Basware's year 2015
In 2015, Basware reached several milestones in its strategy, reaching a tipping point in its transition from a license-dominated to a cloud and SaaS-based company. Throughout the year, the cloud business continued to develop favourably, supported by significant growth in key markets.
Basware Discount was launched to bring dynamic terms and early payment benefits for buyers and suppliers in the Basware Commerce Network.
Basware strengthened its market position in the UK by acquiring Procserve, the leading e-procurement solution provider for the public sector.
Basware Commerce Network reached the milestone of 100 million annualized transactions. The transaction growth reached all-time-high during the quarter and in September.
Basware introduced another new service in its network by launching Basware Advance, an easy and flexible financing tool to improve SME's cash flow and business agility.
Group Key Financial Performance Indicators
|Net sales||143,410||127,674||12.3 %|
|Operating profit||4,676||4,325||8.1 %|
|% of net sales||3.3||3.4|
|Profit before tax||3,563||4,328||-17.7 %|
|Profit for the period||3,083||2,959||4.2 %|
|Return on equity, %||2.2||2.5|
|Return on investment, %||3.6||4.4|
|Cash and cash equivalents||33,238||28,954||14.8 %|
|Equity ratio, %||79.1||82.7|
|Earnings per share|
|Undiluted, EUR||0.22||0.22||-2.2 %|
|Diluted, EUR||0.22||0.22||-2.3 %|
|Equity per share, EUR||9.97||9.88||0.9 %|
Net sales and operating profit 2011-2015
- Net sales, mEUR
- Operating profit, mEUR
|Net sales, mEUR||107.8||113.7||123.3||127.6||143.4
|Operating profit, mEUR||12.3||8.3||3.3||4.3||4.6
Net sales by business operations, 2014-2015
- Solution Services, mEUR
- Network Services, mEUR
|Solution Services, mEUR||94.4||94.1
|Network Services, mEUR||33.2||49.3|
Transactions in Basware Commerce Network 2011-2015, millions