TRIFORK A/S 
By 23/05/13 Quarterly announcement Q1-2013
Published: 2013-05-23 09:11:21 CEST
Trifork A/S Interim report
Quarterly announcement Q1-2013 Message No. 7/2013Aarhus, 2013-05-23 09:11 CEST (GLOBE NEWSWIRE) --
Trifork maintains its growth forecast for 2013Trifork maintains its expectations of a total revenue in 2013 of DKKm 245 and an EBITDA-result for the year of DKKm 37.
Financial performance in the first quarter of 2013
Trifork achieved a total revenue of DKKm 61.4 in the period, corresponding to a growth of 12%
compared to the same period in 2012, where a revenue of DKKm 54.9 was achieved. Profit before tax, interest, depreciation and amortization (EBITDA) totalled DKKm 5.1, corresponding to an EBITDA-margin of 8.3%. This result is below the expected level and DKKm
4.9 below the result for the same period in 2012, where an EBITDA-result of DKKm 10 was realised.
All business areas have made a profit in the period.
"In Q1-2013 we have carried out increased investments in developing new products that we look forward to benefit from in the future. The level of investment is scaled down in Q2-2013 where we will focus on improving our EBITDA-margin. "Says Jørn Larsen, CEO of Trifork.
Highlights for the first quarter of 2013
Mobile: The company has invested significant resources in the development of Trifork's eMobility Platform, Enterprise app-store and Notification Server. The eMobility platform provides a common security framework for the handling and use of mobile applications on a company's core infrastructure.
Agile: During the period resources have been focused on developing new conferences. The QCon London conference was completed with satisfactory results, although these were slightly below the initial expectations.
Cloud: Trifork continues to see very positive developments in cloud products and expertise. Several new B-to-B customer projects have been launched for major international groups both in Denmark and internationally.
The increased sales efforts in the second half of 2012 has proven a positive effect and in Q1-2013 several new contracts have been concluded with several significant new customers on projects to be delivered during 2013.
Trifork in 2013 expects a total revenue of DKKm 245, corresponding to a growth of 10% compared to 2012.
The EBITDA-result is expected to be DKKm 37, corresponding to a growth of 22% compared to
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