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Profile Software, an international financial solutions provider, announced today the Group's financial results as well as key milestones of FY2017, such as the significant increase in revenue from international operations (63% of total turnover), EBITDA and net profitability, the acquisition of Login SA the French Treasury software provider, and its expansion in 35 countries.

Profile Group FY 2017 revenue increased by 24% y-o-y, demonstrating a significantly improved position in the international marketplace which was achieved through the development of new products, the enhancements on existing systems (technologically and operationally) and the offering of new services to existing customers, but also through new projects awarded at domestic and international level.

At a consolidated level, the Group’s turnover amounted to € 11.6 million compared to € 9.3 million in 2016 as a result of new sales in Europe, Americas and Africa, customers’ loyalty with the selection of new products and services by Profile and the successful acquisition of Login SA, a French Treasury Management software provider whose products have already been incorporated into the Group's portfolio and are internationally available. Revenue from international operations continues to grow and account for 63% of total sales, compared to 57% in 2016.

Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) amounted to € 3.9 million versus € 2.8 million in 2016, while the EBITDA margin was at a satisfactory level of 34% as a result of the successful deployment of own products (instead of 3rd party) and better management of the operating costs. Earnings before tax amounted to € 1.40 million compared to € 0.54 million of the previous year, mainly due to the increase of the Group's turnover figure. As a result, earnings after tax and minority interests amounted to € 1.02 million from € 0.56 million in 2016, while earnings per share were at € 0.0867 versus € 0.0477.

The Group demonstrates steady financial growth since the debt over equity ratio is considered satisfactory at 1.04x, and the current ratio was 1.85x as a result of effective management of the working capital. Parent company’s turnover amounted to € 7.4 million and earnings before depreciation, interest and taxes (EBITDA) stood at € 1.0 million in 2017.

The group’s internationally awarded platforms (IMSplus & Axia, FMS.next, RiskAvert, Acumennet, etc.) were selected and implemented by organizations in the UK, France, Monaco, Qatar, Peru, etc. The range of solutions has been enriched with the addition of Login’s Treasury Management platform which offers integration with all banking systems and advanced Treasury functions. At the same time, the FMS.next platform, amongst others, was enriched with new functionality, while Axia Robo-Advisor was successfully developed and launched, as well as new solutions added to the existing omni-channel investment management platform.

In addition, the Group became a member of UK Finance (BBA) and PIMFA, the UK's leading banking and investment management associations, respectively. Profile’s international recognition continued with distinctions received on its solutions, both by being reviewed in analyst reports (Gartner, Aite, IBS, etc.) and by being awarded with: “Most Innovative Wealth Management Software Provider 2017" by Wealth & Finance, “Most Trusted Banking Treasury Solutions Provider - Europe 2018” by Global Brands, "Portfolio Management”, "Risk Profiling Solution” by WealthBriefing GCC awards, "Best Digital Banking Solutions Provider Europe - 2018" by Global Banking & Finance Review and "Most Outstanding Core Banking Solutions Provider Europe 2018" by Corporate Vision.

The Group is also supporting the active promotion of its FinTech solutions to international markets and is increasing its manpower with new professional executives. Based on the previous fiscal year results and by concentrating on international markets expansion, the Group's management is optimistic in achieving this year’s targets as well.

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