B+S Banksysteme AG — Earnings Release 2001

Apr 25, 2001

News Details

Ad-hoc | 25 April 2001 08:34

Ad hoc-Service: DataDesign AG english

Ad hoc announcement transmitted by DGAP. The issuer has the sole responsibility of this announcement. ——————————————————————————– – 38% increase in Q1 revenues over previous year – Optimization program carried out – Considerable volume of incoming orders and order backlog Munich – With sales revenues amounting to 5.2 million DM in the first quarter of 2001, DataDesign AG was able to better last year’s performance by 38% in spite of reducing staff from 183 to 149 employees. License and service revenues increased from 2.2 million DM to 4.6 million DM, which spells even steeper growth of 113%. Even in the face of one-off costs in the amount of some 1.3 million DM that the company incurred for optimization measures, the quarterly result improved from negative 4.1 million DM in the previous year to negative 2.6 million DM this year. Cost reduction measures were implemented in the first quarter. These will have a significant effect on future performance, particularly during the second quarter. By the end of the year, these measures are expected to yield savings in the amount of 5.3 million DM. Incoming orders for the first quarter tallied to 7.4 million DM, yet again topping previous years’ figures. The backlog of orders currently amounts to 7.5 million DM. end of ad hoc announcement, (c) DGAP 25.04.2001 ——————————————————————————– WKN: 552 710; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Hannover und Stuttgart 250834 Apr 01