International customers feature in historic Systematic accounts
Turnover of EUR 148 million and operating profit of EUR 20 million in the annual accounts Systematic show all-round success. The year also marked a strategic turning point, as international customers now account for most of the company’s orders.
The financial year, running from 1 October to 30 September, shows an increase in turnover of 9% to EUR 148 million, and operating profit (EBIT) of EUR 20 million, representing an increase of 62% compared to last year, which is regarded as satisfactory.
Increased order intake from foreign customers
The Growth in FY2019/2020 was due to solid orders from the German and Australian defence forces for SitaWare, which the USA, Denmark, Sweden and New Zealand also continue to invest in. Customers in a total of 26 different countries placed significant orders for software solutions for the defence, healthcare, utilities and educational sectors last year.
Enhanching our presence on the global market
For the first time in Systematic's history, foreign customers account for more than Danish. 84% of turnover came from Denmark in 2014, but in FY 2019/2020 55% came from abroad, which is the highest proportion in the company’s history.
“The figures are fully in line with Systematic's strategy of enhancing our presence on the global market. Our software products for the defence market have paved the way to increased exports, bringing our solutions within healthcare, education and supply to the attention of more segments abroad,” says Systematic's founder and CEO, Michael Holm.
Highlights from our financial year 2019/2020:
Revenue mEUR 148.22 compared with mEUR 135.8 in 2018/2019
EBIT m19.64 compared with EUR mEUR 12.22 last year
Equity mEUR 62.03 compared with mEUR 51.3 last year
CMMI Level 5 quality-certified – the only company to be so in Scandinavia and one of only 20 in Europe
Average number of employees in FY2019/20: 918