QPR Software Oyj

The Board of Directors of QPR Software Plc has announced a change in the starting time of the Annual General Meeting (AGM) to be held on May 15, 2024. The AGM will now begin at 1:00 p.m. EEST at the company's headquarters in Helsinki, Finland. The agenda includes the adoption of Financial Statements, the resolution on the use of profit shown on the balance sheet, and the adoption of the company's Remuneration Report and Policy. The board proposes no dividend payment for the financial year ended December 31, 2023. The board also proposes to keep the remuneration of board members unchanged and to confirm the number of board members as four. It also proposes the re-election of three members and the election of one new member to the board. Other proposals include the re-election of KPMG Oy Ab as the company's auditor and authorizations for the board to decide on share issues and the acquisition of own shares.

QPR Software Plc has announced its Annual General Meeting (AGM) to be held on May 15, 2024, at the company's headquarters in Helsinki, Finland. The agenda includes the review of the 2023 financial statements, adoption of the financial statements, and a proposal for no dividend payment for the financial year ending December 31, 2023. The board also proposes the adoption of the company's Remuneration Report and Remuneration Policy as advisory resolutions. The shareholders' nomination board proposes to keep the remuneration of board members unchanged, and the number of board members to be confirmed as four. The board also proposes the re-election of the company’s auditor, KPMG Oy Ab, and authorizes the board to decide on share issues and the acquisition of own shares. The shareholders can register for the AGM starting from April 19, 2024.

QPR Software Plc's interim report for January-March 2024 reveals that the company's SaaS and software net sales have increased. The company's turnaround strategy is on track, with the first partnership agreements signed in North America. The company expects the growth of SaaS net sales to be in double digits and estimates that the entire software net sales will grow in 2024. The operating result in 2023 was -813 thousand euros, but the company expects significant improvement in 2024. The company's SaaS net sales grew by 15%, and software net sales grew by 4% in the January-March period. The group's total net sales decreased by 21% due to the decision to discontinue consulting services outside the core business in Finland at the end of 2023. The company achieved a positive result (13 thousand euros) for the first time since the third quarter of 2019.