Softline Group publishes 3-month report for 2022 - Revenue continues to increase

Leipzig, 30 June 2022 - The Softline Group, an internationally operating IT consulting company with a focus on IT and Software Asset Management, Information- and IT-Security, Cloud and Future Datacenter as well as Digital Workplace, today reported on its business performance during the first quarter of 2022.

The Softline Group continued to expand its market potential in its core portfolio during the first three months of 2022, increasing its consolidated revenue by 26.3 per cent, to EUR 8.6 million compared to the same quarter of the previous year (Q1 2021: EUR 6.8 million). Revenue in the Northern Europe region even increased by 57.9 per cent compared to the previous year, while the DACH region also achieved a good quarterly result with a 19.8 per cent increase in revenue.

Earnings at EBITDA level were impacted not only by the higher cost of materials and purchased services but also by last year's investments in personnel. With EBITDA of EUR -147,000, the Softline Group remains at the previous year's level (EUR -159,000), despite the increase in revenue.

Martin Schaletzky, Managing Director of Softline AG, comments on the results of the first three months of 2022: “After the challenging financial year of 2021 closed with a satisfying year-end spurt, we were able to carry the positive momentum into the first quarter of 2022 and complete this period while meeting our targets. Revenue did not, however, develop as expected at the beginning of the second quarter, which immediately prompted us to respond with a programme of measures aimed at increasing consultant utilisation and revenue, as well as sustainably reducing costs. The focus of the entire management team on increasing profitability and optimising internal processes already began to yield positive results in May."

The volume of orders as at 31 March 2022 fell from EUR 37.4 million in the previous year to EUR 30.3 million. The current volume of orders includes EUR 24.7 million for the DACH region and EUR 5.6 million for the Northern Europe region. Accumulated orders for the current year stand at EUR 12.3 million and have already reached EUR 8.4 million for financial year 2023. The Company's liquidity position is currently tight but balanced. Additional financing options are already being implemented.

The 3-month report for 2022 is, as from today, available in the Investor Relations section at https://www.softline-group.com.