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Formpipe Software — Earnings Release 2022
Jan 25, 2023
3159_rns_2023-01-25_c3ad562e-ba40-4adc-bb6e-817f627ba6eb.pdf
Earnings Release
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Formpipe.
Box 231 31
SE-104 35 Stockholm
www.formpipe.se
Press release, January 25, 2023
Formpipe announces preview income statement for the fourth quarter and fiscal year 2022.
Formpipe announces preview income statement and ACV/ARR for the fourth quarter and fiscal year 2022. This press release and all information herein is preliminary and unaudited.
INCOME STATEMENT - SUMMARY
| Oct-Dec | Jan-Dec | ||||
|---|---|---|---|---|---|
| mSEK | 2022 | 2021 | 2022 | 2021 | 2021* |
| License | 7,0 | 9,9 | 16,6 | 69,3 | 28,4 |
| SaaS | 26,3 | 19,4 | 93,8 | 66,1 | 66,1 |
| Support & Maintenance | 58,1 | 54,0 | 226,4 | 212,3 | 212,3 |
| Delivery | 36,4 | 38,9 | 148,3 | 125,5 | 125,5 |
| Net revenue | 127,8 | 122,3 | 485,1 | 473,2 | 432,3 |
| EBITDA | 20,1 | 28,1 | 72,4 | 135,1 | 94,9 |
| Margin, % | 16% | 23% | 15% | 29% | 22% |
| EBIT | 5,7 | 16,0 | 15,7 | 68,5 | 42,7 |
| Margin, % | 4% | 13% | 3% | 14% | 10% |
- Comparative numbers excluding the one-off agreement with Danish Landbrugsstyrelsen in June, 2021.
Formpipe.
ARR & ACV
| Mkr | Okt-Dec | Jan-Dec | ||
|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |
| ARR In - before FX | 345,4 | 290,6 | - | 303,9 |
| ARR In - FX** | 0,1 | 2,0 | - | 16,5 |
| ARR In | 345,4 | 292,7 | - | 320,4 |
| ACV - SE Public | 5,6 | 3,4 | - | 11,6 |
| ACV - DK Public | 12,6 | 2,8 | - | 15,5 |
| ACV - Private | 5,8 | 5,1 | - | 22,4 |
| ACV - Other | -0,2 | -0,1 | - | -0,6 |
| ACV | 23,8 | 11,2 | - | 48,9 |
| ARR Out | 369,3 | 303,9 | - | 369,3 |
** Revaluation of ARR IN to the closing balance exchange rates.
For additional information, contact:
Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85
This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.
This information is information that Formpipe is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact persons set out above, at the time stated by the Company's news distributor, Cision, at the publication of this press release.
Formpipe builds valuable relationships between data and people. We are driven by our core values and since 2004 we have developed premium software that provides you with the right information, in the right context, at the right time. Every time.
We help over 5,500 clients worldwide to digitize and automate business processes. Together with our customers and partners, we co-create a digital society where people thrive. We have offices in Sweden, Denmark, United Kingdom, USA and Germany. Formpipe Software is a publicly listed company on Nasdaq Stockholm.