PC-Ware Information Technologies AG
PC-WARE Info. Technolog.: Best Q3 in company’s history
Ad hoc announcement §15 WpHG
PC-Ware records best Q3 in company’s history
PC-WARE Info. Technolog.: Best Q3 in company’s history
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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PC-Ware records best Q3 in company’s history
Revenue +35%, EBT +194%, Q3 net profit +240%
Leipzig, 28 February 2005
In a third quarter buoyed by strong seasonal business, PC-Ware AG increased
consolidated revenue by 35% year on year to EUR 174.6 million, while earnings
before taxes (and minority interests) (EBT) soared by 194% to EUR 4.3 million
and net income for the period by 240% to EUR 2.6 million.
Based on this performance, the company generated EUR 396.9 million in revenue
over the first nine months of the current financial year – a year-on-year
increase of 27% and the highest nine-month total since the inception of PC-
Ware AG.
Growth was driven by all three areas of business and all foreign subsidiaries.
The company’s foreign subsidiaries contributed 33% to total revenue in the
third quarter, compared with 24% in the same period a year ago.
Revenue growth was particularly impressive in the UK (+ 349%), Italy (+ 156%)
and the Netherlands (+ 86%).
The main growth drivers in the third quarter (1.10. to 31.12.2004) were:
– Increased demand for standard software. As a result, revenue generated by
the Software Sales & Licensing (SSL) unit grew by 35% to EUR 149.4 million.
The share attributable to higher margin non-Microsoft products increased by an
impressive 73% to EUR 32.1 million.
– The ability to identify services required within the market. The Services
(S3M) unit recorded revenue growth of 149% to EUR 5.6 million.
– The growing appreciation of the company’s expertise in the area of system-
house business (Segment ISS). Revenue generated in this area grew by 20% to
EUR 19.7 million.
The Management Board has forecast a very solid earnings performance for the
full financial year and is confident that the original revenue target of EUR
460 to 470 million will be exceeded slightly. EBITDA is expected to be between
EUR 8 and 10 million.
Despite the continued expansion of the sales and distribution structures and
the systems-house business, earnings before taxes (EBT) were propelled upwards
by + 194% in the third quarter. Within this context, EBT benefited from a
reduction in the proportion of staff costs and other operating expenses, as
well as the tangible increase in net interest income, which surged by 331%.
Contact:
Investor Relations
Dr. Ingmar Ackermann
Tel. +49 (0)341 25 68-148
investor.relations@pc-ware.de
PC-WARE Information Technologies AG
Blochstraße 1
04329 Leipzig
Deutschland
ISIN: DE0006910904
WKN: 691090
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hannover und Stuttgart
End of ad hoc announcement (c)DGAP 28.02.2005
281120 Feb 05
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