Press Release
- EBIT and EBITDA higher against the backdrop of enhanced efficiency
- Net cash from operating activities raised substantially owing to the healthy order intake
- Management Board affirms goals for the year
Berlin, April 30, 2008 – Beta Systems Software AG (BSS, ISIN DE0005224406)
attained earnings before tax (EBIT) of € -0.6 million in the first quarter of 2008 million
(Q1/2007: € -0.7 million), raising this figure as against the year-earlier period. The Berlin-based
software supplier achieved this positive development first and foremost by enhancing efficiency as
part of ongoing measures to improve processes in the areas of sales, development and services. As a
result, revenue costs fell 19.0% to € 8.9 million, down from € 10.9 million. Gross profit advanced
accordingly by 11.2% to € 11.2 million (Q1/2007: € 10.0 million).
Earnings before interest, tax depreciation and amortization (EBITDA) climbed to € 0.5 million
in the first quarter of 2008 (Q1/2007: € 0.2 million) and result for the fiscal period improved to
€ -0.6 million (Q1/2007: € -0.9 million).
The net cash from operating activities developed particularly well, rising by € 3.9 million,
or 46.2%, to € 12.4 million, up from € 8.5 million, owing to the healthy business situation in the
fourth quarter of 2007. As a result, long-term loans and purchase price obligations arising from
the acquisition of SI Software GmbH were fully paid from own funds at the start of the year.
Revenues in the first quarter of 2008 stood at € 20.0 million (Q1/2007: € 21.0 million), falling
only marginally short of the previous year’s quarter during which a major order for licenses of
around € 2 million was placed. Contrary to the previous year, the development of revenues in all
segments was attributable to a number of smaller and mid-size orders placed. Despite the crisis in
the international financial markets, especially in the core market of Europe, a stable demand
continues to be enjoyed in particular by the banking and insurance sectors. In the first three
months of 2008, revenues from the software products and services segments came to € 5.1 million
(Q1/2007: € 5.9 million) and € 3.0 million (Q1/2007: € 3.6 million) respectively. Maintenance
revenues of € 10.1 million held steady at the previous year’s level in the first quarter of 2008
(Q1/2007: € 10.2 million). A large number of high-end scanners was delivered as part of a project
which brought revenues from scanner hardware to € 1.9 million (Q1/2007: € 1.1 million).
Key Financial Data in Q1/2008 at a Glance
- Net cash from operating activities increases significantly by 46.2% to € 12.4 million (Q1/2007: € 8.5 million)
- EBIT advances to € -0.6 million (Q1/2007: € -0.7 million)
- Total revenues come to € 20.0 million (Q1/2007: € 21.0 million, including large order)
- License revenues post € 5.1 million (Q1/2007: € 5.9 million) and service revenues to € 3.0 million (Q1/2007: € 3.6 million)
- Maintenance revenues of € 10.1 million remain unchanged from the previous year’s level (Q1/2007: € 10.2 million)
- Project-related increase in revenues from scanner hardware to € 1.9 million (Q1/2007: €
1.1million)
Kamyar Niroumand, CEO of Beta Systems Software AG, commented as follows: “We have had a good
start to the fiscal year 2008 and have again improved on our already good results of last year
through ongoing measures to streamline processes. This is all the more noteworthy as revenues in
the first quarter of 2008 were not influenced by a repeat of a single large order. We are on the
right path to achieving our ambitious targets for EBIT margin and revenue growth in the fiscal year
2008 and affirm our positive outlook for the year.”
The full report on the first quarter of 2008 will be published on May 6, 2008.
On May 14, 2008, Beta Systems Software AG will issue invitations to its shareholders to the
Annual General Meeting of Shareholders which will take place in Berlin.
End of the press release
Beta Systems Software AG – Agility Integrated
Beta Systems Software AG Berlin (Prime Standard: BSS, ISIN DE0005224406) develops
high-profile software products and solutions for the secure and efficient processing of large data
volumes. The core businesses of Beta Systems are document processing and IT user management data
processing in data centers and compliance solutions. In addition, the Beta 4Agility suite offers
large companies new integration products to enhance their agility in IT and business processes.
These products simplify the automation of data and document processing and raise the security level
and performance of IT.
Beta Systems was founded in 1983, has been a listed company since 1997, and has a workforce
of more than 600 employees. The company’s principal place of business is Berlin. Beta Systems has
Centers of Competence in Augsburg, Cologne and Calgary, as well as 18 group companies worldwide and
cooperations with numerous partner companies. With more than 3,000 running installations, it has a
customer base of more than 1,300 major companies from the sectors of financial services and IT
service providers and industry at large in Germany, Europe and the USA.
More information on the company and its products can be found under
www.betasystems.com.
Contacts:
Company contact:
Beta Systems Software AG
Stefanie Frey
Tel.: +49 (0)30 726 118-171
Fax: +49 (0)30 726 118-800
e-mail:
stefanie.frey@betasystems.com
Agency contact:
HBI PR&MarCom GmbH
Alexandra Osmani, Alexandra Janetzko
Tel.: +49 (0)89 99 38 87-0
Fax: +49 (0)89 930 24 45
e-mail:
alexandra_osmani@hbi.de;
Alexandra_Janetzko@hbi.de
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