Companies news of 2018-02-15 (page 1)

EY and BlackLine form strategic alliance to offer finance process automation to organizations worldwide

LONDON and LOS ANGELES, Feb. 15, 2018 /PRNewswire/ -- Ernst & Young LLP (EY) and BlackLine, Inc. (Nasdaq: BL) have today announced a new strategic alliance that will expand EY process automation capabilities and finance transformation services offered to clients to improve finance and accounting operations.

EY - Building a better working world

BlackLine, a leading provider of enterprise-class financial automation software solutions, is working with EY to help companies govern and automate their finance and risk processes. This alliance is an extension of an existing collaboration between EY and BlackLine to help companies across industries automate their formerly manual and spreadsheet-driven processes and help finance transformation through BlackLine implementations.

Bill Thomas, Ernst & Young LLP Principal, EY Americas Financial Services Organization and executive sponsor of the alliance with BlackLine, says:

"Finance process automation is a complex problem to solve and requires specialized tools to deliver a complete solution, especially with growing volumes of financial data that is increasing the strain on finance departments to manage and certify reported results.  As customers embrace the digital future, they need solutions that deliver timely and accurate financial information without the costly maintenance of on-premises solutions.  EY and BlackLine are uniquely positioned to help provide a foundation for continuous improvement that supports a company's strategy and responds to rising competitive and regulatory pressures."

Through the alliance, EY can help modernize enterprise business processes using BlackLine's Continuous Accounting capabilities. The offering leverages emerging robotic process automation tools, traditional enterprise resource planning systems and the capabilities of BlackLine's cloud platform to help clients:

  • Automate manual-intensive finance and accounting processes for increased efficiency and a more predictable workload for finance professionals.
  • Continuously improve the quality and accuracy of reported financial information, and increase visibility and control over critical finance and accounting data.
  • Govern and automate the management of intercompany transactions and respond to increased regulatory scrutiny in this area.

Greg Sarafin, EY Global Alliances Leader, says:

"Chief financial officers are at the center of driving performance improvement across the modern enterprise. The EY and BlackLine alliance can help CFOs and their organizations to lead by example through the improvement and automation of critical finance operations like accounting, financial close, inter-company processing, reconciliations and tax management. By improving and automating finance operations, we help CFOs reduce cost and risk and free up resources to spend more time on financial planning and analysis, providing higher levels of insight to business decision-makers."

Under the terms of the agreement, EY will provide its experience in data integration, finance and ERP technology and experience in audit, framework-as-a-service, tax, and finance advisory to develop an end-to-end solution and a sustainable foundation for continuous improvement. EY will also provide insights into product enhancements, alignment with EY digital transformation and intelligent automation initiatives and systems, integration, implementation and deployment support for BlackLine's cloud-based portfolio.

Therese Tucker, CEO, BlackLine, says:

"The BlackLine Strategic Alliances are an integral part of our go-to-market strategy. We continue to seek out and build relationships with leading organizations such as EY, whose software and services experience, deep technical skills and global reach complement our own. EY was one of the first consulting organizations we worked with, and we've collaborated on many joint projects over the years where EY's in-depth experience and hands-on advisory services have helped us meet the strict requirements of global customers. In addition, EY is a leader in financial fraud advisory services, an area that we believe will become an increasingly critical resource for customers going forward."

For more information, visit

Barbara Burgess

Ashley Dyer

EY Global Media Relations

BlackLine Media Relations

+1 212 773 1652

+818 223 9008

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Capgemini CEO Interview - 2017 FY Results (Video)

PARIS, February 15, 2018 /PRNewswire/ --

Capgemini, one of the top IT services vendors in Europe and the world's foremost providers of consulting, technology and outsourcing services, announces its full-year results for the year 2017. Paul Hermelin, Chairman & CEO of Capgemini, comments on the Group's results and outlook.

Watch video interview and read transcript:

Topics covered in the interview include: 

  • FY 2017 results
  • Growth drivers
  • Strategic acquisitions
  • CSR
  • Outlook

About Capgemini 

A global leader in consulting, technology services and digital transformation, Capgemini is at the forefront of innovation to address the entire breadth of clients' opportunities in the evolving world of cloud, digital and platforms. Building on its strong 50-year heritage and deep industry-specific expertise, Capgemini enables organizations to realize their business ambitions through an array of services from strategy to operations. Capgemini is driven by the conviction that the business value of technology comes from and through people. It is a multicultural company of 200,000 team members in over 40 countries. The Group reported 2017 global revenues of EUR 12.8 billion.

