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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Hybrid Software Group Plc | LSE:0RGN | London | Ordinary Share | GB00BYN5BY03 | HYBRID SOFTWARE ORD SHS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.59 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Prepackaged Software | 48.04M | 1.32M | 0.0401 | 89.53 | 118.15M |
TIDMHYSG
PRESS RELEASE - REGULATED INFORMATION
HYBRID SOFTWARE GROUP RELEASES Q3 RESULTS
Cambridge (UK) 20 October 2022 (18.00 CEST) -- Hybrid Software Group PLC (Euronext: HYSG) provides a trading update for the nine months ended 30 September 2022.
CEO Mike Rottenborn comments, "The third quarter of 2022 was marked by consistent performance in the Enterprise Software and Printing Software segments. Revenue of the Printhead Solutions segment recovered to levels in line with the third quarter of 2021 after having experienced a severe downturn in H1 due to the global shortage of electronic components. Group revenue for the quarter was up 12% year-over-year despite experiencing more challenging business conditions than a year ago.
"The third quarter results were favourably impacted by the sale of an unused asset (approximately 69,000 IPv4 internet addresses) for a net amount of EUR3.3 million which closed in July. Given the nature of the sale this income is reported as "Other Income" and is not included in our revenue figures, but it is accretive to EBITDA.
"Group EBITDA was significantly up in Q3 thanks to better operational performance across the board and the sale of the IPv4 internet addresses. EBITDA for the quarter was EUR4.58 million compared to EUR1.61 million for Q3 2021. Credit is due to the entire team for rising to the challenge of these difficult business conditions, and our smaller businesses which focus on colour management, 3-D visualisation, and legacy printing devices deserve special mention for outperforming their revenue and cost targets.
"Although business conditions remain challenging, with rising inflation and the war in Ukraine causing uncertainty for our customers, we have delivered profitable growth throughout the difficult climate of the pandemic, and we expect to continue this in the future".
Financial highlights for the nine months ended 30 September 2022
The following information is unaudited.
For the quarter ended 30 September 2022
-- Revenue for the period was EUR11.29 million (2021: EUR10.09 million) -- EBITDA for the period was EUR4.58 million, or 41% of revenue (2021: EUR1.61 million, 16% of revenue)
For the nine months ended 30 September 2022
-- Revenue for the period was EUR34.73 million (2021: EUR33.87 million) -- EBITDA for the period was EUR9.20 million, or 26% of revenue (2021: EUR7.42 million, 22% of revenue)
Segment analysis
The following tables provide unaudited information about revenue from external customers and EBITDA for the Group's operating segments for the current and previous financial years. EBITDA is calculated by adding back interest, tax, depreciation and amortisation to net profit.
For more information about the Group's operating segments, refer to the annual report for the year ended 31 December 2021, which is available from:
https://www.hybridsoftware.group/investors/financial-reports.
For the quarter ended 30 September 2022:
In millions of euros Enterprise Printhead Printing (unaudited) Software Solutions Software Group Total Revenue from external customers 5.14 2.49 3.66 - 11.29 Segment EBITDA 1.36 0.13 3.40* (0.31) 4.58 as a % of revenue 27% 5% 93% 41%
*Includes "Other Income" of EUR3.3 million as outlined above.
For the quarter ended 30 September 2021:
In millions of euros Enterprise Printhead Printing (unaudited) Software Solutions Software Group Total Revenue from external customers 4.52 2.51 3.06 - 10.09 Segment EBITDA 1.46 0.14 0.28 (0.27) 1.61 as a % of revenue 32% 6% 9% 16%
For the nine months ended 30 September 2022:
In millions of euros Enterprise Printhead Printing (unaudited) Software Solutions Software Group Total Revenue from external customers 16.47 6.10 12.16 - 34.73 Segment EBITDA 4.33 0.35 6.14 (1.62) 9.20 as a % of revenue 26% 6% 51% 26%
For the nine months ended 30 September 2021:
In millions of euros Enterprise Printhead Printing (unaudited) Software Solutions Software Group Total Revenue from external customers 14.85 10.74 8.28 - 33.87 Segment EBITDA 5.17 2.52 0.53 (0.80) 7.42 as a % of revenue 35% 23% 6% - 22%
About Hybrid Software Group
Through its operating subsidiaries, Hybrid Software Group PLC https://www.globenewswire.com/Tracker?data=9xiPeGp7Z2vi9w94JBXLy2GYOfbwpVed0jzczTdAIhmU3zbHNCdWK-OlSN_W4nevov_ibCaXSDqVnwAyseH_W7yJ9Wz7Iw5q8pOFVXxVMC1SeW-yI8jdhMcje8qyqby0 (Euronext: HYSG https://www.globenewswire.com/Tracker?data=km_4wghQ2XwdJr54x9k3XQFaKE-p3KWOeSFKfI1rvMQ9Tj6r3KBN2fdkLGnctshsz9nncwRZ2X-a8yI_kOzVi8DrCeIX4zbr_5bs8PsuvgaEAmIY5nEBwrUfWy8rO1hd ) is a leading developer of enterprise software for industrial print manufacturing. Customers include press manufacturers such as HP, Canon, Durst, Roland, Hymmen, and hundreds of packaging printers, trade shops, and converters worldwide.
Hybrid Software Group PLC is headquartered in Cambridge UK. Its subsidiary companies are colour technology experts ColorLogic https://www.globenewswire.com/Tracker?data=-wikqriFeTL8JBizUBOvfZYn35NkVcNWNhvauCCSWXb8Ix-8Hjl-hQgK_kdEH52lg_RwNJqoqLHm9cCFOg5NRg== , printing software developers Global Graphics Software https://www.globenewswire.com/Tracker?data=vrLkh9dOc7HGJnenJC1apzzIUykEP5wsZIZa-KaNILhU0f5ayqlwKV2zgAda2kUpEzb8-53m-AKmP_1g9M76dcEVkofuaOSUKd90w4cMQSA= , enterprise software developer HYBRID Software https://www.globenewswire.com/Tracker?data=vYFPJtrTLczbUZ5L6xFMKcg4u-gbZgL8db2AOCjNkkndpL8DKWsNrV2zLsLaTLp6EToeVkTwiUH2grgHxttjSpE6-aYf1UEM3L8VXLgjYk4= , 3D design and modelling software developers iC3D https://www.globenewswire.com/Tracker?data=ZGa3dEWGTucV4fG74n6fZutB3sSPX6V0jyyfGKydjSX-KwA_Pd1frMfUj9cTjZYZrNRRJCAQegfqhyA7qk9WUk-7U8PxWG7-BIrWFiI6sIc= , the industrial printhead driver solutions specialists, Meteor Inkjet https://www.globenewswire.com/Tracker?data=vPsZIjeUaVTvXnF2AD6qzz-5w3FXYo_jgeaJezk0ft7EGJyTWqEiUUMumPStkpopZrkyeu0ddXfuuupjwTd-ZkId5h9Vyzb3j6zq7T12CxM= and pre-press workflow developer Xitron https://www.globenewswire.com/Tracker?data=Yi177eN2AMkMeujvBIwhwWXLGFE3tNSpQbl9HGH7YT5cXuhNoF0gSn93C9qn9lKipVgG7wznoX67vbHQIc2rqA== .
Contacts
Jill Taylor Joachim Van Hemelen Corporate Communications Director Chief Financial Officer Tel: +44 (0)1223 926489 Tel: +32 494 62 89 43 Email: jill.taylor@hybridsoftware.group Email: joachimvh@hybridsoftware.group
(END) Dow Jones Newswires
October 20, 2022 12:00 ET (16:00 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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