PC-Ware Information Technologies AG
PC-WARE Info. Technolog. english
PC-Ware increases annual revenue by 30 per cent to EUR 464 million
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Annual results for the 2002/2003 financial year:
PC-Ware increases revenue by 30 per cent to EUR 464 million
Net profit grows by 32 per cent to EUR 4.1 million
Proposed dividend of 30 cents per share
PC-Ware AG (Leipzig/Germany) has concluded the 2002/2003 financial year (1 Apr.
2002 to 31 Mar. 2003) with its best financial performance since its inception.
The IT enterprise with pan-European operations was able to increase its revenue
by 30 per cent to EUR 464.4 million (2001/2002: EUR 356.9 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 11.1 million
(2001/2002: EUR 8.8 million). Net profit for the period rose to EUR 4.1 million
(EUR 4.8 million based on DVFA/SG), compared with EUR 3.1 million (EUR 2.6
million based on DVFA/SG) in the same period a year ago. At the company’s
General Meeting of Shareholders, the Management Board and the Supervisory Board
will be proposing a dividend payment of 30 cents per share (2001/2002: 27
cents).
Roughly two-thirds of the revenue increase was attributable to organic growth.
In total, PC-Ware now generates a third of its revenues outside Germany. The
company currently employs approx. 580 members of staff throughout Europe.
Despite ambivalent economic forecasts, PC-Ware’s main focus in the 2003/2004
financial year will yet again be on securing its position, delivering
consistent dividends, and accelerating growth. By spearheading an incisive
campaign of European expansion and harnessing synergies within the Group, PC
Ware intends to bolster its leading position in software licensing and enhance
it profitability levels.
end of ad-hoc-announcement (c)DGAP 30.06.2003
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
Contact:
Stefan Edlich
Phone: 0341-2568 000, E-mail: investor.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 standard
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 580 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
cooperates closely 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 : www.pc-ware.de
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WKN: 691090; ISIN: DE0006910904; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hannover und Stuttgart
300729 Jun 03
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