euro adhoc: ComputerLinks AG
quarterly or semiannual financial statement /
Strong growth in the 1st quarter of 2006
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
18.05.2006
The COMPUTERLINKS Group has started the financial year 2006 very successfully. Turnover has increased in the 1st quarter of 2006 by 74.5% to 90.0 million Euro (1st quarter 2005: 51.6 million Euro). Organic growth at 37% is also at a high level. EBITDA* (earnings before interest, taxes, depreciation and amortisation) rose to 3.1 million Euro in the 1st quarter of 2006 compared to 3.0 million Euro in the 1st quarter of 2005 (+3.4%). Net income for the period increased in the 1st quarter of 2006 from 1.7 million Euro (1st quarter 2005) to 1.9 million Euro. Despite an increase in the number of shares compared to the same period last year (+11.5%) earnings per share rose in the 1st quarter of 2006 to 0.28 Euro (1st quarter 2005: 0.27 Euro).
The pleasing start of COMPUTERLINKS North America in 2005 was continued in the 1st quarter of 2006. Our subsidiary in the USA produced turnover of 7.1 million Euro in the 1st quarter of 2006. The Scandinavian Group purchased on 1st May 2005 also made a successful start to 2006 with turnover of 12.3 million Euro.
The e-security division increased turnover at 78.3 million Euro by more than 80% compared to the 1st quarter of 2005. Turnover of 9.8 million Euro was achieved in the e-business division compared to 6.8 million Euro in the same period last year, an increase of 43.5%. There was an increase in the Professional Services division from 1.7 million Euro in the 1st quarter of 2005 to 1.9 million Euro in the 1st quarter of 2006.
Gross profit was 12.6 million Euro in the 1st quarter of 2006 compared to 9.2 million Euro in the same period of the previous year (+37.2%). Gross margins rose from 13.6% in the 4th quarter of 2005 to 14.0% in the 1st quarter of 2006. In the 1st quarter of 2005 gross margins stood at 17.7% - combined with far lower turnover.
Issuer's information/explanatory remarks regarding this ad hoc announcement:
Stephan Link, founder and CEO of COMPUTERLINKS AG commented: "The start of the new financial year has surpassed our expectations with an increase in turnover of 75% in the 1st quarter of 2006. We can face the challenges of 2006 optimistically as a result of the positioning of the COMPUTERLINKS Group in Europe and the USA."
At a glance (in million Euro):
01.01.-31.03.06 01.01.-31.03.05 Change in %** Turnover 90.0 51.6 +74.5 EBITDA 3.1 3.0 +3.4 EBIT 2.9 2.8 +2.4 Net income for the period 1.9 1.7 +14.4 Earnings per share in Euro 0.28 0.27 +2.6
** The percentage changes are based on values which have not been rounded off
* Unlike the previous classification foreign currency gains/losses are shown after the net interest result and are no longer factors influencing earnings before interest, taxes, depreciation and amortisation.
end of announcement euro adhoc 18.05.2006 07:46:50
Further inquiry note:
Bettina Zollner
Branche: Computing & Information Technology
ISIN: DE0005448807
WKN: 544880
Index: Nemax 50, CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade