In 2018, Prodware had satisfactory EBITDA in a challenging transformation to SaaS. Conversely, free cash flow was disappointing due to a deterioration in the collection of trade receivables in Q4 18, a strong increase in capex due to the renovation of the headquarters and agencies within the group. Management confirmed the focus on the development of SaaS revenue, margin improvement and higher free cash flow by the end of the strategic programme 2016-21.
13 Mar 2019
The positive on EBITDA, the negative on free cash flow
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The positive on EBITDA, the negative on free cash flow
Prodware SA (ALPRO:PAR) | 0 0 -0.2% | Mkt Cap: 96.9m
- Published:
13 Mar 2019 -
Author:
Hélène Coumes -
Pages:
3
In 2018, Prodware had satisfactory EBITDA in a challenging transformation to SaaS. Conversely, free cash flow was disappointing due to a deterioration in the collection of trade receivables in Q4 18, a strong increase in capex due to the renovation of the headquarters and agencies within the group. Management confirmed the focus on the development of SaaS revenue, margin improvement and higher free cash flow by the end of the strategic programme 2016-21.