Fabasoft AG: Fabasoft remains on course for growth

EQS-News: Fabasoft AG / Key word(s): Quarter Results
Fabasoft AG: Fabasoft remains on course for growth

09.02.2024 / 07:13 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) announced on 9
February 2024 Group figures for the first nine months of the fiscal year
2023/2024 (01/04/2023-31/12/2023):

  * Sales revenue: EUR 60.7 million (EUR 49.9 million in the first nine
    months of the fiscal year 2022/2023)

  * EBITDA: EUR 16.8 million (EUR 11.9 million in the first nine months of
    the fiscal year 2022/2023)

  * EBIT: EUR 11.0 million (EUR 7.0 million in the first nine months of the
    fiscal year 2022/2023)

  * Cash flows from operating activities: EUR 9.6 million (EUR 1.4 million
    in the first nine months of the fiscal year 2022/2023)

  * Cash and cash equivalents: EUR 21.5 million as of 31 December 2023 (EUR
    22.8 million as of 31 December 2022)

Fabasoft remains on course for growth

  * The Fabasoft Group continued to grow in the first three quarters of the
    current fiscal year 2023/2024 and generated higher revenue and profit
    compared to the same period of the previous year.

  * Investment focus on new AI applications in the Fabasoft PROCECO
    Ecosystem.

Linz, 9 February 2024 - The Fabasoft Group increased its revenue in the
first three quarters of the 2023/2024 fiscal year by 21.6% year-on-year to
EUR 60.7 million. The third quarter also developed particularly well,
generating consolidated revenue of EUR 21.3 million.

Increase in EBIT margin despite ongoing investments

The operating result (EBIT) increased year-on-year to around EUR 11.0
million in the first nine months of 2023/2024. EBITDA increased to around
EUR 16.8 million in the same period of the previous year. The increase in
the EBIT margin was achieved despite the investments in the further
expansion of Fabasoft PROCECO Solutions and international sales activities
as well as the hiring of additional, highly qualified specialists.

Highest R&D intensity in Austria with investments in new AI applications

A recent EY study published at the end of November 2023 identified Fabasoft
as the software company with the highest R&D intensity in Austria, with R&D
investments amounting to 31% of revenue. The investment focus is
particularly on user-oriented AI applications in the powerful software
solutions for document-intensive business processes in the Fabasoft PROCECO
Ecosystem. AI-based functionalities open up completely new opportunities for
users to exploit the potential of their data. The interaction between
Mindbreeze InSpire and Large Language Models takes the understanding of
natural language to an unprecedented level.

Recurring revenues continue to develop positively

As an important key performance indicator for software companies, the
recurring revenue continued to develop positively in the first nine months
of 2023/2024. At around EUR 32.0 million (previous year: EUR 26.7 million),
they already account for more than half of total revenue. However, the
positive sales trend is also due to the growth in project business over the
entire reporting period as well as high license revenue from one-off
licenses in the third quarter of 2023/2024.

'The Fabasoft Group continues to perform well thanks to its excellent
strategic orientation, but we remain cautious in our assessment of future
developments due to the challenging macroeconomic conditions in our core
markets. The biggest task at the moment is to manage the risks of short-term
volatility while consistently leveraging the growth potential of
digitization', comments CEO Dipl.-Ing. Helmut Fallmann on the consequences
of the current economic situation.

As at 31 December 2023, the company employed 493 people, an increase of
around 10% compared to the previous year.

The full 9-month report 2023/2024 is available under the following link:

German (PDF):
https://www.fabasoft.com/group/Fabasoft_AG_9_Monatsbericht_2023_2024.pdf

English (PDF):
https://www.fabasoft.com/group/Fabasoft_AG_9_Monthsreport_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 Fabasoft PROCECO Ecosystem, 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, 9 February 2024

Klaus Fahrnberger, Investor Relations Manager

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


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09.02.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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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:    1833933

End of News EQS News Service
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1833933 09.02.2024 CET/CEST