Visit us at People matter, results count. 

Clavister Q4 2017: All-time High Quarter and Full Year Revenues

ÖRNSKÖLDSVIK, Sweden, Feb. 15, 2018 /PRNewswire/ --

Clavister (Nasdaq: CLAV), a leader in high-performance network security solutions, released its latest quarterly report showing increases in key metrics including Q4 revenues reaching 34,4 MSEK(+27%), gross margin rose to 77%, and gross profit improved by 31%, year-on-year.

For the full year 2017, the revenues rose by 28% and reached, for the first time, over 100 MSEK. Full year gross margin rose by 9 percentage points up to 77%, while gross profit improved by 45% reaching 77.5 MSEK.

Additionally, Clavister signed in Q4 a 20 MEUR funding agreement with the European Investment Bank (EIB), for the continued development of enterprise and telco-grade Cyber security software to serve our global enterprise and communication service provider customers.

Fourth Quarter 2017 

  • Revenues reached 34.4 (27.1) MSEK, an organic increase of 27% compared with the same quarter last year
  • Gross profit reached 26.6 (20.3) MSEK, an increase of 31%.
  • Gross margin reached 77 (75)%
  • EBIT amounted to -18.7 (-20.4) MSEK
  • Result after financial items for the period amounted to -21.1 (-21.7) MSEK
  • Cash by the end of the period was 26.5 (75.3) MSEK. In addition, Clavister has own shares at a value of 7.9 MSEK at the end of the quarter, which-together with cash and cash equivalents--yielded a total of 34.4 MSEK
  • Earnings per share amounted to -0.73 (-0.24) SEK.

For mor information, please contact:

Håkan Mattisson, CFO for Clavister Group
+46 (0)660-29 92 00

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Richard Childress Racing Leverages ANSYS to Improve Racecar Speeds

PITTSBURGH, Feb. 15, 2018 /PRNewswire/ -- Richard Childress Racing (RCR) will improve racing times with ANSYS (NASDAQ: ANSS) through a new, multi-year partnership. RCR will leverage ANSYS Pervasive Engineering SimulationTM software to more accurately predict machine performance and enhance vehicle speed on the race track by enabling a true digital twin of a race car.

A fraction of a second on the race track can determine which team takes the trophy, so NASCAR Monster Energy Cup Series teams must constantly improve speeds to stay competitive. A digital twin of the 2018 Chevrolet Camaro ZL1 will arm RCR engineers with a more complete understanding of how the physical racecar will operate under race track circumstances that are nearly impossible to test. Sensors and actuators on the physical car are used to build a digital twin that enables data capture, real-time analytics monitoring and predictive maintenance testing ? empowering engineers to optimize vehicle performance before race days.

RCR used ANSYS multiphysics simulation software to develop and enhance the physical 2018 Chevrolet Camaro ZL1, which will debut this season. With ANSYS, RCR reduced drag and optimized structural components of the car and suspension to improve speed. Through the expanded partnership, RCR's engineering and aerodynamics teams will even further advance the car ? refining aerodynamics and drastically reducing expensive wind tunnel testing time when compared to traditional testing methods.

"Our competitive advantage is absolutely dependent on our ability to use simulation in all areas of our racing efforts," said Dr. Eric Warren, Chief Technology Officer, RCR. "Our partnership with ANSYS will empower us to implement a true digital twin and set a new benchmark of performance development and efficiency."

"RCR is a true pioneer in innovation on and off the track," said Shane Emswiler, Vice President and General Manager of mechanical, fluids and electronics, ANSYS. "Building a digital twin will deliver accurate, insightful and reliable results that impact performance every week during race season. Using ANSYS Pervasive Engineering Simulation throughout the entire racecar lifecycle, RCR will race faster, safer and more aerodynamic vehicles."   

ANSYS joins RCR's family of more than 40 corporate partners and technical partners, including Dow, Zeiss Industrial Metrology and Microscopy, PTC, Okuma America, Roland DGA and Lucas Oil.

