I.R.I.S. websites
Nederlands
 
 
   Beleggers  >  Annual results 2009
 
Annual Results 2009

Good performance in a difficult FY2009
Confidence in the perspectives for 2010 and 2011

Gross margin 59.3 M€ (+ 1.6%)
EBITDA 7.1 M€ (-27.3%)
Net profit 3.4 M€ (-44.3%)

Video

IRISLink 2010

Major annoucements, pictures and videos from I.R.I.S.'s annual convention
>> Visit IRISLink 2010's website 

Press Releases

>> English
>> Français
>> Nederlands 

Comments from the management

Etienne Van de Kerckhove, CEO: “I.R.I.S.’ license revenues and services increased, but the hardware sales were impacted by the delay of investments. This created a positive effect on our gross margin rate: 57.7% (vs. 53.4% in 2008). Globally, the gross margin (the most relevant performance indicator) slightly increased by 1.6% to € 59.3 million (vs. € 58.4 million in 2008). Operating expenses increased by 8.4%: I.R.I.S. maintained all strategic initiatives and did not cut costs aggressively. Also, there was the impact of Corismo’s operating expenses (acquisition in 2009). As a consequence, the cash flow from operations (EBITDA) came to € 7.1 million (vs. € 9.8 million in 2008), which is considered a good performance in these turbulent times. After deducting depreciation (€ 2.1 million), net financial expense (€ 0.7million) and tax (€ 0.9 million), the net profit was € 3.4 million.”

Pierre De Muelenaere, President & CEO: “In 2009, I.R.I.S. continued to develop its business through complementary channels. We maintained a significant level of R&D investment (€ 5.9 million) focused on our proprietary technologies. We announced new products and solutions, and some major partnerships: we signed many new contracts in Q4/2009 that grew our backlog by 9% year on year. I.R.I.S.’ activities have diversified geographically (contribution from operations in Hong Kong and Norway) and technologically (mobile scanning devices, software-as-a-service). 2010 started positively: our latest annual IRISLink event (on 9 February, 2010) was a big success with over 700 qualified visitors from 36 countries. We invite anyone interested in empowering their business through intelligent document capture, enterprise content management and optimized IT infrastructure, to visit www.iriscorporate.com/irislink2010 and participate to the IRISLink 2010 event as if they had attended!”

Etienne Van de Kerckhove, CEO: “I.R.I.S. proposes many solutions to increase customers’ business efficiency through better managing their documents, data and information. Our corporate customers acknowledge that I.R.I.S.’ technologies and services generate a quick pay-back and help them significantly do more with less. Secure digital archives, automated document sorting, digital workflow management, automated invoice processing, server, storage and desktop virtualization are sources of such efficiencies. Our solutions also help large accounts adressing their corporate social responsibility, as they help reducing paper consumption and carbon footprint. Our solutions generate energy savings in IT and also in travels by making documents and information accessible anywhere. I.R.I.S. has a long term vision: have the best document capture platform, be the largest European specialized ECM solutions provider, and deliver the best IT optimization skills to improve strongly our customers’ business efficiency whilst reducing their environmental impact.”

Pierre De Muelenaere, President & CEO: “It remains difficult to make reliable forecasts in the current environment. However, since I.R.I.S. will continue to launch new technologies, address new markets and take benefit from strong partnerships, we are confident that I.R.I.S. will deliver growth of sales and profit in 2010-2011.”

Denis Hermesse, CFO: “I.R.I.S. has a robust financial position. The shareholders’ equity is € 56.2 million (€ 31.18 per share) and the net cash (after deducting short-term debt) is € 14.6 million (€ 8.07 per share). Taking into account undrawn committed credit facilities of € 14.5 million, I.R.I.S.’s short term cash capacity is more than € 30 million.”
Home | Bedrijfsprofiel | Beleggers | Pers | Jobs | Contact | IRISLink 2012
© 2009 - I.R.I.S. Group n.v. - Alle rechten voorbehouden     Privacybeleid | Algemene verkoopvoorwaarden | Sitemap