In the first three months of the year, Temenos has increased in accordance with the communication from the Tuesday sales according to the accounting standard IFRS 18 percent to 203.8 million US dollars. Thus, analysts ‘ expectations were slightly exceeded.
Temenos has won in the reporting quarter, a total of 22 new customers. Important orders have been carried out for the Saudi Al Rajhi Bank or ABN Amro. In addition, the beginning of the year acquired a US company Avoka has made a contribution to the growth.
The operating profit climbed at the level of EBIT (Non-IFRS) by almost 30 percent to 49.5 million dollars, while the EBIT margin improved by 2 percentage points to 24.1 percent. The profit per share was 0.52 dollars, an increase of almost a quarter.
In the Outlook holds Temenos in February-made forecasts for the year 2019. In the current year, the group expects at constant exchange rates with revenue growth (Non-IFRS) in the range of 16 to 19 percent. The EBIT (Non-IFRS) will come to lie between 310 and 315 million dollars. (SDA)