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Generix Group S.A. — Earnings Release 2014
Apr 28, 2014
1361_iss_2014-04-28_bbb54bb7-9bea-4348-b543-6caa9f425f0d.pdf
Earnings Release
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Revenue 2013/2014: Revenue up by 2% over the scope of the maintained activities Doubling of the signatures of new SaaS contracts
Paris, April 28, 2014 - Generix Group, collaborative software vendor for Retail ecosystem today issued revenues for financial year 2013/2014.
| Quarter ended March 31 |
Change | 12 months ended March 31 |
Change | |||
|---|---|---|---|---|---|---|
| Unaudited | 2014 | 2013 | 2014 | 2013 | ||
| Licenses | 894 | 1 502 | -40% | 4 037 | 4 245 | -5% |
| Maintenance | 4 161 | 4 191 | -1% | 16 562 | 16 654 | -1% |
| SaaS | 3 308 | 3 452 | -4% | 12 487 | 11 832 | 6% |
| Software revenues | 8 363 | 9 145 | -9% | 33 086 | 32 731 | 1% |
| Consulting Services | 4 029 | 4 270 | -6% | 16 315 | 15 611 | 5% |
| Revenues from continued operations | 12 392 | 13 415 | -8% | 49 401 | 48 342 | 2% |
| Revenues from discontinued operations (1) | 2 868 | 3 666 | -22% | 12 226 | 14 785 | -17% |
REVENUE UP BY 2% OVER THE FISCAL YEAR
(1) CGE ERP activity currently being sold - refer to the press releases from January 17 and February 20, 2014
The fiscal year saw the Group record an increase of 2% in its revenue compared to the previous period over the scope of the maintained activities (excluding the GCE ERP activity branch for which the final sale is scheduled for May 2, 2014).
Fiscal 2013/2014 is marked by strong growth in sales with the number of new SaaS contracts signed more than doubling: 8.8 million euros (+118%).
This growth in sales is accompanied by loyalty of the installed SaaS base with a low attrition rate of 4.3% over fiscal 2013/2014, an improvement compared to the previous period (5%).
As such, the rate of signatures and the level of attrition recorded over fiscal 2013/2014 allow the CMRR (monthly recurring revenue after taking into account contracts that are signed but which have not started yet and cancellations that have not yet taken effect) to grow nearly 20% over fiscal 2013/2014, which makes it possible to project a sharp increase in growth in SaaS revenue over the upcoming period.
Over the scope of the maintained activities, sales of licenses are down 5%.
The Consulting & Services activity is up 5% linked to the many implementations generated by the new SaaS signatures.
The fourth quarter, down 8% in the scope of the maintained activities, is marked by:
- A 40% decline in sales of licenses to be considered with a 116% increase in new SaaS contracts signed;
- A 4% decline in SaaS revenue due to an unfavorable basis effect with the billing in the fourth quarter of the previous period of non-recurring over-consumption. With this phenomenon corrected, SaaS revenue is maintaining a growth rate exceeding 10% as has been the case since the 2nd quarter.
ONGOING IMPROVEMENT IN THE GROUP'S PROFITABILITY ON THE SCOPE OF THE MAINTAINED ACTIVITIES
The growth in revenue observed over the scope of the maintained activities makes it possible to confirm the substantial improvement expected in the results and in the cash flow for these same activities over the past period.
Supplemental and non-IFRS Financial Information
Supplemental non-IFRS information (above-mentioned as CMRR) presented in this press release are subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Company's supplemental non-IFRS financial information may not be comparable to similarly titled non-IFRS measures used by other companies.
Information related to goodwill depreciation risk
In accordance with the AMF No. 2011-18 recommendation, we call attention on our goodwill depreciation risk as described in our reference document from March 31, 2013 (refer to section 4.2.2 "Goodwill depreciation risk"), as well as in our half-year financial report from September 30, 2013 (refer to note 1 section 2.1.6 "Additional notes").
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New press release: June 2, 2014 after closing of the stock exchange Annual results for financial year 2013/2014
Contacts
Ludovic Luzza Chief Financial Officer Tel.: +33 (0)1 77 45 42 80 [email protected] www.generixgroup.com
Mike Hadjadj Marketing & Communication Director Tel.: +33 (0)1 77 45 43 41 [email protected] www.generixgroup.com
Stéphanie Stahr CM-CIC Emetteur Tel.: +33 (0)1 45 96 77 83 [email protected] www.cmcics.com
About Generix Group
Generix Group provides the rapidly evolving Retail Ecosystem with leading Collaborative Software Solutions to operate profitably, adjust effectively, and grow sustainably. Generix Group helps retailers, third party logistics providers and manufacturers, in managing, sharing and optimizing their data flows. Generix Collaborative Business portfolio relies on strong business expertise encompassing ERP, Supply Chain and Cross-Channel management, and uniquely leverages A2A/B2B Gateway and Portal solutions.
Carrefour, Cdiscount, Gefco, Kuehne + Nagel, Leclerc, Leroy Merlin, Louis Vuitton, Metro, Nestlé, Sara Lee, Sodiaal, Unilever... more than 1,500 international companies trust "Generix Collaborative Business" solutions to profitably run their business, establishing Generix Group as a European leader with over €62M in revenue.
www.generixgroup.com