Alfa Financial Software Hldgs PLC Trading Update (4446M)
January 12 2023 - 2:00AM
UK Regulatory
TIDMALFA
RNS Number : 4446M
Alfa Financial Software Hldgs PLC
12 January 2023
12 January 2023
Alfa Financial Software Holdings PLC
Strong Q4, full-year expectations raised
Alfa Financial Software Holdings PLC ("Alfa" or the "Company"),
a leading developer of mission-critical software for the asset
finance industry, provides a pre-close trading update for the
twelve months ended 31 December 2022.
Strong trading continues
Alfa has continued to perform strongly in the fourth quarter
with strong revenue generation across all business streams.
Our progress to a fully subscription-based model is reflected in
the continued strong performance of subscription revenue. Software
revenue has benefitted in Q4 from strong delivery of development
days and we have also seen an increase in services revenue.
One of Alfa's key strengths is its delivery track record, and
this continued through Q4 with six upgrades in the quarter bringing
the total number of client deliveries for the year to 28. This is a
record number of deliveries in a year.
The strong finish to the year has resulted in our expectations
for 2022 full year revenue increasing by GBP1.5m, with all of this
falling through to operating profit.
Andrew Denton, Chief Executive Officer of Alfa, said:
"I am delighted that we continue to perform very strongly both
operationally and financially. We start 2023 with excellent
momentum and we remain confident in the resilience of our markets,
the strength of our product, people and our delivery record. We
therefore remain confident in our ability to continue to deliver
growth."
Notice of results
The Company will report its full year results, for the twelve
months ended 31 December 2022, on Thursday 2 March 2023. Further
details regarding the Company's presentation to analysts and
investors will be provided nearer the time.
Enquiries
Alfa Financial Software Holdings
PLC
Andrew Denton, Chief Executive
Officer
Duncan Magrath, Chief Financial
Officer +44 (0)20 7588 1800
Tulchan Communications LLP
James Macey White
Ed Cropley +44 (0)20 7353 4200
This announcement may include statements that are, or may be
deemed to be, "forward-looking statements". These forward-looking
statements may be identified by the use of forward-looking
terminology, including the terms "believes", "estimates", "plans",
"projects", "anticipates", "expects", "intends", "may", "will" or
"should" or, in each case, their negative or other variations or
comparable terminology, or by discussions of strategy, plans,
objectives, goals, future events or intentions. Forward-looking
statements may and often do differ materially from actual results.
Any forward-looking statements reflect the Company's current view
with respect to future events and are subject to risks relating to
future events and other risks, uncertainties and assumptions
relating to the Group's business, results of operations, financial
position, liquidity, prospects, growth or strategies.
Forward-looking statements speak only as of the date they are
made.
Notes to Editors
Alfa has been delivering software systems and consultancy
services to the global asset and automotive finance industry since
1990. Our best practice methodologies and specialised knowledge of
asset finance facilitates delivery of large software
implementations and highly complex business change projects. With
an excellent delivery track record now into its fourth decade,
Alfa's experience and performance is unrivalled in the
industry.
Alfa Systems, our class-leading technology platform, is at the
heart of some of the world's largest asset finance companies. Key
to the business case for each implementation is Alfa Systems'
ability to replace multiple customer systems with our single
platform. Alfa Systems supports both retail and corporate business
for auto, equipment, wholesale and dealer finance on a
multijurisdictional basis, including leases/loans, originations and
servicing. An end-to-end solution with integrated workflow and
automated processing using business rules, Alfa Systems provides
compelling solutions to asset finance companies.
Alfa Systems is currently live in 37 countries. Alfa has offices
in Europe, Australasia and North America. For more information,
visit www.alfasystems.com.
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END
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