIT between
EUR 7 and 10 million
CEO
"Second quarter of 2022 developed according to our expectations both in terms of net sales and profitability. Total net sales grew 5.2% as reported and 2.3% at constant currencies y-o-y to
This quarter we experienced indications of a shift in the external business environment compared to the first quarter of the year. The impact of the war in
During Q2 we saw a continued improvement in our customer feedback as seen in the Gartner Peer Insights Business-to-Business customer review platform.
Outlook for the rest of the year remains unchanged. Order intake, net sales and profitability is expected to develop in accordance with our guidance for the remainder of the year. Due to the tender offer activities, an update to our EBIT guidance was given on the 27th of
Results conference call
Time: Thursday,
Place: Basware HQ, Linnoitustie 2, Cello-building, Espoo,
Video webcast and teleconference registration: https://basware.videosync.fi/2022-q2-results
Teleconference numbers:
PIN: 11564618#
To join in analysts and press briefing, please contact ir@basware.com.
CEO
For more information, please contact:
Tel. +358 (0)40 751 7194, martti.nurminen@basware.com
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