GOOD ANNUAL RESULT FROM SYSTEMATIC
With an operating profit of EUR 12 million and revenue in excess of EUR 136 million, the annual financial statements from Systematic is very satisfactory
Yet again, Systematic is pleased to announce that the company made asubstantial profit.
Revenue is EUR 135.8m, compared with 2017/2018 EUR 129.4m.
During the year, Systematic has made significant investments in the innovation and development of both existing and new products, while the order book has already secured a large chunk of revenue for the coming financial year.
Solid orders for software for healthcare, defence and offshore
The 2018/19 financial year was characterised by several solid orders; for example, in the summer, North Denmark Region decided to buy Systematic’s electronic health record system Columna, which will be the core solution in all municipalities in Jutland and on Funen.
In addition to the electronic health record system, the Region of Southern Denmark has also acquired a service logistics solution which helps porters and clinicians to coordinate and form an overview of hospital tasks. Shortly before New Year last year, Systematic celebrated winning the contract to supply the first nationwide infrastructure in Denmark for telemedicine.
At Denmark’s biggest utility company, Ørsted, the choice also fell on a Systematic solution, this time for marine coordination at Ørsted’s offshore wind farms. In addition, Germany, Austria, the UK, Australia and Finland have all chosen to invest in Systematic’s SitaWare software for military use. Finally, the U.S. Department of Defence has extended its service and maintenance contract with Systematic.
In 2018/19, Systematic’s workforce grew by 201 new employees, bringing the total number up to 1,100. It is worth noting that of all the employees who have recently been recruited, 13% are former employees deciding to rejoin the company.
Highlights from our financial year 2018/2019:
- Revenue EUR 135.8m compared with EUR 129.4m in 2017/2018
- EBIT EUR 12.2m compared with EUR 17.1m last year
- Equity EUR 51.3m compared with 55.4m last year
- Michael Holm was awarded Owner-manager of the year 2019 in Denmark by PwC
- 1000+ employees