Leading Canadian Credit Union banks on Temenos to improve ...

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Earnings Per Share (EPS) Adjusted EPS, which excludes the amortisation of acquired intangibles and one-off adjusting charges, was USD 0.00 per share in the quarter, versus 0.05 per share in the same quarter of last year. The LTM adjusted EPS was USD 0.83 per share, a decline of 39% on the previous 12 months. Cash Operating cash net of taxes was an outflow of USD 19.4m in the quarter, compared to an outflow of USD 19.9m in the same quarter of 2011. On a twelve month basis, operating cashflow was USD 99.3m, 20% higher than in the comparative period, and representing a 102% conversion of adjusted cashflow into adjusted EBITDA. 2012 Outlook Reiterated The company reiterates its full year outlook, set out as follows: for total revenues, the company anticipates a growth range of -5% to +6%, which implies approximately USD 450m–500m in total revenues. The company expects to achieve adjusted EBIT margins between 19% and 22%, which implies a profit range of USD 85m- 110m. Lastly, the company expects a 100% conversion of adjusted operating cashflow into adjusted EBITDA. The absolute ranges are based on FX spot rates as of the end of January 2012. Conference call At 18:30 CET/ 17:30 BST/ 12:30 EST, today, April 24, 2012, Guy Dubois, CEO and David Arnott, CFO, and Max Chuard, Director of M&A and IR, will host a conference call to present the results and to offer an update on operational performance. Listeners can access the conference call using the following dial in numbers: +44 (0) 1452 555 566 (UK Standard Int’l Call) 0800 694 0257 (UK Free Call) +41 (0) 565 800 007 (Swiss Local Call) 0800 828 006 (Swiss Free Call) 1 866 966 9439 (US Free Call) Conference ID # 72424009 A transcript will be made available on the company website 48 hours after the call. Presentation slides for the call can be accessed using the following link http://www.temenos.com/Investor-Relations/New-Presentations/ ENDS
About Temenos Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos Group AG is a global provider of banking software systems in the Retail, Corporate & Correspondent, Universal, Private, Islamic and Microfinance & Community banking markets. Headquartered in Geneva with more than 60 offices worldwide, Temenos serves over 1,200 customers in more than 120 countries. Temenos’ software products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos’ experience in over 600 implementations around the globe. Temenos’ advanced and automated implementation approach, provided by its strong Client Services organisation, ensures efficient and low-risk core banking platform migrations. Temenos is a leader in the IBS Sales League Table 2011; winner every year since its launch of the Best Core Banking Product in Banking Technology magazine’s Readers’ Choice Awards and ranks 26th in the American Banker top 100 FinTech companies. Temenos customers are proven to be more profitable than their peers: data from The Banker – top 1000 <strong>banks</strong> shows that Temenos’ customers enjoy a 54% higher return on assets, a 62% higher return on capital and a cost/income ratio that is 7.2 points lower than non-Temenos customers. For more information please visit www.temenos.com Temenos contacts: Max Chuard Director, Corporate Finance & IR Member of the Executive Board Tel: +41 (0) 22 708 1482 Email: mchuard@temenos.com Sarah Bowman Associate Director, IR Tel: +1 646 472 8069 Mobile: +1 646 752 5463 Email: sbowman@temenos.com Ben Robinson Director, Strategic Planning Tel: +41 (0) 22 708 1535 Mobile: +41 795 207208 Email: brobinson@temenos.com Wendy Baker Hudson Sandler Tel: +44 (0)20 7796 4133 Email: wbaker@hudsonsandler.com
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