QPR Software Oyj

OPR Software PLC released a stock exchange notification on September 11, 2024, at 4 p.m. EET, under Article 19 of the EU Market Abuse Regulation. The notification concerns Heikki Veijola, the Chief Executive Officer of QPR Software Oyj. The transaction, which took place on September 10, 2024, outside a trading venue, involved the acceptance of a stock option linked to the company's stock option program. The transaction volume was 122,400 units at a unit price of 0 EUR. For further information, Heikki Veijola can be contacted at +358 40 922 6029. QPR Software, listed on Nasdaq Helsinki, specializes in Digital Twin of an Organization (DTO) and process mining software, providing both software and consulting services.

QPR Software Plc's Board of Directors has approved a new stock option plan for key personnel, as authorized by the Annual General Meeting on May 15, 2024. The plan aims to incentivize and retain key employees by allowing them to subscribe to up to 1,800,000 shares. The options are divided into three categories: 720,000 for 2024 A, 540,000 for 2024 B, and 540,000 for 2024 C. The share subscription prices will be based on the average trading price on Nasdaq Helsinki, with specific dates for each category. The subscription period and other details are outlined in the terms and conditions available on the company's website. The theoretical market value of the 2024 A options is approximately EUR 151,200. For further information, contact CEO Heikki Veijola. QPR Software specializes in Digital Twin of an Organization (DTO) and process mining software.

QPR Software Plc's half-year report for January-June 2024 highlights growth in SaaS and software revenue, with the company's turnaround progressing as planned. Key developments include several partnership agreements in North America, contributing to a 15% increase in SaaS revenue and a 13% rise in software revenue for April-June 2024. Total revenue declined due to the discontinuation of non-core consulting services in Finland. The company's EBITDA was positive at 181 thousand euros, an improvement from the previous year. The outlook for 2024 remains unchanged, with expectations for double-digit growth in SaaS net sales and an overall increase in software net sales. The operating result is anticipated to improve significantly compared to 2023. CEO Heikki Veijola noted significant milestones, including expanding agreements with existing clients, increasing the international partner network, and acquiring new customers. The company's strategy focuses on strengthening its global partner network, particularly in North America, and leveraging its QPR ProcessAnalyzer software's integration with the Snowflake AI Data Cloud service. Financially, the group's EBITDA for January-June 2024 improved to 476 thousand euros, with operating profit also showing a positive trend. The company's cash flow from operations was negative, influenced by seasonal billing and higher sales commissions. The equity ratio improved to 11% due to better results and a share issue in 2023. QPR continues to innovate in Digital Twin of an Organization (DTO) technology, with significant investments in product development. Personnel numbers decreased to 29 employees by the end of the review period, with ongoing cost-saving measures expected to show full impact by the third quarter of 2024. Governance updates include the re-election of board members and the appointment of a new CFO, Taru Mäkinen, starting in October 2024. The company also moved to new premises in Espoo to better align with its current business needs. The report complies with IAS 34 requirements, and the financial position is considered stable, with the report prepared on a going concern basis.

QPR Software Plc has appointed Taru Mäkinen as its new Chief Financial Officer, effective October. Mäkinen, who has over 20 years of experience in financial management, will replace the current CFO, Mervi Kerkelä-Hiltunen, who is leaving the company. Mäkinen previously served as CFO at Casambi Technologies Oy and Efecte Plc. CEO Heikki Veijola expressed confidence in Mäkinen's ability to contribute to the company's growth strategy and financial performance. Mäkinen stated her enthusiasm for joining QPR Software and supporting its strategic objectives. QPR Software is a leading company in Digital Twin of an Organization (DTO) and process mining software, providing both software and consulting services.

QPR Software Plc announced that CFO Mervi Kerkelä-Hiltunen has resigned and will leave the company by early October 2024. The company will start searching for her successor immediately. CEO Heikki Veijola thanked her for her contributions, highlighting her role in the company's turnaround and development. QPR Software specializes in Digital Twin of an Organization (DTO) and process mining software, offering both software solutions and consulting services. Further information can be obtained from CEO Heikki Veijola.

The Annual General Meeting of QPR Software Plc was held on May 15, 2024, where it was resolved that the company's financial statements for 2023 would be adopted and no dividend would be paid for that financial year. The Board of Directors and the CEO were discharged from liability for the 2023 financial year. The Remuneration Report and Remuneration Policy were also adopted. The Board was authorized to decide on share issues, special rights entitling to shares, and the acquisition of own shares. The Chairman of the Board will be paid EUR 45,000 per year, and other board members will receive EUR 25,000 per year. The Board will consist of four members including Pertti Ervi (Chairman), Antti Koskela, Jukka Tapaninen, and new member Linda von Schantz. KPMG Oy Ab will continue as the company’s auditor. The authorizations are in effect until the next Annual General Meeting.