Published on: August 25, 2021
Sopheon’s interims show marked progress on its core performance metrics, thus underpinning our estimates for the full year. The Group retains a strong cash position and, as well as developing new products, continues to explore ways to accelerate business growth through partnerships and M&A. We note the step up in performance but, mindful of the increasing proportion of Software as a Service (SaaS) contracts in the mix as well as plans to expand investment in marketing activities in H2, we leave estimates unchanged at present. We look forward to a further positive performance in the second half.