Easy Software AG reported earnings results for the first half of 2018. The EASY Group's revenue during the first half of 2018 amounted to EUR 20.6 million against EUR 19.6 million a year ago. This equals an increase of 4.9%. The cloud computing business, which doubled, was the growth driver. However, there were significant project postponements in the traditional licensing and consulting business. Regionally, the German market developed at a growth rate of about 5.6%, while the international subsidiaries were unable to show any growth. Other operational income amounting to EUR 0.3 million against EUR 0.5 million a year ago, the resultant total revenue amounted to EUR 21.0 million against EUR 20.1 million a year ago. Against this background, operating income before interest, taxes and write-offs (EBITDA) during the first half of 2018 amounted to EUR 0.6 million against EUR0.1 million a year ago. Net cash flow arising from operational activity for the reporting period amounted to EUR 6.0 million against EUR7.4 million a year ago.

Crucial for achieving the target of the annual forecast predicting sales amounting to EUR 45 - EUR 47 million and a Group EBITDA amounting to EUR 3.5 - EUR 4.3 million is if the delayed licensing project from first half year can be sold within the remaining months of 2018. Another factor to achieving the target will be company's new employees that should succeed in generating revenue. The third quarter will prove the progress. Planning possible short-term measures based on the half-year statement, and the investments based on the new EASY 21 strategy will be finalized during the third quarter 2018.