PIERER Mobility AG

Earnings Release • Dec 11, 2013

publication: 11.12.2013 07:45 source: http://adhoc.pressetext.com/news/1386744300467 keywords: BRAIN FORCE HOLDING AG / Preliminary results / Financial year 2012/13

Adhoc announcement according to article 48d section 1 BörseG

Brain Force Holding AG: BRAIN FORCE on the upswing - Record result in fiscal year 2012/13

Vienna (pta006/11.12.2013/07:45) - BRAIN FORCE on the upswing - Record result in fiscal year 2012/13

Preliminary results:

• * Revenues grow to Eur 88.4 million (+16%)
• * Result before tax: Eur 4 million
• * Free cash-flow: Eur 11.2 million
• * Strengthening of equity base to Eur 19.23 million

Growth of revenues to Eur 88.4 million (+16%)

The Group's revenues in fiscal year 2012/13 increased by Eur 12.37 million or 16% to Eur 88.38 million, whereby all regions reported a growth. Germany, the region with the highest sales, increased revenues by 21% to Eur 48.01 million, Italy - despite a furtheron difficult economic environment - increased by 5% to Eur 23.66 million. In the Netherlands revenues rose by 27% to Eur 13.41 million, in Central-Eastern Europe revenues increased by 3% to Eur 3.30 million.

Compared to previous year the Group's EBITDA increased by Eur 2.46 million to Eur 4,52 million and the Group's EBIT increased by Eur 2.67 million to Eur 2,87 million.

Result before tax: Eur 4 million ( Eur - 2.2 million in the previous year)

In addition to the operational growth the sale of shares of SolveDirect Service Management GmbH increased the Group's result considerably. The Group's result before tax rose to Eur 3.98 million after a negative result of Eur -2.21 million in the previous year.

Free Cash flow: Eur 11.2 million

The cash flow improved considerably due to the increased results and the sale of the shareholding. In fiscal year 2012/13 the free cash flow amounted to Eur 11.24 million, whereby financial liabilities in the amount of Eur 10.87 million could be liquidated. At balance sheet date 30 September 2013 the Group's net cash (cash less financial liabilities) amounted to Eur 5.23 million, after a net debt in the amount of Eur 5.98 million in the previous year.

Strengthening of equity base to Eur 19.23 million (45% equity ratio)

"The exceedingly positive development of results in all regions and the strengthening of the balance sheet structure, in particular from the preliminary redemption of the loan in the amount of Eur 10 million and the increase of the equity ratio to 45 % spread a positive mood for fiscal year 2013/14", concludes CEO Michael Hofer.

Earnings data		10/2012-9/2013	10/2011-09/2012	Chg. in %
Revenues	Eur million	88,38	76,01	16
EBITDA	Eur million	4,52	2,06	>100
Operating EBITDA 1)	Eur million	4,52	2,74	65
EBIT	Eur million	2,87	0,11	>100

Operating EBIT 1)	Eur million	2,87	0,79	>100
Result before tax	Eur million	3,98	-2,21	>100
Result after tax	Eur million	2,67	-2,13	>100
Balance sheet data		30.09.2013	30.09.2012	Chg. in %
Equity	Eur million	19,23	16,61	16
Equity ratio	in %	45	36	-
Net debt	Eur million	5,23	-5,98	>100
Employees		784	752	4
(average)

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* 1) Previous year adjusted for restructuring costs in the amount of Eur 0.68 million

emitter:	Brain Force Holding AG Am Hof 4 1010 Wien Austria
contact person:	Mag. Hannes Griesser
phone:	+43 1 263 09 09 0
e-mail:	InvestorRelations@brainforce.com
website:	www.brainforce.com
ISIN(s):	AT0000820659 (share)
stock exchanges:	official trade in Vienna; open market (free market) in Frankfurt

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