Exact Holding B.V.
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Publicatie datum
11 feb 2010 - 07:46
Statutaire naam
Exact Holding B.V.
Titel
Exact Reports Increased EBITDA Margin and Cash Flow for FY 2009
Bericht
Exact Reports Increased EBITDA Margin and Cash Flow for FY 2009
Early preparation for global economic downturn and diligent cost management mitigates impact on profitability
Delft, February 11, 2010 – Exact Holding N.V. (Exact) announces its results for FY 2009.
Financial highlights
• The global economic crisis impacted revenue across all regions negatively, resulting in a decline of total revenue by 10.9% to € 232.5 million (FY 2008: € 261.0 million). This was caused by a decline in license and service revenue, which was partly offset by an increase in maintenance revenue.
• Total operating costs have been reduced by € 24.8 million to € 186.8 million (FY 2008: € 211.6 million), representing a decline of 11.7% and mainly driven by a decrease in personnel expenses.
• EBITDA margin increased to 23.4% (FY 2008: 22.3%) as a result of compensating some 85% of the revenue decline by early initiation of cost savings. EBITDA amounted to € 54.3 million (FY 2008: € 58.2 million), representing a decline of 6.6%.
• Net income amounted to € 33.6 million (FY 2008: € 36.4 million), representing a decrease of 7.7% as a result of a lower operating income.
• Despite the negative economic climate the operating cash flow increased by 5.6% to € 49.8 million (FY 2008: € 47.1 million), representing a profit to cash conversion of 147% (FY 2008: 128%).
• The net cash position increased to € 48.9 million as per December 31, 2009 (December 31, 2008: € 44.7 million). The balance sheet remains very strong and virtually debt free.
• EPS amounted to € 1.47 (FY 2008: € 1.54), representing a decrease of 4.5%.
• A final dividend payout of € 0.81 per share will be proposed in addition to the interim dividend of € 0.66 per share paid on August 7, 2009. This amounts to a total dividend for 2009 of € 1.47 per share, which represents a 100% payout of net income in line with dividend policy.
Datum laatste update: 20 mei 2025