Sliedrecht, the Netherlands, 14 February 2014: UNIT4 N.V., the global cloud-focused
business software group listed on the Amsterdam Stock Exchange, today announced its
financial results for 2013.
Full year 2013
• SaaS and subscriptions grew 42.3% compared with 2012
• Total revenue increased by 4.4% to €490.5 million (2012: €469.8 million)
• FinancialForce.com revenue increased 85% with annual run rate up 80% to
$30.6 million
• EBITDA, including FinancialForce.com and excluding costs related to project
Unique1, rose by 13.2% to €97.6 million (2012: €86.2 million)
• EBITDA, excluding FinancialForce.com and costs related to project Unique,
increased by 14.7% to €109.3 million (2012: €95.3 million)
• EPS before goodwill related items declined by 31.4% from €1.88 to €1.29, due to
the valuation of a tax asset in 2012 and costs related to project Unique
• Recommended cash offer on 20 December 2013 by Advent for all issued and
outstanding ordinary shares of UNIT4

While SaaS and subscription revenues continued to show a strong upward trend, with a growth of 42.3% compared with 2012, the traditional perpetual product revenue showed a small decline of 5.5% towards an amount of €72.2 million (2012: €76.4 million).
The strong growth in SaaS and subscriptions resulted in a growth in the annual run rate from €57.0 million at year-end 2012 to €79.4 million at year-end 2013, an increase of €22.4 million or approximately 40%. This implicitly means that the SaaS and subscription business has exceeded the traditional product license sale.
The trend towards SaaS and subscriptions is clearly evident and UNIT4 is actively shifting towards this model. Although a significant part of our ERP installations and extensions are still requested and installed as ‘on-premises’ solutions, increasing numbers of potential customers are considering moving to the cloud, including for full ERP suites. This shift had a larger impact on revenues in the fourth quarter, and in particular December.

More details are available on our website www.unit4.com/investors.