QPR Software - Company Announcement

QPR SOFTWARE TO REVISE ITS FULL-YEAR 2015 GUIDANCE

QPR SOFTWARE PLC   STOCK EXCHANGE RELEASE   8 JUNE 2015 at 4.00 P.M.

QPR Software lowers its estimate for full year results 2015, based on rapid
weakening of the market in the second quarter especially in its home market
Finland. Several consulting and software projects have slowed down or been
postponed. QPR estimates that the weakened market situation is caused by
stringent economic situation in Finland and temporary delays in operational
development projects especially in the public sector. 

In 2015, the Company has, in line with its strategy, continued outlays in its
new software products as well as in related international sales channel
expansion. This has led into very rapid increase in offers made to customers,
especially in the Company´s process analysis business. As a result of these
outlays, the Company´s expenses have risen, mainly due to recruitments in early
2015 and higher marketing costs. 

QPR estimates that the market remains weak over summer, but will improve
gradually towards the end of the year. Despite the current market slump, the
Company estimates its net sales to grow this year compared to previous year
(2014: EUR 9.541 million), but profitability to remain lower than in the
previous year due to higher expense level. The Company estimates its operating
profit to amount to approximately 6-11% of net sales (2014: 11.5%), depending
on realization of software license offers into deals during the remaining part
of 2015. Seasonality of large software deals can affect significantly net sales
and profit of one individual quarter. 

Previously, the Company estimated its net sales and operating profit in euros
to increase in 2015, compared to 2014. 


QPR Software Plc
The Board of Directors

For further information, please contact:

Jari Jaakkola, CEO
Tel +358 40 502 6397
http://www.qpr.com

DISTRIBUTION:
NASDAQ OMX Helsinki Ltd
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