Financial Year 2019

2019 Q4 Year-to-Date Update

Year-to-Date, Jan – Dec 2019

  • FY 2019 license revenue was SEK 1,518 (US$ 161 million), an increase of 32% versus 2018
  • FY 2019 maintenance revenue was SEK 1,911 million (US$ 202 million), an increase of 16%
  • FY 2019 consulting revenue was SEK 2,174 million (US$ 230 million), an increase of 14%
  • FY 2019 adjusted EBITDA was SEK 1,454 million (US$ 154 million), an increase of 32%
  • FY 2019 net revenue was SEK 6,317 million (US$ 668 million), an increase of 20%
  • IFS’s strategic growth markets also saw double-digit increases in license revenues, with Aerospace & Defense growing 38% and Field Service Management up 51% versus 2018
  • IFS cloud and SaaS revenue for FY 2019 increased 56% versus the same period of 2018 (excluding Astea and WorkWave).

Financial Year 2019 Press Release

IFS financial highlights FY19 Click to expand

I am incredibly proud to lead the team that has delivered this impressive performance. Our employees clearly understand our focus, feel ownership of our progress, and stand united in a passion for our customers. Our differentiator is not that we talk about customer centricity, but that we commit to delivering customer value. The investments made last year into our product and partner enablement will benefit the company in the long-term and will have a positive impact for our customers – and our own business – in 2020 and beyond.

Darren Roos
Chief Executive Officer
IFS

2019 Q3 Year-to-Date Update

Year-to-Date, Jan – Sep 2019

  • License revenue amounted to SKr 1,081 million (YTD '18: SKr 736 million), an increase of 47 percent (40 percent in constant currency).
  • Maintenance revenue was SKr 1,394 million (YTD '18: SKr 1,205 million), an improvement of 16 percent (11 percent in constant currency).
  • Consulting revenue amounted to SKr 1,592 million (YTD '18: SKr 1,351 million), an increase of 18 percent (13 percent in constant currency).
  • Net revenue totaled SKr 4,558 million (YTD '18: SKr 3,713 million), an improvement of 23 percent (17 percent in constant currency).
  • Adjusted EBITDA was SKr 1,001 million (YTD '18: SKr 707 million), an improvement of 41 percent (38 percent in constant currency).

Q3 2019 Press Release

The success of our business transformation is apparent as Q3 now marks our sixth straight quarter of growth above 20 percent. Over the last 18 months, we’ve gone from being a fragmented global business to a fast-growing organization operating globally at scale. All the while, we’ve never lost sight of our commitment to providing the best experience for our customers, which remains our guiding principle.

Our topline growth does not come from extracting revenue from our installed base through tactics like compliance audits. On the contrary, we are winning half of our license revenues from new customers. I believe this speaks volumes about our ability to beat the larger legacy vendors with a proposition that offers what the others don’t: choice and a focus on real customer value.

Darren Roos
CEO

2019 Q2 Update

Second Quarter (April–June 2019)

  • License revenue amounted to SKr 398 million (Q2 '18: SKr 291 million), an increase of 37 percent (32 percent in constant currency).
  • Maintenance revenue was SKr 464 million (Q2 '18: SKr 404 million), an improvement of 15 percent (11 percent in constant currency).
  • Consulting revenue amounted to SKr 562 million (Q2 '18: SKr 472 million), an increase of 19 percent (15 percent in constant currency).
  • Net revenue totaled SKr 1,586 million (Q2 '18: SKr 1,326 million), an improvement of 20 percent (15 percent in constant currency).
  • Adjusted EBITDA was SKr 403 million (Q2 '18: SKr 205 million), an improvement of 97 percent (92 percent in constant currency).

Q2 2019 press release

Reflecting on Q2 of this year, I’m simply blown away by what we accomplished together as we focused on delivering sensible solutions to our customers. IFS is the only vendor of scale in our sector that stands on a principle of choice, providing an experience free from ultimatums. Now that we see what this IFS is truly capable of, expectations for the second half of the year remain high and I am pleased to have increased our guidance for the remainder of the year to deliver 2019 revenues of $711 million, or 6.35 billion SEK, an increase that represents a 21% increase year-on-year.

Darren Roos
CEO

2019 Q1 Update

First Quarter (January–March 2019)

  • License revenue amounted to SKr 295 million (Q1 '18: SKr 177 million), an increase of 67 percent (57 percent in constant currency).
  • Maintenance revenue was SKr 448 million (Q1 '18: SKr 382 million), an improvement of 17 percent (11 percent in constant currency).
  • Consulting revenue amounted to SKr 512 million (Q1 '18: SKr 411 million), an increase of 25 percent (18 percent in constant currency).
  • Net revenue totaled SKr 1,410 million (Q1 '18: SKr 1,091 million), an improvement of 29 percent (22 percent in constant currency).
  • Adjusted EBITDA was SKr 259 million (Q1 '18: SKr 153 million), an improvement of 69 percent (65 percent in constant currency).

Q1 2019 press release

Our customer obsession continues to drive our financial results as we once more massively outpace the market, and our numbers speak for themselves. As the fastest growing ERP company of scale, we are well positioned to capture a much bigger piece of the market in 2019 and beyond. Customers no longer accept the annual audits, the made-up compliance tricks, or the upgrade ultimatums, which have become the new normal. Quite simply, customers are realizing IFS is a better alternative.

Darren Roos
CEO

Investor Contacts

Chiara Lattuada

Phone: +44 7463 350454

Contact Chiara Lattuada