About Richard Childress Racing:

Richard Childress Racing ( is a renowned, performance-driven racing, marketing and manufacturing organization. Incorporated in 1969, RCR has earned more than 200 victories and 17 championships, including six in the Monster Energy NASCAR Cup Series with the legendary Dale Earnhardt. RCR was the first organization to win championships in the NASCAR Cup Series, NASCAR XFINITY Series and NASCAR Camping World Truck Series. Its 2018 Cup Series lineup includes two-time NASCAR champion and 2017 Coca-Cola 600 winner Austin Dillon (No. 3 Dow/American Ethanol/AAA Chevrolet) along with 2008 Daytona 500 champion and 2013 Brickyard 400 winner Ryan Newman (No. 31 Caterpillar/Grainger/Bass Pro Shops & Cabela's/Liberty National Chevrolet). Its XFINITY Series program includes a multi-driver lineup with the No. 3 Chevrolet including Austin and Ty Dillon, Jeb Burton, Shane Lee and Brendan Gaughan, first-year RCR driver Matt Tifft (No. 2 Nexteer Chevrolet) and second-year XFINITY Series driver Daniel Hemric (No. 21 South Point Hotel & Casino Chevrolet).


Cecilia Hellman

Mary Kate Joyce

Annette Arribas

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Wirecard Digitalizes Banking Services for ReiseBank's bankomo app

ASCHHEIM, Germany, February 15, 2018 /PRNewswire/ --

- Wirecard to support the bankomo app in its role as technology partner - a complete digital ecosystem that offers users international banking  

- App users can now also pay cash into their mobile banking account at supermarket checkouts 

Wirecard, the digital financial technology specialist, is today expanding its collaboration with ReiseBank, the market leader in the field of travel money in Germany. The partners launched the mobile banking app bankomo on the market just last year. Now, they are adding to this by enabling users to top up their smartphone account with cash at retail businesses, without a minimum purchase requirement.

Wirecard and ReiseBank are providing users with a completely digital banking ecosystem in the form of the bankomo app. It is above all people with high mobility that stand to benefit. The account can be opened and managed within just a few minutes via video authentication using the intuitive app (iOS and Android) or online at It is linked to a prepaid Mastercard, which enables money to be transferred to other bankomo customers (peer-to-peer) within seconds and also supports traditional banking services, such as SEPA transfers and direct debits as well as standing orders. Furthermore, cash can be withdrawn at any of the 300 ReiseBank cashpoints across Germany.

By expanding cash payments and withdrawals, Wirecard is leveraging its position as ReiseBank's technology partner to make digital banking even more appealing. A partner network of around 9,000 branches across Germany is available for cash payments. This includes Rewe, Penny and Real among others, with Rossmann also joining from April 2018 onwards. To pay in or withdraw cash, users can simply create a barcode in their bankomo app, which is then scanned at the supermarket checkout to enable the payment or withdrawal.

Julian Weste, Vice President FinTech & Financial Institution at Wirecard: "Thanks to our expanded partnership, ReiseBank can offer its customers increased value added immediately. State-of-the-art banking solutions such as bankomo show how international apps can be expanded with useful value-added services. This is making digital banking even more appealing."

Jörg Hübner, Management Board member at ReiseBank, adds: "With the new services offered by bankomo, we are giving our customers what they want: the ability to easily make withdrawals from or to pay money into their account across the country. This clearly allows our international target group to be much more flexible when it comes to managing their finances."

About Wirecard:  

Wirecard AG is a global technology group that supports companies in accepting electronic payments from all sales channels. As a leading independent supplier, the Wirecard Group offers outsourcing and white label solutions for electronic payments. A global platform bundles international payment acceptances and methods with supplementary fraud prevention solutions. With regard to issuing own payment instruments in the form of cards or mobile payment solutions, the Wirecard Group provides companies with an end-to-end infrastructure, including the requisite licences for card and account products. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI). For further information about Wirecard, please visit or follow us on Twitter @wirecard.

About bankomo: 

bankomo is an online and smartphone-based account solution that is above all for people from a migrant background with high mobility. The account is simple to use and has no access threshold. Both German and English user interfaces are available (Spanish, French and Turkish coming soon) and does not require any credit checks (e.g. by Schufa) or a minimum payment amount. On the contrary, the account is prepaid only (i.e. no borrowing is involved) and so the customer is protected from any debt traps. It takes just a few minutes to open the account via video authentication and is then accessed using the intuitive app (iOS and Android) or a computer. The prepaid Mastercard enables money to be transferred to other bankomo customers (peer-to-peer/P2P) within seconds and of course also supports traditional banking services (SEPA transfers and direct debits, standing orders). Most basic features are covered under the fair use policy for a monthly rate currently set at EUR 4.90, and the prepaid Mastercard is included in the basic fee too. bankomo is a ReiseBank AG brand and a Wirecard Bank AG service.

