FY2010 results
Confidence in the perspectives for 2011 and 2012

Sales up 16%
Net profit up 18%
Dividend proposal up 21%

Video

IRISLink 2011

Major annoucements, pictures and videos from I.R.I.S.'s annual convention
>> Visit IRISLink 2011s website

Press Releases

>> English
>> Français
>> Nederlands

Comments from the management

Etienne Van de Kerckhove, CEO: “We have achieved a strong performance during the second half year of 2010. For the whole year, this leads to an increase of our sales by 16.1% to EUR 119.5 million; the gross margin is € 59.5 million vs. € 59.3 million in 2009. The EBIT amounts to € 5.3 million (up 4.5%). The cash flow from operations (EBITDA) amounts € 7.2 million (vs. € 7.1 million in 2009). After deducting depreciation (€ 1.9 million), net financial expense (€ 0.2 million) and taxes (€ 1 million), the net profit is € 4.1 million, up 18.4% vs. prior year. These numbers are slightly better than what was pre-announced at the IRISLink convention on 8 February. During this convention – where we welcomed more than 900 customers, business partners and prospects from 40 different countries – we presented many technologies and solutions that bring a lot of business value to our customers.”

Pierre De Muelenaere, President & CEO “During 2010, we have signed many new contracts with distributors, OEM licensing partners, value added resellers (VAR), business process outsourcers (BPO) and a large number of organizations in all business sectors. I.R.I.S. and its partners have installed more than 300 solutions for large corporate customers: invoice processing, digital mailroom, enterprise content management (ECM), and a significant contribution in ICT infrastructure, managed IT services and software as a service (SaaS). Our partnership with Canon continues to develop positively with an important number of SMB solutions deployed throughout Europe; we expect this partnership to contribute significantly to I.R.I.S.’s expansion in the coming years. I.R.I.S. maintains significant investment strategies and will continue to launch new technologies, products and solutions. We continue to look for additional improvement in our market reach (EMEA, America and Asia) through strong partnerships.”

Denis Hermesse, CFO: “The strong sales in the second half year also generated an increase in our order backlog (+14%) at the end of the year. Although this backlog represents less than 30% of the full year target, we believe that it indicates an upward trend for I.R.I.S. in 2011-2012. I.R.I.S. maintains a robust financial position with shareholders’ equity of € 60.8 million (€ 33.01 per share) and net cash of € 9.3 million (after deducting short-term debt).”

Pierre De Muelenaere: “Based on the FY2010 earnings and the outlook for 2011, the Board of Directors will propose a gross dividend of €0.57 per share (up 21% vs. 2009) for approval by the Annual General Meeting to be held on 17 May 2011.

FY2010 results Confidence in the perspectives for 2011 and 2012

Video

IRISLink 2011

Press Releases

Comments from the management

FY2010 results
Confidence in the perspectives for 2011 and 2012