Interim report for January–June 2008, FormPipe Software AB (publ)
The inflow of orders remained high during the second quarter of 2008, and we have identified steadily rising demand for our ECM products. A highlight of the second quarter was the signing of the agreement with the Swedish Road Administration, which was handled by our partner Cybercom. Not only does this deal underline the success of our partner strategy, but it was also the result of a comprehensive evaluation and public purchase process by the Swedish Road Administration itself.
The Swedish Road Administration chose to decline to make call-off orders under the Verva agreement, but nevertheless selected our product. We see this as clear evidence that Verva’s ranking – where we hold top spot – is firmly underpinned and still relevant. The fact that we are now also involved in the framework agreement for the public sector in Denmark provides us with plenty of confidence in the future.
THE PERIOD 1 JANUARY–30 JUNE 2008
- Net turnover totalled SEK 48.6 million (SEK 30.0 million) – a rise of 62 %
- Operating profits amounted to SEK 13.7 million (SEK 3.6 million), with an operating margin of 30.1% (12.3%)
- Earnings per share totalled SEK 1.01 (SEK 0.26)
- Profits after tax amounted to SEK 9.9 million (SEK 2.3 million)
- Cash flow from current operations totalled SEK 14.5 million (SEK 3.5 million)
- Licence and maintenance revenue amounted to SEK 31.4 million (SEK 17.7 million) – an increase of 78 %
THE PERIOD 1 APRIL–30 JUNE 2008
- Net turnover totalled SEK 24.6 million (SEK 14.5 million) – a rise of 69 %
- Operating profits amounted to SEK 6.6 million (SEK 2.0 million), with an operating margin of 28.4% (14.3%)
- Earnings per share totalled SEK 0.45 (SEK 0.15)
- Profits after tax amounted to SEK 4.4 million (SEK 1.3 million)
- Cash flow from current operations totalled SEK 12.1 million (SEK 1.3 million)
- Licence and maintenance revenue amounted to SEK 16.5 million (SEK 8.5 million) – an increase of 93 %
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