QPR Software
QPR SOFTWARE TO REVISE ITS FULL-YEAR 2015 GUIDANCE
QPR Software 08.06.2015 15:00 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- QPR SOFTWARE PLC STOCK EXCHANGE RELEASE 8 JUNE 2015 at 4.00 P.M. QPR Software lowers its estimate for full year results 2015, based on rapid weakening of the market in the second quarter especially in its home market Finland. Several consulting and software projects have slowed down or been postponed. QPR estimates that the weakened market situation is caused by stringent economic situation in Finland and temporary delays in operational development projects especially in the public sector. In 2015, the Company has, in line with its strategy, continued outlays in its new software products as well as in related international sales channel expansion. This has led into very rapid increase in offers made to customers, especially in the Company's process analysis business. As a result of these outlays, the Company's expenses have risen, mainly due to recruitments in early 2015 and higher marketing costs. QPR estimates that the market remains weak over summer, but will improve gradually towards the end of the year. Despite the current market slump, the Company estimates its net sales to grow this year compared to previous year (2014: EUR 9.541 million), but profitability to remain lower than in the previous year due to higher expense level. The Company estimates its operating profit to amount to approximately 6-11% of net sales (2014: 11.5%), depending on realization of software license offers into deals during the remaining part of 2015. Seasonality of large software deals can affect significantly net sales and profit of one individual quarter. Previously, the Company estimated its net sales and operating profit in euros to increase in 2015, compared to 2014. QPR Software Plc The Board of Directors For further information, please contact: Jari Jaakkola, CEO Tel +358 40 502 6397 http://www.qpr.com DISTRIBUTION: NASDAQ OMX Helsinki Ltd Main Media News Source: NASDAQ OMX 08.06.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: QPR Software Finland Phone: Fax: E-mail: Internet: ISIN: FI0009008668 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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