DGAP-News: caatoosee AG: caatoosee: first-quarter revenue rose slightly in 2008

caatoosee ag / Quarter Results

15.05.2008 

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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caatoosee: first-quarter revenue rose slightly in 2008 

The IT specialist caatoosee registered continued favourable business
developments in the first quarter of 2008.  Revenue rose to EUR 4.9
million, slightly above the previous year’s figure (EUR 4.8 million). Net
income for the period amounted to EUR 0.4 million, up on the previous
year’s figure (EUR 0.2 million). The order backlog in the first three
months of the financial year 2008 prompts expectations for 
sound revenues development in the course of the year.

Leonberg (Germany) – 15 May 2008

In the first quarter of 2008, caatoosee generated revenue amounting to EUR
4.9 million (previous year: EUR 4.8 million) and EBIT of EUR 0.3 million
(previous year: EUR 0.3 million). Net income for the period amounted to EUR
0.4 million in the first quarter of 2008, up on EUR 0.2 million in the
previous year. Earnings per share amounted to EUR 0.01 (previous year: EUR
0.01). At 26.3%, development of the gross profit margin in the first
quarter of 2008 was just above the previous year’s level, 24.3%.

At 78.1%, the equity ratio of caatoosee at the end of the first quarter of
2008 was at the same level as at 31 December 2007, which was the case with
cash and cash equivalents and securities as well, which amounted to EUR
11.8 million. Their combined share of the balance sheet total declined
slightly to 55.6%, down from 56.8% at the end of the financial year 2007.

Teraport GmbH, which acts as the operating unit of the caatooseee Group,
increased revenue in the first quarter of 2008 to EUR 4.9 million (previous
year: EUR 4.7 million). At EUR 0.8 million, EBIT was at the previous year’s
level. The Company stepped up its sales activities considerably in the
current financial year. The corporate strategy in this respect is focused
on investments in staff, qualifications and the range of services, which is
reflected by the increase in selling expenses.

caatoosee ag ’s earnings trend is similar to that exhibited in the previous
year. Revenue amounted to EUR 0.1 million (previous year: EUR 0.1 million),
and EBIT was
EUR -0.5 million (previous year: EUR -0.5 million). The result is chiefly
attributable to administrative and selling expenses, resulting from
start-up costs for acquisition-based growth and from expanded sales
activities.

The Group made gains with respect to existing and new customer business in
the first quarter. The order backlog increased by EUR 2.0 million from EUR
22.5 million as at 31 December 2007 to EUR 24.5 million, which is an 8.9%
gain.

In the financial year 2008, the Company’s focus continues to be on the
expansion of its investment portfolio in addition to the promotion of
organic growth. Potential candidates for acquisition can be found among IT
companies in the consulting and services sector.

The Management Board

caatoosee ag, which is listed in the Prime Standard (German Securities Code
Number: A0EPUK; ISIN: DE 000A0EPUK5) and headquartered in Leonberg near
Stuttgart, operates in the fields of IT outsourcing and services.
Management Board: Guido Alt (CEO), Stefan Ahrens (CFO), Michael Grünschloß
(COO). Supervisory Board: Reimund Blessing (Chairman), Hans Ulrich Dörr,
Dirk Alt, Rolf Huber, Günther Paul Löw  and Jan Tenné.> more information

caatoosee ag
ph + 49 (0) 7152.355-6621
fx + 49 (0) 7152.355-6650
investors@caatoosee.com


DGAP 15.05.2008 
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Language:     English
Issuer:       caatoosee ag
              Riedwiesenstr. 1
              71229 Leonberg
              Deutschland
Phone:        +49-(0)7152-355-6000
Fax:          +49-(0)7152-355-6650
E-mail:       investors@caatoosee.com
Internet:     www.caatoosee.com
ISIN:         DE000A0EPUK5
WKN:          A0EPUK
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Berlin, Stuttgart, Düsseldorf, München
End of News                                     DGAP News-Service
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