Net return on revenue 4 %, gross margin 55 %
Aachen (euro adhoc) -
Revenue up on the previous quarter Well on track for 2007 targets
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companies/3-Month-Results
Aachen - 08 May 2007. Parsytec AG - the world's leading supplier of surface and web inspection systems for strip products - announces its results for the first 3 months of financial year 2007 as of 31 March 2007. Accounting is in line with International Financial Reporting Standards (IFRS).
|(EUR m) |Q1 2007 |Q1 2006 |Q4 2006 |Q3 2006 | |Order entry |5.6 |5.9 |6.7 |2.7 | |Revenue |5.8 |6.9 |5.6 |4.8 | |EBIT |0.3 |0.7 |0.0 |0.2 | |EAT |0.2 |0.5 |0.1 |0.2 | |Net return on revenue |4.0 % |7.0 % |1.9 % |4.9 % | |RoE (before taxes) |10.0 % |12.1 % |3.2 % |5.5 % | | | | | | |
Revenue up on the previous quarter In comparison to the previous quarter, revenue increased from EUR 5.6 million to EUR 5.8 million (+3 %). In comparison to the equivalent quarter of the previous year (EUR 6.9 million), revenue declined by 16 %. On a whole-year basis, as stated in the Annual Report 2006, the company aims to achieve revenue growth of just under double digits. Taking into account the measures recently implemented (including sales restructuring), the Company still considers this as well achievable. Compared to the equivalent quarter of the previous year, the order entry declined slightly. In the first quarter of 2007, an order entry of EUR 5.6 million was posted, a year-on-year decline of 5 % (Q1 2006: EUR 5.9 million).
Net return on revenue back up to 4 %, gross margin at 55 % In the first quarter of 2007, a net return on revenue of 4 % was achieved. This was 2 percentage points over the previous quarter and 3 percentage points under the figure of the equivalent quarter of the previous year. At the same time, the gross margin increased from 53 % in the equivalent quarter of the previous year to 55 % in the first quarter of 2007. To the end of the first quarter of 2007, there were cash holdings of EUR 5.6 million. Adjusted for the capital disbursement, cash flow exceeded the level of the net result.
Forecast: well on track for 2007 targets The Company sees itself as being well on track for achieving the targets communicated for 2007. Despite the revenue decline in the first quarter, the Company is still targeting revenue growth in 2007 at a level just under double digits. A net return on revenue of a well over 5 % is also expected. In spite of tax payments becoming due again for the first time in Germany, cash holdings will remain stable or even increase slightly.
end of announcement euro adhoc 08.05.2007 07:30:00
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
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