CPU Softwarehouse — Earnings Release 2001

Nov 9, 2001

News Details

Ad-hoc | 9 November 2001 08:00

CPU Softwarehouse AG english

CPU AG with significantly improved turnover and operating result Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Ad-hoc Report CPU Softwarehouse AG with significantly improved turnover and operating result in the first three quarters 2001 Augsburg, November 9th 2001 As in the first six months of this year, CPU Softwarehouse AG has also achieved its estimated nine-monthly figures. Compared to the same period of the previous year, the Corporate Group operating result (EBITDASO) rose from minus 29.2 mill. DM to minus 7.9 mill. DM, this being an improvement of 21.3 mill. DM or almost 75%. A significant increase in turnover was also recorded. At just over 18.0 mill. DM, this is roughly 26% above last year’s value of 14.3 mill. DM. The restructuring programme, introduced in August of last year, has now been completed. The measures taken have again been reflected positively in the quarterly figures. The success of the rationalisation process is demonstrated particularly well by the turnover per head, which is more than twice that of last year. The liquidity requirement also developed as planned. As in the two previous quarters, the monthly cash burn rate (cash flow from operating business) averaged around 0.8 mill. DM, this being clearly below that of the same period in 2000 (3.0 mill. DM). The company continues to have high liquidity reserves at its disposal. Despite the increasingly difficult market situation, the CPU management has managed to re-create a stable and promising foundation for the Corporate Group. CPU products and services are specifically targeted towards the optimisation of business processes in the investment and credit business. They mobilise significant efficiency potential at the customer end and are therefore a strong success factor in the current, almost crisis-like development. Due to the sometimes quite rigorous cost-reducing measures, from which the financial sector has not been spared, CPU Softwarehouse AG is aiming for further lasting consolidation of its operating result, with moderate growth, and confirms its target to break even in mid-2002. IR Contact: Joachim Bertele / Tel.: 0821/4602-188 / E-Mail: investor@cpu-ag.com end of ad-hoc-announcement (c)DGAP 09.11.2001 ——————————————————————————– WKN: 545430; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 090800 Nov 01