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Generix Group S.A. — Earnings Release 2011
Jun 1, 2011
1361_iss_2011-06-01_ac0925b5-7953-4866-b621-58801c4df857.pdf
Earnings Release
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Generix Group announces for operating results financial year 2010/2011
Paris, June 1, 2011 - Generix Group, issued preliminary results for a leading software vendor for Collaborative financial year 2010/2011. Business, today
Generix Group issues today estimated final results on June 30, 2011. The preliminary results for financial year 2010/2011, and will release The press release will be published on June 30, 2011 at 7 or am CET.
| Unaudited | Twelve months ended March 31, |
Change | |
|---|---|---|---|
| IFRS consolidated accounts, in millions of euros |
2010/2011 | 2009/2010 | |
| Revenues | 66.2 | 68.6 | -2.4 |
| Income from operations (1) | -5.2 | -2.7 | -2.5 |
| EBITDA (2) | -0.1 | 1.6 | -1.7 |
(1) The property tax is now recorded as a reduction of the income tax benefit as opposed to an operational expense in previous ye 0.7 million euros for the twelve month period ended March 31, 2011. The property March 31, 2010 was reclassified as a reduction of the income taxes benefit for comparability purposes. tax amounting to 0.7 million euros for the twelve month period ended years. This tax amounts to
(2) L'EBITDA corresponds to income from operations adjusted from net amortization and provisions and capitalized software development costs tware
Generix Group recorded a 5.2 million euro operating loss in 2009/2010. This loss is explained b increase in SaaS revenues and by was reduced to 560 people compared 2010/2011 was impacted by reorganization readability of the Group's offering. Cost reduction initiatives departments, but overruns were recorded expected margins. Adjusted from capitalized compared to slight cash generation 2 for 2010/2011 as compared to 3. by a license revenue decrease that was no a reduction of operating charges. Average headcount to an average of 586 people in 2009/2010. Financial yea of the sales force and marketing were carried out recorded in particular in the consulting activity that did not . software development costs, EBITDA in 2009/2010. 3.5 million euros t offset by the significant verage in 2010/2011 year eting efforts to improve the out across all group's deliver , is almost break-even,
| Unaudited | Twelve months ended March 31, |
Change | |
|---|---|---|---|
| Net debt, in millions of euros | 2010/2011 | 2009/2010 | |
| Cash and cash equivalents, end of period | 3.7 | 5.8 | -2.1 |
| Short-term and long-term portions of financial obligations term |
-8.1 | -11.4 | 3.3 |
| Net debt | -4.4 | -5.6 | 1.2 |
Financial year 2010/2011 resulted in a 2.1 million euro improvement of DSO, i.e. average number of days of sales outstanding, days in 2010/2011, did not fully offset the decrease in operating cash generation reimbursements and investments line, up to 3 million euro, was made available to Generix Group in February 2011 current account granted by one of addition, an 8.5 million euro short August 1st, 2011, as agreed with its banks cash decrease compared to prior year. from 92 days in 2009/2010 s' financing. In order to address this cash decrease, a factoring credit of its shareholders, Pléiade Investissement, at the end of April 2011. In short-term credit line will be made available to Generix Group banks, and as announced on January 24, 2011. The 2009/2010 to 74 generation after loan . 2011, as well as a 750 K€ term only starting
Investor relations Jérôme ARNAUD Chief Financial Officer [email protected] +33 (0) 1 77 45 41 80
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Press contact Stéphanie STAHR CM-CIC Emetteur [email protected] +33 (0)1 45 96 77 83
About Generix Group
Generix Group offers Collaborative Business solutions that optimize consumer goods availability across the supply chain and increase their sales. This unique offering on the market is targeted at the CPG industry, food & specialist retail, e-commerce and transport/logistics companies.
With €66 million in revenues, Generix Group is the European leader for Collaborative Business solutions for the trade and supply chain markets. Carrefour, Gefco, Leclerc, Leroy Merlin, Nestlé, Unilever, DHL Exel Supply Chain, Louis Vuitton Sodiaal, Metro, Sara Lee, Kuehne + Nagel, Cdiscount... Over 1500 retailers, global manufacturers and logistic providers selected Generix Group Collaborative Business solutions.
www.generixgroup.com