PC-Ware Information Technologies AG
PC-WARE Info. Technolog. english
PC-Ware increases Q1 2003/2004 revenue to EUR 92.3 million
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
PC-Ware increases Q1 2003/2004 revenue by 12 per cent to EUR 92.3 million
Quarterly earnings before interest, taxes, depreciation and amortisation grow by
26 per cent
The first quarter of the 2003/2004 financial year (1 Apr. to 30 Jun. 2003)
proved to be another period of sustained growth for PC-Ware AG
(Leipzig/Germany). As the Leipzig-based IT services enterprise announced on
Wednesday, sales revenues rose by 12 per cent to EUR 92.3 million compared with
the same period a year ago (Q1 2002/2003: EUR 82.7 million). Specialising in
software licensing and IT services, the company also succeeded in enhancing its
earnings performance. Earnings before interest, taxes, depreciation and
amortisation (EBITDA) grew by 26 per cent to EUR 1.5 million (Q1 2002/2003: EUR
1.2 million).
In fact, in absolute terms PC-Ware increased the gross profit margin by 3.2
percentage points to 12.4 per cent year on year. This performance was mainly
attributable to synergies exploited within the pan-European group and the
company’s focus on high-margin products and services.
With a proportion of sales in the region of 38 per cent, the European
subsidiaries contributed to the total revenue. So, PC-Ware is rapidly evolving
into one of Europe’s leading IT service enterprises (Proportion of foreign
sales 2002/2003: 30 per cent).
PC-Ware is confident that the second quarter of the 2003/2004 financial year
will produce moderate growth. PC-Ware expects to return to the normal level of
seasonality in the current financial year, i.e. the third quarter is likely to
be stronger. As in the past, PC-Ware remains committed to securing its position
as a going concern, maintaining a consistent approach in terms of dividend
payments, and generating growth.
end of ad-hoc-announcement (c)DGAP 27.08.2003
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
Press contact:
Stefan Edlich, Head of marketing/ communication, Phone 0341-2568 000, E-mail
public.relations@pc-ware.de
PC-Ware AG
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 wide 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,
Novell, IBM/Lotus, Attachmate, Network Associates, Computer Associates, Fujitsu-
Siemens, and Hewlett Packard. 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: http://www.pc-ware.de
——————————————————————————–
WKN: 691090; ISIN: DE0006910904; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hannover und Stuttgart
270729 Aug 03
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found