ComputerLinks AG

euro adhoc: ComputerLinks AG
COMPUTERLINKS AG announces the planned acquisition of the Securesoft Group in Scandinavia and also the results for the 1st quarter of 2005

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COMPUTERLINKS AG is planning to acquire 100% of the Scandinavian Securesoft Group. The Securesoft Group is represented with 4 companies in Finland, Sweden, Norway and Denmark. In 2004 the Securesoft Group achieved turnover of 37 million Euro with profit before tax of 2.3 million Euro. The initial purchase price to be paid solely in cash is approximately 12 million Euro. The Board of Management is currently reviewing all financing alternatives. The value added distribution of the Securesoft Group is consistent with that of the COMPUTERLINKS Group with a substantially corresponding product portfolio.

COMPUTERLINKS AG is also announcing the results for the 1st quarter of 2005:

The positive trend of the past financial year was continued in the 1st quarter of 2005. The group turnover of the value-added distributor rose by 4.3% to 51.6 million Euro (1st quarter 2004: 49.5 million Euro). EBITDA (earnings before interest, taxes, depreciation and amortisation) increased to 2.8 million Euro compared to 2.7 million Euro in the 1st quarter of 2004 (+1.5%). Earnings before interest and tax (EBIT) showed a profit of 2.6 million Euro compared to 2.4 million Euro in the same period last year (+7.9%). The net income for the period of the 1st quarter of 2005 was 1.7 million Euro compared to 1.5 million Euro in the 1st quarter of 2004 (+11.2%). This corresponds to earnings per share of 0.27 Euro (1st quarter 2004: 0.25 Euro). Cash and cash equivalents amounted to 14.8 million Euro as at 31.03.2005. Against this there are no bank loans or overdrafts.

The breakdown of Group sales by country is as follows: 21.7 million Euro were produced in the UK, 21.3 million Euro in Germany, 3.6 million Euro in Switzerland, 3.0 million Euro in France and 2.0 million Euro in Italy. As in the same period last year, the e-security division was the most important growth engine with a share of 83.6 % of total turnover. The e-business division produced 6.8 million Euro (1st quarter 2004: 9.0 million Euro) and the Professional Services division 1.7 million Euro (1st quarter 2004: 1.6 million Euro).

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

Stephan Link, founder and CEO of COMPUTERLINKS AG stated: "The intended acquisition of the Securesoft Group will open up for us access to the whole Scandinavian market, in which we have not been represented previously. It is the ideal complement to the existing COMPUTERLINKS Group. The encouraging start to the financial year 2005 - both organically and also as a result of the planned geographical expansion - makes us feel optimistic about the further course of 2005."

At a glance (in million Euro):
                                          01.01.-31.03.05 01.01.-31.03.04 Change in
Revenues                              51.6                  49.5                  +4.3
EBITDA                                 2.8                    2.7                    +1.5
EBIT                                    2.6                    2.4                    +7.9
Net income for the period  1.7                    1.5                    +11.2
Earnings per share in Euro 0.27                  0.25                  +8.0
* The percentage change is based on values which have not been
rounded off

end of announcement                                euro adhoc 12.05.2005 07:36:09

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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