Esker 2020 Half-Year Results
Summary
In Q2, the COVID-19-driven economic slowdown strongly impacted the variable share of the company’s sales revenue that depends on the level of customer activity on its platforms. Depending on the global pandemic evolution and any protective measures taken by governments, Esker expects 2020 growth close to 9% (excluding currency fluctuations), with stable profitability compared to 2019. The lifting of protective measures in the world’s major economies and the enhanced relevance of Eskers cloud-based solutions during a pandemic should also result in an increase in signed contracts in the second half of 2020 and the start of the 2021 fiscal year. Used by more than 6,000 companies worldwide, Esker’s solutions incorporate technologies like artificial intelligence (AI) to drive increased productivity, enhanced visibility, reduced fraud risk, and improved collaboration with customers, suppliers and internally. Jean-Michel Bérard, CEO and President of the Board of Directors, and Emmanuel Olivier, COO, will host a webinar to review the company’s half-year results on September 10, at 7 p.m. central European time.
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