(AOF) – In the first quarter, Planisware achieved turnover of 40.9 million euros, up 19.6% at constant exchange rates. It increased by 18.5% at current exchange rates. Recurring revenue amounted to €37.2 million (91% of total revenue), up 26.2% at constant exchange rates, driven by Planisware’s SaaS offering.
“Driven by a notable gain in notoriety generated by our IPO on Euronext Paris in April, Planisware has experienced considerable commercial success since the start of the year, by signing with new clients, by developing among our existing clients, and by renewing contracts on all our pillars and in all our geographies”, commented Loïc Sautour, general manager of Planisware.
Building on the performance of the first quarter of 2024, the software publisher specializing in project management has confirmed its 2024 objectives. It anticipates growth at constant exchange rates in turnover of around 19.5%, an adjusted Ebitda margin of approximately 33% and a cash conversion ratio of approximately 80%.
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Beautiful dynamics
According to the latest Truffle 100 ranking, the sector’s total turnover in France jumped 15% last year to cross the 25 billion euro mark. The sector has benefited from an unprecedented growth rate and confirms its recovery after the health crisis. The average annual growth over fifteen years is 12 times higher than that of GDP! Dassault Systèmes retains first place with more than 5.6 billion euros in revenue last year. Cegid, specialist in software for accountants, and the fintech Murex are placed in second and third position with respectively 791 and 711 million euros in turnover. Polarization is one of the characteristics of the sector: the gap in turnover between the 50th and the 100th publisher has increased further in 2022 to reach almost 28 million euros. Performance was improved as the profitability rate (as a percentage of turnover) increased from 9.1% to 10.4%. The outlook is good because artificial intelligence, seen as revolutionary, is expected to drive the market in 2023, as is cybersecurity.