Beta Systems Software AG

Beta Systems affirms turnaround and raises profitability

- By the end of nine months already significant increase in the result: Significant improvement in EBIT and EBITDA margins - ECM segment delivers positive result -------------------------------------------------------------------------------- ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- stock market/Quarterly results Berlin (euro adhoc) - Berlin, November 9, 2007 - The first nine months of 2007 have reinforced the stable uptrend of Beta Systems Software AG. The Berlin-based software supplier affirmed its turnaround in the third quarter as well and raised after nine months its result significantly to EUR 0.7 million, up from EUR-19.3 million. (EBIT, which is the equivalent of the Operating result from continuing operations, including Other income). EBITDA stood at EUR 3.4 million (Q1-Q3/2006: EUR -15.9 million) and the EBITDA margin came to 5.5% (Q1-Q3/2006: negative). In the period under review and despite the lower volume of sales seasonally typical of the summer months in the third quarter, the profitable license business and the services business continued to post growth rates of 10% and 15% respectively. Moreover, the cost cutting measures, combined with the focus on core activities of the previous year, bore fruit, with the result that, by the end of the first nine months of 2007, operating expenses had been slashed by 29.0%, down from EUR 44.6 million to EUR 31.7 million. Most gratifying was the result of the ECM segment which came to a clearly positive EUR 1.3 million (Q1-Q3/2006: EUR -9.0 million). These measures were reinforced by the "Beta 4Agility" program initiated at mid-year and aimed at enhancing product innovation and sales. Key financial data in the first nine months of 2007 - Significant increase in the operating result (EBIT, including Other income) to EUR 0.7 million (Q1-Q3/2006: EUR -19.3 million) - Notable increase in EBITDA to EUR 3.4 million (Q1-Q3/2006: EUR -15.9 million) - License revenues climb 10.2% to EUR 16.5 million (Q1-Q3/2006: EUR 15.0 million) - Services revenues grow 15.4% to EUR 10.8 million (Q1-Q3/2006: EUR 9.4 million) - New sales mix, with deliberate foregoing of the low-margin hardware business, has led to the level of total revenues falling, as planned, to EUR 61.2 million (Q1-Q3/2006: EUR 67.7 million) - Adjusted for the hardware business, total revenues rose marginally to EUR 58.8 million(Q1-Q3/2006: EUR 58.3 million) - Cash flow from operating activities again positive at EUR 0.5 million (Q1-Q3/2006: EUR -4.4 million) - At the end of nine months, the net result for the period was marginally positive at EUR 0.3 million (Q1-Q3/2006: EUR -10.8 million) Earnings per share come to EUR 0.03 (Q1-Q3/2006: EUR -1.23) Key financial data in the third quarter of 2007 - Operating result (EBIT, including Other income) climbs to EUR 0.3 million (Q3/2006: EUR -0.2 million) - License revenues improve to EUR 5.2 million (Q3/2006: EUR 5.0 million) - Sales in the Services and Maintenance businesses remain stable at EUR 3.2 million (Q3/2006: EUR 3.5 million) and EUR 10.2 million (Q3/2006: EUR 11.3 million) - Level of total revenues down (-71.7% to EUR 0.7 million as against 2006) to EUR 19.4 million owing to withdrawal from the low-margin hardware business (Q3/2006: EUR 22.4 million) - Quarterly result improves to EUR 0.3 million/EUR 0.03 per share (Q3/2006: EUR 0.1 million/EUR 0.02 per share) Statement by the Chief Executive Officer "In the third quarter of 2007 we have again delivered proof that the new strategy of our company has set us on the right course and enabled us to raise our profitability further. In the first nine months, we reaped the benefit first and foremost from our more efficient our sales and marketing operations as well as from our considerably improved cost structure. As a result, we recorded new increases in software license and services revenues, and the result improved significantly in comparison with the previous year´s period. Our turnaround has thus been sustainably affirmed," commented Kamyar Niroumand, CEO of Beta Systems Software AG. "With "Beta 4Agility", our products and sales initiative launched in parallel in the second quarter of the fiscal year, we have reinforced our presence in the market as a supplier of innovative integration software solutions and are responding to the current requirements in the environment of our major customers and the IT trends." Outlook for the financial year 2007 reaffirmed The turnaround, which had been successfully implemented by the end of nine months, reinforces the guidance given at the start of the year 2007 for a significant improvement in the result of the fiscal year as a whole. Given the fourth quarter of the fiscal year when sales and revenues are typically high, the Management Board assumes that revenues (adjusted for hardware revenues) will grow marginally and that there will be a significant increase in the result, with a single-digit EBIT margin. More information Our Investor Relations Team are at your disposal for any questions you may have on the results of the third quarter of 2007. They can be contacted under the telephone number +49 (30) 726 118-171 or by e-mail ir@betasystems.com. The complete Report for the third quarter 2007 has been posted on the company´s web site at www.betasystems.de under the "Investor Relations" heading. End of the press release Beta Systems Software AG - Agility Integrated 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 comprise 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. The products serve to simplify the automation of data and document processing and improve on the security and performance of IT. Beta Systems, which has been a listed company since 1997, was founded in 1983 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. end of announcement euro adhoc 09.11.2007 09:27:57 -------------------------------------------------------------------------------- ots Originaltext: Beta Systems Software AG Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: 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 Branche: Software ISIN: DE0005224406 WKN: 522440 Index: CDAX, Prime All Share, Technologie All Share Börsen: Börse Frankfurt / regulated dealing/prime standard Börse Berlin / free trade Börse Hamburg / free trade Börse Stuttgart / free trade Börse Düsseldorf / free trade Börse Hannover / free trade

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