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Abonner Beta Systems Software AG

Beta Systems Software AG

Beta Systems again raises revenues and the result at the end of the first nine months of 2008

Berlin (euro adhoc) -

- At the end of the first nine months of 2008, Beta Systems had 
raised EBIT by 13.9% and earnings before interest, tax, depreciation 
and amortization (EBITDA) by 10.3%
 - Earnings before tax (EBT) grew 
significantly to € 1.1 million, up from € 0.3 million, at the end of 
the 2008 nine-month period 
 - License revenues climb 3.9% at the end
of the 2008 nine-month period
 - Total revenues in the third quarter 
and at the end of the 2008 nine-month period slightly above the 
previous year’s level 
 - Substantial increase in the cash flow to € 
8.4 million, up from € 0.5 million, at the end of the 2008 nine-month
period
 - Guidance for the year as a whole affirmed
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
stock market
Berlin, October 30, 2008 - Following on from a
good first half-year in 2008, Beta Systems Software AG (BSS, ISIN 
DE0005224406) had improved its results by the end of the 2008 
nine-month period for the third quarter in a row, with a slight 
increase in revenues. Despite the deteriorating market environment 
and the traditionally weaker third quarter, earnings before interest 
and tax (EBIT) had risen 13.9% to EUR 0.8 million (Q1-Q3/2007: EUR 
0.7 million) and earnings before interest, tax, depreciation and 
amortization (EBITDA) by 10.3% to EUR 3.7 million (Q1-Q3/2007: EUR 
3.4 million). Particularly notable was the increase in the result 
before tax, which climbed to EUR 1.1 million (Q1-Q3/2007: EUR 0.3 
million). The result of the period under review, which came in at EUR
0.7 million (Q1-Q3/2007: EUR 0.3 million), was also clearly positive.
At the end of the first nine months of 2008, Beta Systems Software AG
had raised license revenues 3.9% to EUR 17.2 million. In the third 
quarter, license revenues fell EUR 0.8 million to EUR 4.4 million in 
contrast to total revenues which rose 1.2% to EUR 19.6 million 
(Q3/2007: EUR 19.4 million) over the same period and by 1.5% to EUR 
62.1 million (Q1-Q3/2007: EUR 61.2 million) at the end of nine 
months). In the third quarter of 2008, services revenues came in at 
EUR 3.1 million (Q3/2007: EUR 3.2 million) and maintenance revenues 
at EUR 10.2 million (Q3/2007: EUR 10.2 million), virtually unchanged 
from the previous year´s level. Scanner hardware revenues generated 
by new systems, realized as part of customer-oriented total solutions
for hard- and software, rose to EUR 5.0 million in the first nine 
months of 2008 (Q1-Q3/2007: EUR 2.4 million). Moreover, the 
considerable increase of EUR 7.9 million to EUR 8.4 million in the 
cash flow from operating activities (Q1-Q3/2007: EUR 0.5 million), 
which rose in tandem with the improved cost and results situation, 
was also very satisfactory.
Key Financial Data for the 2008 Nine-month Period at a Glance - EBIT 
rises 13.9% to EUR 0.8 million (Q1-Q3/2007: EUR 0.7 million), EBITDA 
climbs 10.3% to EUR 3.7 million (Q1-Q3/2007: EUR 3.4 million), and 
EBT advances to EUR 1.1 million (Q1-Q3/2007: EUR 0.3 million) - 
License revenues climb 3.9% to EUR 17.2 million (Q1-Q3/2007: EUR 16.5
million) - Total revenues advance 1.5% to EUR 62.1 million 
(Q1-Q3/2007: EUR 61.2 million) - Service revenues post EUR 10.0 
million (Q1-Q3/2007: EUR 10.8 million) - Maintenance revenues fall in
line with expectations to EUR 29.9 million (Q1-Q3/2007: EUR 31.5 
million) owing to process of consolidation in banks and data centers 
- Hardware revenues generated by new systems, realized as part of 
customer-oriented total solutions for hard- and software, rise to EUR
5.0 million, up from EUR 2.4 million - The cash flow from operating 
activities climbs sharply to EUR 8.4 million (Q1-Q3/2007: EUR 0.5 
million)
Key Financial Data for Q3/2008 at a Glance - EBIT posts EUR 0.2 
million (Q3/2007: EUR 0.3 million) - License revenues post EUR 4.4 
million (Q3/2007: EUR 5.2 million) - Total revenues advance 1.2% to 
EUR 19.6 million (Q3/2007: EUR 19.4 million) - Service revenues come 
in at EUR 3.1 million (Q3/2007: EUR 3.2 million) - Maintenance 
revenues remain unchanged at EUR 10.2 million (Q3/2007: EUR 10.2 
million) - Hardware revenues increase to EUR 1.8 million, up from EUR
0.7 million
Statement by the Management Board Kamyar Niroumand, Chief Executive 
