I.R.I.S. previews the trends for FY2008 at the IRISLink 2009 Event
SALES +14%
GROSS MARGIN +16%
RECORD EBITDA DIVIDEND N°6 TO BE PROPOSED TO SHAREHOLDERS
SIGNIFICANT GROWTH & RECORD EBITDA
SUCCESSFUL ACQUISITION STRATEGY
Etienne Van de Kerckhove, CEO, I.R.I.S. Group: “2008 was another year of significant growth for I.R.I.S and we will set new records. Although, we will not release our annual results until March 17, 2009 after completion of the closing and audit work, we can already announce the general trend for fiscal year 2008. Revenue will be in excess of EUR 108 million, up 14% and gross margin, in excess of EUR 55 million, up 16% compared to 2007. As a result, we expect a record EBITDA (cash flow from operations) in 2008. The sales growth is well balanced between organic growth and the contribution of our Dutch and German subsidiaries (acquired at the end of 2007). Besides these acquisitions, that proved to be smart moves, I.R.I.S. has set up new subsidiaries in Hong Kong and Scandinavia to broaden the client base in Asia and Europe.”
Etienne Van de Kerckhove, CEO, I.R.I.S. Group:
“2008 was another year of significant growth for I.R.I.S and we will set new records. Although, we will not release our annual results until March 17, 2009 after completion of the closing and audit work, we can already announce the general trend for fiscal year 2008. Revenue will be in excess of EUR 108 million, up 14% and gross margin, in excess of EUR 55 million, up 16% compared to 2007. As a result, we expect a record EBITDA (cash flow from operations) in 2008. The sales growth is well balanced between organic growth and the contribution of our Dutch and German subsidiaries (acquired at the end of 2007). Besides these acquisitions, that proved to be smart moves, I.R.I.S. has set up new subsidiaries in Hong Kong and Scandinavia to broaden the client base in Asia and Europe.”
IRISLINK 2009 At Brussels Airport
Pierre De Muelenaere, President & CEO, I.R.I.S. Group:
“In 2008, I.R.I.S. has continued to invest in R&D and commercial developments. During the IRISLink 2009, our annual partners’ event, we will announce: major product launches and new versions, new strategic partnerships, successful implementation of large scale solutions in many large accounts.”
NEW ACQUISITION IN JANUARY 2009
Denis Hermesse, CFO, I.R.I.S. Group:
“In January 2009, we have completed the acquisition of CORISMO, a Belgian company specialized in IT infrastructure optimization. This new acquisition will also contribute positively to the group earnings from 2009. After this acquisition, I.R.I.S. keeps its extremely healthy financial position, with a large net cash position and remains in good shape to finance its growth.”
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