2023 half-year results
Business turnover
1
growing by +10%+18% increase in current operating profit
Solid financial structure
COHERIS, leading French publisher of CRM (customer relationship management and intelligence) and Data Analytics (analytics and artificial intelligence, performance management and predictive applications),
today announces its results as of June 30, 2023, approved during a board meeting held on September 26, 2023 and which were subject to a limited examination by the Statutory Auditor.
|
In €m, IFRS, currently under limited review |
H1 2023 |
H1 2022 |
VAR. |
Total turnover | 7.5 | 6.9 | +9% |
|
– of which business turnover |
6.9 |
6.2 |
+10% |
current operating income | 1.2 | 1.0 | +18% |
Other operating income and expenses | (0.1) | – | |
Operating income | 1.1 | 1.0 | +8% |
Net profit | 1.2 | 2.6 | -53% |
Business turnover
1
growing by +10%
At 1
er
half-year 2023, COHERIS records an IFRS turnover of €7.5 million, an increase of 9%. Excluding intra-group re-invoicing, business turnover
1
of the company amounts to €6.9 million, up +10% compared to 1
er
semester 2022.
With this performance, COHERIS signs a 5
th
consecutive half-year of growth marked by a further increase of +28% in subscription sales (annual licenses), after a strong increase in these sales in 2022. As of June 30, 2023, these subscription sales represent 42% of the turnover. business.
Revenues linked to perpetual licenses and associated maintenance only represent 26% of turnover as of June 30, 2023, in accordance with the ongoing transition made by the company since 2029 towards distribution of its software in cloud mode.
Revenues relating to the provision of services amounted to €2.2 million per year, an increase of +5% compared to 1
er
half-year 2022 and represent 33% of turnover as of June 30, 2023.
Finally, the stock of recurring revenues on an annual basis (ARR
2
) stands at €10.1 million as of June 30, 2023, up +11.5% compared to December 31, 2022.
+18% increase in current operating profit
COHERIS records current operating income of €1.2 million, up sharply by +18% compared to the first half of 2022, benefiting from control of its expense structure. At the end of June 2023, the workforce was 70 people, stable compared to June 30, 2022.
After restating non-recurring income and expenses, operating profit stood at €1.1 million compared to €1.0 million in the first half of 2022.
Net profit amounted to €1.2 million, compared to €2.6 million in the first half of 2022, which included tax income linked to the activation of tax losses of €1.5 million. Excluding this effect, the net profit for the first half of 2023 would have been up.
Solid financial structure
As of June 30, 2023, COHERIS displays a solid financial structure with on the balance sheet:
Equity of €16.0 million, an increase of +8% compared to December 31, 2022 (€14.7 million);
A financial debt over one year of €5.0 million, down -12% compared to December 31, 2022 (€5.7 million), including a rental debt of €4.4 million in accordance with application of IFRS 16;
Net cash of €11.9 million, up +7% compared to December 31, 2022 (€11.2 million), excluding the impact of the application of IFRS 16 and including the current account linked to the agreement cash pooling with ChapsVision.
Next publication:
Annual turnover 2023, January 31, 2024, after market closing
About COHERIS
Reference publisher of CRM solutions (customer relationship management and intelligence) and Data Analytics (analytics and artificial intelligence, performance management and predictive applications).
More than 500 companies, from SMEs to multinationals, have already trusted COHERIS in more than 80 countries. COHERIS relies on integrator partners and its own experts to offer its clients operational, analytical and predictive solutions to improve their performance.
COHERIS has been listed on compartment C of Euronext Paris since June 30, 1999 (ISIN: FR0004031763 / Ticker: COH).
More information at https://corporate.coheris.com.
CONTACTS
|
Contact COHERIS Jean-François Ménager Group Deputy Managing Director T +33 (0)1 57 32 60 60 [email protected] |
Contact SEITOSEI.ACTIFIN Financial communication Alexandre Commerot T +33 (0)1 56 88 11 18 [email protected] |
1
Business turnover excludes intra-group re-invoicing
2
Annual Recurring Revenues
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