QPR SOFTWARE PLC Qpr Software Revises Its Full-Year 2019 Guidance

 
TIDMQPR1V 
 
   QPR SOFTWARE PLC   STOCK EXCHANGE RELEASE   15 OCTOBER 2019 at 2:30 P.M. 
 
 
 
 
   QPR Software revises its full-year 2019 guidance 
 
   QPR Software revises its estimate for full-year results 2019, based on 
weaker outlook in performance management software, modeling software and 
consulting businesses. The Group also publishes preliminary information 
about its January - September 2019 financial results. 
 
   Process mining software QPR ProcessAnalyzer's strong net sales growth 
(+42% in January -- September 2019) has continued, but it has not fully 
compensated net sales decrease in other businesses. Unaudited, 
preliminary financial results show a 4.9% decrease and EUR 7,015 
thousand net sales in January - September 2019 (Jan-Sep 2018: 7,376 
thousand). The operating result estimate is EUR -90 thousand (391). 
 
   Previously published outlook for 2019 
 
   Previously, QPR estimated net sales to grow in 2019 (2018: EUR 10,047 
thousand) and operating result to be lower than in the previous year due 
to increased costs, while remaining still positive (2018: 5.2% of net 
sales). 
 
   Updated outlook for 2019 and mid-term financial targets 
 
   QPR estimates net sales to decrease in 2019 (2018: EUR 10,047 thousand), 
and operating result (EBIT) to be slightly negative (0 -- 4% of net 
sales). Process mining business is expected to continue its strong 
growth in the last quarter of the year. 
 
   The Company's mid-term target in 2020 -- 2022 is to grow net sales by an 
average of 15 -- 20% per annum. The target is mainly based on 
international net sales growth in process mining, where we target an 
annual growth of over 50%. 
 
   QPR will publish Interim Report for January -- September on Thursday, 
October 24, 2019. 
 
   QPR Software Plc 
 
   The Board of Directors 
 
   Contact information: 
 
   Jari Jaakkola, CEO 
 
   Tel [phone] 
 
   http://www.qpr.com 
 
   DISTRIBUTION: 
 
   NASDAQ OMX Helsinki Ltd 
 
   Main Media 
 
 
 
 
 
 

(END) Dow Jones Newswires

October 15, 2019 07:30 ET (11:30 GMT)

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