029 Group SE

Earnings Release • May 2, 2001

News Details

Ad-hoc | 2 May 2001 07:31

Ad hoc-Service: SAP Systems Integr. AG english

Ad hoc announcement transmitted by DGAP. The issuer has the sole responsibility of this announcement. ——————————————————————————– SAP SI achieves record quarterly revenues of over EUR 60 million SAP Systems Integration AG continued its positive development during the first quarter of 2001. Bucking the general trend within the industry sector, the extremely good quarterly revenues recorded during Q4 2000 (EUR 56.6 million) climbed even further to EUR 60.1 million. Compared with Q1 2000, which was weak due to the conclusion of Y2K projects, revenues increased by 65.1%. Around 90% (EUR 54.1 million) of revenues in Q1 2001 was accounted for by the segment Consulting & Project Management, 8% (EUR 4.7 million) by Outsourcing & Application Services and 2% (EUR 1.3 million) by the Product segment. At EUR 8.8 million, the operating profit before goodwill amortization was more than double that of the same quarter in the previous year (EUR 3.4 million). SAP SI thus recorded an operating profit margin of almost 15%. The consolidated net income was EUR -5.7 million, compared with EUR -9.3 million for the same period in the previous year. This results in earnings per share before goodwill amortization of EUR 0.16 (2000: EUR 0.06), and of EUR -0.16 (2000: EUR -0.26) after goodwill amortization. The workforce increased by 23% to 1,389 people. Financial statements as contained in this quarterly report have been prepared “pro forma” and according to US GAAP, and include SAP SI’s subsidiaries in Switzerland and the USA. The complete quarterly report is available by download on May 2, 2001 after 8 am: http://www.sap-si.com/English/Investor_Relations/Downloads/. Additional information: Stephan Kahlhöfer E-mail: investor@sap-si.com Telephone: +49 – (0)351 – 4811-160 SAP Systems Integration AG St. Petersburger Str. 9, 01069 Dresden Germany www.sap-si.com end of ad hoc announcement, (c) DGAP 02.05.2001 ——————————————————————————– WKN: 501 111; Index: Nemax 50 Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart 020731 Mai 01