StepStone ASA-A leading international provider of human capital management (“HCM”) software

23 April 2009 StepStone ASA Strong operating performance in Q1 despite challenging economic conditions - 16% EBITDA margin and 4.6m cash from operations in Q1 2009 Highlights Revenue of 26.9m EBITDA of 4.2m 16% margin 4.6m cash generated from operations Recurring revenues from talent management products up by 30% year on year 32% Online EBITDA margin maintained at 2008 levels Operating cost base reduced by 3.8m (14%) between Q4

08 and Q1

09 Results for the quarter StepStone has continued to progress by delivering another profitable quarter generating 4.6m of cash from operations whilst continuing to experience challenging market conditions across all markets in which the company operates. There was continued demand for the enterprise solutions products i-GRasp and ETWeb as customers increasingly sought to maximise returns from their investment in people. Demand for the Online recruitment products, as in the prior quarter, continued to decline as customers review their overall staffing levels. The important monthly recurring revenue from Solutions customers has increased 30% between Q1 2008 and Q1 2009, driven by a combination of the growing customer base and minimal churn in the monthly subscriptions. Recurring revenue growth is significantly outpacing growth from licence fees and professional services. Online revenue has declined for the second successive quarter, in line with the reduced number of job vacancy listings carried on our sites. Customers continue to implement headcount freezes, re-deploy and reduce their workforce as they wrestle with the current economic downturn. The swift action on costs during Q4 2008 and into 2009 has enabled the company to maintain Online and Solutions EBITDA margins at similar levels to those delivered in 2008. Group operating costs have been reduced by 3.8m between Q4 2008 and Q1 2009. As a result, Q1 2009 Online EBITDA margins were 32%, the same as Q1 2008, whilst Solutions EBITDA margins were 10% compared to 12% in Q1 2008. Total company Adjusted EBITDA for the quarter was 4.2m representing a 16% margin. The company generated 4.6m cash from operations in Q1 2009, compared to 6.8m in Q1 2008. During the quarter StepStone acquired the remaining 30% of its Chinese operation and settled the remaining 0.6m liability in respect of the acquisition of Recruiter AS in 2008. The company ended Q1 2009 with 33.5m of cash and only 13.8m of interest bearing debt. In addition the company has access to over 20.0m of undrawn banking facilities. Outlook StepStone remains a cash generative, well financed and profitable provider of software and services for the Human Capital Management ( HCM ) sector. We have a portfolio of software products and services delivered to a wide geographic base of customers. Q1 2009 was a solid operating start to what is expected to continue to be a very challenging year a year with reduced overall visibility and high expectations of continued softening of demand, particularly in the Online sector. The company remains focussed on market share and careful management of cash and costs. Given the current market conditions, StepStone has already taken actions to resize the company and reduce its cost base and will continue to closely manage both costs and cash through 2009. Enquiries: StepStone Ian Clapp, Director of Investor Relations Tel: + 44 7850 128094 / 【邮箱已隐去】 Financial PR Hudson Sandler Andrew Hayes / Wendy Baker Tel: + 44

20 7796 4133 / 【邮箱已隐去】 About StepStone StepStone is a leading international provider of human capital management ( HCM ) software and services. Its technology and services helps organisations attract, retain and develop their talent. StepStone was founded in Norway in 1996 and listed on the Oslo B rs (Ticker@ STP.NO) in 2000 and the London Stock Exchange (LSE: STPS) in 2008. The company is one of just ten businesses shortlisted as European Business of the Year for the 2009 European Business Awards. StepStone operates some of Europe s largest talent networks which match employers with potential employees and provides a complete suite of HCM software solutions. Through its extensive talent network in Europe, StepStone has privileged insight into the needs and demands of today s workforce, allowing the company to develop highly innovative HCM solutions. StepStone s comprehensive portfolio of software and services enable organisations to implement efficient HCM processes. These services include; attraction and hiring, post-hire talent management, performance management, compensation management, skills and competency management, career and succession planning, training and development management. As at Q4 2008 more than 16,000 organisations, including many of the world s leading businesses, use StepStone software and services. It operates in

17 countries and employs more than 850 people. Its global customers include Deutsche Telekom, Aviva, PricewaterhouseCoopers, AstraZeneca, ThyssenKrupp, Fiat and Telefonica. For more information see: www.stepstone.com . 机构新闻 您可能感兴趣的文章 达石软件发布MrTedTalentLink企业人才招聘软件方案10版本 2010-10-26 中华网软件为澳洲志愿团体及公众服务组织推出SaaS解决方案 2010-09-07 新兴技术的飞速发展导致中国ICT专业人才缺口加大 2013-10-15 最近文章 TEST 2018年01月15日 嫖娼被抓不属无故旷工，公司解雇赔4万！（法院判决） 2018年01月15日 如何判断你是否具有HRBP胜任力？

2018年01月15日 阿里为什么不去清华招人？

2018年01月15日 因利益冲突，Facebook COO和Twitter CEO退出迪士尼董事会 2018年01月15日 热门文章 嫖娼被抓不属无故旷工，公司解雇赔4万！（法院判决） 2018年01月15日 如何判断你是否具有HRBP胜任力？

2018年01月15日 阿里为什么不去清华招人？

2018年01月15日 2017年度职场出差行程调查，出差最多的居然是他们！！

2018年01月12日 员工在自己QQ空间评论HR经理吃屎，可辞退他吗？

2018年01月11日 扫一扫 加微信【已隐去】 关于沙龙 顾问委员 广告推广 隐私安全 联系我们 申请vip会员 支付方式 市场合作或广告投放 电话：【电话已隐去】 邮件：【邮箱已隐去】 在线QQ【已隐去】 VIP会员 企业VIP会员 机构VIP会员 广告刊例 商务合作 Follow HRSalon