Business
2017 Preliminary Results Announcement
2017 Preliminary Results Announcement.
About this update from Alfa Financial Software Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 0511H Alfa Financial Software Hldgs PLC 08 March 2018 \n\n8 March 2018\nAlfa Financial Software Holdings PLC\n \n2017 Preliminary Results Announcement\n \nStrong momentum and execution in 2017\n \nAlfa Financial Software Holdings PLC (\"Alfa\" or the \"Company\"), a leading developer of mission critical software for the asset finance industry, today publishes its audited results for the year ended 31 December 2017. \n \nBusiness Highlights:\n \n• Five successful completed software implementations\n• Strong pipeline and diversity of prospects gives confidence for 2018\n• Increased headcount to 329 by end of year 2017 (2016: 269), providing increased fee earning capacity\n• Digitalisation and functional evolution of Alfa continue to drive sales pipeline \n \nFinancial Highlights:\n \n\n\n\n\n\n\n\n2017\n\n\n2016\n\n\nGrowth\n\n\n\n\nStatutory Highlights\n\n\n£million unless otherwise stated\n\n\n£million unless otherwise stated\n\n\n%\n\n\n\n\nRevenue\n\n\n87.8\n\n\n73.3\n\n\n20%\n\n\n\n\nOperating profit\n\n\n33.8\n\n\n16.6\n\n\n104%\n\n\n\n\nProfit for the period\n\n\n25.9\n\n\n9.9\n\n\n162%\n\n\n\n\nEarnings per share - basic\n\n\n9.1 pence\n\n\n2.8 pence\n\n\n225%\n\n\n\n\n \n \n\n\n\n\n\n\n\n2017\n\n\n2016\n\n\nGrowth\n\n\n\n\nFinancial Highlights (1)\n\n\n£million unless otherwise stated\n\n\n£million unless otherwise stated\n\n\n%\n\n\n\n\nRevenue - constant currency\n\n\n86.1\n\n\n79.1\n\n\n9%\n\n\n\n\nAdjusted EBIT\n\n\n41.2\n\n\n32.8\n\n\n26%\n\n\n\n\nAdjusted EBIT - constant currency\n\n\n39.6\n\n\n33.8\n\n\n17%\n\n\n\n\nAdjusted earnings per share - diluted\n\n\n11.0 pence\n\n\n8.0 pence\n\n\n38%\n\n\n\n\n \n(1) See Definitions section for further information of the calculation of measures not specifically defined by IFRS\n \n \nAndrew Denton, CEO of Alfa, commented:\n \n\"This has been a significant year for Alfa with the successful delivery of five software implementations and the continued expansion of our customer base. Despite the weakening dollar in the last quarter of the year, we have delivered revenue of £87.8 million, at the top end of our guidance of underlying high double-digit top line growth and a 2017 Adjusted ...