Beta Systems Software AG

euro adhoc: Beta Systems Software AG
Financial Figures/Balance Sheet
Beta Systems delivers another set of convincing results: brisk business at year-end 2008 and the second record year in a row

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03.03.2009

- Substantial increases and improvement in margins in respect of earnings before tax (EBT)

Berlin, March 3, 2009 - Pending the outcome of the annual financial statements audit, Beta Systems Software AG (BSS, ISIN DE0005224406) generated significantly higher earnings before tax (EBT) which came to EUR 6.0 million in the fiscal year 2008 (2007: EUR 4.9 million). According to preliminary calculations, the Berlin-based software supplier has therefore raised EBT by 22% as compared with the year-earlier figure.

Total revenues advanced by EUR 1.8 million to EUR 90.4 million (2007: EUR 88.6 million). This growth was achieved in the wake of strong business, especially in the fourth quarter of 2008, on the back of a stronger market position with financial services providers and large enterprises and also, among other measures, through the acquisition successfully completed in 2008. Earnings before interest and tax (EBIT) grew considerably to EUR 6.5 million (2007: EUR 5.8 million). Similarly, earnings before interest, tax, depreciation and amortization (EBITDA) rose to EUR 10.4 million (2007: EUR 9.4 million). The operating cash flow of EUR 2.3 million was clearly positive as in the preceding quarters of 2008 (2007: EUR -1.3 million).

Preliminary Key Financial Data for the Fiscal Year 2008 - Total revenues climb by 2% to EUR 90.4 million (2007: EUR 88.6 million) - EBIT rises to EUR 6.5 million (2007: EUR 5.8 million) / EBIT margin advances to 7.2% (2007: 6.6%) - EBITDA improves to EUR 10.4 million (2007: EUR 9.4 million) / EBITDA margin increases to 11.5% (2007: 10.6%)

Preliminary Key Financial Data for Q4/2008 - Strong year-end business: total revenues climb by 3% to EUR 28.3 million (2007: EUR 27.4 million) - EBIT rises to EUR 5,7 million (2007: EUR 5.1 million) - EBITDA improves to EUR 6,7 million (2007: EUR 6.0 million)

End of the unscheduled announcement

Information and explanations by the issuer on this unscheduled announcement:

Outlook for the Fiscal Year 2009 Guidance for revenues and profit can only be provided with the requisite reserve and caution given the general economic conditions and the specific risks in the financial sector. Based on the Company's stable market position, strengthened in the wake of additions to the holdings portfolio, such as the effective takeover of the DETEC Group, Management anticipates that raising revenues and profit should be possible in the current fiscal year as well. In this process the aim is to outperform the overall market.

Statement by the Management Board "In 2008, following on from our turnaround in 2007, we have again delivered impressive proof of the sustainability of our success by setting new records for revenues and profitability. Contrary to the general trend in the market, all our business segments recorded orders placed by the largest German and European banks, IT and transaction service providers in the double-digit million euro range which will cover the fiscal years ahead", explained Kamyar Niroumand, Chief Executive Officer of Beta Systems Software AG, and added: "This is evidence of the fact that our customers, especially those in the financial sector, feel the strong need to take decisive action in the wake of the economic slowdown in respect of their cost efficiency, risk monitoring and security requirements, which will lead to sustained and strong demand for our products, solutions and services."

Gernot Sagl, Chief Financial Officer, commented as follows: "Optimizing our cost structures within the Group in recent years has resulted in us making enormous progress in cutting our operational expenses while raising the operational cash flow and improving the liquidity and equity position. This has served to strengthen our financial flexibility enormously and has made us more independent in the financing of future profitable growth."

The audited annual results of 2008 will be released in their full version on March 30, 2009.

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 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 operates through Centers of Competence in Augsburg, Cologne and Calgary, as well as 19 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.

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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
Investor Relations
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 87-37/-32
Fax: +49 (0)89 930 24 45
e-mail: alexandra_osmani@hbi.de
e-mail: 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



Weitere Meldungen: Beta Systems Software AG

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