Results & Presentations

SoftwareONE combined group¹
(including Comparex)

In CHF million unless noted otherwise.	2016	2017	2018	CAGR 2016-18
Gross profit2	571	621	724	13%
Adj. EBITDA3	92	120	187	42%
Adj. EBITDA margin4	16.2%	19.3%	25.8%

SoftwareONE historical IFRS results

In CHF million unless noted otherwise.	2016	2017	2018
Total revenue	3,041	3,310	3,741
Gross profit2	317	344	409
Earnings before net financial items, taxes, depreciation and amortization	54	78	130
Earnings before net financial items and taxes	43	65	113
Profit for the year	18	40	78

For a full overview of SoftwareONE’s IFRS results, please refer to the Results Center.

¹ Financial data for the combined group (including Comparex acquired effective 31 January 2019) refer to pro forma financial information for FY 2018 and like-for-like financial information for FY 2016 and FY 2017.

² Non-IFRS financial measure, defined as total revenue less cost of software purchased and third-party service delivery costs.

³ Non-IFRS financial measure, defined as earnings before net financial items, taxes, depreciation and amortization as adjusted for M&A, integration and IPO-related costs.

⁴ Non-IFRS financial measure, defined as adjusted EBITDA as a percentage of gross profit.