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Parsytec AG

2006: Higher net return despite decrease in revenue

Aachen (euro adhoc) -

13 % decline in order entry, cash growth by 11 %
Outlook: Just under double-digit revenue growth expected in 2007
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies/Annual Result 2006
Aachen - 13 March 2007. Parsytec AG - the
world's leading producer of surface inspection systems for strip
products - announces its results of the financial year 2006 as of 31
December 2006. The accounting has been made according to
International Financial Reporting Standards (IFRS). There were no
changes to the preliminary results published on 21 February 2007.
|(EUR m)                 |12 M    |12M 2005|Q4 2006 |Q4 2005 |
|                        |2006    |        |        |        |
|Order entry             |22.7    |26.0    |6.7     |8.6     |
|Revenue                 |23.5    |28.6    |5.6     |6.6     |
|EBIT                    |1.5     |2.2     | 0.02   |0.6     |
|EAT                     |1.3     |1.5     |0.1     |0.4     |
|Net return on revenue   |5.5 %   |5.2 %   |1.9 %   |6.2 %   |
|RoE (before taxes)      |10.4 %  |10.0 %  |3.2 %   |10.7 %  |
|                        |        |        |        |        |
Order entry and revenue decline on an annual basis
In financial year 2006, Parsytec had  an  order  entry  amounting  to
EUR  22.7 million. This signifies a reduction of 13 % compared  with
the  2005  financial year figure of EUR 26.0 million. In the fourth
quarter of 2006, an  order  entry of EUR 6.7 million was achieved, 22
% under the strong figures from  the  fourth quarter of 2005.
Revenues declined by 18 %  compared  with  the  previous  year.
Having achieved revenues of EUR 28.6 million  in  2005,  revenues  of
EUR  23.5 million were posted in 2006. In the reporting quarter,
there was  a  decline  of 15 % against the previous year quarter to
EUR  5.6  million.  The  weakness  in revenue and order entry results
primarily from order delays  and  price  erosion due to competitive
conditions.
Profitability increase on an annual basis to 5.5 %
In 2006, the net return on revenue improved by 0.3 percentage points
as  against 2005 to 5.5 %. This was  the  result  of  increasing
flexibility  in  operating expenses and reducing manufacturing costs.
The cost reduction is also  reflected in the development of the gross
profit margin (as a ratio  of  gross  profit  to revenue) which
increased from 51 % in 2005 to 56 % in 2006. In Q4 2006  the  net
return on revenue amounted to 1.9 % (compared to 6.2  %  in  the
previous  year quarter).
Outlook: Just under double-digit revenue growth expected in 2007
For the market of surface inspection systems as a  whole,  the
Company  expects the number of units sold to rise  again  in  2007
compared  with  the  downward movement in 2006. Revenue in 2007 is
expected  to  exceed  the  previous  year's figure with a growth rate
of just under  double  digits.  The  gross  margin  is estimated to
fall slightly compared with 2006 because of  the  prevailing  price
pressure. Following the slight increase in relative profitability in
2006,  the Company is aiming for absolute growth in earnings and  the
achievement  -  once again - of a net return on revenue of a good 5 %
in 2007.
end of announcement                               euro adhoc 13.03.2007 07:37:15

Further inquiry note:

Parsytec AG
Investor Relations
Tel ++49(241)9696-200
Fax ++49(241)9696-500
e-Mail: ir@parsytec.de
Internet: www.parsytec.de

Branche: Software
ISIN: DE000A0JQ4J9
WKN: A0JQ4J
Index: Prime All Share, Technologie All Share, CDAX
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

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