Wirecard media contact:
Wirecard AG
Jana Tilz
Tel.: +49(0)89-4424-1363

Invuo Technologies AB - Interim Report, Fourth Quarter Of 2017

STOCKHOLM, Feb. 15, 2018 /PRNewswire/ --

October? December 2017

  • The numbers refer to the remaining operations
  • Q4 marked the final period of major restructuring, 'cleaning up', and legacy issue resolution, initiated in July 2017.
  • Net sales for the period SEK 29 million (34)
  • Operating result for the period after nonrecurring items attributable to restructuring SEK -15 million
  • Operating loss for the period SEK -13,7 million (-4,1)
  • Loss after tax for the period SEK -27 million (-6)
  • Earnings per share SEK -0,46 (-0.10)
  • Cash flow before changes in working capital for the period SEK -46,1 million (-9,1) 

Full year 2017 ? Highlights

The numbers refer to the remaining operations

  • Net sales for the period SEK 127 million (141)
  • Operating result for the period after nonrecurring items attributable to restructuring SEK -51 million
  • Operating loss for the period SEK -72,2 million (-31)
  • Loss after tax for the period SEK -118 million (-35)
  • Earnings per share SEK -2,01 (-0,67)
  • Cash flow before changes in working capital for the period SEK -137 million (-67,4)
  • The Board of Directors proposes that the Annual General Meeting not pay any dividend for the financial year 2017







All numbers and key figures are the remaining operation


SEK thousand






Net sales

29 161

34 064

127 157

141 533


Operating result without non-recurring items attributable to restructuring

-15 270

-8 137

-51 257

-35 391


Operating result

-13 676

-4 137

-72 231

-31 391


Financial net and taxes

-13 520

-1 965

-46 085

-3 396


Result from divested operations and operations under sale

-29 453

-16 915

50 590

-52 141


Loss for the period

-27 359

-6 102

-118 316

-34 787


Balance sheet total

163 189

251 284

163 189

251 284


Earnings per share, basic and diluted*






Operating margin






Equity ratio






Capitalized development costs

2 671


4 593



Depreciation/Write down



-14 037

-2 644


Non-reccuring items

1 594

4 000

-20 974

4 000


The fourth quarter of 2017 saw the completion of key strategic objectives, as well as critical financing and product success factors. The transformation of the company into a pure B2B enterprise was achieved via the agreement to sell SEQR. Additionally, with the support of our largest shareholders, Invuo was able to raise sufficient financing via the December rights issue, for us to meet key operational objectives, as well as discharge ongoing legacy costs. During the fourth quarter, eProducts continued its progress to moving toward breakeven. Critically, MeaWallet developed strong momentum going into year-end, and signed a number of breakthrough orders, positioning the company strongly for a significant increase in signed orders in 2018.

Invuo ended 2017 as a much smaller enterprise than at the beginning of the year. The key focus going forward is 'profitable traction'. For MeaWallet, the mobile payments market developed slowly in Europe until 2017, and Europe now has to catch up with 'developing' nations like Kenya, China and India. Whilst some value chains are well established, European financial enterprises are now making strategic choices as to how to meet the threat of disintermediation by companies like Apple. MeaWallet achieved 15% market share in 2017 in Europe, and we aim to at least maintain that in 2018 in a rapidly growing market. eProducts has some excellent products and markets, but in the core Swedish market, all suppliers have suffered multi-year losses due to unsustainable competitive behaviors. eProducts is on a clear path to sustainable profitability, and a focus on profitable growth opportunities, whilst aggressively withdrawing from loss-making activities and clients. Our vendors in Sweden are also enforcing behavior change in the market, and we believe a superior standing with our suppliers will give us opportunities going forward.

Our keys goals for 2018 are to sign profitable orders in both divisions, and solidify the company's financial position via internal efforts.

