Plenum AG

Earnings Release • Mar 27, 2007

News Details

Ad-hoc | 27 March 2007 08:19

plenum AG: 2006 Financial Results confirm Refocusing on Consulting

plenum 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.

---

plenum AG: 2006 Financial Results confirm Refocusing on Consulting

• Revenues of EUR 26.5 million above plan
• EBIT increased by EUR 2.4 million to only minus EUR 0.9 million (PY:
  minus EUR 3.4 million)
• 26% growth versus 2005 in the Consulting segment
• Positive earnings expected in 2007

Wiesbaden, March 27, 2007- plenum AG (Prime Standard, ISIN DE 0006901002)
is a management consulting firm specialized in strategic solutions with a
distinct focus on IT for banks, insurance and utility companies, and
supplemented by the communications business acquired in 2000.

Based on preliminary figures, plenum AG exceeded the announced forecast of
EUR 25.0 million with revenues of EUR 26.5 million (PY: EUR 27.5 million)
in 2006. The result (EBIT) of minus EUR 0.9 million (PY: EUR minus 3.4
million) proved to be better than the planned EBIT of minus EUR 1.0
million. The group net loss even climbed to minus EUR 0.1 million (PY:
minus EUR 3.3 million) as a result of positive tax effects. The basic
earnings per share amounted to minus EUR 0.02 (PY: minus EUR 0.33).

The Refocusing Strategy implemented in 2004 was successfully concluded in
2006. The Consulting business has been focussed on strategic consulting
disciplines; the Communications business has been positioned under own
brands; and administration staff has been downsized by about 42%.
Consequently, the high-margin Consulting business grew by 26% from EUR 9.4
million to EUR 11.8 million year-on-year.

The relatively low-margin software-technical Implementation business still
represented only EUR 4.4 million in 2006 of total revenues reported by
plenum (PY: EUR 9.0 million). This positive development is also depicted in
the development of gross profit, which almost doubled at 17% (PY: 9%).

We anticipate further growth of about 20% in 2007 in both the Consulting
and Communications segments, which will completely compensate the absence
of revenues from the Software-Implementation business. We estimate total
revenues to amount to EUR 26.5 million. Earnings are expected to rise by
about EUR 1.4 million resulting in an EBIT of EUR 0.5 million. Starting in
2008 we assume average growth of 10% and an incremental increase in the
EBIT margin to 12%.

The company's consolidated financial statements for the fiscal year ending
on December 1, 2006 will be published on April 24, 2007 and can be
downloaded at www.plenum.de or requested from:

plenum AG
Investor Relations
Hagenauer Str. 53
65203 Wiesbaden
Tel.: +49 (0)611-9882-0
Fax: +49 (0)611-9882-496
Email: aktie@plenum.de
Internet: www.plenum.de

Investor Relations
FINREL GmbH – financial relations -
Stefan Bülling
Barnerstr. 14
22765 Hamburg
Tel.: +49 (0)40-39834-641
Fax: +49 (0)40-39834-649
Email: info@finrel.de
Internet: www.finrel.de

Information and Explanations for this Ad-hoc Announcement by the Issuers:
This announcement contains future-oriented statements that are based on
current expectations, estimates, predictions, and forecasts as well as on
the assessments and assumptions of the management of plenum AG. Such
statements include statements about plans, strategies, and outlooks. Words
such as 'expect', 'most likely', 'preliminary' and similar expressions
identify such future-orientated statements. These statements are not
guarantees of future results and contain risks, uncertainties, and
assumptions that are in part very difficult to foresee. Therefore, the
actual consequences and results could deviate considerably from what has
been stated in the future-orientated statements.

DGAP 27.03.2007

Language: English
Issuer: plenum AG
Hagenauer Straße 53
65203 Wiesbaden Deutschland
Phone: +49 (0)611 9882-361
Fax: +49 (0)611 9882-496
E-mail: aktie@plenum.de
www: www.plenum.de
ISIN: DE0006901002
WKN: 690100
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin-Bremen, München, Hamburg, Düsseldorf

End of News DGAP News-Service

---