Parsytec AG

2006: Higher net return despite decrease in revenue

13 % decline in order entry, cash growth by 11 % Outlook: Just under double-digit revenue growth expected in 2007

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companies/Annual Result 2006

Aachen (euro adhoc) - Aachen - 13 March 2007. Parsytec AG - the world's leading producer of surface inspection systems for strip products - announces its results of the financial year 2006 as of 31 December 2006. The accounting has been made according to International Financial Reporting Standards (IFRS). There were no changes to the preliminary results published on 21 February 2007.

|(EUR m)                          |12 M      |12M 2005|Q4 2006 |Q4 2005 |
|                                      |2006      |            |            |            |
|Order entry                    |22.7      |26.0      |6.7        |8.6        |
|Revenue                          |23.5      |28.6      |5.6        |6.6        |
|EBIT                                |1.5        |2.2        | 0.02    |0.6        |
|EAT                                 |1.3        |1.5        |0.1        |0.4        |
|Net return on revenue    |5.5 %    |5.2 %    |1.9 %    |6.2 %    |
|RoE (before taxes)         |10.4 %  |10.0 %  |3.2 %    |10.7 %  |
|                                      |            |            |            |            |

Order entry and revenue decline on an annual basis

In financial year 2006, Parsytec had  an  order  entry  amounting  to EUR  22.7 million. This signifies a reduction of 13 % compared  with the  2005  financial year figure of EUR 26.0 million. In the fourth quarter of 2006, an  order  entry of EUR 6.7 million was achieved, 22 % under the strong figures from  the  fourth quarter of 2005. Revenues declined by 18 %  compared  with  the  previous  year. Having achieved revenues of EUR 28.6 million  in  2005,  revenues  of EUR  23.5 million were posted in 2006. In the reporting quarter, there was  a  decline  of 15 % against the previous year quarter to EUR  5.6  million.  The  weakness  in revenue and order entry results primarily from order delays  and  price  erosion due to competitive conditions.

Profitability increase on an annual basis to 5.5 %

In 2006, the net return on revenue improved by 0.3 percentage points as  against 2005 to 5.5 %. This was  the  result  of  increasing flexibility  in  operating expenses and reducing manufacturing costs. The cost reduction is also  reflected in the development of the gross profit margin (as a ratio  of  gross  profit  to revenue) which increased from 51 % in 2005 to 56 % in 2006. In Q4 2006  the  net return on revenue amounted to 1.9 % (compared to 6.2  %  in  the previous  year quarter).

Outlook: Just under double-digit revenue growth expected in 2007

For the market of surface inspection systems as a  whole,  the Company  expects the number of units sold to rise  again  in  2007 compared  with  the  downward movement in 2006. Revenue in 2007 is expected  to  exceed  the  previous  year's figure with a growth rate of just under  double  digits.  The  gross  margin  is estimated to fall slightly compared with 2006 because of  the  prevailing  price pressure. Following the slight increase in relative profitability in 2006,  the Company is aiming for absolute growth in earnings and  the achievement  -  once again - of a net return on revenue of a good 5 % in 2007.

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ots Originaltext: Parsytec AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Parsytec AG
Investor Relations
Tel ++49(241)9696-200
Fax ++49(241)9696-500
e-Mail: ir@parsytec.de
Internet: www.parsytec.de

Branche: Software
ISIN:      DE000A0JQ4J9
WKN:        A0JQ4J
Index:    Prime All Share, Technologie All Share, CDAX
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade



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