Business
Final Results
Final Results.
About this update from Alfa Financial Software Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 1032S Alfa Financial Software Hldgs PLC 07 March 2019 \n\n7 March 2019\nAlfa Financial Software Holdings PLC\n \n2018 Preliminary Results Announcement\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 2018. \n \nBusiness Highlights:\n \n• Improved revenue and profit performance in H2 2018, with top line increasing by 16% on H1 2018\n• Sales pipeline conversion progressing well with:\no one new customer implementation engagement underway; and \no planning underway for the rollout of the second phase of an existing multi-national engagement\n• Number of late-stage pipeline opportunities increased in comparison to June 2018\n• Discussions ongoing with the paused software implementation customer\n• Organisational changes made, including in our sales and commercial departments and progress with partner relationships\n \nFinancial Highlights:\n \n\n\n\n\n \n\n\n2018\n\n\n2017\n\n\n \n\n\n\n\nStatutory Highlights\n\n\n£million unless otherwise stated\n\n\n£million unless otherwise \nstated\n\n\nMovement \n%\n\n\n\n\nRevenue\n\n\n71.0\n\n\n87.8\n\n\n(19%)\n\n\n\n\nOperating profit\n\n\n22.4\n\n\n33.8\n\n\n(34%)\n\n\n\n\nProfit for the period\n\n\n18.2\n\n\n25.9\n\n\n(30%)\n\n\n\n\nEarnings per share - basic\n\n\n6.3 pence\n\n\n9.1 pence\n\n\n(31%)\n\n\n\n\nNet cash\n\n\n44.9\n\n\n31.3\n\n\n43%\n\n\n\n\n \n \n\n\n\n\n \n\n\n2018\n\n\n2017\n\n\n \n\n\n\n\nFinancial Highlights (1)\n\n\n£million unless otherwise \nstated\n\n\n£million unless otherwise \nstated\n\n\nMovement \n%\n\n\n\n\nRevenue - constant currency\n\n\n71.2\n\n\n84.4\n\n\n(16%)\n\n\n\n\nAdjusted EBIT\n\n\n22.4\n\n\n41.2\n\n\n(46%)\n\n\n\n\nAdjusted EBIT - constant currency\n\n\n22.5\n\n\n38.3\n\n\n(41%)\n\n\n\n\nAdjusted earnings per share - diluted\n\n\n6.1 pence\n\n\n11.0 pence\n\n\n(45%)\n\n\n\n\nOperating Free Cash Flow Conversion\n\n\n86%\n\n\n69%\n\n\nn/a\n\n\n\n\n \n(1) See Definitions section for further informa...