- Audited consolidated financial statements 2005/6: - Revenue: EUR 593.9 million (+ 18% yoy) - Gross profit: EUR 77.8 million (+ 26% yoy) - EBITDA: EUR 12.4 million (+ 25% yoy) - Consolidated net profit: EUR 5.1 million (+ 14% yoy) - Dividend proposal of EUR 0.50 per share (+ 25% yoy) confirmed by Supervisory Board
Leipzig, June 23, 2006 - The consolidated financial statements, which were approved by the Supervisory Board of PC-WARE AG, reveal significantly higher earnings than initially suggested by preliminary figures.
As in the preceding financial year, all three business segments contributed to overall revenue, which rose to EUR 593.9 million (+ 17.9%) in total. In the core segment of Software Sales & Licensing (SSL) revenue increased by 9.3% to EUR 449 million - despite the sizeable share of the market already held within this area. The company is particularly encouraged by revenue gains achieved in the Professional Services (PS) segment, which grew to EUR 22.7 million (+ 20.9%) in total. The continued expansion of the company's system-house network following the takeover of Austrian-based Datacontact Handelsgesellschaft mbH and the acquisition of the remaining 50% interest in senas AG provided a considerable boost to activities within the business segment System House (ISS). Here, revenue totalled EUR 121.5 million (+ 64.8%), a considerable year-on-year improvement.
The share of foreign sales rose by 2.5 percentage points to 42.1% in the financial year just ended. This was attributable on the one hand to the acquisitions of Austrian-based Datacontact and the Scandinavian Ravenholm Group, and on the other hand to the exponential growth rates achieved by the company's foreign subsidiaries, the majority of which managed to exceed the revenue figures recorded a year ago. Revenue growth was particularly prominent in Austria (+ 540.8%), the United Kingdom (+ 172.7%) and France (+ 44.5%). This positive trend is also reflected in gross profit, which grew faster in relation to revenue - by 25.8% to EUR 77.8 million; EBITDA increased to EUR 12.4 million (+ 25.2%). Revenue and EBITDA are thus positioned at the upper end of the target range of EUR 570-580 million and EUR 10-12 million respectively, bearing testimony to the solid operational development of PC-WARE.
Recording a consolidated net profit (after minority interests) of EUR 5.1 million, PC-WARE managed to lift its bottom-line result by 14.4% year on year, despite a negative finance result. Earnings per share stood at EUR 0.84, i.e. 16.7% higher than a year ago. At the meeting held in connection with the approval of the financial statements, the Supervisory Board gave its consent to the proposal by the Management Board for the payment of a dividend in the amount of EUR 0.50 per share. Thus, PC-WARE has raised its dividend payout to shareholders by 25% compared with the previous year. Depreciation and amortisation fell by 6.9 % year on year, thus resulting in a rise in earnings before interest and taxes (and minority interests) (EBIT) by 39.1 % to the record level of ¤9.6 million. Earnings before taxes (and minority interests) (EBT), receded by 6.6 % year on year to ¤7.7 million as a result of a negative finance result of minus ¤1.96 million.
The audited financial statements will be published as part of the press conference to by held in Frankfurt a.M./Germany on 30 June 2006. The Annual General Meeting of PC-WARE AG takes place on 14 September 2006, in Leipzig/Germany.
Contact: Investor Relations Dr. Ingmar Ackermann PC-Ware Information Technologies AG Blochstrasse 1 04329 Leipzig Tel. +49 (0)341 25 68-148 [email protected]
WKN: 691090; ISIN: DE0006910904; Index: CDAX, Prime All Share, TECH All Share, GEX; Listed: Regulated Market of the Frankfurt Securities Exchange, Prime Standard of the Frankfurt Securities Exchange, Regulated Unofficial Market (Freiverkehr) of the Berlin Bremen Exchange, Regulated Unofficial Market (Freiverkehr) of the Düsseldorf Exchange, Regulated Unofficial Market (Freiverkehr) of the Stock Exchange of Lower Saxony Hanover, Regulated Unofficial Market (Freiverkehr) of the Stuttgart Exchange;
http://www.ir.pc-ware.de
--- End of Ad-hoc Message --- WKN: 691090; ISIN: DE0006910904; Index: CDAX, Prime All Share, TECH All Share, GEX; Listed: Geregelter Markt in Frankfurter Wertpapierbörse, Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in Börse Berlin Bremen, Freiverkehr in Börse Düsseldorf, Freiverkehr in Niedersächsische Börse zu Hannover, Freiverkehr in Börse Stuttgart;
