EANS-Adhoc: TeleTrader Software AG
TeleTrader Software AG presents provisional
results for 2009:
sales revenues rose by almost 9% to EUR 6.7 million, Q4 EGT at around TEUR +101,
Group EGT only slightly negative in 2009 at TEUR -73
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
02.03.2010
Today, TeleTrader Software AG announced its provisional figures for fiscal 2009. They show that sales revenues increased to more than EUR 6.7 million, which equates to sales growth of almost 9% against the market trend. In the fourth quarter of 2009, the Group also generated positive earnings on ordinary activities (EGT) of TEUR 101, which led to EGT for 2009 as a whole being significantly reduced, at TEUR -73, compared with previous quarters. As a result, the company recouped virtually its entire start-up costs in the very first year of its expansion into Asian markets.
Definitive figures for fiscal 2009 will be published at the same time as the Annual Report for 2009 - as planned - but no later than April 29, 2010.
With this growth in sales, TeleTrader was able to continue on the expansionary course pursued in previous years and achieved further significant sales in Germany, in particular, with growth of more than 32%. Sales outside Europe also increased by more than 55%, which provides clear affirmation for the company´s strategy of international expansion.
In 2009, TeleTrader presented some new product lines, which are to be consistently developed over the next few years. The "TeleTrader Optimizer," a software that supports the portfolio consultancy and optimization process, and the "TeleTrader Publisher," a solution that allows printable charts and price data for media to be compiled by sub-editors, were used by several customers for the first time. "TeleTrader Mobile" was also successfully started as a real-time information terminal for smart phones.
For fiscal 2010, the company is planning sales growth of approximately 14% to EUR 7.6 million by expanding the regions to which it sells. This target, which must be regarded as ambitious, is to be achieved firstly by expanding activities in Asia and Spain and, on the products side, by focusing on functions and tools for more active trading.
It is impossible to forecast business development in 2010 to the extent to which we are accustomed and we are therefore not providing any forecast of earnings at present. TeleTrader aims to achieve further growth, bucking the sector trend, securing as far as possible a positive cash flow to finance this growth.
The provisional report on the consolidated financial statements 2009 of TeleTrader Software AG can be acquired free of charge from TeleTrader Software AG, Salzgries 15, 1010 Vienna and from Österreichische Kontrollbank AG, Securities Dept., Am Hof 4, 1010 Vienna from 12.00 hrs on March 2, 2010.
end of announcement euro adhoc
Further inquiry note:
Roland Meier
Tel.:15331656-0
mailto:roland.meier@teletrader.com
Branche: Software
ISIN: AT0000713854
WKN: 658859
Index: WBI, Standard Market Auction
Börsen: Wien / official market