EANS-News: Beta Systems Software AG
Beta Systems doubles its net income in 2008
Berlin (euro adhoc) -
- Net income (IFRS) climbs to 4.8 million / 0.36 per share (2007: 2.3 million / 0.24 per share) - Net income of 1.3 million (German Commercial Code (HGB)) also clearly positive (2007: -3.0 million)
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Berlin, March 30, 2009 - Beta Systems Software AG (BSS, ISIN DE0005224406) today confirms the preliminary results already released for the fiscal year 2008 by presenting its audited and certified annual financial statements.
Earnings before interest and tax (EBIT) climbed to EUR 6.4 million (2007: EUR 5.8 million). Earnings before interest, tax, depreciation and amortization (EBITDA) rose to EUR 10.3 million (2007: EUR 9.4 million). Alongside significantly higher earnings before tax (EBT) of EUR 6.0 million (2007: EUR 4.9 million), net income for the year came to EUR 4.8 million (2007: EUR 2.3 million), thus putting the year-on-year increase in consolidated net income (under IFRS) at 108%, which is more than double the previous year's figure. Earnings per ordinary share has thus risen to EUR 0.36 (2007: EUR 0.24), which is also a new record. The result of Beta Systems Software AG, calculated under HGB, came to EUR 1.3 million for the year 2008 (2007: EUR -3.0 million) and was also clearly positive.
Revenues with software licenses were raised to EUR 29.2 million in comparison with the previous year's figure (2007: EUR 29.0 million). By contrast, revenues from services remained unchanged at EUR 14.5 million. Hardware revenues with scanners rose on the back of a number of major orders placed in the new system business to EUR 6.2 million (2007: EUR 3.3 million), while maintenance revenues fell marginally to EUR 40.5 million (2007: EUR 41.8 million). All in all consolidated revenues climbed by EUR 1.8 million to EUR 90.4 million in 2008 (2007: EUR 88.6 million).
Based on the Company's stable market position, strengthened in the wake of additions to the holdings portfolio, such as the effective takeover of the DETEC Group in 2009, management anticipates that raising revenues and profit should be possible in the current fiscal year as well.
Online Annual Results Press Conference (in German) and Annual Report 2008 Further details will be released and explained by the Management Board at 10 a.m. as part of an online Annual Results Press Conference (in German).
Link: https://betasystems-de.webex.com/betasystems-de/j.php?ED=118888 187&UID=0&PW=64807151180a585f095c Meeting password: Beta2008 Meeting code number: 705 956 105
The full Annual Report 2008 can be downloaded from the company website at http://www.betasystems.de under the heading Investor Relations/Financial Reports.
End of the press release
Beta Systems Software AG - Agility Integrated Beta Systems Software AG, Berlin (Prime Standard: BSS, ISIN DE0005224406) develops high-profile software products and solutions for the automated processing of large volumes of data and documents. These products and solutions serve to optimize processes and enhance security and the agility of IT. They guarantee compliance with business requirements relating to governance, risk management and compliance (GRC) and raise the performance of a company's IT in respect of availability, scalability and flexibility.
Beta Systems´ IT infrastructure software (Infrastructure & Operations Management) is geared towards optimizing job and output management in data centers across all sectors. In addition, Beta Systems offers products for automating IT user administration in companies with high numbers of users. In its ECM solutions business (ECM & Document Solutions) Beta Systems develops customized solutions for large enterprises in the financial services sector, industry and trading to facilitate payments, the processing of incoming post, and general document management.
Beta Systems was founded in 1983 and has been a listed company since 1997. It has a workforce of more than 600 employees. The company´s principal place of business is Berlin. Beta Systems operates through Centers of Competence in Augsburg, Cologne and Calgary, as well as 19 subsidiaries worldwide and cooperations with numerous partner companies. More than 1,400 customers throughout the world use the products and solutions of Beta Systems in more than 3,300 running installations. Beta Systems generates 50 percent of its sales from its international business. Around 200 of its customers are based in the USA and Canada.
More information on the Company and its products can be found under www.betasystems.com.
end of announcement euro adhoc
Further inquiry note:
PR contact:
Company contact:
Beta Systems Software AG
Stefanie Frey
Investor Relations
Tel.: +49 (0)30 726 118-171
Fax: +49 (0)30 726 118-800
e-mail: stefanie.frey@betasystems.com
Agency contact:
HBI PR&MarCom GmbH
Alexandra Osmani,
Alexandra Janetzko
Tel.: +49 (0)89 99 38 87-37/-32
Fax: +49 (0)89 930 24 45
e-mail: alexandra_osmani@hbi.de
e-mail: alexandra_janetzko@hbi.de
Branche: Software
ISIN: DE0005224406
WKN: 522440
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade