B+S Banksysteme AG — Earnings Release 2002

Jul 15, 2002

News Details

Ad-hoc | 15 July 2002 18:29

DataDesign AG english

DataDesign AG Responds to the Weak Market Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– DataDesign AG Responds to the Weak Market Liquidity up EBT for the first semester 02 up 42% from last year Fixed costs down Munich – DataDesign AG’s sales revenues were up by a good 30 percent from 5.4 million Euro in the first semester of last year to approximately 7 million Euro (preliminary figure) in the first six months of 2002. License revenues surged by 504 percent from 0.3 million to 2.1 million Euro in the same period. For the first time, the company notched up foreign sales tallying to 0.7 million Euro in the first two quarters. Gross margin also climbed by 60 percent in the same period from some 0.7 million Euro to 1.9 million Euro . EBT improved by 42 percent from negative 3.4 million Euro to negative 1.9 million Euro . EBITDA climbed by approximately 2 million Euro to negative 1.3 million Euro , a 57 percent increase from last year’s reporting period. Though the Group turned in a negative second quarter result with sales revenues amounting to 2.8 million Euro and EBT to negative1.8 million Euro , it topped second quarter 2001 performance by 0.3 million Euro. The enterprise’s cash position improved by some 33 percent to approximately 2.5 million Euro in the first half of 2002 compared with the same period last year. The software company’s liquidity rose by roughly 22 percent to over 4.2 million Euro in the same period. The IT industry traditionally sees a weak second quarter, customers deferred orders to the second semester, and the company incurred extraordinary expense in the amount of approximately 0.54 million Euro . These factors deterred DataDesign from repeating in Q2 the success of the last two quarters. DataDesign committed roughly 3.1 million Euro to the development of new products over the last 18 months, expecting this investment to provide new impetus in the target market. DataDesign can currently point to outstanding offers worth 12 million Euro and it has tendered bids worth 30 million Euro . This is the highest amount in enterprise history. In view of the market’s lingering slump, DataDesign will initiate further measures to cut costs significantly. Last year the company had already launched a program that engendered 4.3 million Euro in annual savings. end of ad-hoc-announcement (c)DGAP 15.07.2002 ——————————————————————————– WKN: 552 710; ISIN: DE0005527105; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Hannover und Stuttgart 151829 Jul 02