ENTERSOFT S.A. Corporate Presentation
Q1 2024
April 30, 2024
Software for ambitious enterprises
Disclaimer
This presentation has been prepared, issued and presented by Entersoft S.A. (the "Company").
The information contained in this presentation has not been independently verified and no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. In no event any of the Company, shareholders or any of their respective affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document.
The information included in this presentation may be subject to updating, completion, revision and amendment and such information may change materially. No person is under any obligation to update or keep current the information contained in the presentation and any opinions expressed in relation thereof are subject to change without notices. This presentation is subject to any future announcements of material information made by the Company in accordance with law.
Unless otherwise stated in this Presentation, all financials contained herein are stated in accordance with International Financial Reporting Standards ('IFRS').
The Financial Results and the basic Financial information presented herein refer to unaudited financial figures and include the estimates of the Management and provisions relating to financial data or other events of the fiscal year 2024.
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Software for ambitious enterprises 2
Q1 2024 at a glance
- All units resulted in 12% revenue growth, in line with expectations
- Launch of new Entersoft WorkLife HCM, strong demand for electronic invoicing and increasing demand for ERPs supported significantly the organic growth
- Strong pipeline of signed new projects to be implemented in the next quarters
- EBITDA growth rate 9% slightly lower than revenue growth rate due to calendarization of costs
(amounts in millions €, Consolidated) Unaudited
Revenue | 11.3 | |
+12% | ||
10.1 | ||
Q1 2023 | Q1 2024 |
EBITDA | ||
+9% | 4.3 | |
3.9 | ||
Q1 2023 | Q1 2024 | |
Margin | 39% | 38% |
EBT | 3.37 | |
+9% | ||
3.10 | ||
Q1 2023 | Q1 2024 |
Software for ambitious enterprises 3
Revenue breakdown by activity
1.45 | -13% | |||||||
License sales drop due to move | ||||||||
Licenses | 1.27 | |||||||
towards SaaS and 23Q1 higher | ||||||||
comparison base | ||||||||
Q1 2023 | Q1 2024 | |||||||
Mainly organic growth | +8% | 3.92 | ||||||
3.64 | ||||||||
Annual Releases | ||||||||
(Maintenance) | ||||||||
Q1 2023 | Q1 2024 | |||||||
Steady growth attributed to greater | +11% | 3.93 | ||||||
3.55 | ||||||||
Services | ||||||||
demand by the installed base | ||||||||
Q1 2023 | Q1 2024 |
Significant growth driven mainly by | |
SaaS | strong demand for eInvoicing and the |
new products launched only as SaaS | |
+49% | ||||
1.28 | 1.91 | |||
Q1 2023 | Q1 2024 |
Software for ambitious enterprises 4
Geographies
- Greek revenues of 8,98 mil Euros corresponding to 12% growth YoY.
- Revenues decline in Romania (Bit Software) due to fewer than expected new Sales mainly because of delays in RRF local projects
- Other geographies significant increase thanks to new projects of existing and new customers.
Greece
8.98
8.04
Q1 2023 | Q1 2024 |
Romania
1.77
1.69
Q1 2023 | Q1 2024 |
Other
0.31 | 0.64 |
Q1 2023 | Q1 2024 |
Software for ambitious enterprises 5
Appendix
Software for ambitious enterprises
Entersoft Group Structure
Entersoft S.A.
Parent
Entersoft Bulgaria |
EOOD |
100% |
Wedia Ltd
100%
SmartCV PCC
70%
CGSoft Ltd.
100%
SW RetailSoft S.A.
100%
Infopower HR
Solutions PCC
100%
Bit Software S.A.
84.2%
Wisoft S.R.L.
58.9%
Paydemic S.R.L.
50.1%
All entities are subject to full consolidation in accordance with prevailing accounting standards
Software for ambitious enterprises 7
T H A N K YO U !
Contact us
info@entersoft.gr
Athens | Thessaloniki | Patras | Larisa | Sofia | Bucharest
www.entersoft.gr
+30.211.101.5000
Software for ambitious enterprises
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Entersoft SA published this content on 30 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2024 06:45:54 UTC.
