Parsytec AG

Net return on revenue 4 %, gross margin 55 %

Revenue up on the previous quarter Well on track for 2007 targets

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Aachen (euro adhoc) - Aachen - 08 May 2007. Parsytec AG - the world's leading supplier of surface and web inspection systems for strip products - announces its results for the first 3 months of financial year 2007 as of 31 March 2007. Accounting is in line with International Financial Reporting Standards (IFRS).

|(EUR m)                         |Q1 2007 |Q1 2006  |Q4 2006 |Q3 2006 |
|Order entry                  |5.6        |5.9         |6.7        |2.7        |
|Revenue                         |5.8        |6.9         |5.6        |4.8        |
|EBIT                              |0.3        |0.7         |0.0        |0.2        |
|EAT                                |0.2        |0.5         |0.1        |0.2        |
|Net return on revenue  |4.0 %    |7.0 %      |1.9 %    |4.9 %    |
|RoE (before taxes)        |10.0 %  |12.1 %    |3.2 %    |5.5 %    |
|                                    |            |              |            |            |

Revenue up on the previous quarter In comparison to the previous quarter, revenue increased from  EUR  5.6  million to EUR 5.8 million (+3 %). In  comparison  to  the  equivalent  quarter  of  the previous year (EUR 6.9 million), revenue declined  by  16  %.  On  a whole-year basis, as stated in the Annual Report 2006, the company aims to achieve  revenue growth of just under double digits. Taking into account  the  measures  recently implemented (including sales restructuring), the Company  still  considers  this as well achievable. Compared to the equivalent quarter  of  the  previous   year, the order entry declined slightly. In the first quarter of 2007, an order  entry of EUR 5.6 million was posted, a year-on-year decline of 5 % (Q1 2006:  EUR  5.9 million).

Net return on revenue back up to 4 %, gross margin at 55 % In the first quarter of 2007, a net return on revenue of 4 % was achieved.   This was 2 percentage points over the previous quarter and 3 percentage points  under the figure of the equivalent quarter of the previous year.  At  the  same  time, the gross margin increased from 53 % in the equivalent quarter of  the  previous year to 55 % in the first quarter of 2007. To the end of the  first  quarter  of 2007, there were cash holdings of EUR 5.6  million.  Adjusted  for  the   capital disbursement, cash flow exceeded the level of the net result.

Forecast: well on track for 2007 targets The Company sees itself as   being  well  on  track  for  achieving  the  targets communicated for 2007. Despite the revenue decline in  the  first  quarter,  the Company is still targeting revenue growth in 2007 at a level just   under  double digits. A net return on revenue of a well over 5 % is also  expected.  In  spite of tax payments becoming due again for the first time in Germany, cash  holdings will remain stable or even increase slightly.

@@start.t2@@end of announcement                                                 euro adhoc 08.05.2007 07:30:00

ots Originaltext: Parsytec AG
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Further inquiry note:
Parsytec AG
Investor Relations
Tel ++49(241)9696-200
Fax ++49(241)9696-500

Branche: Software
ISIN:      DE000A0JQ4J9
WKN:        A0JQ4J
Index:    Prime All Share, Technologie All Share, CDAX
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade

Weitere Meldungen: Parsytec AG

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