- Revenue forecast for 2019: revenue growth of 13%
- Operational EBITDA €2.8 to €3.8 million
- Acquisition of Apinauten accelerates growth
The Management Board of EASY SOFTWARE AG today released its forecast for fiscal year 2019.
The Management Board targets revenues amounting to €51–53 million. This also includes essential sales by Apinauten GmbH, which in 2019 already has an order entry of €1.0 million. This means growth of on average of 13% compared to the previous year. To expand its market position in digitization of business processes, the company will additionally invest more than €1.5 million yearly in new products and solutions in the cloud.
By acquiring Apinauten GmbH in 2019, EASY SOFTWARE AG made a technology acquisition in the cloud business which will accelerate growth and will be profitable in 2020. The leading IT analyst Gartner has included the multi-experience platform ApiOmat 2018 in its Magic Quadrant*. This gives EASY SOFTWARE AG one of the leading digitization platforms, including the capability of providing customers Digital Business Models in Rapid Prototyping within a few days.
Moreover, a Nearshore Center has been established at the company’s site in Istanbul, Turkey, which provides excellent access to well-trained and inexpensive development resources. The additional development teams and a support team for 24h/7d services serve to increase the innovative power of the company and of customer service.
Despite the product and service investments to be financed from operational business which cause an announced activation of about €1.5 million, the company forecasts an operational EBITDA of €2.8 – €3.8 million.
One-off effects from the acquisition of Apinauten GmbH, as well as planed start-up losses of the common cloud business amounting to about €0.4 million in FY 2019 and the financing charges for capital increase and debt capital financing of €0.5 million impact earnings, without those one-off effects an operational EBITDA of €3.7 – €4.7 million would be the estimation.
*Source: Magic Quadrant for Mobile App Development Platforms Published: 17 July 2018
EASY SOFTWARE AG
The Management Board