euro adhoc: Heiler Software AG
quarterly or semiannual financial statement /
Heiler Software with high growth and profit in the 1st quarter 2006/07
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
14.02.2007
Stuttgart, February 14, 2007 - Heiler Software AG, one of the leading provider of electronic product information solutions and catalog management systems, increased Group revenues in the first quarter of fiscal year 2006/07 (10/01/2006 - 12/31/2006) from 2.16 million Euro to 2.51 million Euro and net income for the period from 0.13 million Euro to 0.44 million Euro and so established records for sales revenues and net income.
The positive business development stems mainly from new cus-tomers in Germany and the US and relates mainly to the strong margin field of the product-related business. License revenues increased from 0.65 million EUR to 0.89 million EUR (+37%) when compared to the good value of the corresponding period of the prior year. Maintenance revenues increased from 0.24 million Euro to 0.38 million Euro (+62%). Hosting and so-called Application Service Providing (ASP)-revenues improved from 0.16 million Euro to 0.19 million Euro (+19%). The successful completion of an implementation phase of a bigger customer project led to a temporary decrease in consulting revenues from 1.04 million Euro to 0.98 million Euro (-5%).
The growth in the product-related business led to an increase of gross profit from 1.32 million Euro to 1.70 million Euro and to an improvement of gross margin from 61% to 67% when compared to the corresponding period of the prior year. The increase in sales and marketing expenses due to the planned expansion of the international sales organization (+0.25 million EUR) and increased research and development expenses resulting from the merger of OKS Software AG are the main reasons, that in spite of the strong increase in sales revenues, earnings before interest and taxes (EBIT) with 0.05 million EUR remained at about the level of the prior year.
The increase in the results of interest led to a strong improvement of earnings before taxes from 0.12 million Euro to 0.44 million Euro and of net income for the period from 0.13 million Euro to 0.44 million Euro. Accordingly, earnings per share increased from 0.01 Euro to 0.04 Euro. Therewith, Heiler Software recorded its best quarterly results of its corporate history.
More information as well as the complete report for the first quarter 2006/07 can be found at www.heiler.com.
end of announcement euro adhoc 14.02.2007 09:03:32
Further inquiry note:
Branche: Software
ISIN: DE0005429906
WKN: 542990
Index: 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