Hybrid Software Group PLC Annual Report 2022 23 Hybrid Software Group PLC Annual Report 2022 Hybrid Software Group Strategic report Governance Financial statements Other information 22 The economic downturn following the outbreak of war in Ukraine affected our business in 2022 after what had been a very strong start in terms of software sales. We were disappointed that total revenue fell slightly to €46.7 million in 2022 (€48.6 million in 2021) with net profit from continuing operations falling to €1.3 million (€4.9 million in 2021). We immediately took steps to manage the situation. Fortunately, we are a resilient company. Product innovation continues, and investment in R&D remains a top priority. We occupy a unique position in markets that are predicted to grow significantly. Two further strategic acquisitions in 2022 – iC3D and Quadraxis – filled gaps in our technology portfolio and strengthened our product range in both packaging and additive manufacturing. We have broadened our potential customer reach by offering successful products for all digital printing applications. KEY FIGURES (continuing operations) COMPANY STRATEGIC REPORT Image courtesy of Meteor Total revenue (thousand euros) G&A Sales, Maintenance & Support R&D 102 146 41 Sta numbers as at 31st December 2022 0 10,000 20,000 30,000 40,000 50,000 46,693 48,562 2022 2021 0 1,000 2,000 3,000 4,000 5,000 48,562 2022 2021 4,914 1,300 Net profit from continuing operations (thousand euros) 2022 2021 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 10,895 12,211 EBITDA* (thousand euros) * For the EBITDA calculation see page 31
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