adesso SE

Earnings Release • Feb 5, 2001

News Details

Ad-hoc | 5 February 2001 08:29

Ad hoc-Service: BOV AG english

Ad-hoc announcement precessed and sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– Provisional figures for financial 2000 BOV scored Group sales of DM 54 million for financial 2000 Operational business profitable in Q4 New software products to be released at CEBIT BOV scored Group sales of DM 54 million for financial 2000 and thus fully met its targets. Continuing the favourable trend, earnings from operations show a profitable Q4. Owing to amortization on goodwill and one-time effects however, as at Dec. 31. 2000 a loss before interest and taxes of DM 4.4 million was posted. This loss is primarily the product of amortization on goodwill totaling DM 3.3 million and of the fact that BOV has implemented leaner payrolls mainly in administration in the course of integrating the new acquisitions into the Group. To cover the associated additional expenses as well as other operational risks, BOV has established one-time provisions of DM 1.9 million. Thanks to additional investments in software development that were DM 0.6 million higher than originally scheduled, BOV will not only be demonstrating its Spheon software platform for the first time at CEBIT, but also use this event to release a fully developped software application associated with knowledge management applications that is already ready for market. In order to press ahead with giving sales the focus necessary for growth in discerning market segments, BOV has resolved to give its sales organization a decentralized structure and to introduce a “Business Development” division. As a result, there will no longer be any call for the position of Management Board member Stephan Herkert, who was hitherto centrally responsible for sales and who is thus leaving the Company on mutual agreement. The acquisitions made in business 2001 as well as the structural changes we have already initiated will impact positively before the year is out. The Company anticipates an appreciable increase in sales growth in financial 2001 as well as enduringly positive earnings. BOV will present the final annual financial statements for the Group as well as additional details on the course of business in financial 2000 at its press conference in Frankfurt announcing the audited annual financial statements on March 20. end of Ad hoc-announcement, (c) DGAP 05.02.2001 ———————————————————————– WKN:549 370; Index: Listed:Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München , Stuttgart, Hannover 050829 Feb 01