EPS CHANGE
CHANGE IN EPS
2018 : € 0.14 vs 0.18 -23.9%
2019 : € 0.16 vs 0.20 -17.0%

The company has reported its Q3 18 results, which showed revenue growth but lower operating profitability due to the transition from a hardware provider to a software developer. We have updated our model to integrate these most recent figures, which were slightly lower than we had expected at the beginning of the year. The costs of transition have been higher than our former forecasts, which explains the lower EPS in FY18 and FY19. However, we remain confident about the company’s capability to reap higher profits in the following years and continue to grow, particularly in the software division.