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Profile Software, an international financial solutions provider, announced today the group’s full-year results. The group’s most important highlights include significant growth rates for the second consecutive year, the sustainability of high growth profitability and significant increase of revenues from International Operations, which account for 2/3 of the Group’s total revenue.

At a Group level, as of 31st of December 2018, turnover reached € 13.8 million compared to € 11.6 million in 2017, higher by 20%, as a result of new projects and the Group’s client loyalty to the range of solutions provided.

The Earnings Before Interest, Tax, Depreciation, and Amortisation (ΕΒΙΤDΑ) amounted to € 4.1 million compared to € 3.9 million in 2017 while the EBITDA Margin remained at satisfactory levels of 29%, as a result of the higher own product sales. Investments in products and commercial activities were funded completely through the increase in revenue. Earnings Before Taxes amounted to € 1.7 million compared to € 1.4 million the previous year, showing a 21% increase. Earnings after Taxes and minority interests reached € 1.3 million from € 1.0 in 2017, increased by 23%, while the earnings per share reached € 0.1061 compared to € 0.0867.

The Group maintains its financial growth, with a Debt to Equity ratio at 0.93x and general liquidity ratio at 1.85x, as a result of the efficient management of working capital.

At a Company level, the turnover amounted to € 7.8 million and Earnings before Tax at € 1.1 million.

The Group’s international expansion was boosted through new project assignments in Europe, Middle East, Africa and Asia for, Axia, Acumennet and RiskAvert, (the company’s main products) as a result of the continuous investment in product development to address the needs for global markets, but also due to a wider restructuring and increase in human capital both in headquarters and in other offices.

Group’s R&D efforts focused on the continuous development of pioneering and competitive solutions, so as to proactively respond to the evolving industry requirements. During 2018, new innovative solutions were presented on Robo Advisory, Fund Management, Leasing etc. All of the Group’s software products (Banking, Investment, Treasury and Risk Management) were made available on Saas and in the Cloud through Microsoft Azure and Amazon WS partnerships.

The Group’s solutions have been distinguished and included in leading industry reports of Gartner, Celent, Forrester, Aite group etc. while being awarded by well-established publications on innovation and advanced technology. Indicatively, some of the Group’s awards include: "Best Investment Management Software Solutions Provider 2019 – UK" by the AI Hedge Fund Awards, “Best Financial Solutions Provider of the Year - UK" by  M&A Today - Global Awards 2019, "Innovative Client Solution" by WealthBriefing GCC Region Awards 2018, "Best Specialty Financial Services Software Provider 2018: Login SA" and "Most Innovative Banking Treasury Management Software: Acumennet" by Technology Innovator Awards - Corporate Vision Magazine.

Profile Software Group is present across 38 countries and is constantly supporting the development of its solutions in International Markets. It is also hiring young and highly talented experienced professionals, while at the same time expanding to new bigger offices in London.

Based on the Group’s successful track record in the previous year along with the dynamic increase in international projects, the Group’s Management anticipates an even higher growth in the current year.

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