029 Group SE

Earnings Release • Jan 30, 2002

News Details

Ad-hoc | 30 January 2002 06:57

SAP Systems Integr. AG english

SAP SI revenue grows by 44 percent Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– SAP Systems Integration AG (SAP SI) enjoyed revenue growth of 44 percent from 186.2 million to 268.8 million euro during fiscal 2001, according to preliminary results released today. Operating profit before amortization of goodwill rose by 37 percent from 29.3 to 40.3 million euro. That corresponds to an operating profit margin of 15.0 percent. During 2001, revenue from organic growth excluding acquisitions rose from 186.2 to 244.9 million euro – an increase of 32 percent. This represents growth significantly in excess of SAP SI’s target of 22 to 27 percent, and is well above the industry average. Operating profit before amortization of goodwill from organic growth rose 43 percent from 29.3 million euro to 42.0 million euro. Here, too, SAP SI achieved its target. The operating profit margin from organic growth before amortization of goodwill was 17.2 percent. The company’s revenue also grew in the fourth quarter of 2001. At 74.9 million euro, fourth quarter revenue in 2001 was 32 percent higher than in the strong fourth quarter of 2000 (56.6 million euro). Operating profit before goodwill amortization in the fourth quarter was 12.1 million euro – five percent below the high figure achieved in the fourth quarter of 2000 (12.7 million euro). This can be accounted for by the generally poor economic conditions, the related low utilization of capacity and disproportionately high sales and marketing costs. SAP SI expects that, while business development will be modest in the first half of the year given the economic climate, the second six months of 2002 will see an upturn in demand. For fiscal 2002 the company is aiming for annual revenue growth of 15 to 20 percent and expects an operating profit margin of between 15 and 17 percent. SAP SI’s executive board is soon to have four members once again. At yesterday’s supervisory board meeting, Dr. Bernd-Michael Rumpf resigned as member of SAP SI’s supervisory board, which appointed him to the executive board of SAP SI with effect from February 1, 2002. Further information Stephan Kahlhöfer, SAP SI AG, +49 (0) 351 4811-160, investor@sap-si.com end of ad-hoc-announcement (c)DGAP 30.01.2002 ——————————————————————————– WKN: 501 111; ISIN: DE0005011118; Index: Nemax 50 Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart 300657 Jän 02