Press Release
CORPORATE NEWS RELEASE
Berlin, 10 November 2006 – Beta Systems Software AG (BSS, ISIN DE 0005224406) achieved a significant year-on-year increase in earnings in the third quarter 2006, while also raising sales revenue by around 3%.
Financial Highlights for third quarter 2006
- Revenue increases by 3.4% to Euro 22.4 million (Q3 2005: Euro 21.7 million)
- Growth in the area of software licenses (5.9% year-on-year) and services (37.1% year-on-year)
- Operating result (from continuing operations) up by Euro 3.4 million to Euro -0.3 million (Q3
2005: Euro -3.7 million)
- Net income for the quarter increases to Euro 0.1 million / Euro 0.02 per share (Q3 2005: Euro -1.7 million / Euro -0.21 per share)
Comments by the CEO
"Having begun the second half of 2006 with noticeably streamlined cost structures, our main
focus is on stepping up our sales activities and delivering a sustainable improvement in
bottom-line results. The feedback received from our key accounts operating in the financial and
industrial sectors in response to our focus on this service portfolio has been particularly
encouraging, Therefore, I am delighted with third-quarter growth achieved in the all-important
license business for the first time this year, buoyed by several major contracts. Our operating
result has also developed well and is considerably higher than during the same quarter a year ago,"
said Kamyar Niroumand, CEO of Beta Systems Software AG, commenting on the results. He added: "We
have yet again invested in positioning and enhancing our sales activities in favor of the key
account category, in addition to expanding our partner business. Indeed, we are confident that this
will deliver fresh impetus for our particularly important year-end business, the aim being to
further increase license and services revenues."
Financial Highlights for first nine months 2006
- Revenue grows by 4.3% to Euro 67.7 million (9M 2005: Euro 64.9 million)
- Comparable (adjusted) operating result increases to Euro -6.3 million (9M 2005: Euro -9.4
million)
- Exceptional charges in first nine months of 2006: operating result affected by non-recurring
expenses amounting to Euro 13.0 million for cost-reduction measures as well as latest assessment of
current risk situation
- Operating result, including exceptional charges, declines to Euro -19.3 million (9M 2005:
Euro -11.3 million)
- Net result for first nine months, including exceptional charges, declines to Euro -10.8 million / Euro -1.23 per share (9M 2005: Euro 0.3 million / Euro 0.03 per share)
Key Operational Highlights
-
Gernot Sagl appointed as Chief Financial Officer: In a meeting convened on October
26, 2006, the Supervisory Board of Beta Systems Software AG appointed Gernot Sagl (37) as Chief
Financial Officer (CFO) with immediate effect.
-
New Augsburg office officially opened: New office of the Enterprise Content
Management (ECM) business segment underlines Beta Systems' commitment to this location.
-
Beta Systems User Conference successfully concluded: Beta Systems hosted a special
information and communication event, which was attended by 220 customers, industry experts and
other interested groups.
-
Second round of "Qualifications Initiative" launched: Beta Systems continued to
invest in its "Qualifications Initiative" launched in June 2006. Alongside the internal
apprenticeship program, Beta Systems also plans to take part in the Girls' Day staged in Berlin on
April 27, 2007.
- Technological innovations brought to market: Input Management solution FrontCollect integrated into the next generation of Microsoft technologies.
Hotline for Investors, Analysts, and Journalists
If you have any questions relating to the results of Q3 2006, please feel free to contact
Beta Systems' Investor Relations team: phone +49 30 726 118 -170 and -171 or e-mail
ir@betasystems.com.
The complete quarterly report is published on the internet at www.betasystems.com.
End of announcement
About Beta Systems Software AG, Berlin, Germany
Beta Systems Software AG (Prime Standard: BSS) develops high-quality software products and
solutions for the secure and efficient processing of large quantities of data, and is one of the
leading medium-sized, independent, European software solution providers in its market segment. Its
software products and solutions sup-port customers in the automation, safeguarding and traceability
of their business processes within the three core areas of document management (Enterprise Content
Management business area), user management (Identity Management business area) and information
management in data processing centres (Data Centre Infrastructure business area).
The company has been listed on the stock exchange since 1997, and currently employs around 700
staff, mainly in the competence centres of Berlin (company headquarters), Cologne, Augsburg and
Calgary. In addi-tion to this, Beta Systems is internationally active with 17 wholly-owned
subsidiaries and numerous partner companies. Among its worldwide total in excess of 1,300 customers
with over 3,000 running installations are major businesses in the fields of financial services,
industry, commerce, logistics and IT services, in Germany, Europe and the USA. For more
information, please visit
www.betasystems.com.
Contact Information
Company Contact:
Beta Systems Software AG
Arne Baßler
Corporate Communication
Tel.: +49 (0)30 726 118-170
Fax: +49 (0)30 726 118-881
E-mail:
arne.bassler@betasystems.com
Agency Contact:
HBI PR&MarCom GmbH
Alexandra Osmani,
Alexandra Janetzko
Tel.: +49 (0)89 99 38 87-0
Fax: +49 (0)89 930 24 45
E-Mail:
alexandra_osmani@hbi.de;
Alexandra_Janetzko@hbi.de
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