KPS AG — Earnings Release 2000

May 15, 2000

News Details

Ad-hoc | 15 May 2000 10:05

Ad hoc-Service: HAITEC AG 1. Quarter Results

Ad-hoc Mitteilung übermittelt durch die DGAP. Für den Inhalt der Mitteilung ist allein der Emittent verantwortlich. —————————————————————————— HAITEC Group Sees Significant 1st Quarter Growth – Revenues grow by 84% / operating result improves by 10% / DVFA net earnings per share increase by 30% / 60% rise in incoming orders / successful personnel recruitment campaign / greatest growth in service revenue Munich-based IT service provider HAITEC AG, whose shares (600 520) are traded on the Neuen Markt, announced today the final figures for the company’s performance during the first quarter of this fiscal year. On March 31, 2000, the enterprise concluded the to date most successful first quarter of its history, fully satisfying its expectations for business development. Revenues rose to 19.84 million euros (38.79 million DM), an increase of 84% over the same period of the previous year. Group revenues from services rendered amounted to 5.50 million euros (10.75 million DM), thus accounting for 27% of total turnover. Within the Group, HAITEC AG accounted for the largest share of this figure. Its revenue from high-value services, particularly from training and consulting, roughly tripled over the previous year’s figure. As is commonplace throughout the industry, the operating result and net income show a deficit after the first three months of the year. Nevertheless, despite considerable investments in personnel and goods, compared to the previous year earnings before taxes and interest (EBIT) increased right on target with business planning by 10% to – 1.98 million euros (- 3.87 million DM). Even more auspicious were developments in the net income (loss) category, which improved by 28% to – 1.34 million euros (- 2.62 million DM). Consequently, DVFA net earnings per share improved by 30% to – 0.38 euros (- 0.75 DM). At roughly 20.2 million euros (39.5 million DM), incoming orders increased by 61% over 1999’s first quarter figure. Further contract closings are imminent. As at March 31, 2000, HAITEC employed 491 (previous year: 154) personnel, thus more than tripling its human resources within twelve months time. Commenting on the outlook for 2000, Axel Feldhoff, CEO of HAITEC, notes, “The tide has turned in the IT market sooner than the industry expected. Beyond that, we’re set to sign strategically significant agreements where services account for a significant share of contractual obligations. I am very confident that this extremely dynamic development of high-value services will continue and that we will achieve our ambitious growth targets for 2000?to grow revenues by over 60% to approximately 102 million euros (200 million DM) and to increase earnings to some 2.6 million euros (5 million DM).” The complete quarterly report is available for download at http://www.haitec.de. Contact: Claus Seifert, Investor Relations HAITEC AG T: ++49-89-211184-36 F: ++49-89-211184-40 E: seifert@cmc-ag.de Ende der Mitteilung