Officer of Beta Systems Software AG, commented as follows: "Following
on from a successful first half-year in 2008, we have succeeded in 
raising our revenues and result again, despite the tense situation in
the global capital and financial markets. We have felt the first 
impact of the crisis in the financial markets on our customer base in
recent weeks. However, making a statement today on what the effects 
might be in the future is - and remains - difficult. What cannot be 
entirely excluded is the fact that, in the future, there may be 
delays or postponements in the placing of orders by our customers who
mostly operate in the banking and insurance sectors. On the other 
hand, it is crises such these which have the effect of driving demand
for IT solutions which enable compliance with official rules and 
regulations and provide efficient support in the event of mergers. 
These software products and solutions are an integral part of Beta 
Systems´ product portfolio, which means that this crisis may also 
turn out to be an opportunity for Beta Systems."
Gernot Sagl, Chief Financial Officer of Beta Systems Software AG, 
added the following: "We succeeded in improving our results despite 
the critical situation in the financial markets not least due to 
consistent and ongoing cost management. Moreover, the substantial 
increase in our cash flow led to a significant reduction in financial
liabilities, with the result that the financial position of the 
company has improved again significantly."
Outlook for the Fiscal Year 2008 Although, from today's standpoint, 
any statements on the future impact of the financial crisis are 
difficult, the Management Board nonetheless currently stands by its 
expectations of an improvement in the results as compared with fiscal
2007. With a marginal increase in revenues, it has planned for an 
EBIT margin in the upper single-digit range and a double-digit EBITDA
margin. The prerequisite for this is that all three business segments
are profitable. The Management Board continues to assume that the 
goals of sustained profit improvement through concentration on 
business with software licenses and services, the building up of 
customer relationships, above all in the financial services sector 
and industry at large, the expansion of the global partner business 
and the ongoing implementation of the Beta 4Agility product and sales
strategy will be achieved.
The full report on the third quarter and the first nine months of 
2008 will be released on November 4, 2008.
End of the press release
Beta Systems Software AG - Agility Integrated Beta Systems Software 
AG Berlin (Prime Standard: BSS, ISIN DE0005224406) develops 
high-profile software products and solutions for the secure and 
efficient processing of large data volumes. The core businesses of 
Beta Systems are document processing as well as IT user management 
data processing in data centers and compliance solutions. In 
addition, the Beta 4Agility suite offers large companies new 
integration products to enhance their agility in IT and business 
processes. These products serve to simplify the automation of data 
and document processing and enhance the security and performance of 
IT.
Beta Systems was founded in 1983, has been a listed company since 
1997, and has a workforce of more than 600 employees. The company´s 
principal place of business is Berlin. Beta Systems operates through 
Centers of Competence in Augsburg, Cologne and Calgary, as well as 18
subsidiaries worldwide and cooperations with numerous partner 
companies. With more than 3,000 running installations, it has a 
customer base of more than 1,300 major companies from the sectors of 
financial services and IT service providers and industry at large in 
Germany, Europe and the USA.
More information on the company and its products can be found under
www.betasystems.com.
end of announcement                               euro adhoc

Further inquiry note:

Contacts:
Company contact:
Beta Systems Software AG
Stefanie Frey
Tel.: +49 (0)30 726 118-171
Fax: +49 (0)30 726 118-800
e-mail: stefanie.frey@betasystems.com

Agency contact:
HBI PR&MarCom GmbH
Alexandra Osmani, Alexandra Janetzko
Tel.: +49 (0)89 99 38 87-0
Fax: +49 (0)89 930 24 45
e-mail: alexandra_osmani@hbi.de; Alexandra_Janetzko@hbi.de

Branche: Software
ISIN: DE0005224406
WKN: 522440
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade

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