KPS AG — Earnings Release 2005

Jun 10, 2005

News Details

Ad-hoc | 10 June 2005 20:07

HAITEC AG reporting first-half figures (October 1, 2004 – March 31

Ad hoc announcement §15 WpHG First half year figures HAITEC AG reporting first-half figures (October 1, 2004 – March 31 Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— In the first half (October 1, 2004 – March 31, 2005) of its current fiscal year (October 1, 2004 – September 30, 2005), HAITEC AG, Munich, again exceeded its own forecasts. In the first half of its fiscal year, the HAITEC Group reduced its headcount by an average of 41 employees compared with the first half of fiscal 2003/2004. At EUR 7.91 million, consolidated revenues remained more or less stable (down 0.5% on the year-ago period). Gross profit in the period under review came to EUR 4.41 million, thus exceeding forecasts by 12.6 %. The greater-than-expected increase in gross profit is attributable to the higher proportion of services (60%). Staff costs contracted by 23.2% from EUR 3.58 million in the year-ago period to EUR 2.75 million. Follow-up restructuring charges were valued at EUR 0.546 million in the first half of the year. EBIT adjusted for follow-up restructuring charges came to EUR 0.105 million. In non-adjusted terms, this translated into a loss at the EBIT level of EUR 0.441 million. Accordingly, the Company exceeded its own guidance by EUR 0.081 million. All told, consolidated EBIT improved by over EUR 0.665 million or 60.1 % over the year-ago period. All figures quoted in this bulletin are provisional IAS/IFRS consolidated figures. The main consolidated figures (preliminary) in detail (1st half of fiscal 2004/2005 from October 1, 2004 until March 31, 2005, adjusted for follow-up restructuring charges): Revenues EUR 7.909 million Gross profit EUR 4.413 million EBIT EUR 0.105 million Headcount as of March 31, 2005 74 Number of shares as of March 31, 2005 6.364.410 The main consolidated figures (preliminary) in detail (1st half of fiscal 2004/2005 from October 1, 2004 until March 31, 2005, non-adjusted): Revenues EUR 7.909 million Gross profit EUR 4.413 million EBIT loss EUR – 0.441 million Headcount as of March 31, 2005 74 Number of shares as of March 31, 2005 6,364,410 The final first-half report will be available as of the 24th week of 2005 at HAITECT AG’s website at http://www.haitec.de. End of the adhoc bulletin. HAITEC AG Munich, June 10, 2005 HAITEC AG Alois-Wolfmüller-Straße 8 80939 München Deutschland ISIN: DE0006005200; DE000A0AYX72 WKN: 600520; A0AYX7 Listed: Geregelter Markt in Frankfurt (General Standard); Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, München und Stuttgart End of ad hoc announcement (c)DGAP 10.06.2005 Issuer’s information/explanatory remarks concerning this ad hoc announcement: Notes: The consolidated figures reported by HAITEC AG, Munich for the first half of 2004/2005 confirm the success of the restructuring strategy adopted by the Company. On a particularly encouraging note, the proportion of services in total revenues has already widened to 60%. The fact that both gross profit and EBIT substantially exceeded the Company’s own guidance highlights the positive effects that the changed corporate structures are already unleashing in the early stage of the turnaround. In this connection, it must be remembered that exceptionals far in excess of EUR 0.5 million had to be digested. Order receipts and order books reflect the continued bright outlook for the Company. Existing capacity is booked out in excess of forecasts on a sustained basis. This adhoc bulletin together with the notes is available at http://www.haitec.de. HAITEC AG End of message (c)DGAP 102007 Jun 05