euro adhoc: ComputerLinks AG
Annual Reports
Interim Report 1st Half of 2008
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6-month report
14.08.2008
PRESS RELEASE
COMPUTERLINKS continues its success
in the 2nd quarter of 2008Munich, 14.08.2008 - The COMPUTERLINKS Group was again able to maintain its successful position in the 1st half of 2008 despite the difficult economic climate and reports growth rates in double figures for all the essential key figures. Group turnover in the first half of 2008 increased by 19.4% to 245.0 million Euro (1st half of 2007: 205.1 million Euro). Gross margins stood at 13.4% after 6 months in 2008 (1st half of 2007: 14.1%). EBITDA (earnings before interest, taxes, depreciation and amortisation) rose in the 1st half of 2008 compared to the same period last year from 7.2 million Euro to 8.4 million Euro (+15.7%). Net income for the period increased by 17.9% to 4.9 million Euro in the first six months of the current fiscal year (same period last year: 4.1 million Euro) and earnings per share rose from 0.62 Euro to 0.72 Euro (+17.8%).
The e-security division saw growth of 21.6% to 218.7 million Euro in the first half of 2008 (1st half of 2007: 179.8 million Euro). Turnover of 21.0 million Euro was achieved in the e-business division compared to 20.5 million Euro in the same period last year. In the professional services segment turnover rose by 9.5% to 5.3 million Euro in the 1st half of 2008.
On a quarterly basis the Group increased turnover by 23.6% to 127.5 million Euro in the 2nd quarter of 2008 (previous year: 103.1 million Euro). Gross margins stood at 13.0% in the 2nd quarter of 2008 compared to 14.1% in the 2nd quarter of 2007. In addition to stronger price pressure on the sales side, larger orders, which are associated with lower gross margins, were also handled in the 2nd quarter. EBITDA increased by 16.6% to 4.3 million Euro in the 2nd quarter of 2008 (previous year: 3.7 million Euro). Earnings per share rose to 0.37 Euro in the 2nd quarter of 2008 (same quarter last year: 0.32 Euro), an increase of 15.0%.
Despite the generally negative assessments of overall economic trends in the USA and in our core European countries, the COMPUTERLINKS top management assumes that the positive business activity in the IT areas, in particular in the area of e-security, will continue also in the second half of the year.
At a glance (in million Euro)
| |01.01.-30.06.08 |01.01.-30.06.07|Change in %* | |Turnover |245.0 |205.1 |+19.4 | |EBITDA |8.4 |7.2 |+15.7 | |EBT |7.6 |6.7 |+13.4 | |Net income for the |4.9 |4.1 |+17.9 | |period | | | | |Earnings per share |0.72 |0.62 |+17.8 | |in Euro | | | | | | | | | | |2nd quarter 2008 |2nd quarter |Change in %* | | | |2007 | | |Turnover |127.5 |103.1 |+23.6 | |EBITDA |4.3 |3.7 |+16.6 | |EBT |3.8 |3.5 |+10.5 | |Net income for the |2.5 |2.1 |+15.1 | |period | | | | |Earnings per share |0.37 |0.32 |+15.0 | |in Euro | | | |
* The percentage changes are based on values which have not been rounded off
This press release and the English interim report for the 1st half of 2008 are available under www.COMPUTERLINKS.net.
Further information:
COMPUTERLINKS AG Daniela Drygalla - Investor Relations Stefan-George-Ring 23 D-81929 Munich Tel.: +49 (0) 89 930 99-227 Fax: +49 (0) 89 930 99-200 Email: Investor-Relations@COMPUTERLINKS.de Internet: www.COMPUTERLINKS.de
end of announcement euro adhoc
Further inquiry note:
Daniela Drygalla
Tel: +49(0) 89 93099227
investor-relations@computerlinks.de
Branche: Computing & Information Technology
ISIN: DE0005448807
WKN: 544880
Index: CDAX, Prime All Share, Technologie All Share
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