PC-Ware Information Technologies AG
PC-WARE Info. Technolog. english
PC-Ware starts new financial year with outstanding Q1 results
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Revenue growth of 55% to EUR 82.7 million, EBITDA: + 28% – purely organic growth
– Consolidation of BISON Systems AG to take place as part of first-half results
(Leipzig, 30th August 2003) In the first quarter (1st April 2002 – 30th June
2002) of the 2002/2003 financial year, the IT services company PC-Ware
Information Technologies AG, Leipzig (Germany), recorded a revenue increase of
55%, taking sales to EUR 82.7 million. Earnings before interest, taxes,
depreciation and amortisation (EBITDA) rose by 28% to EUR 1.15 million; earnings
before taxes grew to EUR 0.6 million in absolute terms compared with the same
quarter in the 2001/2002 financial year (previous year: EUR 0.5 million).
The results of the Swiss-based entity BISON Systems AG, in which PC-Ware holds a
70% majority interest, are not included in the first-quarter figures. The
closing of this investment was effected in July 2002, and therefore
consolidation of BISON Systems AG will take place as part of PC-Ware AG’s first-
half financial statements, retroactively for 1st April 2002. BISON Systems has
also started very positively indeed, with sales of EUR 14.3 million and EBITDA
of around EUR 0.5 million.
For the financial year 2002/2002 ending on 31st March 2003, PC-Ware is targeting
revenues of approx. EUR 450 million, which corresponds to year-on-year growth
of roughly 26%. In terms of EBITDA, PC-Ware is expecting to achieve an increase
of around 33%, taking EBITDA to EUR11.7 million.
end of ad-hoc-announcement (c)DGAP 30.08.2002
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
For further information:
PC-Ware Information Technologies AG
Stefan Edlich
Investor Relations
Phone: 0341 25 68-000
E-mail: investor.relations@pc-ware.de
PC-Ware Information Technologies AG (ISIN DE0006910904/WKN 691090):
The Leipzig-based IT specialist is recognised as one of Europe’s leading
licensers of standard, i.e. packaged, software. The company has a comprehensive
service portfolio comprising software management and systems support. It has
also established itself as a full-service system house. Employing around 560
members of staff, the company is the market leader in Germany. PC-Ware has
subsidiaries in seven European countries (D, GB, F, I, NL, A, CH) and serves a
customer base of more than 48,000 clients. The company operates in three areas
of the IT sector.
This service offering is divided into three business units: “Software Sales &
Licensing”, “Software Support & System Management” and “Integrated System
Solutions & Support”. PC-Ware cooperates closely with a number of global players
within the IT industry, including Microsoft, Novell, IBM/Lotus, Attachmate,
Network Associates, Computer Associates, Cisco and Compaq. PC-Ware has been
operating profitably since its formation in 1990.
Internet: http://www.pc-ware.de
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WKN: 691090; ISIN: DE0006910904; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hannover
und Stuttgart
300730 Aug 02
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