With double-digit bookings growth and progress in the Group's subscription shift ahead of expectations, 2020 investments were driving strong business momentum and sustained growth.
Therefore
Based on the expectations of business performance for 2021,
Digital Business Bookings year-on-year growth of +15 to +25 percent
Adabas & Natural Bookings year-on-year growth of -30 to -20 percent
Total Product Revenue year-on-year growth of 0 percent to +5 percent
Operating Margin (EBITA Non-IFRS) of 16 percent to 18 percent (stated figure)
The Group's overall 2021 outlook assumes a global COVID-19 recovery in the second half of the year and a gradual return to more normal trading conditions
Over the mid-term the Group remains confident in achieving its 2023 ambitions of
Highlights for Q4 and FY 2020 (at constant currency; details in today's press release)
These results show the current status of the transformation and underline the company's guidance for 2021 as well as its confidence to achieve the 2023 ambitions.
Four consecutive quarters of double-digit Group bookings growth
Group bookings growth of 31 percent in Q4 and 24 percent for the full year
Digital Business Lines and A&N bookings growth slightly ahead of increased guidance
Overall Digital Business bookings growth of 19 percent in Q4; Full year growth at 21 percent
A&N full year growth of 33 percent year-on-year, expected to revert to 2019 levels in 2021
Subscription shift momentum enabling
Q4 Digital Business bookings share from subscription and SaaS accelerates to 84 percent; 81 percent full year
ARR growth of 10 percent year-on-year as at
Full year Recurring Revenue up 10.5 percent and now 84 percent of Total Product Revenue, already in line with 2023 ambition
Full year profit guidance met despite ongoing investment
FY 2020 operating margin (EBITA Non-IFRS) at 21.2 percent and 26.3 percent for Q4 reflects successful balance of cost management and investment.
An analyst & media call will be held on Wednesday,
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