Prodware: Significant Increase in Revenue for H1 2023: €108.3M (+24.1%)
Press Release
Significant Increase in Revenue for H1 2023: €108.3M (+24.1%)
1st half 2023 sees Business Performance Headed in a Positive Direction
Prodware generated a revenue of €108.3 million in the first half of 2023, compared to €87.3 million in the first half of 2022, showing a significant increase of 24.1% in reported data. Like-for-like growth stands at 4.9% incorporating the acquisition adjustment following the purchase of WESTPOLE in March 2023. While the macroeconomic context remains uncertain, Prodware continues to work towards strengthening its business model with major focus on driving more organic growth while pursuing a targeted external growth strategy.
Revenue from inhouse software development continues to grow, reaching €36.2 million, showing a significant increase of 20.0%, and now accounts for 33.4% of the overall revenue.
The Integration/Services business shows an increase of 16.3% at €38.5M.
Revenue from SaaS, including associated services (comprising 51.8% of the overall activity), is on a significant growth curve of 18.2%, amounting to €56.1 million. Prodware is leveraging the efforts made over the past several years to build up its recurrent revenue stream, leading to higher profit margins and less business volatility.
Positive Outlook
About Prodware
Regulatory filing PDF file File: PRODWARE - PR Revenue S1 2023 - 25.07.2023 |
Language: | English |
Company: | |
45 Quai de la Seine | |
75019 Paris | |
France | |
ISIN: | FR0010313486 |
Euronext Ticker: | ALPRO |
AMF Category: | Inside information / News release on accounts, results |
EQS News ID: | 1688015 |
End of Announcement | EQS News Service |
1688015 25-Jul-2023 CET/CEST