2007 sales: €11.9 m - Software publishing sales: up 21.7%
Staff&Line announces sales figures for the 2007 financial year.
St Albans, UK, 27th January 2008 – Staff&Line, a major European IT Management player, has just released sales for the 2007 financial year.
| En M€ | 2007 | 2006 | Growth |
| Licences | 5,2 | 4,5 | +15,5% |
| Maintenance | 2,8 | 2,2 | + 27,3% |
| Intégration | 2,1 | 1,6 | + 31,2% |
| Publishing | 10,1 | 8,3 | + 21,7% |
| Services | 1,8 | 2,5 | - 28,0% |
| Consolidated Sales | 11,9 | 10,8 | + 10,2% |
Staff&Line recorded sales of €11.9 m, up 10.2% from the year before. Sales were flat without the UK business, consolidated since November 2006.
Sales were up 1.8% in the fourth quarter, held back by the negative base effect resulting from 72% growth in Q4 2006 (including 22% organic growth).
PUBLISHING: LICENCES, MAINTENANCE AND INTEGRATION: UP 21.7%
The core software publishing business contributed annual growth of over 20% to €10.1 m. Maintenance and integration revenue were boosted in all geographical zones by sustained growth of licence sales.
In France, the lack of calls for tenders from the public sector due to the elections hurt licence sales in 2007. The year before, Staff&Line won 4 tenders in the fourth quarter. In all, French publishing sales rose by 2% to €8 m for the year.
In the International arena, Staff&Line’s European subsidiaries continued to deploy the group’s products and services. Licence sales soared from €0.3 m in 2006 to €1.2 m, helped by the marketing launch of EasyVista in the United Kingdom and burgeoning sales in Southern Europe (Spain, Portugal, Italy), which reported licence sales of almost €0.8 m, up from €0.2 the year before. Staff&Line’s solutions are in strong demand in Spain, where the group has so far signed 30 contracts, including contracts with the Municipality of Barcelona, the Government of Andorra, the Cetelem bank and Liberty Assurance.
Total International publishing sales rose from €0.5 m in 2006 to more than €2 m in 2007, up four times.
SERVICES: FASTER WITHDRAWAL
In line with the strategy announced on acquisition of the European subsidiaries, Staff&Line has stepped up withdrawal from its non-strategic services (IT inventories and reconciliation).
In 2007, services sales dropped 28%, mainly owing to efforts to free resources for marketing EasyVista.
In all, services accounted for only 15% of consolidated sales in 2007, down from 23% in 2006.
OUTLOOK
The relevance of Staff&Line’s expansion strategy is confirmed by buoyant licence sales, particularly at the International level, and an improved business mix.
The market outlook is positive for Staff&Line solutions, especially the clear intention of IT departments to:
- buy new IT Management software which is compatible with current technologies (Internet) and designed for new standards (ISO 20 000, ITIL),
- improve user service by shortening response times and lowering maintenance costs.
The International arm offers a significant new growth path with high potential for our products and services in the United Kingdom, helped by a buoyant environment, and Southern Europe, where IT Management is considered an increasingly important aspect of productivity.
About Staff&Line:
Since its creation in 1988, the company has positioned itself as a specialist in the IT management market. The company offers a range of software packages, EasyVista, designed for organisations of all sizes and covering the whole life-cycle of IT assets: incident and problem management, change management, computing equipment and configuration management, inventory and user portals. EasyVista is certified ITIL® compatible by PinkElephant. With operations in France, the UK, Italy, Spain, Portugal and USA, Staff&Line boasts over 3,300 clients in the banking, insurance, industrial, office, public administration, IT outsourcing and advisory sectors. Staff&Line is a founding member of itSMF. Staff&Line is listed on the Paris Stock Exchange (Alternext).
