QPR Software increased its net sales for the rest of the year

Software company QPR Software released its October-December result and the whole year 2024 financial statements on Friday morning.

In October-December 1963, the company’s net sales increased to a thousands of euros from 1599 thousand. In particular, growth was gained with the Middle East’s license dealerships.

QPR’s SaaS revenue increased by 14 % from the comparison period and software revenue increased by 44 %.

EBITDA was EUR 275 thousand, compared with the comparison period of EUR 30 thousand.

QPR’s operating profit was EUR 23 thousand compared to the previous 307,000 losses.

The earnings per share sparked EUR 0.001 plus a year earlier a loss of EUR 0.017.

The company followed by the company, Inderes, expected a turnover of EUR 1.5 million in October-December, 0.3 million EBITDA, zero-level operating profit and earnings per share.

Throughout the year, SaaS revenue increased by 15 per cent and software revenue by 14 % and total net sales were EUR 6.61. Total revenue decreased because the company has stopped consulting outside the core business. The turnover of 2023 was EUR 7.55 million. The full year’s earnings per share was EUR 0.005 at a loss.

The company predicts that SaaS revenue is growing and EBITDA is positive despite growth efforts in 2025

Process quarrels are interested in the Middle East

Managing director Heikki Veijola Keeps 2024 in turning point.

“We have determined our strategy, expanded our partner network and strengthened our position in the international process market market. The measures launched in the previous year – the adaptation of the organization, the focus on core business and the construction of a sustainable cost structure – have been in full swing in 2024, supporting support and strengthening our business, ”Veijola says in the review.

October-December growth was accelerated by successful shops in North America and the Middle East in the last quarter of the year.

“During the financial year 2024, EBITDA increased to EUR 1,020 thousand, increasing EUR 838 thousand compared to the comparison period and was 15 % of net sales. We are very pleased with this development and will continue to build growth during 2025, which is predictable in the development of profitability figures, ”says Veijola.

The company has launched a market opener in North America and has strengthened international activities, especially in the Middle East. The company has announced several stores in the Middle East in the late year.

“The growth in the Middle East market and the growing interest of companies in the region in the process quarrel solutions create the ability to expand our operations in the area in the future,” Veijola says.