Beta Systems Software AG

EANS-News: Beta Systems delivers an operating profit (EBIT) in the third quarter of 2010

-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 9-month report Berlin (euro adhoc) - - Stable level of revenues and lower operating expenses result in an EBIT of EUR 0.3 million in the third quarter of 2010 Berlin, October 28, 2010 - In the third quarter of 2010, Beta Systems Software AG (BSS, ISIN DE0005224406) generated an EBIT of EUR 0.3 million (Q3/2009: EUR -0.2 million) and a profit of EUR 0.1 million in the period under review (Q3/2009: EUR 0.0 million) from continued operations. This was attributable to lower operating expenses, including sundry income, which stood at EUR 6.5 million (Q3/2009: EUR 7.1 million). In terms of the third quarter, revenues came in at EUR 11.2 million, thus remaining at the level of the previous year. One-off effects impact the results at the end of the first nine months of 2010 Aggregated for the nine-month period, revenues declined to EUR 31.9 million in the first three quarters of 2010 (Q1-Q3/2009: EUR 36.8 million). Savings on operating expenses, including sundry income, resulted in an EBIT of EUR -1.6 million (Q1-Q3/2009: EUR -0.5 million) and a profit for the period under review (including the effect on income from the discontinued ECM operations) of EUR 2.3 million (Q1-Q3/2009: EUR -0.8 million). Sundry income includes EUR 1.4 million from the providing of services for the ECM business line which has been sold. Moreover, the disposal gain from the sale of the ECM business compensated for the negative result from continued operations of EUR -1.3 million (after taxes; Q1-Q3/2009: EUR -0.5 million) caused by seasonal fluctuations in the first half of 2010. The financial position of the Company has improved considerably through the repayment of bank debt in an amount of EUR 9.7 million. This was due in the main to the receipt of part of the purchase price from the sale of the ECM business and an operating cash flow of EUR 5.1 million. Management Board anticipates a year-end rally with sharp increases in revenues and profit in Q4/2010 As before, the Management Board anticipates revenues of around EUR 50 million from continued operations in the fiscal year 2010 (2009: approximately EUR 52 million) and an improved EBIT margin (excluding one-off expenses for the restructuring of the Company) in the mid-single-digit percentage range. Furthermore, contingent on certain conditions, there may be further purchase price components for ECM which could amount to up to EUR 1.4 million. One-off expenses for the restructuring of the Company have not yet been incurred. Management has earmarked an amount of up to EUR 5.0 million for the requisite provisions in the fourth quarter of 2010. "We have already been awarded several larger contracts from the financial sector in Germany and the rest of Europe in the third quarter of 2010. A number of renowned banks and insurance companies in countries which include Germany, Portugal and Denmark have signed contracts with us. As a result, there has been a slight increase in revenues from software licenses for first time in this year. These signs of recovery are reason for us to have positive expectations of revenues in the traditionally strong months of November and December. Our sales pipeline is likely to boost revenues and profits considerably in the final quarter", stated Jürgen Herbott, Chief Executive Officer of Beta Systems Software AG. Complete report and disclaimer The complete Nine Monthly Report 2010 will be published on November 2, 2010 at http://www.betasystems.com under the Investor Relations/Financial Reports heading. All amounts cited in this information released by the Company, as well as figures derived therefrom (e.g. percentages), pertain to figures that have been commercially rounded to whole thousands of euros and presented in the Summarized Interim Consolidated Financial Statements as at September 30, 2010. End of the press release Beta Systems Software AG (Prime Standard: BSS, ISIN DE0005224406) offers large corporations high-end infrastructure software which spans sectors. This software enhances the performance of a company´s IT in terms of its availability, scaleability and flexibility. Data centers optimize their job and output management. Moreover, especially companies with high numbers of users are supported in the automation of their IT user administration. Improved security also serves to fulfill the requirements placed on business operations in respect of governance, risk management and compliance (GRC). Beta Systems was founded in 1983, has been a listed company since 1997, and has a workforce of around 350 employees. The company´s principal place of business is Berlin. Beta Systems operates through Centers of Competence in Cologne and Calgary, as well as 16 subsidiaries worldwide and cooperations with numerous partner companies. Throughout the world more than 1,300 customers use the products and solutions of Beta Systems to improve their processes and security in more than 3,200 running installations. At present, Beta Systems generates 50 percent of its sales from international business. Around 200 of its customers are based in the USA and Canada. More information on the company and its products can be found under www.betasystems.com. end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: Beta Systems Software AG Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Press contacts Company contact: Beta Systems Software AG Stefanie Frey Senior Manager 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, Technology All Share Börsen: Frankfurt / regulated dealing/prime standard Berlin / free trade Hamburg / free trade Stuttgart / free trade Düsseldorf / free trade

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