Formpipe Fourth quarter and full year 2023 results

October 1 - December 31, 2023

	2023	2022	Δ
Net sales of SEK	136 m	(128 m)	7%
Recurring revenues of SEK	101m	(84 m)	20%
which corresponds to % of net sales	74 %	(66 %)
EBITDA SEK	33 m	(20 m)	64%
EBITDA margin	24 %	(16 %)
EBIT	17 m	(6 m)	202%
EBIT margin	13 %	(4 %)
Net profit SEK	19 m	(5 m)	265%
Net profit margin	14 %	(4 %)
EPS before dilution SEK	0,34	(0.09)	265%
Cash flow from operating activities SEK	66 m	(64 m)	4%
ACV SEK	9 m	(24 m)	-61%
ARR SEK	405 m	(369 m)	10%

January 1 - December 31, 2023

	2023	2022	Δ
Net sales of SEK	525 m	(485 m)	8%
Recurring revenues of SEK	383 m	(320 m)	20%
which corresponds to % of net sales	73 %	(66 %)
EBITDA SEK	115 m	(72 m)	58%
EBITDA margin	22 %	(15 %)
EBIT	49 m	(16 m)	211%
EBIT margin	9 %	(3 %)
Net profit SEK	37 m	(9 m)	321%
Net profit margin	7 %	(2 %)
EPS before dilution SEK	0,68	(0.16)	321%
Cash flow from operating activities SEK	103 m	(81 m)	27%
ACV SEK	39 m	(49 m)	-20%
ARR SEK	405 m	(369 m)	10%
Proposed dividend per share SEK, paid out on two occasions	0.50	(0.00)

This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

This information is insider information that Formpipe Software AB (publ) is obliged make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out above, at 08.15, 16 February 2024.

 

Read the report and more via this link: Fourth quarter and full year 2023 results

For additional information, contact:

Magnus Svenningson
CEO of Formpipe
[e-mail]

Formpipe builds valuable relationships between data and people. Driven by our core values, since 2004 we have developed premium software that provides you with the right information, in the right context, at the right time. Every time.

We help over 5,500 clients worldwide to digitize and automate business processes. Together with our customers and partners, we co-create a digital society where people thrive. We have offices in Sweden, Denmark, United Kingdom, USA and Germany. Formpipe Software is a publicly listed company on Nasdaq Stockholm.

https://news.cision.com/formpipe-software/r/formpipe-fourth-quarter-and-full-year-2023-results,c3929923

https://mb.cision.com/Main/6271/3929923/2609509.pdf

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