PC-Ware Information Technologies AG
PC-Ware catches up after solid third quarter
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
PC-Ware catches up after solid third quarter
Consolidated revenue of EUR 312 million after 9 months / Net profit for the
period of EUR 950 thousand
PC-Ware AG (Leipzig/Germany) has ended the first nine months of the current
financial year 2003/2004 (1 April 2003 to 31 December 2003) with a solid third-
quarter performance. The pan-European IT enterprise generated revenues of EUR
312 million in the first three quarters (same period a year ago: EUR 381
million). Earnings before interest, taxes, depreciation and amortisation
(EBITDA) stood at EUR 4.55 million (same period a year ago: EUR 11.06 million).
Recording earnings before taxes (EBT) of EUR 2.52 million (same period a year
ago: EUR 8.21 million), PC-Ware achieved a net profit for the period of almost
EUR 1 million (same period a year ago: EUR 4.6 million).
The normal business activities were not sufficient to emulate the performance
seen in the preceding financial year, which was influenced by one-off effects.
The fact that PC-Ware had been able to achieve a revenue increase in the third
quarter underlined the success of the company’s service orientation and the
restructuring measures within the area of sales, as initiated in the third
quarter.
Currently, the Group has high hopes for the strategic partnership established
with the Canadian IT service enterprise Softchoice Inc., a move which was
announced in January 2004. The companies intend to collaborate in Europe and
North America, with the express purpose of facilitating the process of
selecting, procuring, administering, and managing the software assets of
international key accounts.
end of ad-hoc-announcement (c)DGAP 26.02.2004
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
For further information about PC-Ware AG and the full quarterly report, please
refer to the company’s website at www.pc-ware.de, “Investor Relations” section.
Company Profile
PC-Ware Information Technologies AG is recognised as one of Europe’s premier IT
service enterprises. The Company has established a comprehensive service
portfolio, covering a diverse range of activities from the licensing of packaged
software to the provision of professional software management, system support,
and complete system house services. PC-Ware has emerged as the outright market
leader in Germany and the Netherlands within the field of software licensing and
licence management. Employing over 600 people, the Company has subsidiaries in
eight European countries (D, GB, F, I, NL, B, A, and CH) and serves a customer
base of more than 70,000 corporate clients. PC-Ware works in close cooperation
with a number of global players within the IT industry, including Microsoft,
SAP, Novell, IBM/Lotus, Attachmate, Network Associates, Computer Associates,
Fujitsu-Siemens, and Hewlett Packard. In September 2003, the Company established
PC-Ware Financial Service GmbH.
The Company has been operating profitably since its inception in 1990. PC-Ware
has been listed on the Frankfurt Stock Exchange since 5 May 2000.
(WKN: 691 090, ISIN: DE0006910904, Reuters Symbol: PCW) – Internet: www.pc-
ware.de
For further information:
PC-Ware Information Technologies AG
Stefan Edlich
Head of Communication and Marketing
Tel: +49 (0)341 25 68-000
E-mail: investor.relations@pc-ware.de
——————————————————————————–
WKN: 691090; ISIN: DE0006910904; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hannover und Stuttgart
260105 Feb 04
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found