Press Release
CORPORATE NEWS RELEASE
AD-HOC RELEASE PURSUANT TO SECTION 15 of the GERMAN SECURITIES TRADING ACT (WpHG)
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According to the provisional figures, EBIT has climbed significantly to € 5.8 million
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High-margin license and services businesses grow by around 6.9 % and 15.9 % respectively
- Positive outlook for 2008, with healthy order book
Berlin, February 25, 2008 – Pending the final audit of its financial statements,
Beta Systems Software AG (BSS, ISIN DE0005224406) achieved an significant improvement in its
results in the fiscal year 2007. Provisional calculations show that EBIT has risen to € 5.8 million
(2006: € -15.6 million)). This makes it the best result achieved by the Berlin-based software
supplier since the company’s IPO and confirms the sound turnaround already achieved in the first
six months of 2007.
According to provisional figures, revenues generated by the license and services segments
climbed 6.9% to € 29.0 million (2006: € 27.1 million) and 15.9% to € 14.6 million (2006: € 12.6
million) respectively. Total revenues declined to € 88.7 million owing to the scheduled downsizing
of the hardware business (2006: € 96.6 million). The trend reversal at Beta Systems is attributable
to the consistent implementation of measures to streamline sales, the optimization of the cost
structure and concentration on the company’s core business.
Provisional financial key data for the fiscal year 2007
- Increase in the operating result (EBIT) to € 5.8 million (2006: € -15.6 million)
- Growth in license revenues of 6.9% to € 29.0 million (2006: € 27.1 million)
- Increase in service revenues 15.9% to € 14.6 million (2006: € 12.6 million)
- As planned, decline in total revenues to € 88.7 million (2006: € 96.6 million)
Provisional financial key data for the fourth quarter of 2007
- Increase in operating result (EBIT) up by 37.2% to € 5.1 million (Q4/2006: € 3.7 million)
- License revenues up by 2.7% to € 12.5 million (Q4/2006: € 12.2 million)
- Service revenues up 17.2% to € 3.8 million (Q4/2006: € 3.3 million)
- Marginal decline in total revenues to € 27.5 million (Q4/2006: € 28.9 million)
Outlook for the fiscal year 2008
Based on the consistently good order intake, the Management Board anticipates profitable
growth in all three business segments and, accordingly, another improvement in the result in fiscal
2008. With a marginal increase in sales, management is expecting the EBIT margin to grow in the
upper single-digit range. The Berlin-based software supplier intends to ensure a sustained
improvement in results through expanding its software license and services business lines,
reinforcing its market position in the financial services sector and through servicing large
customers, as well as bolstering its global partner business. Above all, the ongoing implementation
of the Beta4Agility product and sales strategy is set to play a major role this year which marks
the company’s 25th anniversary. The audited Annual Results for fiscal year 2007 will be announced
on March 20, 2008.
End of the ad-hoc release
Information and explanations from the issuer of this ad-hoc release:
“In 2007, we clearly achieved our goals and have thus built a sound basis for profitable
growth in the new financial year”, commented Kamyar Niromand, CEO of Beta Systems Software AG. He
added that “the license business will remain our most important economic engine in 2008 as well. In
order to achieve the improvement in results envisaged, we will concentrate on our core business in
our sales and, alongside tried-and-tested solutions, will be offering our key customers new
innovative products to assist them in getting more control over their increasingly complex IT
tasks. At the same time, we are anticipating improvements in efficiency and productivity and an
enhancement of our internal processes to support us in achieving a sustained increase in the level
of our margin.
Beta Systems Software AG Berlin (Prime Standard: BSS, ISIN DE0005224406) develops high-profile software products and solutions for the secure and efficient processing of large data volumes. The core businesses of Beta Systems are document processing as well as IT user management data processing in data centers and compliance solutions. In addition, the Beta 4Agility suite offers large companies new integration products to enhance their agility in IT and business processes. These products serve to simplify the automation of data and document processing and enhance the security and performance of IT.
Beta Systems was founded in 1983, has been a listed company since 1997, and has a workforce of more than 600 employees. The company’s principal place of business is Berlin. Beta Systems has Centers of Competence in Augsburg, Cologne and Calgary, as well as 17 subsidiaries worldwide and cooperations with numerous partner companies. With more than 3,000 running installations, it has a customer base of more than 1,300 major companies from the sectors of financial services and IT service providers and industry at large in Germany, Europe and the USA.
More information on the company and its products can be found under www.betasystems.com.
Contacts:
Company contact:
Beta Systems Software AG
Stefanie Frey
Tel.: +49 (0)30 726 118-171
Fax: +49 (0)30 726 118-800
E-Mail:
stefanie.frey@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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