PC-Ware Information Technologies AG
PC-WARE Info. Technolog. english
PC-Ware exceeds targets by substantial margin
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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PC-Ware exceeds targets by substantial margin
(Leipzig, 21st February 2002) In the first three quarters (1st April 2001 –
31st December 2001) of the 2001/2002 financial year, the IT service specialist
PC-Ware Information Technologies AG, Leipzig (Germany), recorded a revenue
increase of 169%, taking sales to EUR293 million. Thus, the company
specialising in software management was able to meet – more or less – its
revenue target of EUR305 million, originally calculated for the full financial
year, after just nine months. Furthermore, in the first nine months of the
current financial year PC-Ware managed to increase earnings before interest,
taxes, depreciation and amortisation (EBITDA) by 128%, to EUR8.1 million; pre-
tax profits grew by 54% compared with the same period in the previous financial
year and now stand at EUR5.6 million (EBIT EUR4.9 million). In the full 2000/01
financial year, the company had generated EBITDA of EUR2.6 million and earnings
before interest and taxes (EBIT) of EUR1.1 million.
PC-Ware now expects to achieve revenues of EUR330 million for the 2001/2002
financial year ending 31st March 2002. In view of the fact that the fourth
quarter is also expected to produce a positive bottom-line result, EBITDA and
EBIT will also exceed the company’s targets.
PC-Ware is confident that the 2002/2003 financial year commencing 1st April 2002
will continue to develop positively. Alongside internal growth, the new BISON
Systems AG venture, Sursee (Switzerland), is to produce additional momentum.
Probably effective from 1st April 2002, PC-Ware will hold a 70% stake in the
Swiss-based company. In 2001, the equivalent predecessor, i.e. the “BISON
Systems” business unit within BISON Schweiz AG, posted EBITDA of around EUR2.6
million on sales of roughly EUR48 million within the area of IT systems and
networks.
PC-Ware will update its targets for the 2002/2003 financial year, mainly due to
the fact that the above-mentioned investment will further enhance the high-
margin activities within the company’s Systems and Services segment. The
increased targets are to be announced as part of the Financial Statements Press
Conference in June 2002.
Facts & Figures at a Glance:
First 9 Months 2001/02 First 9 Months 2000/01 Difference in %
Revenues EUR293m EUR109m + 169%
EBITDA EUR8.1m EUR3.6m + 128%
EBIT EUR4.9m EUR3.6m + 36%
PC-Ware Informations Technologies AG
WKN: 691 090
For further information, please contact:
PC-Ware AG
Dr. Jutta Horezky
CFO
Tel: 0341 25 68-000
E-mail: jutta.horezky@pc-ware.de
end of ad-hoc-announcement (c)DGAP 21.02.2002
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
Diese Mitteilung enthält bestimmte in die Zukunft gerichtete Aussagen. Diese in
die Zukunft gerichteten Aussagen spiegeln die Meinung von PC-Ware zum Datum
dieser Mitteilung wider. Die von PC-Ware tatsächlich erzielten Ergebnisse können
von den Feststellungen in den zukunftsbezogenen Aussagen erheblich abweichen.
PC-Ware ist nicht verpflichtet, in die Zukunft gerichtete Aussagen zu
aktualisieren.
This Ad hoc-release contains forward-looking statements that involve risks and
uncertainties. The forward-looking statements contained herein represent the
judgement of PC-Ware AG as of the date of this release. These forward-looking
statements are no guarantees for future performance, and the forward-looking
events discussed in this press release may not occur. PC-Ware disclaims any
intent or obligation to update any of these forward-looking statements.
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WKN: 691090; ISIN: DE0006910904; Index:
Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, München, Hannover und Stuttgart
210853 Feb 02
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