Preliminary Results for the Year Ending 31 December 2017

Vipera (AIM:VIP), the specialist provider of mobile financial software services, is pleased to announce its preliminary audited financial results for the year ended 31 December 2017.

Highlights
• Total revenue up 27% to €10.1 million (2016: €7.9 million)
• Recurring revenue up 43% to €1.6 million
• Adjusted underlying EBITDA loss, excluding non-recurring items, improved to €0.1million (2016: €1.0 million loss)
• Acquisition in Spain is profitable and expanding
• Successfully executed reorganization of Codd&Date
• Secured a strategic investment in the Company by Banca Sella Holdings who invested €2.5 million
• Continued to invest in product development
• Cash at year-end was €1.9 million (31 December 2016 €1.5million)

Marco Casartelli, CEO of Vipera plc, commented: “We took a number of significant steps forward in 2017 with continued growth, significantly reduced losses and evolving our relationship with Banca Sella. Subsequent to the year end it was announced on 18 April 2018 that Sella Open Fintech Platform S.p.A., a Banca Sella subsidiary, has made a recommended cash offer for the Company.”

Contact:
Vipera PLC
Marco Casartelli (CEO)
Martin Perrin (CFO)

Tel: +39 02 8688 2037
Tel: +44 (0) 20 7193 0833

finnCap Ltd (Nomad and Broker)
Adrian Hargrave / Anthony Adams (Corporate Finance)
Camille Gochez (Corporate Broking)
Tel: +44 (0) 20 7220 0500
IFC Advisory Ltd (Financial PR and IR)
Tim Metcalfe
Heather Armstrong
Florence Chandler Tel: +44 (0) 20 3934 6630
About Vipera:

Vipera Plc (AIM:VIP) a cutting edge Mobile Financial Services and Digital Customer Engagement Solutions provider, serves financial institutions and retailers worldwide with differentiated mobile banking, card management and customer engagement capabilities based around its proprietary bank grade multi-purpose platform, Motif. Additionally, it provides consultancy and other services to banks and financial institutions. For further information, please visit www.vipera.com

 

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