ComputerLinks AG

euro adhoc: ComputerLinks AG
Annual Reports
Successful year for COMPUTERLINKS in 2004

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COMPUTERLINKS AG continued its steady growth in 2004. Group turnover rose by 19.7% to 210.8 million Euro (same period last year: 176.0 million Euro). Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased from 11.0 million Euro in 2003 to 11.2 million Euro in 2004 (+1.9%). Earnings before interest and taxes (EBIT) showed a profit of 10.3 million in 2004 compared to 9.4 million Euro in 2003 (+8.7%). The net income for the year 2004 was 6.5 million Euro compared to 5.8 million Euro in the previous year (+12.7%). Earnings per share stood at 1.11 Euro (previous year: 0.98 Euro). The strong cash flow in the 4th quarter of 2004 produced cash and cash equivalents of 19.4 million Euro at the end of 2004 (31st December 2003: 16.1 million Euro). By contrast there are no bank loans or overdrafts. The Management Board and the Supervisory Board are proposing to the General Meeting that a dividend of 0.35 Euro per share be distributed for 2004. This will result in an outflow of cash funds of 2.1 million Euro in 2005.

The breakdown of group turnover by country is as follows: 102.4 million Euro were produced in Germany, 75.4 million Euro in the UK, 14.9 million Euro in Switzerland, 12.5 million Euro in France and 5.6 million Euro in Italy. As in the previous year the e-security division was the most important growth engine with 78.1% of total turnover. In a year-on-year comparison sales in this division increased from 134.6 million Euro in 2003 to 164.6 million Euro in 2004. The e-business divisions produced 39.6 million Euro (previous year: 35.8 million Euro) and the professional services division 6.6 million Euro (previous year: 5.6 million Euro).

Gross profit was 36.9 million Euro in 2004 compared to 33.6 million Euro in 2003. Gross margins declined from 19.1% in 2003 to 17.5% in 2004 in particular as a result of larger projects concluded in the fourth quarter with lower margins on average. It has again been possible to reduce personnel costs and other operating expenses - less other operating income - in relation to turnover from 12.9% in 2003 to 12.2% in 2004.

Issuer's information/explanatory remarks concerning this ad hoc announcement:

Stephan Link, founder and CEO of COMPUTERLINKS AG stated: "Our successful business model is reaffirmed by an increase in turnover of almost 20% and also the increase in the net income for the year combined with our extremely sound financial and equity structure. We feel optimistic about 2005 as a result of our presence in eight European countries, an attractive product portfolio and a strong and highly motivated team."

At a glance:
                                      01.01.-31.12.04 01.01.-31.12.03 Change in %*
Turnover                         210.8                 176.0                 +19.7
EBITDA                            11.2                  11.0                  +1.9
EBIT                                10.3                  9.4                    +8.7
Net income for the year 6.5                    5.8                    +12.7
Earnings per share         1.11                  0.98                  +13.2
* The percentage change is based on values which have not been
rounded off

end of announcement                                euro adhoc 10.03.2005 07:53:39

Further inquiry note: Bettina Zollner

Branche: Computing & Information Technology
ISIN:      DE0005448807
WKN:        544880
Index:    Nemax 50, Prime Standard, CDAX, Prime All Share, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
              Berliner Wertpapierbörse / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade
              Bremer Wertpapierbörse (BWB) / free trade

Weitere Meldungen: ComputerLinks AG

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