Brussels, Belgium - 22 August 2013 - Keyware (EURONEXT Brussels: KEYW) publishes its  financial results today over the first six months of 2013 and the second quarter of 2013 ending  on 30 June 2013.

Keyware confirms its growth trend by a growth of 3.44% compared to the first half of 2012.  Furthermore, Keyware realised a net profit of EUR 339 k for the first six months of 2013  compared to a net profit of EUR 229 k for the same period in 2012. The net cash flow increases  from EUR 698 k to EUR 1,050 k.

Based on its performance in the second quarter, Keyware confirms the positive results realised  in the first quarter of 2013. During the first half of 2013 revenues of EUR 4,508 k have been  recorded compared to EUR 4,359 k last year and an increase in net profit from EUR 229 k to  EUR 339 k has been realised.

Hence, the positive trend as reported during the first quarter of 2013 has been confirmed in  the second quarter of 2013 so that it can be stated that Keyware continues to realise a good  performance such in the successful 2012.

These results are in line with expectations and are due to the growth in demand for sectorspecific  and combined rental of payment terminals with transaction subscriptions in  Keyware's traditional markets. The installed terminal base continues to grow.

However, results have been adversely impacted by write-offs on debtors, also resulting from a  higher number of bankruptcies in 2013 compared to the previous years.  In addition, Keyware has signed a partnership with Worldline on a Benelux level. Keyware will  distribute payment terminals on the market and will also be involved as agent in acquiring  contracts between its customers and Worldline.

We are convinced that this partnership will enable Keyware to get into other market  segments and to explore in dept its current market segments.
Keyware has also incorporated a 50%-50% joint-venture with J4S BVBA in order to render  services with respect to payment solutions for third parties. This joint-venture has been  incorporated in May 2013 and is expected to be operational from the second half of 2013  onwards.

As far as transaction subscriptions are concerned, Keyware continues to offer the most  innovative solutions. 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. This activity generates increasing revenues which are recurring.

First six months of 2013:
- the Group generated revenues of EUR 4,508 k compared to EUR 4,359 k for the same  period in 2012, which represents an increase in revenues of 3.44%;
- the operating cash flow (EBITDA) for the first six months came to EUR 708 k, versus EUR  672 k for the first six months of 2012, which represents an increase of 5.35%;
- the net profit for the period amounted to EUR 339 k compared to a net profit of EUR  229 k as at 30 June 2012 which represents an increase of 48.03%;
- the net cash flow amounted to EUR 1,050 k compared to EUR 698 k as at 30 June 2012,  representing an increase of 50.43%;
- the gross profit margin rose from 73.59% to 75.93%.

Second quarter of 2013:

- the Group generated revenues of EUR 2,315 k compared to EUR 2,216 k for the same  period in 2012, which represents an increase in turnover of 4.47%;
- the operating cash flow (EBITDA) for the second quarter came to EUR 342 k,
compared to EUR 328 k for the second quarter of 2012; this trend is comparable to the  first quarter of 2013 during which an EBITDA of EUR 366 k has been generated  compared to EUR 344 k as at 31 March 2012
- the net profit for the period amounted to EUR 180 k compared to a net profit of EUR  125 k for the second quarter of 2012 or an increase of EUR 55 k being 44.00%; during  the first quarter of 2013 the net profit amounted to EUR 159 k compared to EUR 104 k  as at 31 March 2012, which represents a comparable increase of EUR 55 k or 52.88%;
- the net cash flow amounted to EUR 552 k comparison to EUR 365 k for the second  quarter of 2012 which represents an increase of EUR 187 or 51.23%; during the first  quarter of 2013 the net cash flow amounted to EUR 498 k compared to EUR 333 k as at  31 March 2012 or a comparable improvement of 49.55%;
- the gross profit margin decreased from 73.87% to 73.43%.

About Keyware

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

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