Model portefeuille
Rendement portefeulle
+12.035 %

Rendement AEX
+33.325 %

Startdatum
01-01-2009

Startwaarde portefeuille € 74082.37

Startwaarde AEX
€ 245.94


Laatste update:
29-01-2010

TIE KINETIX: first half year 2018

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Overig advies 16/05/2018 08:56
Breukelen, the Netherlands, May 15
th, 2018
First half year results (period Oct, 1, 2017 – March 31, 2018).
• Total revenue amounts to € 8.803k (2017: € 9.720k)
• SaaS and hosting revenues amounts to € 4.808k (2017: € 5.078k)
• EBITDA amounts to €403k (2017: € 837k)
• EBIT amounts to € -250k (2017: € 125k)
• FLOW order intake of € 4.8 mln. (2017: € 5.3 mln)

Highlights:
First half year business line performance
In EURO x 1.000
Year-to date 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017
Licenses and hardware 295 284 0 0 2 0 0 0 0 0 297 284
Maintenance and Support 1.350 1.507 16 0 0 2 0 0 0 0 1.366 1.509
Consultancy and implementation 1.445 1.208 125 401 685 719 143 366 -153 17 2.245 2.711
Software as a Service 2.534 2.512 471 575 748 690 1.152 1.321 -97 -20 4.808 5.078
Other Income and intercompany -6 2 8 36 58 236 142 135 -203 -386 -1 23
Total income 5.619 5.513 620 1.012 1.493 1.647 1.437 1.822 -453 -389 8.715 9.605
Total cost of sales -1.719 -1.839 -93 -218 -1.221 -1.302 -861 -1.221 125 274 -3.768 -4.306
Gross margin 3.900 3.675 527 794 272 344 576 601 -328 -115 4.946 5.299
Gross Margin % 69% 67% 85% 78% 18% 21% 40% 33% 72% 30% 57% 55%
Wages and salaries -2.734 -2.721
Other operating expenses -1.733 -1.798
Total Operating expenses -4.466 -4.519
EBITDA 480 780
Depreciation, amortization and impairment -653 -712
EBIT -173 69

TIE Kinetix, the leading provider of Software as a Service managed solutions for Integration, Analytics,
Demand Generation and E-Commerce today released interim results for the first half year of its fiscal year 2018, covering the period October 1, 2017 – March 31, 2018.
HY1 2018 performance includes the positive outcome of an out-of-court settlement with Plusserver AG. This settlement provided a positive effect on EBITDA of € 336k and included compensation for damages and costs incurred. An amount of € 136k is reported as credit to Cost of Sales and an amount of € 200k has been booked as credit under Operating Expenses.
In the first half year of 2018 several landmark new customers were implemented, such as Parker Hannifin and City of Rotterdam. Yet the implementation of other sizable new customers (Chanel, City of Amsterdam) was delayed. These customers are expected to go life in the next months. The company achieved new customer wins in its FLOW offering in the Business-to-government offerings with the city of Haarlem and the Ministry of Justice in the Netherlands. The pipeline of the Business-toGovernment (BtG) proposition in the Netherlands looks promising. In HY1 2018, customer
implementations and Order Intake of the FLOW offering of Google Adwords-for-Channel stayed behind plan. Also, the FLOW offering of Google Analytics 360 came in behind plan. Overall, the company reports flat FLOW sales against HY1 2017 with higher gross margins due to sales mix differences (lower than planned low margin third party products).
In view of finalization of pending implementations, particularly in the US, FLOW sales may be expected to increase in HY2.
TIE closed H1 2018 with revenue amounting to € 8.803k, and EBITDA of € 403k (4,6%).
Jan Sundelin (CEO) said: “bringing our FLOW proposition to the market paints a mixed picture of success. One the one hand we see that the rich functionality of our e-invoicing proposition convinces more and more Dutch municipalities to choose for our solution. TIE has captured a stronghold position
in the BtG market with subscription revenue generating customers. At the same time, we are experiencing commercial headwind in bringing our Analytics and Google Adwords-for-Channel products to market. Even though the Google-Adword-for-Channel pipeline is filling up, new customers seem weary to sign up for these products in the scale that we projected. Also the number of new
customers signing up for the Google 360 Analytics proposition is below plan.

First half year Total Performance
The market for the Google In EURO x 1.000
Year-to date 2018 2017 2018 2017 2018 2017 Diff
Licenses and hardware 297 284 0 0 297 284 13
Maintenance and Support 1.366 1.509 0 0 1.366 1.509 -143
Consultancy and implementation 2.245 2.711 0 0 2.245 2.711 -466
Software as a Service 4.808 5.078 0 0 4.808 5.078 -270
Other Income and intercompany -1 23 89 115 88 138 -50
Total income 8.715 9.605 89 115 8.803 9.720 -917
Total cost of sales -3.768 -4.306 -136 -99 -3.904 -4.405 500
Gross margin 4.946 5.299 -47 16 4.899 5.315 -416
Gross Margin % 57% 55% -53% 14% 56% 55%
Wages and salaries -2.734 -2.721 5 75 -2.728 -2.646 -83
Other operating expenses -1.733 -1.798 -35 -34 -1.767 -1.832 65
Total Operating expenses -4.466 -4.519 -29 41 -4.496 -4.478 -18
EBITDA 480 780 -77 57 403 837 -434
Depreciation, amortization and impairment -653 -712 0 -1 -653 -712 59
EBIT -173 69 -77 57 -250 125 -375

lees meer op
http://files.smart.pr/d5/382f2058c911e89d9c6b8c3c31ec14/TIE_Kinetix_Press_Release_May_2018_H1_Results_FY2018.pdf


tijd 09.08
Tie EUR 8,00 -65ct vol. 840



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