Parsytec AG

euro adhoc: Parsytec AG
Financial Figures/Balance Sheet
Revenue and earnings below expectations, gross margin stable at 56 % Market leadership in Steel expanded further Revenue and income forecast adjusted for year as a whole

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6-month report


Ad hoc release according to § 15 WpHG

Aachen - 27 August 2007. Parsytec AG - the world's leading supplier of surface and web inspection systems for strip products - has further expanded its market leadership in surface inspection systems for the steel industry with a share of more than 60 % of all systems ordered in the first half of 2007. After the moderate development in the second half of 2006, this market recovered slightly in the first half of 2007. Demand in the paper industry remained stable overall with relatively low unit figures.

Revenue and earnings down as against the previous year

In the first half of 2007, Parsytec generated revenue of EUR 11.1 million,  down 15 % on the previous year. At EUR 9.9 million, 89  %   of  this  related  to  the Inspection segment and EUR 1.2 million or 11 % related to the  pdi  segment.  In addition to orders being postponed, the decline in revenue was primarily due  to the weak order entry figure of EUR 9.4 million for the second half of  2006.   At 56 %, the gross margin in the first half of 2007 was unchanged  as against  the same period of the previous year. EBIT declined from EUR 1.3 million in 2006  to EUR 0.3  million  (down  74  %).    EAT     amounted    to    EUR 0.3 million    after EUR 1.0 million in the previous year (down 73 %).

Outlook: moderate revenue growth with an EAT margin of 5 % forecast

Due to the weak revenue and order entry development in the first half of  2007, contrary to the original planning of revenue growth just in the  double  digits, the Company is now expecting a more moderate revenue growth. This  is  primarily due to the postponement of orders in the first half of the year.  The  Executive Board is forecasting rising order entry figures  for  the  second  half  of  the year, though this will only partially contribute to revenue for  financial year 2007 on account of the duration of projects. A declining gross margin  is  still expected for the second half of the year. The achievement of  a  net  return  on revenue of approximately 5 % is still regarded as possible.

Overview of business development in the first half of 2007

|(EUR million)                 |H1         |H1          |
|                                      |2007      |2006        |
|Order entry                    |10.9      |13.2        |
|Revenue                          |11.1      |13.1        |
|EBIT                                |0.3        |1.3         |
|EAT                                 |0.3        |1.0         |
|Net return on revenue    |2.4 %    |7.3 %      |
|Return on equity (before|5.6 %    |11.6 %    |
|taxes)                            |            |              |
|                                      |            |              |

----------------------- Parsytec AG Investor Relations Auf der Huels 183 52068 Aachen


Tel    +49 (241) 9696 200 Fax    +49 (241) 9696 500


@@start.t2@@end of announcement                                                 euro adhoc 27.08.2007 16:03:22

ots Originaltext: Parsytec AG
Im Internet recherchierbar:

Further inquiry note:
Lothar Kronen
Director Finance
Tel.: +49 (0)241-9696576

Branche: Software
ISIN:      DE000A0JQ4J9
WKN:        A0JQ4J
Index:    Prime All Share, Technologie All Share, CDAX
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse München / free trade

Weitere Meldungen: Parsytec AG

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