Heiler Software AG

euro adhoc: Heiler Software AG
Heiler Software reports preliminary figures for fiscal 2002/2003 (E)

---------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. ---------------------------------------------------------------------

In the Ad-hoc announcement of November 12, 2003, English version, second sentence, instead of: "Cost-cutting measures improved consolidated earnings before interest and taxes (EBIT) from Euro 3.24 million to Euro 2.71 million." it must read: "Cost-cutting measures improved consolidated earnings before interest and taxes (EBIT) from Euro -3.24 million to Euro -2.71 million". The fourth sentence, instead of: "Strict receivables management helped raise net cash flow by Euro 1.28 million to Euro 1.61 million, a faster improvement than for EBIT." it must read: "Strict receivables management helped raise net cash flow by Euro 1.28 million to Euro -1.61 million, a faster improvement than for EBIT."

The complete corrected announcement is:

Heiler Software reports preliminary figures for fiscal 2002/2003 - Sales revenues up slightly to Euro 4.73 million - EBIT improved by Euro 0.53 million and net cash flow by Euro 1.28 million - High levels of liquidity and shareholders' equity

Stuttgart, November 12, 2003 - In spite of a difficult economic climate overall, the preliminary consolidated IAS figures for fiscal 2002/2003 (to September 30, 2003) indicate that sales revenues at Heiler Software AG rose slightly to Euro 4.73 million (prior year: Euro 4.69 million). Cost-cutting measures improved consolidated earnings before interest and taxes (EBIT) from Euro -3.24 million to Euro -2.71 million. The net loss for the year shrank from Euro 2.32 million to Euro 1.79 million, equivalent to earnings per share of Euro -0.16 (prior year: Euro -0.21).

Strict receivables management helped raise net cash flow by Euro 1.28 million to Euro -1.61 million, a faster improvement than for EBIT. At fiscal year-end, cash and cash equivalents stood at Euro 19.28 million (prior year: Euro 20.89 million) and shareholders' equity at Euro 23.24 million, or 96% of total assets (prior year: Euro 25.00 million/94% of total assets). Heiler Software AG thus retains an extremely stable assets and financial position.

The finalized figures will be published together with the annual report for fiscal 2002/2003 on December 18, 2003.

For more information, please visit us on the Internet at www.heiler.com.

end of announcement            euro adhoc 14.11.2003
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Further inquiry note: Constanze Hay Tel.: +49 (0)711 13984150 E-Mail: chay@heiler.com

Branche: Software
ISIN:      DE0005429906
WKN:        542990
Index:    CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
              Niedersächsische Börse zu Hannover / free trade
              Berliner Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Hamburger Wertpapierbörse / free trade
              Bremer Wertpapierbörse (BWB) / free trade
              Börse Düsseldorf / free trade
              Baden-Württembergische Wertpapierbörse / free trade



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