Fabasoft AG: Fabasoft confirms growth course in the 2023/2024 fiscal year

EQS-News: Fabasoft AG / Key word(s): Annual Report/Dividend
Fabasoft AG: Fabasoft confirms growth course in the 2023/2024 fiscal year

05.06.2024 / 07:36 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Fabasoft AG (ISIN AT0000785407, WKN 922985, Prime Standard) published its
consolidated figures for the fiscal year 2023/2024 (1 April 2023 - 31 March
2024) on 5 June 2024:

  * Sales revenue: EUR 81.0 million (EUR 69.2 million in the fiscal year
    2022/2023)

* EBITDA: EUR 21.6 million (EUR 16.8 million in the fiscal year 2022/2023)

* EBIT: EUR 13.4 million (EUR 10.0 million in the fiscal year 2022/2023)

  * Cash flows from operating activities: EUR 19.5 million (EUR 7.0 million
    in the fiscal year 2022/2023)

  * Cash and cash equivalents: EUR 25.1 million as of 31 March 2024 (EUR
    26.6 million as of 31 March 2023)

Linz, 5 June 2024 - The Fabasoft Group's revenue increased by 16.9% from EUR
69.2 million to EUR 81.0 million in the fiscal year 2023/2024, which ended
on 31 March 2024.

Increase in profitability despite continued investment in growth measures

With continued investments in research and development, the development and
expansion of the Fabasoft Ecosystems and higher personnel expenses, the
Fabasoft Group increased its operating result (EBIT) to EUR 13.4 million in
the fiscal year 2023/2024 compared to the previous year. EBITDA increased to
EUR 21.6 million in the same period of the previous year. In the 2023/2024
fiscal year, the Fabasoft Group's research and development expenditure was
again at a very high level compared to the rest of the industry, with a
research ratio of 31.4% of revenue. Fabasoft focused on the research and
development of proprietary software product technology and the Cloud and
appliance offerings based on it, as well as on artificial intelligence (AI)
fields of application.

"The past fiscal year has shown that the Fabasoft Group is on the right
track with its consistent pursuit of the Fabasoft Ecosystem strategy",
comments Fabasoft CEO Dipl.-Ing. Helmut Fallmann on the past fiscal year
2023/2024. "The powerful combination of the Fabasoft PROCECO Cloud and
Mindbreeze enables companies to benefit from increased process quality,
process speed and process reliability, while reducing process costs at the
same time", Fallmann continues.

As at 31 March 2024, the company employed 497 people. A year earlier, it had
451 employees.

At the Annual General Meeting of Fabasoft AG on 2 July 2024, a dividend
distribution of EUR 0.10 per share (ISIN AT0000785407) will be proposed for
the fiscal year 2023/2024.

The Annual Report and the Annual Financial Report are available at the
following links:

Annual Report:

German (PDF):
https://www.fabasoft.com/group/Fabasoft_AG_Geschaeftsbericht_2023_2024.pdf

English (PDF):
https://www.fabasoft.com/group/Fabasoft_AG_AnnualReport_2023_2024.pdf

Annual Financial Report:

German (ESEF):
https://www.fabasoft.com/group/Fabasoft_AG_Jahresfinanzbericht_2023_2024_ESEF.zip

English (PDF):
https://www.fabasoft.com/group/Fabasoft_AG_AnnualFinancialReport_2023_2024.pdf

About Fabasoft:

Fabasoft is one of the leading software product companies and cloud service
providers for digital document, process and records management in Europe.
With the unique Ecosystem Fabasoft PROCECO, Fabasoft unites powerful digital
solutions for document-intensive business processes. Numerous well-known
private enterprises and public-sector organizations have trusted in the
quality and experience of Fabasoft for over three decades.

Fabasoft AG (ISIN AT0000785407; WKN 922985; Bloomberg Code FAA GY; Reuters
Code FAAS.DE)

Linz, 5 June 2024

Klaus Fahrnberger, Investor Relations Manager

E-Mail: ir@fabasoft.com, Telephone: +43 732 60 61 62 0


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   Language:       English
   Company:        Fabasoft AG
                   Honauerstraße 4
                   4020 Linz
                   Austria
   Phone:          +43 732 606 162
   Fax:            +43 732 606 162 609
   E-mail:         ir@fabasoft.com
   Internet:       www.fabasoft.com
   ISIN:           AT0000785407
   WKN:            922985
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1918095

End of News EQS News Service
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1918095 05.06.2024 CET/CEST