Axway Software expects a further improvement in its profitability in 2023 – 02/22/2023 at 18:08


(AOF) – Axway Software suffered in 2012 a net loss, group share, of 40 million euros against a net profit of 9.6 million euros, a year earlier. The technology group recorded a non-cash charge – previously announced – of 82.1 million euros, due to the impairment of unamortized intangible assets or goodwill following the various operations to rationalize the portfolio of products completed in 2022.

Operating profit from activity was €46.3 million in 2022, representing 14.7% of revenue, compared to €32.9 million and 11.5% respectively the previous year.

The infrastructure software publisher had raised its 2022 objectives at the end of January. He was aiming for operating profit on activity representing between 14 and 15% of turnover. The organic growth of its turnover was expected between 4.5 and 5.5%.

Turnover came to 314 million euros, up 5.5% organically and 10% overall. At the end of December 2022, Axway’s ARR (Annual Recurrent Revenue) was €196.5 million, up 12.5% ​​at constant scope and exchange rates.

As of December 31, 2022, Axway’s workforce included 1,525 employees compared to 1,712 as of December 31, 2021. This includes the transfer of 53 employees which accompanied the product portfolio rationalization initiatives during the year.

At its next General Meeting scheduled for May 11, 2023, Axway will submit to the vote of its shareholders the distribution of a dividend of a value of 0.40 euros per share.

By 2023, Axway’s objective is to maintain organic revenue growth of between 0% and 3%. The company also intends to further improve its operating profit on business activity to reach 15 to 18% of turnover.

Axway’s medium-term ambitions will be to achieve revenue of €500 million through organic growth in sales and acquisitions and to generate an operating margin on business activity approaching 20% ​​of revenue. ‘business.

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