NorCom Information Technolgoy GmbH & Co. KGaA

Earnings Release • Mar 19, 2007

News Details

Ad-hoc | 19 March 2007 10:22

NorCom Information Technology AG: Preliminary Figures for Fiscal Year 2006

NorCom Information Technology AG / Preliminary Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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NorCom announcing preliminary figures for fiscal 2006

• Sharp rise in revenues in the fourth quarter
• Consolidated full-year revenues of around € 29.9 million in fiscal year
  2006 substantially above the forecast corridor
• EBITDA approx. € 2.6 million and EBIT approx. € 1.8 million
• Net income for the year around € 2.5 million (+150 percent up on the
  previous year)

Munich, March 19, 2007 - NorCom Information Technology AG has today
released its preliminary figures for fiscal 2006. According to these
figures, consolidated revenues came to around € 29.9 million, an increase
of around 20 percent over the previous year (€ 24.7 million). Consequently,
the revenue growth target of around 10 percent for the year as a whole was
substantially exceeded.

At around € 2.5 million and, thus, around 150 percent up on the previous
year (€ 1.0 million), consolidated net income for the year was extremely
encouraging.

In the fourth quarter in particular, NorCom achieved a further substantial
increase in revenues due primarily to two decisive factors. For one thing,
the NCPower multimedia production system was launched successfully on the
Eastern European market and, for another, license contracts with a total of
four tax authorities were signed.

NorCom is operating at a profit in fiscal year 2006: According to
preliminary calculations, earnings before interest, tax, depreciation and
amortization (EBITDA) came to around € 2.6 million (previous year: € 3.2
million). Earnings before interest and tax (EBIT) of around € 1.8 million
(previous year: € 2.7 million) are expected. The decline in operating
profit was primarily due the Group’s new positioning and the expenses in
the product segment, especially in sales & marketing and research &
development.

With these results, the Management Board is able to look back on a very
successful business year, which also provides incentive to step up the pace
of the Company’s dynamic growth. In particular, the structural changes
aimed at intensifying market activities in the areas of scalable and
high-margin media products, extensions to global distribution activities
and successful customer base diversification in the consulting segment made
a key contribution in 2006 to boosting sales and also achieving
substantially improved net income for the year.

The final consolidated figures for 2006 will be released at the end of
March.

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Information and Explaination of the Issuer to this News:

NorCom Information Technology AG (DE000525 0302)

NorCom AG is listed in Deutsche Börse AG’s General Standard.

NorCom AG’s current business model rests on three pillars:

Consulting - this entails a wide range of services including conventional
management consulting, business process analysis and efficiency enhancement
as well as network integration and security.

Software Projects – this includes the optimum integration of existing
applications in compliance with the highest possible security requirements.
The main focus here is on implementing consistent software architecture.

Media Products - this primarily comprises NCPower - a planning, production
and newsroom system for handling all multimedia content and including an
extensive archiving function. As well as this, NCPower features an
integrated research system for retrieving all the data required in a
newsroom.

NorCom Information Technology AG, Stefan-George-Ring 23, 81929 Munich
Stefanie Zimmermann – Investor Relations
Tel +49 – 89 – 93948-248
Fax +49 – 89 – 93948-111
mailto:aktie@norcom.de

DGAP 19.03.2007

Language: English
Issuer: NorCom Information Technology AG
Stefan-George-Ring 23
81929 München Deutschland
Phone: +49 (0)89 93948-248
Fax: +49 (0)89 93948-111
E-mail: aktie@norcom.de
www: www.norcom.de
ISIN: DE0005250302
WKN: 525030
Indices:
Listed: Geregelter Markt in Frankfurt (General Standard); Freiverkehr
in Berlin-Bremen, Düsseldorf, Stuttgart, München, Hamburg

End of News DGAP News-Service

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