EANS-News: Beta Systems underpins uptrend by achieving an increase in revenues and profit in the first quarter of 2009
Berlin (euro adhoc) -
Revenues advance 1.6 % to 20.3 million (Q1/2008: 20.0 million) Double-digit growth rates in the software license and services business Earnings before interest and tax (EBIT) reaches breakeven as early as the first quarter
Corporate News übermittelt durch euro adhoc. Für den Inhalt ist der Emittent/Meldungsgeber verantwortlich.
Börse
Berlin, April 30, 2009 - Beta Systems Software AG (BSS, ISIN DE0005224406) reached breakeven by the first quarter of 2009 in terms of EBIT, as compared with a loss of EUR -0.6 million in the first quarter of 2008. This good quarterly result marks the continuation of the Company´s positive performance, with an upbeat start to the year 2009. Counter to the general trend in the market, the Berlin-based software supplier raised its high-margin business with software licenses and services in the double-digit range by 15.6% to EUR 5.8 million (Q1/2008: EUR 5.1 million) and 25.7% to EUR 3.8 million (Q1/2008: EUR 3.0 million) respectively in the first three months of the current fiscal year. Maintenance revenues came in at EUR 10.0 million, virtually unchanged from the previous year´s level (Q1/2008: EUR 10.1 million). Revenues generated by business with scanner hardware fell due to seasonal influences to EUR 0.7 million (Q1/2008: EUR 1.9 million). As a result, total revenues rose marginally by 1.6% to EUR 20.3 million (Q1/2008: EUR 20.0 million).
Other Key Financial Data for Q1/2009 at a Glance: EBITDA (earnings before interest, tax, depreciation and amortization) doubled to EUR 1.0 million (Q1/2008: EUR 0.5 million) The cash flow from operating activities, which posted EUR 10.7 million, remained at a consistently high level (Q1/2008: EUR 12.4 million) The result for the period (after tax) stood at EUR -0.1 million and EUR -0.01 per share (Q1/2008: EUR -0.6 million and EUR -0.04 per share)
Statement by the Management Board "Achieving EBIT breakeven by the first quarter of 2009 is an extremely positive signal which indicates how strong and robust our business model is, particularly against the background of the currently tense situation in the global IT market. Owing to the seasonal nature of our business, as reflected by revenues, this has only been achieved once in the history of our company", explained Kamyar Niroumand, Chief Executive Officer of Beta Systems Software AG, and added: "There was a notable increase in the demand of our customers for security and compliance/GRC products as well as automated solutions."
The full 3-Monthly Report 2009 will be released on May 5, 2009 and posted on the company´s website at http://www.betasystems.com under the heading Investor Relations/Financial Reports.
End of the press release
Beta Systems Software AG - Agility Integrated Beta Systems Software AG, Berlin (Prime Standard: BSS, ISIN DE0005224406) develops high-profile software products and solutions for the automated processing of large volumes of data and documents. These products and solutions serve to optimize processes and enhance the security and agility of IT. They guarantee compliance with business requirements relating to governance, risk management and compliance (GRC) and raise the performance of a company´s IT in respect of availability, scalability and flexibility.
Beta Systems´ IT infrastructure software (Infrastructure & Operations Management) is geared towards optimizing job and output management in data centers across all sectors. In addition, Beta Systems offers products for automating IT user administration in companies with high numbers of users. In its ECM solutions business (ECM & Document Solutions) Beta Systems develops customized solutions for large enterprises in the financial services sector, industry and trading to facilitate payments, the processing of incoming post, and general document management.
Beta Systems was founded in 1983 and has been a listed company since 1997. It has a workforce of more than 600 employees. The company´s principal place of business is Berlin. Beta Systems operates through Centers of Competence in Augsburg, Cologne and Calgary, as well as 19 subsidiaries worldwide and cooperations with numerous partner companies. More than 1,400 customers throughout the world use the products and solutions of Beta Systems in more than 3,300 running installations. Beta Systems generates 50 percent of its sales from its international business. Around 200 of its customers are based in the USA and Canada.
More information on the Company and its products can be found under www.betasystems.com.
Rückfragehinweis:
PR contact:
Company contact:
Beta Systems Software AG
Stefanie Frey
Investor Relations
Tel.: +49 (0)30 726 118-171
Fax: +49 (0)30 726 118-800
e-mail: stefanie.frey@betasystems.com
Agency contact:
HBI PR&MarCom GmbH
Alexandra Osmani,
Alexandra Janetzko
Tel.: +49 (0)89 99 38 87-37/-32
Fax: +49 (0)89 930 24 45
e-mail: alexandra_osmani@hbi.de
e-mail: alexandra_janetzko@hbi.de
Branche: Software
ISIN: DE0005224406
WKN: 522440
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / Regulierter Markt/Prime Standard
Börse Berlin / Freiverkehr
Börse Hamburg / Freiverkehr
Börse Stuttgart / Freiverkehr
Börse Düsseldorf / Freiverkehr