GBS Software AG — Earnings Release 2001

Jul 18, 2001

News Details

Ad-hoc | 18 July 2001 08:30

GROUP Technologies AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– GROUP Technologies firmly on course for more growth – sales up by 55 percent, EBIT by 272 percent Sales target expectations surpassed EBIT higher than planned Karlsruhe, July 18, 2001 – GROUP Technologies AG, a provider of innovative solutions for e-security and e-organization, has recorded yet another successful quarter. Sales rose by 55 percent to DEM 7,266,000 in the second quarter of 2001 compared to DEM 4,695,000 in the same period of the year 2000; EBIT were up 272 percent to DEM 302,000 (against a loss of DEM 176,000 last year). Earnings per share stood at 0.10 DEM at the close of the second quarter (against a loss of DEM 0,03 last year). As a result, GROUP Technologies AG, having notched up DEM 17.8 million in sales and an EBIT of around DEM 1.8 million for the year 2001, has underlined its sales and earnings forecasts. In terms of partnerships, a groundbreaking agreement has been signed in the second quarter. In Command Software Systems Inc., USA, a partner has been found who will pave the way for success on this key market and is a worthy asset. They will be offering hundreds of clients software produced by GROUP Technologies in place of their own software. Once again, the company has been able to add renowned customers to its growing list of clientele, among them being Toshiba America Consumer Products (USA), “The Coca-Cola Company” (Brazil) and Goldschmidt AG. Details in DEM ‘000 30.06.01 30.06.00 DEM ‘000 DEM ‘000 Sales revenue 7,266 4,695 EBITDA 493 8 EBIT 302 -176 EBT 811 -235 DVFA/SG earnings 740 -240 earnings per share (in DEM) 0.10 -0.30 No.of employees at end of Q1 78 52 end of ad hoc announcement (c) DGAP 18.07.2001 ——————————————————————————– WKN: 555 611; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Stuttgart, München, Berlin, Bremen, Hamburg, Hannover, Düsseldorf 180830 Jul 01