Peachtree 2009 Annual Report Download - page 14

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Mainland Euro
p
e
p
•Total revenues flat in difficult market
conditions
–Particularly from Q2 onwards
Oi dlif3%
£519m £521m
£269m £275m
•
O
rgan
i
c revenue
d
ec
li
ne o
f
3%
–Subscription +5%
–Software and software-related services -13%
–
France resilient at 2% organic contraction
–Spain contracted 7% on an organic basis after
exceptional growth last year
G b t ith fl t
22%
21%
37%
margin
37%
margin
–
G
ermany ro
b
us
t
w
ith
fl
a
t
revenue
•EBITA margin 21% (FY08: 22%)
Margin pre
restructuring costs was 22%
22%
margin
21%
margin
–
Margin
pre
-
restructuring
costs
was
22%
Revenue EBIT
A
14
At constant exchange rates