Tous Actualités
Suivre
Abonner Beta Systems Software AG

Beta Systems Software AG

euro adhoc: Beta Systems Software AG
quarterly or semiannual financial statement
Beta Systems announces results for the second quarter and the first half 2006

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
09.08.2006
CORPORATE NEWS RELEASE
AD HOC ANNOUNCEMENT PURS. TO SEC. 15 WpHG
Beta Systems announces results for the second quarter and the first
half 2006
Berlin, 9 August 2006 -The management board of Beta Systems Software
AG (BSS, ISIN DE 0005224406) announced after a detailed analysis of
the operating business and all balance sheet items for the second
quarter and first half 2006 that the exceptional expenditure items,
due to the risk assessment carried out in the second quarter and the
cost reduction and consolidation measures, are significantly above
the previous year’s level.
Beta Systems key financial figures for Q2 2006  - Revenue increased
to EUR 23.5 million (Q2 2005: EUR 23.4 million) - Special Items:
Exceptional expenses of EUR 12.3 million for cost reduction and
consolidation measures and the current risk assessment had an effect
on the operating result. - Operating result (from continued business
operations including aforementioned exceptional expenses) reduced to
EUR -15.4 million (Q2 2005: EUR -3.5 million) - Quarterly result
decreased to EUR -9.4 million / -1.08 per share (Q2 2005: EUR 4.1
million / EUR 0.50 per share) - Comparable, adjusted operating result
reduced to EUR -3.2 million (Q2 2005: EUR -2.5 million) - Comparable,
adjusted quarterly result reduced to EUR -2.1 million / EUR -0.23 per
share (Q2 2005: EUR -0.9 million / EUR -0.11 per share)
Beta Systems key financial figures for first half 2006  - Revenue
increased to EUR 45.3 million (HY 2005: EUR 43.2 million) - Special
Items: Exceptional expenses of EUR 13.0 million for cost reduction
and consolidation measures and the current risk assessment had an
effect on the operating result. - Operating result (from continued
business operations including aforementioned exceptional expenses)
reduced to EUR -19.0 million  (HY 2005: EUR -7.6 million) - Half-year
result reduced to EUR -10.9 million / EUR -1.25 per share (HY 2005:
EUR 2.0 million / EUR 0.24 per share) - Comparable, adjusted
operating result increased to EUR -6.0 million (HY 2005: EUR -6.6
million) - Comparable adjusted half-year result reduced to EUR -3.1
million / EUR -0.35 per share (HY 2005: EUR -2.5 million / EUR -0.30
per share)
End of ad-hoc announcement
Information and notes provided by the party issuing this ad-hoc
announcement:
Assessment of the current risk situation "The significantly reduced
operating result in the second quarter and first half 2006 as a
comparison with the previous year is in particular attributable to
the special items within the cost reduction and consolidation
measures and the assessment of the current risk situation which
amounted to a total of EUR 13.0 million", stated Kamyar Niroumand,
management board chairman of Beta Systems Software AG. "Therefore we
have undertaken a necessary assessment of the current risk situation
which involved some one-off items." In addition the management team
has been significantly slimmed down with two board members in the
future and one implementational first management level. I explained
in the last report that our company was to switch from restructuring
mode to growth mode. In Q2 we have set a positive signal here by
stabilising our revenue growth and halting the drop in the licence
business - our most important growth engine. We are continuing to
devote the highest level of attention to increasing our licence
business and at the same time we are working extremely hard to
improve our sustained results which we have not yet been able to in
this first half year."
Fine tuning of the company strategy: Focus, Focus, Focus Mr Niroumand
summarised his first 100 days as chairman of the management board of
Beta Systems Software AG as follows: "I have concentrated during this
period on our sales activities in the operating business and have
visited two to three important strategic customers every week. This
has been extremely helpful in the further development of our company
strategy. "The series of measures now agreed for the fine-tuning of
our strategy can be summarised with the words focus, focus and more
focus. We develop exclusive, high-value software products and
solutions for the secure and efficient processing of extremely large
data volumes. This consists of a concentration on software for the
safeguarding of business processes in large companies, especially in
the financial services and industrial sectors. In our international
business we are focussing on doubling the partner business in Europe
and on a long-term profitable presence in North America. In the
course of these measures we have slimmed down our country
organisations and a streamlined our portfolio.  Our prime objective
is to generate sustained positive results. This means that by 2008 at
the latest all the business sectors must be working profitably. Based
on the successfully implemented cost reduction and cost consolidation
measures and the current risk assessment we have carried out, we
expect that we will be able to increase our comparable, adjusted
operating result over the rest of the year.
The complete quarterly report will be published on the internet at
www.betasystems.com.
End of announcement
About Beta Systems Software AG, Berlin, Germany Beta Systems Software
AG (Deutsche Börse - Prime Standard: BSS) is a leading supplier of
infrastructure software for enterprise critical applications for the
automation and protection of business processes. Beta Systems
provides software in the following areas: Identity Management (IdM),
Enterprise Content Management (ECM) and Data Centre Infrastructure
(DCI). All solutions are able to process high-volumes of information
and throughput. They secure business critical data and help achieve
compliance by addressing regulatory requirements. The ECM product
range includes scanners and sorters from Kleindienst - a brand owned
by Beta Systems Software AG.
Beta Systems with headquarter in Berlin has been listed on the
Deutsche Börse (German stock exchange) since 1997 and currently
employs about 700 people. The company has 17 subsidiaries worldwide,
as well as numerous business partners. Beta Systems’ worldwide
customer base comprises more than 1,000 IT service providers and
large organisations from the fields of finance and insurance,
manufacturing, commerce, telecommunications, logistics and energy
supply, along with public sector organisations. For further
information please visit: www.betasystems.com
end of announcement                               euro adhoc 09.08.2006 14:01:57

Further inquiry note:

Contact Information
|Company Contact: |Agency Contact: |
|Beta Systems Software AG |HBI PR&MarCom GmbH |
|Arne Baßler |Corinna Voss, Melanie Körner |
|Corporate Communication |Tel.: +49 (0)89 99 38 87-0 |
|Tel.: +49 (0)30 726 118-170 |Fax: +49 (0)89 930 24 45 |
|Fax: +49 (0)30 726 118-881 |E-mail: corinna_voss@hbi.de; |
|E-mail: |melanie_koerner@hbi.de |
|arne.bassler@betasystems.com | |

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

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