PRESS RELEASE – REGULATED INFORMATION
HYBRID SOFTWARE GROUP RELEASES Q3 RESULTS
Cambridge (UK) 20 October 2022 (18.00 CEST) – Hybrid Software Group PLC (Euronext: HYSG) gives a buying and selling replace for the 9 months ended 30 September 2022.
CEO Mike Rottenborn feedback, “The third quarter of 2022 was marked by consistent performance in the Enterprise Software and Printing Software segments. Revenue of the Printhead Solutions segment recovered to levels in line with the third quarter of 2021 after having experienced a severe downturn in H1 due to the global shortage of electronic components. Group revenue for the quarter was up 12% year-over-year despite experiencing more challenging business conditions than a year ago.
“The third quarter results were favourably impacted by the sale of an unused asset (approximately 69,000 IPv4 internet addresses) for a net amount of €3.3 million which closed in July. Given the nature of the sale this income is reported as “Other Income” and isn’t included in our income figures, however it’s accretive to EBITDA.
“Group EBITDA was significantly up in Q3 thanks to better operational performance across the board and the sale of the IPv4 internet addresses. EBITDA for the quarter was €4.58 million compared to €1.61 million for Q3 2021. Credit is due to the entire team for rising to the challenge of these difficult business conditions, and our smaller businesses which focus on colour management, 3-D visualisation, and legacy printing devices deserve special mention for outperforming their revenue and cost targets.
“Although business conditions remain challenging, with rising inflation and the war in Ukraine causing uncertainty for our customers, we have delivered profitable growth throughout the difficult climate of the pandemic, and we expect to continue this in the future”.
Financial highlights for the 9 months finished 30 September 2022
The following info is unaudited.
For the quarter ended 30 September 2022
- Revenue for the interval was €11.29 million (2021: €10.09 million)
- EBITDA for the interval was €4.58 million, or 41% of income (2021: €1.61 million, 16% of income)
For the 9 months ended 30 September 2022
- Revenue for the interval was €34.73 million (2021: €33.87 million)
- EBITDA for the interval was €9.20 million, or 26% of income (2021: €7.42 million, 22% of income)
Segment evaluation
The following tables present unaudited details about income from exterior prospects and EBITDA for the Group’s working segments for the present and former monetary years. EBITDA is calculated by including again curiosity, tax, depreciation and amortisation to web revenue.
For extra details about the Group’s working segments, check with the annual report for the 12 months ended 31 December 2021, which is obtainable from:
https://www.hybridsoftware.group/investors/financial-reports.
For the quarter finished 30 September 2022:
| In thousands and thousands of euros (unaudited) | Enterprise Software | Printhead Solutions | Printing Software | Group | Total |
| Revenue from exterior prospects | 5.14 | 2.49 | 3.66 | – | 11.29 |
| Segment EBITDA | 1.36 | 0.13 | 3.40* | (0.31) | 4.58 |
| as a % of income | 27% | 5% | 93% | 41% |
*Includes “Other Income” of €3.3 million as outlined above.
For the quarter finished 30 September 2021:
| In thousands and thousands of euros (unaudited) | Enterprise Software | Printhead Solutions | Printing Software | Group | Total |
| Revenue from exterior prospects | 4.52 | 2.51 | 3.06 | – | 10.09 |
| Segment EBITDA | 1.46 | 0.14 | 0.28 | (0.27) | 1.61 |
| as a % of income | 32% | 6% | 9% | 16% |
For the 9 months finished 30 September 2022:
| In thousands and thousands of euros (unaudited) | Enterprise Software | Printhead Solutions | Printing Software | Group | Total |
| Revenue from exterior prospects | 16.47 | 6.10 | 12.16 | – | 34.73 |
| Segment EBITDA | 4.33 | 0.35 | 6.14 | (1.62) | 9.20 |
| as a % of income | 26% | 6% | 51% | 26% |
For the 9 months finished 30 September 2021:
| In thousands and thousands of euros (unaudited) | Enterprise Software | Printhead Solutions | Printing Software | Group | Total |
| Revenue from exterior prospects | 14.85 | 10.74 | 8.28 | – | 33.87 |
| Segment EBITDA | 5.17 | 2.52 | 0.53 | (0.80) | 7.42 |
| as a % of income | 35% | 23% | 6% | – | 22% |
About Hybrid Software Group
Through its working subsidiaries, Hybrid Software Group PLC (Euronext: HYSG) is a number one developer of enterprise software program for industrial print manufacturing. Customers embody press producers equivalent to HP, Canon, Durst, Roland, Hymmen, and tons of of packaging printers, commerce retailers, and converters worldwide.
Hybrid Software Group PLC is headquartered in Cambridge UK. Its subsidiary firms are color know-how specialists ColorLogic, printing software program builders Global Graphics Software, enterprise software program developer HYBRID Software, 3D design and modelling software program builders iC3D, the commercial printhead driver options specialists, Meteor Inkjet and pre-press workflow developer Xitron.
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