John Longhurst

Significant events during the quarter

  • MeaWallet signs new agreement with Norwegian bank for delivery of the Mea Token Platform service. For MeaWallet as a Norwegian company, an agreement with a domestic bank is an enormously important validation of the company's offer and an important reference because MeaWallet builds a strong pipeline of international customers.
  • Objective of patent infringement is written off. The reason behind the dismissal of the case is that the parties have reached a financial settlement in favour of Invuo.
  • At the Extraordinary General Meeting on November 24, decisions were made on the following:-  Tomas Jalling was appointed new Chairman of the Board.-  change of company name to Invuo Technologies AB and thus amendment of the Articles of Association new issue of shares with preferential rights for existing shareholders.
  • Invuo appoints John Longhurst as CEO.
  • MeaWallet A/S has signed an agreement with First Investment Bank AD in Bulgaria to deliver the Mea Token platform for implementation of the second technology level gene. The contract's order value corresponds to 300,000 Euro over a five-year period.
  • MeaWallet A/S has signed an agreement with Spanish credit institution Oney España for delivery of MeaWallet's proprietary technology for contactless card payments. The contract's order value is within the normal range of MeaWallet deliveries to single card networks, ie. between 200,000 and 350,000 Euro over a three-year period.
  • The completed rights issue shows that the total number of shares will increase by 23,319,650 shares. Thus, the rights issue has been subscribed to 39.70 percent. Through the rights issue, Invuo will be supplied approximately SEK 42 million before deduction of issue costs. The rights issue has increased the number of shares and votes in Invuo to 82 084 955.
  • Seamless Distribution AB has On 20 December changed its trade name to Invuo Technologies AB by registration of new articles of association.
  • At the end of the year, the subsidiary SEQR was sold to Glase FinTech AB "Glase", which acquired all shares in SEQR Group AB (and all its subsidiaries) for a cash consideration of SEK 8 million. The sale of SEQR confirms the new strategic focus that was decided at the Extraordinary General Meeting in November 2017 and means that Invuo focuses entirely on B2B. By selling SEQR, instead of decommissioning the business area, Invuo expects a cost savings of approximately MSEK 20 and the heavy monthly net cash burn will be stopped.
  • MeaWallet A/S has signed an agreement with Swedbank Support OÜ for delivery of MeaWallet's non-contact card payment technology in the Latvian, Lithuanian and Estonian markets. The contract's order value is between 500,000 and 600,000 Euro over a three-year period.
  • Invuo supplied SDS an unconditional shareholder contribution of SEK 15M through write-down of existing loans from SEK 50m to SEK 35m. The interest rate on the loan is increased from 8 percent to 10 percent per annum. 

Significant events after the end of the reporting period

  • As a result of the completion of the divestment of SEQR, on January 10, the new operational management was announced, which will be responsible for implementing Invuo's B2B strategy. The new management, under John Longhurst, CEO, consists of Martin Schedin and Lars Sandtorv (Head of MeaWallet), and Jonas Lundgren (Head of eProducts).
  • MeaWallet A/S, has signed an agreement with a major bank in the Nordic region for delivery of MeaWallet's technology for converged wallet, i.e. mobile contactless payments to that specific Nordic country. The contract value is approximately ?700,000.

This is the type of information that Invuo Technologies AB (publ) is required to disclose pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on February 15, 2018 at 08:50 a.m. (CET).

For further information, please contact:
Martin Schedin

About Invuo

Invuo has two main business areas: Mobile payment solutions provided under the trademarks of MeaWallet? and distribution of eProducts.

Invuo's interim report for the period October ? December 2017 has been approved for publication by the Board of Directors, by its decision on February 14, 2018. This financial report has not been subjected to a review by the Company's auditors.      

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The following files are available for download:

Interim Report Fourth Quarter of 2017 (PDF)

NetComm Wireless Launches World's Fastest 4G LTE Fixed Wireless Outdoor Device

SYDNEY, Feb. 15, 2018 /PRNewswire/ -- NetComm Wireless Limited (ASX: NTC) today announced the launch of its latest 4G LTE Intelligent Fixed Wireless Access unit (IFWA-6xx), a next-generation fixed wireless outdoor device engineered to deliver the world's fastest LTE fixed wireless broadband speeds. The IFWA-6xx is the third generation of NetComm Wireless' fixed wireless technology, and is set to bring world-class broadband to customers on the nbn? Fixed Wireless network later this year. 

NetComm Wireless Limited Logo

NetComm Wireless' IFWA-6xx is the first technology of its kind to integrate an antenna design with network grade diagnostics and the capacity to deliver fibre equivalent broadband services to homes and businesses in rural and underserved areas worldwide.

The IFWA-6xx comprises of a series of network-grade LTE CAT 16 devices with the capacity to deliver Gigabit (Gbps) speeds, while providing support for global LTE FDD and TDD bands, including the CBRS band in North America. The new technology is designed to meet the spectrum availability, geographic and service level requirements of network operators and service providers in global markets.

Ken Sheridan, CEO of NetComm Wireless said: "We are pleased to launch a new generation of fixed wireless access technology that allows carriers and network operators to bring fibre-like broadband and triple play services to customers in areas that lack fixed line infrastructure.

"This network-grade technology combines hardware and intelligent software design, remote management and the installation tools needed to maximise return on investment, while also allowing service providers to deliver on their broadband speed and performance promise to customers.

