ifa systems AG: ifa systems achieves satisfactory business performance in the first half of the year

[ Report ]

Frechen (pta018/30.07.2021/10:00) - - 10.7% sales increase from TEUR 3,441 to TEUR 3,810

- 21.1% increase in runtime licenses from TEUR 2,027 to TEUR 2,657, so that recurring sales exceeded 2.5 million euros for the first time

- Establishment of the new product iMS – ifa Managed Security TEUR 127

Despite the corona crisis, ifa systems AG, a listed specialist for health IT applications in ophthalmology, recorded an almost stable course of business in the first half of 2021 with sales of €3.81 million, a good 10% higher than the previous year (€3.44 million). The EBITDA margin was 17.4 percent (TEUR 723), slightly below the previous year's figure (19.5%, TEUR 737), with a slightly positive result (EBIT) of TEUR 11 (previous year: TEUR 114). Operating cash flow amounted to TEUR 569 in the first half of the year, while free cash flow amounted to TEUR 139.

"We have managed to position ourselves even more reliably thanks to rapid organizational adjustments. We can be satisfied with the result under these conditions," Jörg Polis stated, Chief Executive Officer of ifa systems AG. "The many new regulations and laws promote digitization in the healthcare sector, not only in Germany, but also in many other countries with customers of ifa."

The share of runtime licenses in sales has continued to increase, which shows ifa's resilience to difficult conditions, such as the COVID-19 pandemic. In the first half of the year, the share of runtime licenses in sales was almost 70%. New business developed at approximately the same level as in the previous year. In contrast, the share of low-margin sales, mainly from hardware and third-party software, was more than 50% lower than in the previous year.

A further €0.5 million in financial liabilities were also reduced in the first half of 2021. Cash and cash equivalents at the end of the period amounted to €1.285 million (previous year: €1.639 million).

In the course of a reduction in the size of the Executive Board, Christoph Reinartz left the Executive Board on 22/07/2021. He will continue to be responsible for the development of software in the company as Head of Product Engineering & Solutions. "Just as we have set the course for the success of tomorrow in recent years, we will continue to work closely with the entire team for the success of ifa systems AG in the future," Mr. Polis said.

Scheduled date

Annual General Meeting 30 April 2021

Disclaimer

Statements in this Corporate News that relate to future developments are based on our careful assessment of future events. The actual results of the company may differ significantly from the planned results, because they depend on a variety of market and economic factors, some of which are beyond the company's control.

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Detailed information can be found in the full interim report 2020. It is available in German only on the Internet at https://www.ifasystems.de/ueber-ifa/investor-relations/finanzpublikationen/ ( http://about:blank/ ).

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