Announcement no. 13 -2007
14 August 2007
Profit announcement for the second quarter and first half-year of 2007
The work to build up Danware subsidiaries in the United States, the UK and
Germany is progressing to plan. The number of Danware partners is growing
steadily and several initiatives are currently underway to produce the revenue
improvement expected in the remainder of 2007. Danware grew its revenue in Q2
and retains expectations for the full-year 2007.
Q2 revenue was DKK 28.7m (Q2 2006: DKK 27.4m), bringing H1 2007 revenue to DKK
52.1m, equal to a 6% increase from the H1 2006 figure of DKK 49.0m.
The Q2 Desktop Management revenue was DKK 23.3m, bringing H1 revenue to DKK
41.3m (H1 2006: DKK 36.3m). Q2 Education revenue was DKK 5.1m, bringing H1
revenue to DKK 10.0m compared with revenue of DKK 12.1m in H1 2006. The H1
Security revenue rose to DKK 0.8m from DKK 0.6m in H1 2006.
Operating profit before depreciation and amortisation (EBITDA) was DKK 3.8m in
Q2 2007 and DKK 3.9m for the first half-year, which was in line with
expectations.
Operating profit (EBIT) was DKK 2.0m in Q2 2007 compared with DKK 0.8m in the
year-earlier period. H1 2007 EBIT was DKK 0.2m relative to DKK1.8m in H1 2006.
The anticipated lower profit is primarily attributable to the planned costs in
connection with the implementation of the new sales and marketing strategy
involving Danware subsidiaries.
The H1 2007 net profit was DKK 1.1m against DKK 1.5m in H1 2006.
Following the launch of a number of activities, we retain our full-year 2007
forecasts of revenue of DKK 130-135m and EBITDA of approximately DKK 16m.
Contact
Peter Grøndahl, CEO, tel. +45 4590 2525, e-mail pg@danware.dk
Danware's core business is to develop and market software products based on the
NetOp® core technology - a technology enabling swift, secure and seamless
transfer of screens, sound and data between two or more computers. The company's
three product areas are Desktop Management, Education and Security. The core
product in Desktop Management, NetOp® Remote Control, enables remote control of
one or more computers from another computer. NetOp® School, the core product in
Education, is a software application for computer-based classroom teaching. The
Security business products are NetOp® Desktop Firewall and NetOp® Netfilter. All
are plug ‘n play products offering extensive functionality, flexibility and
user-friendliness. Danware's products are sold in more than 80 countries. In
2006, the company generated revenue of DKK 98m. Danware is listed on the OMX
Nordic Exchange Copenhagen A/S (symbol DANW) and is a component of the Small
Cap+ index.
