GOOD ANNUAL RESULT FROM SYSTEMATIC

Once again Systematic can add yet another fully satisfactory financial year to its solid track record.

Yet again, Systematic is pleased to announce that the company made asubstantial profit.

Revenue is EUR 129.4m, compared with 2016/2017 EUR 150.6m.

“Last year’s record performance was completely unique and was due to the substantial license order from the US defence forces. Looking at how Systematic has performed over a five-year period, we can see that revenue has grown by an average of 22.3 per cent each year. We are therefore very pleased with the results for the past financial year and especially with our profits development over the long term,” explains Michael Holm.

 

REVENUE

(EUR MILLIONS)

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Increased exports

Increased exports of IT solutions to hospitals and defence as well as sales of healthcare IT to the Danish market have been the major drivers for this financial year’s result. In the spring of 2018, Region Syddanmark (the Region of Southern Denmark) selected Systematic as its future supplier of electronic patient records, while 30 Danish municipalities have now signed up for the Cura electronic citizen record system, supplied by Systematic.

 

 

EBIT

(EUR MILLIONS)

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In the financial year, which runs from October 2017 to September 2018, Systematic welcomed more than 300 new employees, and in August 2018 the company was able to celebrate the magic round number of 1,000 employees.

“We have had yet another eventful year and are already well into the next one, with a solid order book and many exciting projects ahead. So we are certainly confident about future business development,” concludes Michael Holm.

 

EQUITY

(EUR MILLIONS)

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Highlights from our financial year 2017/2018:

  • Revenue EUR 129.4m compared with EUR 150.6m in 2016/2017
  • EBIT EUR 17.1m compared with EUR 51.1m last year
  • Equity EUR 45.8m compared with 59.5m last year
  • Systematic receives Gazelle Award from Danish business newspaper Børsen – for the fourth time
  • Systematics achieves an CMMI5 rating in software development – the only Scandinavian IT company to do so
  • 1000+ employees

Read Systematic's Financial Report 2017/18.