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Beta Systems Software AG

euro adhoc: Beta Systems Software AG
Quarterly or Semiannual Financial Statements
BETA SYSTEMS SOFTWARE AG ANNOUNCES RESULTS FOR THE SECOND QUARTER AND THE FIRST HALF 2003 (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
Berlin, August 7, 2003 - Beta Systems Software AG (Deutsche Boerse
Prime Standard: BSS) today announced a return to profitability and
significant growth in revenue for the second quarter ended June 30,
2003.
Operating Highlights
- Successful integration of Systor Security Solutions GmbH
- Restructuring efforts of Storage Management business unit 
  contribute to lower costs
Financial Highlights Second Quarter 2003
- Revenues increased by 26.0% to Euro 12.8 million (Q2 2002: Euro 
  10.2 million)
- Operating income amounts to Euro 0.5 million (Q2 2002: operating 
  loss of Euro 1.8 million)
- Earnings before taxes of Euro 0.6 million (Q2 2002: loss before 
  taxes of Euro 1.1 million) 
- Net income of Euro 0.2 million or Euro 0.05 per share (Q2 2002: 
  net loss of Euro 0.5 million or Euro 0.12 per share)
Financial Highlights First Half 2003
- Revenues increased by 4.2% to Euro 22.1 million (HY 2002: Euro 
  21.2 million)
- Operating loss of Euro 1.1 million (HY 2002: operating loss of 
  Euro 1.6 million)
- Loss before taxes of Euro 0.6 million (HY 2002: loss before taxes 
  of Euro 0.4 million)
- Weak first quarter in 2003 partially offset: net loss of Euro 0.3 
  million or Euro 0.09 per share (HY 2002: net loss of Euro 0.2 
  million or Euro 0.04 per share)
- Positive cash flow amounting to approx. Euro 2.9 million in the 
  first half of 2003 and cash position of Euro 18.4 million
- End of ad hoc announcement -
Issuer's information/explanatory remarks concerning this ad hoc
announcement:
Management Comments
Commenting on the results, Karl-Joachim Veigel, CEO of Beta Systems,
stated: "We are still experiencing relatively cautious capital
expenditure within the IT sector. A number of substantial orders
towards the end of the second quarter enabled us to counterbalance
the sluggish first-quarter performance of 2003 to a certain extent,
both in terms of revenues and earnings. However, it should be noted
that a number of key customer projects, particularly in the area of
Document Management, have been postponed to the second half of 2003."
Mr. Veigel added, "Our incisive restructuring measures implemented in
North America over the course of the previous fiscal year,
complemented by our general cost reduction program and prudent
management of expenditure, have had a positive effect on the
company's bottom-line results. At the same time, we successfully
completed the integration of the operations of Systor Security
Solution GmbH (SSSG), which was acquired at the beginning of 2003.
Furthermore, the new SAM product line contributed significantly to
our formidable revenue growth in the area of Data Center Management."
Mr. Veigel concluded: "Due to the importance of large projects to our
business as a whole in terms of revenues and the difficulties
associated with forecasting incoming orders within this market
environment, we expect to see a certain degree of fluctuation in our
quarterly results over the course of the second half of 2003. Based
on our current performance, however, we remain confident that we will
be able to meet our targets for the full fiscal year."
Conference Call
The results for the second quarter 2003 will be commented on by
Management during a telephone conference on August 7, 2003. For UK
participants, the conference will take place at 14.00 CET at
telephone number +44 (0) 207 984 7582 (access code: "betasystems"). A
tape recording of the telephone conference will be available for
twenty-four hours on telephone number +44 (0) 207 784 1024 (access
code: 689492).
end of announcement        euro adhoc 07.08.2003

Further inquiry note:

Arne Baßler
Beta Systems Software AG
Tel.: +49 (0)30 726 118 0
Fax: +49 (0)30 726 118 800
E-Mail: ir@betasystems.com

Branche: Software
ISIN: DE0005224406
WKN: 522440
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
Hamburger Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade

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