Trading Update

RNS Number : 4446M

Alfa Financial Software Hldgs PLC

12 January 2023

 

12 January 2023

Alfa Financial Software Holdings PLC

Strong Q4, full-year expectations raised

Alfa Financial Software Holdings PLC ("Alfa" or the "Company"), a leading developer of mission-critical software for the asset finance industry, provides a pre-close trading update for the twelve months ended 31 December 2022.

Strong trading continues

Alfa has continued to perform strongly in the fourth quarter with strong revenue generation across all business streams.

Our progress to a fully subscription-based model is reflected in the continued strong performance of subscription revenue.  Software revenue has benefitted in Q4 from strong delivery of development days and we have also seen an increase in services revenue.

One of Alfa's key strengths is its delivery track record, and this continued through Q4 with six upgrades in the quarter bringing the total number of client deliveries for the year to 28. This is a record number of deliveries in a year.

The strong finish to the year has resulted in our expectations for 2022 full year revenue increasing by £1.5m, with all of this falling through to operating profit.

Andrew Denton, Chief Executive Officer of Alfa, said:

"I am delighted that we continue to perform very strongly both operationally and financially. We start 2023 with excellent momentum and we remain confident in the resilience of our markets, the strength of our product, people and our delivery record. We therefore remain confident in our ability to continue to deliver growth."

Notice of results

The Company will report its full year results, for the twelve months ended 31 December 2022, on Thursday 2 March 2023.  Further details regarding the Company's presentation to analysts and investors will be provided nearer the time.

Enquiries

Alfa Financial Software Holdings PLC Andrew Denton, Chief Executive Officer Duncan Magrath, Chief Financial Officer	[phone]
Tulchan Communications LLP James Macey White Ed Cropley	[phone]

This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Group's business, results of operations, financial position, liquidity, prospects, growth or strategies.  Forward-looking statements speak only as of the date they are made.

Notes to Editors

Alfa has been delivering software systems and consultancy services to the global asset and automotive finance industry since 1990.  Our best practice methodologies and specialised knowledge of asset finance facilitates delivery of large software implementations and highly complex business change projects.  With an excellent delivery track record now into its fourth decade, Alfa's experience and performance is unrivalled in the industry.

Alfa Systems, our class-leading technology platform, is at the heart of some of the world's largest asset finance companies. Key to the business case for each implementation is Alfa Systems' ability to replace multiple customer systems with our single platform. Alfa Systems supports both retail and corporate business for auto, equipment, wholesale and dealer finance on a multijurisdictional basis, including leases/loans, originations and servicing. An end-to-end solution with integrated workflow and automated processing using business rules, Alfa Systems provides compelling solutions to asset finance companies.

Alfa Systems is currently live in 37 countries.  Alfa has offices in Europe, Australasia and North America.  For more information, visit www.alfasystems.com.

 

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