B+S Banksysteme AG — Earnings Release 2002

Apr 23, 2002

News Details

Ad-hoc | 23 April 2002 13:29

DataDesign AG english

DataDesign AG Breaks Even in Q1 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– DataDesign AG Breaks Even in Q1 .EBT break even, EBITDA in the positive zone .EBITDA of pro forma Group (DD AG & Brokat E-Finance) also in the positive zone .Integration of Brokat E-Finance proceeding according to plan DataDesign AG succeeded in carrying the positive trend of the past quarter over into the first quarter of 2002. An optimization campaign launched in 2001 played a decisive role in this performance. Whereas the company had reported a loss of 1.3 million euros in Q1/01, performance improved to the break-even point with EBT (earnings before taxes) amounting to 1,000 euros. EBITDA (earnings before taxes, interest, depreciation and amortization) increased accordingly to 0.14 million euros in Q1/02 from a loss of 1.2 million euros in Q1/01. First quarter sales revenue came to 2.7 million euros. Though this figure is commensurate with that of the previous year, it was achieved by 110 employees on average (previous year 160), amounting to a significant rise in productivity (+31%).Burdened by the costs of integrating Brokat E-Finance, Group EBT (the consolidated result of DataDesign AG and Stuttgart DataDesign GmbH, formerly Brokat E-Finance) came to negative 0.17 million euros, falling just short of the break-even mark. However, at 0.046 million euros consolidated EBITDA edged into the positive zone. Consolidated sales revenues came to 4.2 million in Q1/02, up by 56 % from DataDesign AG’s performance in the previous year’s reporting period. The company achieved foreign sales for the first time in the amount of 0.3 million euros, accounting for some 7 % of overall sales revenue.The consolidated gross margin increased to 1.6 million euros, up 90 % from the previous year’s figure. The Group’s license sales increased by some 617% from 0.19 million euros in Q1/01 to 1.4 million euros in Q1/02. The company’s liquidity was up 70% from Q1/01 and up 130% from Q4/01. Liquidity amounted to 4.6 million euros at the close of Q1/02, compared with 2.7 million euros in Q1/01 and 2.0 million euros in Q4/01. All figures are preliminary. The final quarterly report will be published at the end of May. end of ad-hoc-announcement (c)DGAP 23.04.2002 ——————————————————————————– WKN: 552 710; ISIN: DE0005527105; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Hannover und Stuttgart 231329 Apr 02