QPR Software - Inside information

QPR Software Revises Its Full-Year 2019 Guidance

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 +358 40 502 6397
http://www.qpr.com

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