"NetComm Wireless has been at the forefront of fixed wireless innovation for 8 years, and our third-generation fixed wireless device builds on the expertise gained from successful fixed wireless deployments with our partners in Australia, North America and Europe."

Designed to meet rising global demand for triple play Internet, video and voice services, including Voice over LTE (VoLTE), the IFWA-6xx provides a guaranteed radio link budget to ensure consistent broadband performance, even at peak times.

Homes and businesses located beyond the reach of fixed fibre, cable and copper networks will have the assured level of bandwidth needed to watch movies in the highest available resolution on multiple computers, televisions and other devices simultaneously.

NetComm Wireless' longstanding commitment to quality hardware and intelligent software design ensures a high level of security and low total cost of ownership. Costs are reduced over the lifetime of the device by combining the radio and antenna in a single unit that is IP65 rated to ensure durability in extreme environmental conditions. Further cost efficiencies are achieved by reducing on-site servicing through advanced remote device management, Quality of Service and the capacity to withstand extreme climates and outdoor conditions. The device also comes equipped with the installation design and tools needed for fast and precise installation.

The CBRS capable technology is specially engineered to ensure an efficient use of spectrum. NetComm Wireless' IFWA-6xx units maximise cell range and capacity, and feature a powerful antenna design delivering up to 19dBi in gain, high 256 QAM modulation to increase the efficiency of data transmission, 2 x 2 or 4 x 4 MIMO and up to 4 channels aggregated.

NetComm Wireless will demonstrate the IFWA-6xx at Mobile World Congress, Barcelona - Hall 2 Stand 2B 39-41 - from 26 February to 1 March. For more information visit:

About NetComm Wireless

NetComm Wireless Limited (ASX: NTC) is a leading developer of Fixed Wireless broadband, wireless M2M/Industrial IoT and Fibre and Cable to the distribution point (FTTdp / CTTdp) technologies that underpin an increasingly connected world. Our Listen. Innovate. Solve. methodology supports the unique requirements of leading telecommunications carriers, core network providers, system integrators, government and enterprise customers worldwide. For over 35 years, NetComm Wireless has engineered new generations of world first data communication products and is now a globally recognised communications technology innovator. Headquartered in Sydney (Australia), NetComm Wireless has offices in the US, Europe/UK, New Zealand and Japan. Visit:

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Starbreeze AB (publ) Year-end Report 2017

STOCKHOLM, Feb. 15, 2018 /PRNewswire/ -- Today at 10.00 am CET, Starbreeze CEO Bo Andersson Klint and CFO Sebastian Ahlskog will host a live stream and present the report on Starbreeze Twitch channel:


  • Net sales increased by 4.4 percent to SEK 103.8 million (99.4).
  • PAYDAY generated SEK 20.4 million (37.8) and Dead by Daylight accounted for SEK 67.6 million (54.6) of net sales.
  • EBITDA amounted to SEK 6.4 million (38.8).
  • The loss before tax amounted to SEK -67.9 million (32.3).
  • Basic and diluted earnings per share were SEK -0.22 (0.11).
  • New financing plan for StarVR Corporation.
  • Completion of the acquisition of Indian production company Dhruva.
  • Impairment loss on RAID: World War II of SEK 20.2 million.


  • Net sales increased by 4.6 percent to SEK 361.4 million (345.5).
  • PAYDAY generated SEK 120.3 million (162.4) and Dead by Daylight accounted for SEK 201.5 million (143.7).
  • EBITDA amounted to SEK -53.5 million (81.2).
  • Starbreeze is reporting a loss before tax of SEK -176.2 million (55.9).
  • Basic and diluted earnings per share were SEK -0.55 (0.22).
  • Cash and cash equivalents at the end of the period amounted to SEK 233.8 million (669.4)
  • The board of directors is proposing no dividend for the 2017 financial year.


  • Directed issue of new shares to Swedish and international investors raised approximately SEK 238 million before transaction costs.
  • Decision in favor of a rights issue of SEK 150 million (see separate press release).

CEO Bo Andersson Klint remarks on the report:



We are closing the year with our best fourth quarter to date in terms of revenue, with net sales above SEK 100 million. Even though RAID: World War II (RAID) was a disappointment, we delivered sales growth of 4.4 percent and positive EBITDA of SEK 6.4 million in the fourth quarter. As previously communicated, we may show negative EBITDA and/or cash flow until we release OVERKILL's The Walking Dead (OTWD).

