Mülheim an der Ruhr, April 9th, 2019. During the preparation of the annual financial report, it became evident that, following the implementation of the restructuring measures at EASY SOFTWARE AG, significantly more positive results were generated in the fourth quarter of 2018 than in the same quarter of the previous year. The overall forecast for the 2018 financial year remains in line with expectations of revenue of EUR 45-47 million. EBITDA will be negative in 2018 due to the communicated non-recurring effects of the restructuring.
Compared to the same quarter of the previous year, revenue in the fourth quarter of 2018 increased by 13% to EUR 14.9 million and EBITDA before non-recurring effects and own work capitalised increased by around 56% to EUR 2.7 million. New business with licenses and cloud subscriptions increased by 18% in the same period of the previous year.
This revenue trend continued in the first quarter of 2019 with revenue growth of around 23% compared with the first quarter of the previous year. New business with licenses and cloud subscriptions increased by 58% in the same period of the previous year, without the inorganic growth through the acquisition of Apinauten GmbH it was 41% revenue growth with licenses and cloud subscriptions in the same period of the previous year.
EASY SOFTWARE AG
The Management Board