COHERIS: COHERIS: Results for the first half of 2022

2022 HALF YEAR RESULTS

  • Turnover up by +12.3%

  • Strong increase in current operating income

  • Solid financial structure

COHERIS, a leading French publisher of CRM (customer relationship and intelligence management) and Data Analytics (analytics and artificial intelligence, performance management and predictive applications),

today announces its results as of June 30, 2022, approved by a Board of Directors meeting held on September 27, 2022 and which are subject to a limited review by the Statutory Auditors.

In €m, IFRS, under review

S1 2022

S1 2021

business turnover

[1]

6.2

5.6

current operating income

1.0

0.2

Other operating income and expenses

Operating income

1.0

0.2

Net profit

2.6

0.2

Revenue up by +12.3%

At 1

er

half of 2022, COHERIS recorded total revenue of €6.2 million, up +12.3% compared to the 1

er

semester 2021.

This growth is driven by the increase in recurring revenue of +85.8%, from subscription sales in annual mode and representing 36% of revenue as of June 30, 2022. This growth results from the change in the business model initiated from 2019.

From now on, revenues related to perpetual licenses and associated maintenance will only represent 30% of sales as of June 30, 2022.

Revenue relating to the provision of services amounted to €2.1 million, almost stable compared to H1 2021 and represented 29% of revenue at June 30, 2022.

Finally, the stock of recurring revenue on an annual basis (ARR

[2]

) amounted to €9 million, up +7.3% compared to December 31, 2021.

Strong increase in current operating income

Thanks to the growth in turnover and the strict control of external charges in the first half of 2022, COHERIS posted current operating income of €1.0 million, up sharply compared to the first half of 2021 which stood at €0.2 million.

Net income at €2.6 million as of June 30, 2022

Taking into account other insignificant operating income and expenses, operating income comes to €1.0 million.

By integrating tax income linked to the activation of tax deficits in the amount of €1.5 million, net income stands at €2.6 million, compared to €0.2 million in the first half of 2021.

Solid financial structure

As of June 30, 2022, COHERIS posted shareholders’ equity of €12.8 million and net cash of €7.8 million (€3.6 million as of December 31, 2021), restated for both flows related to cash pooling place with ChapsVision and deferrals of social security contributions as part of support measures for companies during the Covid period for €2.9 million.

Next release:

Annual turnover 2022, the 1

er

February 2023, after market

Reference publisher of CRM solutions (customer relationship and intelligence management) and Data Analytics (analytics and artificial intelligence, performance management and predictive applications).

More than 500 companies, from SMEs to multinationals, have already placed their trust in COHERIS in more than 80 countries. COHERIS relies on integrator partners and its own experts to offer its customers 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 / symbol: COH).

More information on

Contact Coheris


Jean-Francois Menager

Group Deputy General Manager

T +33 (0)1 57 32 60 60

jfmenager@chapsvision.com

Contact Actifin


Financial communication

Alexandre Commerot

T +33 (0)1 56 88 11 11

acommerot@actifin.fr


[1]

Business revenue is exclusive of intra-group re-invoicing

[2]

Annual Recurring Revenues


This post has the “🔒 Actusnews SECURITY MASTER” service.


– SECURITY MASTER Key:

ymtvYJpolWuanm2clMttmGVmm2ppw2aVaWGdl5KZlJqZmW6Um21pmsmdZnBnmWZm

– To check this key:

.



Regulated information:


Inside information:

– Press release on accounts, results


Full and original press release in PDF format:

© Copyright Actusnews Wire

Receive the company’s next press releases free of charge by email by subscribing to www.actusnews.com

We wish to say thanks to the writer of this article for this amazing web content

COHERIS: COHERIS: Results for the first half of 2022


Visit our social media profiles as well as other related pageshttps://www.ai-magazine.com/related-pages/