In the quarter, we continued to add vital components to our business. As of December 22, the acquired Indian production company Dhruva is included in the financial statements. We also invested in building our VR centers in Dubai and Stockholm during the period.

We expanded our game development teams during the year, resulting in substantially higher employee benefits expense than in the preceding year. Notably, there was an increase in depreciation, amortization and impairments during the quarter, year-on-year. This is due to our having more games available in the market, such as Dead by Daylight and RAID, which we are thus amortizing. An impairment loss on RAID of SEK 20.2 million was also recognized during the quarter to match the asset to the anticipated cash flow as game sales have been poorer than expected.


PAYDAY 2 is still a highly relevant product and was one of the most frequently played games on the digital platform Steam in 2017. The VR version of the game ? the biggest VR game in the world in terms of content ? is currently in beta testing. With only a week or two to go, the release for Nintendo Switch is fast approaching and we are already accepting preorders.  Based on the undiminished interest in PAYDAY, we have also decided to extend the development period of PAYDAY 2 into 2019, as a bridge to PAYDAY 3.


Our most important publishing title Dead by Daylight was a star performer during the quarter and the full year of 2017, proof of the strength of our Games as a Service concept. The game generated revenue of SEK 202 million in 2017, up from SEK 144 million in 2016 when the game was released. We successfully released the game for the Xbox One and PlayStation 4 platforms in 2017 and released no fewer than seven updates, which took prominent brands like Leatherface and A Nightmare on Elm Street into the homes of our players.  The latest update, The Saw Chapter, was released simultaneously for all platforms in January, becoming our fastest-selling DLC ever.


We successfully established Starbreeze and StarVR as leading brands in VR and location-based entertainment during the year. We are now in phase three of the VR venture we began in 2014 by building the technical platform in the StarVR HMD. In 2017, we continued to invest in location-based VR in order to reach the final goal: to produce and sell games and experiences for external operators of location-based VR operators, such as amusement parks and shopping centers. We have invested time and resources in building the VR locations in Dubai and Stockholm as full-on concept stores to demonstrate how our content and headset can work together to create a superior concept.

Our initiative as the main partner to the brand-new VR Park under construction in the Dubai Mall, is in its polishing phase and we're very excited to deploy more than 100 VR stations throughout the 7,000 square meter center. As a whole, the VR Park will quite possibly be the largest high-end indoor VR Park in the world.

We are convinced that location-based VR is the optimal business model for VR for the masses in the foreseeable future. IMAX and SEGA are already customers of both Starbreeze and StarVR Corporation.


As of our latest agreement, Acer has taken on the majority of the financing of the joint venture StarVR Corporation, enabling us to concentrate our resources on producing content. StarVR Corporation has already delivered on the promise to put the headset into serialized production in the current version before Christmas to meet the demands of customers such as SEGA and the Dubai VR park. The next version of our VR headset for a professional customer base will be presented later in the year. The joint venture will move forward as an increasingly independent organization and we are in talks with Acer on the possibility of an IPO for StarVR. We're in agreement with Acer that this is an excellent way to propel the business into becoming the leading global VR company we set out to create from the beginning.


Our VR publishing partners are ready, and we will continue building the LBE content catalog to ensure the capacity of our new and existing customers. APEX, a VR experience developed by Lucky Hammers, is part of the opening offer in Dubai and proof of the knowledge we have accumulated over the years, and how we can take VR content to new heights, with the right partners. Another example of the value of our content catalog is the license agreement with StarVR Corporation for The Mummy, a VR experience that gave us SEK 5.3 million in revenue for the quarter and will also generate royalties on future revenue.


A little less than a year ago, we decided to adjust the promised release date of OVERKILL's The Walking Dead (OTWD) from 2017 to 2018 to assure the quality of the game. Combined with poorer than expected sales of RAID, this created a need to secure the financing of our current business plan to the tune of about SEK 75 million until the release of OTWD. Toward that end, we successfully executed a new share issue of some SEK 238 million directed at a number of Swedish and international institutions, with Robur and Första AP-fonden in the lead. We are deeply gratified by the trust they have shown us. We would also like to give our current shareholders the opportunity to participate in a rights issue of SEK 150 million, an issue resolved by the board today, and an EGM will follow. After this capital raising, we have the funds we need to both execute our plan to achieve revenue of at least SEK 2 billion in 2020 and grasp several business opportunities that we believe are going to create significant value for our shareholders. We will, including expanding the marketing campaign for OTWD, be extending the development period of PAYDAY 2 to 2019 and accelerating the production plan for PAYDAY 3. I am also extremely pleased that we have now been able to sign the publishing project 10 Crowns, which is being developed by some of the brains behind Civilization IV and Civilization V.


