The international ERP provider Maconomy emerged stronger from 2009 as it announced the highest earnings in company history.
Maconomy posted earnings before income tax and depreciation (EBITDA) of DKK 20.1 million on revenue of DKK 220.1 million. Additionally, Maconomy forecasts even higher earnings and growth in the coming years with the launch of the “Global Choice 2015” strategy plan.
Maconomy, a provider of integrated ERP solutions to companies in the Professional Services sector worldwide, continued its earnings surge in 2009. With earnings before income tax and depreciation (EBITDA) of DKK 20.1 million in 2009, Maconomy posted its largest-ever profit. This is the fourth year in a row with EBITDA growth for Maconomy, which more than doubled its 2008 earnings. The operating profit (EBIT) grew from DKK 1.2 million in 2008 to DKK 11.4 million in 2009. Revenue in 2009 was DKK 220.1 million, down 5 percent from 2008.
In 2010 Maconomy expects further EBITDA growth to DKK 25 million while the operating profit (EBIT) is expected to reach DKK 15 million on revenue of DKK 240 million, including DKK 60 million from software licences.
“We steered into 2009 with both hands firmly on the wheel and a necessary focus on our operations. In the first half of 2009 we trimmed our business, enabling us to maintain our capacity even with fewer people. In the second half we felt that business started to pick up again. We won a number of exciting new clients, and toward the end of the year we saw that several of our existing large clients invested in new Maconomy solutions. We expect this trend to continue in 2010. Therefore we expect to be back on the growth track in 2010,” says CEO Hugo Dorph, Maconomy.
Read the full press release here >>