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Beta Systems Software AG

EANS-News: Beta Systems delivers positive EBIT for the third year in a row

Berlin (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Financial Figures/Balance Sheet/Preliminary Key Financial Data for 
fiscal 2009
- Persistent weakness in new orders in the ECM
solutions business causes revenues and profit to decline - Revenue 
growth in the wake of acquisitions in the infrastructure business 
(DCI/IdM) and active cost management secure an earnings before 
interest and tax (EBIT) at Group level of EUR 1.5 million - Spin-off 
of the ECM solutions business completed
Berlin, March 12, 2010 - Pending the outcome of the annual financial 
statements audit at Group level (according to IFRS), Beta Systems 
Software AG (BSS, ISIN DE0005224406) generated earnings before tax 
(EBT) of EUR 1.1 million (2008: EUR 6.0 million) and earnings before 
interest and tax (EBIT) of EUR 1.5 million (2008: EUR 6.4 million). A
positive result for the year was also generated in respect of Beta 
Systems Software Aktiengesellschaft (company financial statements 
under German Commercial Code (HGB)) in the fiscal year 2009.
Against the backdrop of successfully completed and integrated 
acquisitions in the high-margin infrastructure business (DCI and IdM 
Lines of Business (LoBs)), and especially owing to the sharp increase
in license revenues from identity management solutions, revenues in 
this business division were raised again on the back of a 
persistently high result in a year-on-year comparison.
The crisis-induced notable reluctance of banks to invest, in 
conjunction with the resulting decline in new orders in the ECM 
solutions business, however, caused a significant downturn in the 
revenues and result of the Group in 2009. This was counteracted by 
active cost management resulting in the another clearly positive EBIT
for the third fiscal year in a row. According to provisional 
calculations, consolidated revenues fell owing to the aforementioned,
and partly contrary effects, to EUR 81,8 million (2008: EUR 90.4 
million).
Preliminary Key Financial Data for fiscal 2009 at a Glance - EBIT 
remains positive at EUR 1.5 million (2008: EUR 6.4 million) / EBIT 
margin declines to 1.9% (2008: 7.1%) - EBITDA declines to EUR 5.0 
million (2008: EUR 10.3 million)/ EBITDA margin posts 6.1% (2008: 
11.4%) - Total revenues fall to EUR 81.8 million (2008: EUR 90.4 
million)
Spin-off of the ECM solutions business completed The spin-off of the 
ECM business to form Beta Systems ECM Solutions GmbH was completed on
March 1, 2010, upon entry of the company into the Commercial Register
of the District Court of Berlin Charlottenburg. The application for 
registration in the Commercial Register was made at the end of 
February, together with the requisite closing financial statements 
(drawn up under the German Commercial Code (HGB)). The shareholders 
of Beta Systems Software AG approved the spin-off at the 
extraordinary Meeting of Shareholders back in mid-December 2009.
Outlook for the fiscal Year 2010, Annual Results Press Conference and
Disclaimer The aforementioned figures are contingent on the audit of 
the annual financial statements and adoption and ratification of the 
financial statements at Company and at Group level by the Supervisory
Board. The complete, adopted and audited 2009 annual results and the 
outlook for the fiscal year 2010 are scheduled to be released on 
March 29, 2010, as part of an online Annual Results Press Conference 
and published on the website at http://www.betasystems.com under the 
Investor Relations/Financial Reports heading. All amounts cited in 
this information by the Company and information derived therefrom 
(e.g. percentage figures) are figures fully rounded up to thousands 
of euros as presented in preliminary Consolidated Financial 
Statements as at December 31, 2009.
End of the 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 enhance process optimization, improve security and
make IT more agile. They guarantee compliance with business 
requirements in respect of 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 product segment 
(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 to companies with high numbers of users. In its ECM 
Solutions Division (ECM & Document Solutions) Beta Systems develops 
customized solutions for large enterprises in the financial services 
sector, industry and trading in the areas of payments, processing of 
incoming post and general document management.
Beta Systems was founded in 1983, has been a listed company since 
1997, and 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 20
subsidiaries worldwide and cooperations with numerous partner 
companies. Throughout the world more than 1,400 customers use the 
products and solutions of Beta Systems in more than 3,300 running 
installations. At present, Beta Systems generates 50 percent of its 
sales from 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.
end of announcement                               euro adhoc

Further inquiry note:

Press contacts
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, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade

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