The IT-service company from Hamburg generates a turnover growth of more than 83 per cent Accrued profit or loss and EBIT are above expectations Profit increase in the second quarter
Operative business of PDT GmbH integrated into the company structure Expansion of partnership with FileNet Cooperation with techem fixed in writing
nextevolution AG completes the first mid-term of 2006 above expectations The IT-service company from Hamburg generates again a distinct turnover increase Accrued profit or loss and EBIT are above expectations
Hamburg, August 17, 2006: nextevolution AG completed the first mid-term of the business year 2006. The company increased their total operating performance (turnover incl. changes in inventory and other operating income) from TEUR 3,296 (1st mid-term 2005) by TEUR 2,737 to TEUR 6,033. This corresponds with a percentual increase of 83.0 per cent. The resulting EBIT in the amount of TEUR 32 (previous year TEUR -37) is therefore above the internal plan and already contains the costs of the capital market transaction and of the listing as well as the related consulting costs.
During the second quarter of 2006, nextevolution AG generated an overall operating performance in the amount of 3,142 TEUR. This corresponds to an increase of 1,367 TEUR or 77.1 per cent in comparison to the same period last year. The EBT was improved substantially from -2 TEUR to 144 TEUR during the second quarter of 2006.
During the reporting period, the consolidated total operating performance that was not released during the mid-term report was 6,436 TEUR. As of June 30, 2006 the group's earning before tax was 314 TEUR. These numbers also contain nextevolution management consulting GmbH, which was not listed in the individual report of the AG. The result of nextevolution management consulting GmbH was mainly characterized by other operating income.
nextevolution AG continues to be on course to grow. The positive development of the business is primarily based on the company's strategic focus. The company expanded in their original fields of business. In particular, the partnership with FileNet will be expanded.
"Currently, nextevolution AG is by far the largest partner of FileNet in Germany. This prompted us to have talks with our partner to discuss opportunities for the expansion of our cooperation. An expansion of the cooperation would mean for us further improvement of our market position and a clear distinction to our competitors", said Peter Ohl, chairman of the board of nextevolution AG.
In addition, the business operation of Pylon Document Technology GmbH, which was absorbed in April 2006 (see press release from April 10, 2006), was completely integrated in the company structure of nextevolution AG. The resulting economical advantages will have a positive impact on the balance sheets of future quarterly reports.
The development of the business field Real Estate Management, created at the beginning of the year, is positively as well. "With the business field Real Estate Management we created a segment that contains significant strategic advantages on a medium to longterm scale. With the other fields of businesses we provide our customers with a range of solutions for the real estate industry. nextevolution offers complete one-source-service. These are convincing arguments for our customers", said Nils Manegold, CFO¡of nextevolution AG. This development was accelerated by the cooperation between nextevolution AG and the techem group, existing since June, and the spin-off of the software solution "wodis" (techem IT service). Wodis is the leading standard software solution for the real estate industry. The cooperation with techem AG and the integration of the software solution wodis are important milestones for nextevolution AG and at the same time, important growth factors.
The funds obtained during the listing at the stock exchange in March 2006 were invested during the first mid-term into the further expansion of the company structure and in the strategic expansion of the company. It is nextevolution AG's objective to position themselves as a service provider in the real estate market and to market the company's entire service portfolio and to use resulting synergies for the benefit of their customers.
The board
Contact: Hanseatic Trade Center Am Sandtorkai 74 20457 Hamburg Telephone : +49 (0)40 822232 0 Fax : +49 (0)40 822232 499 [email protected]
Note: This Announcement does neither constitute an offer for sale nor an invitation for submitting an offer for purchase or for subscription of shares. This Announcement does not constitute a selling prospectus. This Announcement and the information comprised herein are not intended for direct or indirect circulation to or within the United States of America, Canada, Australia or Japan."
