Softline publishes audited results for FY2021 ending 31 March 2022, with very strong profitable growth including 26% constant currency turnover growth, and 39% gross profit growth
7 July 2022, London, UK – Softline Holding plc [SFTL, US83407L2079] (Softline, Softline Group, the Group, or the Company), the Cyprus registered global IT and digital transformation solutions provider headquartered in London and operating in almost 60 countries, announces FY2021 audited results for financial year ending 31 March 2022.
Softline Holding plc began trading under the brand name Noventiq after divesting part of its business in October 2022.
The full audited results can be accessed here: https://softline.com/investor-relations/results-presentations
Jacques Guers, Chairman of the Board of Directors of Softline Group, said:
“We delivered outstanding results in FY2021 during a period of unprecedented change in our market. This performance reflects the hard work, disciplined execution, and dedication of our 8,400 talented Softliners around the world who are focused on creating consistent value for our customers – while we also deliver on our commitments for all other stakeholders, including shareholders, vendor-partners, and employees.”
Softline’s related supporting materials, including the latest company factsheet, investor presentation and preliminary trading update published on 24 May 2022, can be accessed in the Investor Relations section of Softline.com https://softline.com/investor-relations/results-presentations.
VP, Investor Relations
Softline is a leading global solutions and services provider in digital transformation and cybersecurity, with its headquarters in London. The company enables, facilitates and accelerates the digital transformation of its customers’ businesses, connecting over 150,000 organizations from all industries with over 6,000 best-in-class IT vendors, and delivering its own services and solutions. Foundation of Softline’s growth is so-called three-dimensional strategy, which includes geographic, portfolio and sales channel expansion. This strategy is supported by energetic M&A activity, so Softline is benefiting from the on-going consolidation of the industry.
Thanks to this strategy, Softline is currently one of the fastest growing companies in the sector. Softline achieved a turnover of US$ 1.8 billion in the fiscal year of 2020. In October 2021, the company conducted a primary listing on the London stock exchange. Since the end of fiscal year 2020, Softline has acquired several companies with a total annual turnover of approximately US$ 200 million. Five more acquisitions got announced in the six weeks since the start of 2022.
Softline's 8,200 employees work in almost 60 countries throughout Asia, Latin America, Eastern Europe, Middle East and Africa – markets with significant growth potential.