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 -------------------------------------------------------------------------------- ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 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. end of announcement euro adhoc 13.03.2007 07:37:15 -------------------------------------------------------------------------------- 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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