KEYWARE TECHNOLOGIES NV 
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Keyware made a strong start in 2012, and thus the company
builds forth on its successful year
2011. In line with expectations, the demand for
sector-specific and combined rental of payment terminals with
transaction subscriptions continues to grow in Keyware's
traditional markets. While also important companies in the
middle segment such as retail chains, courier services and
government services conclude tong-term agreements whereby
prices, quality and innovation are the decisive factors.
The modernised and upgraded PayFix, PayAway and PayMobile
range of payment terminals offer various additional options
and optimal operational reliability, high processing speed
and low operating costs to both new and existing customers.
For instance, if a customer opts for the new portable PayAway
payment terminal, the customer can save a substantial amount
already just on GPRS and GSM costs.
In addition, Keyware also offers a range of innovative
solutions for transaction subscriptions. As a result,
electronic payments are cheaper, more efficient, better
organised and more flexible for its customers. By carrying
out an as large as possible part of the payment processes in
house, Keyware can quickly capitalise on new developments,
whereby both the cost price and the quality of the settlement
of the payment transactions can be guaranteed. Moreover, in
this manner Keyware is able to maximise this rapidly
increasing and recurrent flow of income.
Stéphane Vandervelde, CEO: "In addition to our excellent
quality at a competitive price (TCO: Total Cost of
Ownership), our existing and new customers also ask us to
advise them on the most suitable innovative payment solutions
and models. Our dynamic and flexible business model with
end-to-end control over all operating processes allows us to
capitalise on this to a maximum extent, and gives us a unique
position in the market. Our customers' appreciation of
our services is reflected in our turnover growth and higher
results."
Guido Van der Schueren, Chairman of the Management Board:
"The macroeconomic outlook continues to be precarious.
Nevertheless, after a profitable year in 2011, Keyware
believes that it will also be able to realise positive
results in 2012. The combination of our high quality
services, our strict cost control and the positive
developments regarding the economic resilience or our
customer base enables us to look towards the future with
confidence."
- the Group realised a turnover of EUR 2,143 k in comparison
to EUR 1,454 k for the same period in 2011, which represents
an increase in turnover of 47.39%;
- the operating cash flow (EBITDA) for the first quarter came
to EUR 344 k, compared to
EUR 116 k for the first quarter of 2011;
- the net profit for the period amounted to EUR 104 k,
compared to a net profit of EUR
14 k as at 31 March 2011;
- the net cash flow amounted to EUR 333 k in comparison to
EUR 133 k as at 31 March
2011;
- the gross profit margin declined from 84.73% to 73.31%.
1st quarter Key figures 31.03.2012 31.03.2011 | |
For the period ending on 31 March kEUR kEUR | |
(unaudited) (unaudited) | |
Turnover | 2,143 1,454 |
Profit/(loss) for the period | 104 14 |
EBITDA Net cash flow | 344 116 333 133 |
Keyware (EURONEXT Brussels: KEYW) is a leading supplier of electronic-payment solutions, loyalty systems, identity applications and related transaction management. Keyware is based in Zaventem, Belgium. More information is available on www.keyware.com.
For additional information, please contact:
Mr Stéphane Vandervelde
President & CEO Keyware Technologies
Tel: +32 (0)2 346.25.23 ir@keyware.com www.keyware.com
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