Utimaco Safeware AG / Quarter Results
29.05.2008
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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Utimaco with a Strong Third Quarter of FY 2007/2008
Group revenues increased by 27.6% in third quarter to 14.4 million
(previous year: 11.3 million)
After nine months group revenues have grown by 17.4% to 43.9 million
(previous year: 37.4 million)
Operating result (EBIT) of 8.4 million ( previous year: 8.5 million)
achieved
After adjustments to take account of software capitalization e ffects,
operating result improved by 64.4%
Bloor Research positions Utimaco in the 'Champion Sector' of its study
about solution providers for 'Enterprise Data Protection'
Oberursel, 29th May 2008 - Utimaco today presented its results for the
first nine months (July 2007 to March 2008) of the current fiscal year
2007/2008 (July 2007 to June 2008). After a flat first quarter, and a very
good second quarter, the company, which specializes in data security,
succeeded in continuing its positive revenue development in the third
quarter with growth of 27.6% to 14.4 million (previous year:
11.3 million). After the first nine months, consolidated revenues grew by
17.4% to 43.9 million (previous year 37.4 million). The positive
business development resulted from the considerable increase in
contributions to revenues by the new product generation, SafeGuard
Enterprise, and from a very pleasing development in business with Lawful
Interception & Monitoring Solutions (LIMS).
After nine months, the Data Protection division, which develops
professional solutions for protecting the confidentiality and integrity of
data when it is stored, moved and used, increased its revenues from
software license sales and maintenance revenues by 12.4% to 33.3 million
(previous year: 29.6 million). Its license sales grew by 10.5% to 25.3
million (previous year: 22.9 million), of which 5.4 million were for
the new SafeGuard Enterprise product generation. After nine months,
SafeGuard Enterprise has already contributed 21.5% to the revenues from
license sales in the Data Protection division. In total, this division
achieved revenues worth 36.7 million in the first nine months of the
current fiscal year, an increase of 10.6% compared to the same period last
year (previous year: 33.2 million). This division's contribution to the
operating result (segment contribution) was 10.0 million (previous year:
10.9 million) and represents a margin of 27.1% (previous year: 32.8%).
After adjustments to take account of the amortization on capitalized
development costs, worth 1.2 million, and the capitalization effects from
the same period in the previous year, worth 2.8 million, this division's
segment contribution improved by 35.9% to 11.1 million (previous year:
8.2 million).
The Lawful Interception & Monitoring Solutions (LIMS) division, which
develops solutions for network operators and telecommunications providers
for the legally-compliant monitoring of telecommunications services,
increased its revenues by 70.3%, after nine months, to 7.2 million
(previous year: 4.2 million).
This division's contribution to the operating result (segment contribution)
rose by 76.7% to 3.4 million (previous year: 1.9 million) and
represents a margin of 46.8% (previous year: 45.1%). In the third quarter,
a major Scandinavian telecommunications and network equipment supplier was
won as a new OEM partner for the LIMS business. Following successful
cooperation with Huawei, the leading Chinese telecommunications provider, a
framework agreement was signed that permits Huawei to sell the Utimaco LIMS
solutions to its own customers, world-wide.
After nine months, Utimaco achieved an EBITDA worth 10.4 million
(previous year: 9.8 million), which corresponds to a margin of 23.7%
(previous year: 26.1%). The EBITDA result achieved in the same period in
the previous year was positively affected by capitalized development costs
worth 2.8 million.
The operating result (EBIT) equalled 8.4 million (previous year: 8.5
million), with an EBIT margin of 19.2% (previous year: 22.7%). After
adjustments to take account of the amortization on capitalized development
costs, worth 1.2 million, and the capitalization effects from the same
period in the previous year, worth 2.8 million, the operating result
improved by 64.4%, compared to the same period in the previous year.
The result before tax (EBT) was 9.3 million (previous year: 9.3
million), which corresponds to a margin of 21.1% (previous year: 24.8%).
The result after tax (EAT) was 6.6 million, (previous year: 6.5
million), with a margin of 15.0% (previous year: 17.5%). The result per
share equaled 0.45 (previous year: 0.44).
After nine months a positive operating cashflow of 2.2 million (previous
year: 8.9 million) was achieved. It was affected among other things by
tax payments worth 3.0 million (previous year: 1.7 million), of which
1.5 million were for earlier periods.
On 31st March 2008, liquid assets, including securities that can be
liquidated at short notice, equaled 33.2 million (on 30th June 2007:
33.1 million).
In April 2008, the market research company Bloor Research positioned
Utimaco as one of the leading solution providers in the 'Champions sector'
of the 'Enterprise Data Protection' study. This study evaluated the
product portfolio of various suppliers against an 'ideal' data security
product, which not only protects data from unauthorised access but also
against misuse by insiders who do have access authorisation (Data Leakage
Prevention). Since the end of 2007, Utimaco has offered a DLP solution as a
stand-alone product, and intends to integrate this technology in the
SafeGuard Enterprise security suite.
'Successfully launching our new product generation SafeGuard Enterprise in
the market is our most important aim in this business year. I am extremely
pleased that we have made such good progress in changing over to the new
product portfolio, with an ongoing increase in our revenues from license
sales. The excellent evaluation of our product strategy by leading market
analysts confirms our conviction that we are today better placed than ever
before to profit from the positive development of the IT security market',
said Martin Wülfert, CEO of Utimaco Safeware AG.
For the fourth quarter of 2007/2008, the company expects to see increasing
contributions to sales revenues from SafeGuard Enterprise and continued
double-digit growth figures across the group. As the positive effects on
earnings due to the capitalization of software has come to an end, and the
amortization of capitalized development costs has begun, the company's
result for 2007/2008 will be burdened by an additional 3.9 million,
compared to the previous fiscal year. However, the company does want to
improve its profitability in the year 2007/2008 as a whole, in comparison
to the previous year.
The results for the first nine months of 2007/2008 will be discussed in
detail in a telephone conference for analysts today. You can view the
report for the first nine months on the Utimaco website, in the Investor
Relations section.
Utimaco Safeware AG The Data Security Company.
Utimaco is a leading global provider of data security solutions, enabling
mid- to large-size organizations to safeguard their data assets against
intentional or unintentional data loss, and to comply with privacy laws.
Utimaco's complete range of data security solutions provide full 360 degree
data protection for data at rest, data in motion and data in use. Utimaco
offers its customers comprehensive on site support via a worldwide network
of certified partners and subsidiaries. Utimaco Safeware AG, with
headquarters in Oberursel, near Frankfurt, Germany, is listed on the
Frankfurt Stock Exchange (ISIN DE0007572406). For more information about
Utimaco Safeware, go to: www.utimaco.com
Utimaco Safeware AG
www.utimaco.com
Jutta Stolp, CIRO
Investor Relations
Tel.: +49 (61 71) 88 - 11 17
jutta.stolp@utimaco.de
DGAP 29.05.2008
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Language: English
Issuer: Utimaco Safeware AG
Hohemarkstraße 22
61440 Oberursel
Deutschland
Phone: +49 (0)6171 88 - 0
Fax: +49 (0)6171 88 - 1290
E-mail: info@utimaco.de
Internet: www.utimaco.de
ISIN: DE0007572406
WKN: 757240
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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DGAP-News: Utimaco Safeware AG: Utimaco with a Strong Third Quarter of FY 2007/2008
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