We are pleased to present our 2008 financial results and achievements. Whilst the economic climate remained challenging, Schuberg Philis again enjoyed a very successful year with strong growth and extremely high customer satisfaction. Key performance indicators in 2008 included:
- Record revenues of € 30.4 million
- 51 per cent annual revenue growth rate
- Solid 13 per cent net profit margin
- € 65.4 million of contracted future revenues
- Contributing to an annual growth rate of 116 per cent.
Recurring monthly revenues and cash flow increased as a result of this positive growth. Contracted future revenue is a key performance benchmark, with companies in our business typically being valued as a multiple of recurring revenues. Our financial strategy remains the same – to maintain a strong balance sheet, while using cash resources to invest in strategic priorities.
Key Financial Figures
| Profit and Loss Statement (In € 1,000s) | 2008 | 2007 | 2006 |
|---|---|---|---|
| Total Revenues | 30,390 | 20,183 | 13,216 |
| Net Profit | 3,911 | 2,704 | 1,786 |
| Balance Sheet (In € 1,000s) | 31-12-08 | 31-12-07 | 31-12-06 |
| Tangible Fixed Assets | 14,058 | 13,860 | 14,367 |
| Working Capital | 6,166 | 3,087 | 3,802 |
| Debt | - | - | - |
| Equity | 20,366 | 17,656 | 18,878 |
| Ratios | 31-12-08 | 31-12-07 | 31-12-06 |
| Net Profit Margin | 13% | 13% | 14% |
| Current Ratio | 1.5 | 1.4 | 1.7 |
| Solvency | 64% | 67% | 78% |
| Contracted Revenue (In € 1,000s) | 31-12-08 | 31-12-07 | 31-12-06 |
| Contracted Future Revenue | 65,439 | 56,537 | 33,799 |
| Book-to-Bill Ratio for the year ended | 139% | 113% | 290% |
However, numbers only tell part of the story. More than anything, these financial results reflect the power of relationships with our employees, customers and partners. They define who we are. All our relationships are based on trust, a deep understanding of our customers’ needs, a collaborative working style and a company-wide commitment to exceeding expectations.
Shareholders
The Schuberg Philis Group is a privately owned company in which management and employees hold 100% of the shares. No banks or other forms of external capital are involved, resulting in a debt-free, fully equity-financed company.
