Tous Actualités
Suivre
Abonner Beta Systems Software AG

Beta Systems Software AG

euro adhoc: Beta Systems Software AG
Earnings
Beta Systems anticipates strong surge in earnings for FY 2003 (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
- Strong license business and revenues of over EUR 20 million 
in Q4 2003
- Revenues for FY 2003 increase to over EUR 55 million 
(2002: EUR 45.1 million)
- Pre-tax profit increases to approx. EUR 4.5 million in 2003
(2002: EUR 2.3 million)
Berlin, February 2, 2004 - Based on a preliminary assessment of its
Q4 2003 performance figures, Beta Systems Software AG expects to
achieve a considerable increase in revenues and earnings for fiscal
2003. Having negotiated a number of significant agreements, the
company was able to generate revenues of over EUR 20 million in the
fourth quarter of 2003 (Q4 2002: EUR 14.5 million). In particular,
license revenues increased to approx. EUR 12 million (Q4 2002: EUR
8.0 million). Overall, Beta Systems is anticipating an increase in
license revenues of more than 30% for the full 2003 fiscal year,
taking this figure to over EUR 26 million (2002: EUR 19.5 million).
As a result, total revenue for FY 2003 will advance beyond the
threshold of EUR 55 million; it will thus be approx. EUR 10 million,
i.e. more than 20%, higher than the figure posted in the previous
fiscal year (EUR 45.1 million). Based on this performance, pre-tax
profits are expected to be around EUR 4.5 million (2002: EUR 2.3
million). The palpable improvement in earnings is mainly the result
of a significant increase in operating income. At the end of FY 2003,
the company had cash and cash equivalents of approx. EUR 15 million.
- End of ad hoc announcement -
Issuer's information/explanatory remarks concerning this ad hoc
announcement:
The fourth quarter, a period in which sales are usually considered to
be particularly buoyant, was characterized by a number of license and
license upgrade deals in 2003, the main emphasis being on large-scale
companies and IT service providers. Within this context, Beta Systems
succeeded in negotiating license and service agreements, some of
which are long term, with several well-known German and European
banks, insurers, and financial services enterprises, as well as with
a major German airline. The principal share of the revenue increase
is attributable to the successful integration of the SAM product line
for security management, acquired in early 2003, as well as a number
of relatively substantial orders in the area of Document/Output
Management. Despite the unfavorable exchange rate, revenues in North
America also increased significantly.
AUDITED RESULTS FOR THE FULL FISCAL YEAR 2003 WILL BE MADE PUBLIC ON
MARCH 19, 2004, AND WILL BE FURTHER EXPLAINED AS PART OF A PRESS
CONFERENCE WITH BETA SYSTEMS' MANAGEMENT.
end of announcement        euro adhoc 02.02.2004

Further inquiry note:

Arne Baßler
Beta Systems Software AG
Tel.: +49 (0)30 726 118 0
Fax: +49 (0)30 726 118 800
E-Mail: ir@betasystems.com

Branche: Software
ISIN: DE0005224406
WKN: 522440
Index: CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade

Plus de actualités: Beta Systems Software AG
Plus de actualités: Beta Systems Software AG