Looking in the rearview mirror, 2017 was an eventful year, with many milestones achieved. We are now looking forward to 2018 when OTWD will be our biggest release ever and all I can say is that our expectations for the game are high. When we started the campaign at the end of the year, proof of massive interest from the worldwide gaming community was instant, which made our team even more pumped. We are looking forward to revealing more of the game, step by step, and introducing the other main characters ahead of the release this fall.


Ann Charlotte Svensson
Head of Investor Relations and Corporate Communications
|Tel: +46-8-209-208

Starbreeze AB is required to disclose this information under the EU Market Abuse Regulation and the Securities Market Act. The information was provided by the above contact persons for publication on 15 February 2018 at 08:00 CET.

This information was brought to you by Cision,c2452945

The following files are available for download:

Starbreeze Year-end Report 2017

UCAS Appoints Infosys as its Core Technology Partner up to 2021

LONDON, February 15, 2018 /PRNewswire/ --

Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, today announced that UCAS, the admissions service for UK higher education, has extended its existing partnership with the company to support its business strategy up to 2021.

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UCAS delivers critical admissions and information services to students, schools and higher education providers. Every year it supports more than a million applicants from over 100 countries; 6,000 registered centres; 1,200 schools; and 388 universities and colleges. 

Every summer UCAS runs and delivers the single biggest infrastructure event within the UK education sector. Its systems manage millions of applications; process over 10 million exam results; answer 35,000 customer calls on A level results days; and respond to 15,000 social media enquiries. Not only is this period critical for the life chances of individuals, it has huge implications for the future prosperity of the UK society, economy and beyond. During the five critical days, including SQA Results Day and leading up to A Level Results Day, UCAS supports the placement of students equating to around £6 billion (around $8 billion) in tuition fees alone.

In the last three years, UCAS' partnership with Infosys has reaped immediate dividends, with system outage times slashed by 90 per cent, while UCAS customer satisfaction scores with UCAS peak periods of confirmation and clearing, have jumped from 60 to 94 per cent.

As part of the renewed engagement, Infosys will provide a wide range of digital services that will enable UCAS to continue to develop technology capabilities that connect learners to multiple destinations, such as universities, awarding bodies, schools and other organisations, using a dynamic digital suite of systems that responds to a rapidly changing higher education sector in the UK. Infosys will now concentrate on helping UCAS achieve its ambitious targets on lowering costs, optimising and enhancing services for students, delivering more robust security, and providing business-as-usual (BAU) services between legacy and new digital systems.

UB Pravin Rao, Chief Operating Officer, Infosys, said, "The renewed engagement with UCAS bears testament to the success we have helped the organisation achieve to date. We're very enthusiastic about the journey ahead and welcome the opportunity to power UCAS' vision for the future of Education, by developing a truly agile digital enterprise, that is able to cater to the requirements of increasingly demanding students. We look forward to working with UCAS and helping the organisation deliver its 2020 strategy and vision."

Clare Marchant, UCAS Chief Executive, said, "This is a significant milestone for UCAS. On joining in 2017, one of my first impressions was the strength and professionalism of the partnership with Infosys. This has enabled substantial service improvements and stability around key business events, particularly for confirmation and clearing when hundreds of thousands of students are using our services simultaneously to find out if they have a university or college place."

Fatuma Mahad, Director of Technology and Operations and UCAS, said, "This is absolutely right for UCAS. Our ways of working together have cemented a partnership which I feel helped us create a model for future success."

Infosys has managed UCAS' core application and IT infrastructure since 2014, enabling the delivery of technology services to customers and the business, including three successful confirmations and clearing periods and other high-volume, time-critical events.

About UCAS 

UCAS is a charity, and is the UK's shared admissions service for higher education. We manage applications from around 700,000 applicants each year for full time undergraduate courses, at more than 395 universities and colleges across the UK. 

For further information please contact Felicity Cowie, Head of Media and Corporate Communications at UCAS at or 01242-545469.

About Infosys 

Infosys is a global leader in technology services and consulting. We enable clients in 45 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve those effectively. Our team of 200,000+ innovators, across the globe is differentiated by the imagination, knowledge and experience across industries and technologies that we bring to every project we undertake.

Visit to see how Infosys (NYSE: INFY) can help your enterprise thrive in the digital age.

Safe Harbor 

Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2017. These filings are available at Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.


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