Hybrid Software Group PLC reports consistent performance in Q3

From GlobeNewswire: 2024-10-23 12:00:00

Hybrid Software Group PLC delivered consistent performance in the third quarter of 2024, with revenue at €11.57 million and an adjusted operating result of €0.70 million. Sales in the Printhead Solutions segment grew by 6.7%, while the Enterprise Software segment saw quarterly revenues in line with last year. Printing Software segment sales declined by 11.5% in Q3 but income increased by 2% for the first nine months.

For the nine months ended 30 September 2024, Hybrid Software Group PLC reported total revenue of €38.49 million, with an EBITDA of €8.50 million and an adjusted operating result of €5.08 million. Operating performance was bolstered by increased sales and cost optimizations, resulting in significant year-over-year growth.

The segment analysis for the third quarter of 2024 showed positive performance across all operating segments. With revenue increases in Enterprise Software, Printhead Solutions, and Printing Software, Hybrid Software Group PLC demonstrated consistent growth and improved operating results compared to the same period last year.

Hybrid Software Group PLC is a leading developer of enterprise software for industrial print manufacturing, serving customers such as HP, Canon, and more. The company’s subsidiaries specialize in color technology, printing software development, enterprise software, 3D design, printhead driver solutions, and pre-press workflow development, contributing to its strong performance in the market.



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