Aldata Solution Oyj
STOCK EXCHANGE RELEASE
19 August 2008 at 9.00 a.m. (EET)
ALDATA SOLUTION INTERIM REPORT JANUARY - JUNE 2008
(unaudited)
The quarterly figures are prepared according to the principles of
International Financial Reporting Standards (IFRS).
Aldata in Q2 2008 (compared to Q2 2007)
* Net sales were EUR 18.0 million (EUR 19.1 million).
* Gross profit was EUR 15.4 million (EUR 15.5 million) and EBITDA
was EUR 1.6 million (EUR -1.2 million).
* Operating profit, EBIT, was EUR 1.2 million (EUR -1.5 million)
and profit before taxes was EUR 1.2 million (EUR -1.5 million).
* Net profit was EUR 1.1 million (EUR -1.7 million) and earnings
per share, EPS, were 0.016 EUR (-0.026 EUR).
* Cash flow from operating activities was EUR 5.5 million (EUR -2.6
million). At the end of June 2008, Aldata Group's cash, cash
equivalents and marketable securities amounted to EUR 13.6
million (EUR 4.3 million). The Group had interest-bearing debt
EUR 3.5 million (EUR 0.0 million).
Aldata in H1 2008 (compared to H1 2007)
* Net sales were EUR 37.1 million (EUR 37.5 million).
* Gross profit was EUR 32.5 million (EUR 30.4 million) and EBITDA
was EUR 3.0 million (EUR -2.9 million).
* Operating profit, EBIT, was EUR 2.3 million (EUR -3.5 million)
and profit before taxes was EUR 1.8 million (EUR -3.6 million).
* Net profit was EUR 1.6 million (EUR -3.8 million) and earnings
per share, EPS, were 0.023 EUR (-0.057 EUR).
Message from CEO Bertrand Sciard
Aldata continued to build upon its stable platform for profitability
in Q2 2008 with a solid and consistent performance delivering strong
profits, good revenues and excellent cash generation.
Deeper relationship development with existing customers has allowed
us to agree longer term project plans to enable more predictable
revenue flows for the future and to target new opportunities within
their businesses today. Our new business development activity in Q2
focused on larger strategic deals with retail market leaders. One
early result of this strategy was a major contract with Price
Chopper, a large US supermarket chain recognized as an industry
innovator, to integrate Aldata G.O.L.D. across all of its 100+
stores. Other new deals included a high profile contract with MSF
(Medicins Sans Frontieres) to improve their management of
international emergency supplies around the globe.
Our business development strategy is progressing well with our
publicly announced plan to seek merger and acquisition opportunities
benefiting from our growing cash position enabling us to negotiate
from a position of strength. We are also progressing with strategic
alliances with IT industry leaders which will enable us to penetrate
new customer accounts, offer enhanced product technology, and provide
additional scalability to our implementation services
The off-shoring strategy begun in Q1 is now delivering measurable
benefits in Q2 with skilled resources now adding value to our quality
assurance and testing capabilities. We will continue to grow this
cost effective facility in line with our planned business expansion.
The deterioration in economic conditions and in consumer confidence
around the globe is having a negative impact on the business of our
retail customers. This has not had any material impact on Aldata's
performance in the first half of 2008; however, we are closely
following the developments.
April - June 2008 financial performance
The Group's net sales were EUR 18.0 million (EUR 19.1 million), which
represents a decrease of 1.1 million euros compared to the previous
year's second quarter net sales. Product sales, which include
licenses on standard products, customer specific developments and
maintenance revenues, accounted for 47% (45%) of the total net sales.
Consulting services accounted for 46% (46%) and third party licenses
and hardware accounted for 7% (9%).
The Group's gross profit was EUR 15.4 million (EUR 15.5 million),
which represents an 86% (81%) gross margin. Operating profit
excluding depreciations, EBITDA, was EUR 1.6 million (EUR -1.2
million). Operating profit, EBIT, totaled EUR 1.2 million (EUR -1.5
million) and operating profit excluding expenses for option plans was
EUR 1.3 million (EUR -1.4 million).
Pre-tax profit was EUR 1.2 million (EUR -1.5 million), net profit was
EUR 1.1 million (EUR -1.7 million) and earnings per share, EPS, were
0.016 euros (-0.026 euros).
Research and development costs in the second quarter totaled EUR 2.0
million (EUR 2.8 million). A total of EUR 0.3 million (EUR 0.3
million) of development costs were capitalized. The amortization on
capitalized development costs was EUR 0.1 million (EUR 0.1 million).
Aldata's reported order backlog includes product and third party
product sales, which will be recognized as revenues during the
following twelve months. At the end of June 2008, the order backlog
was EUR 20.0 million (EUR 17.9 million at the end of June 2007 and
EUR 20.1 million at the end of March, 2008).
In the fourth quarter 2007 Aldata implemented a restructuring plan.
Restructuring costs and provisions related to the program amount to
EUR 8.7 million. During the second quarter of 2008, EUR 0.3 million
of the restructuring provision was utilized and the remaining
provision at June 30, 2008, amounted to EUR 3.4 million.
Business units in Q2
Net sales of the Supply Chain Management (SCM) Software business unit
were EUR 14.7 million (EUR 15.2 million). The gross profit was EUR
12.9 (EUR 12.7) million and the operating profit, EBIT, was EUR 0.6
(EUR -1.0) million.
Net sales of the In-Store Software business unit were EUR 3.3 million
(EUR 4.0 million). The gross profit was EUR 2.7 million (EUR 2.8
million) and the operating profit, EBIT, was EUR 1.0 (EUR 0.1)
million.
There were no internal sales between the Group's business segments.
The unallocated costs, Group's shared items netted, decreased the
Group's operating profit, EBIT, with EUR 0.3 million (EUR 0.6
million).
January - June 2008 financial performance
The Group's net sales were EUR 37.1 million (EUR 37.5 million), which
represents a decline of EUR 0.4 million compared to first half net
sales in the previous year. Product sales, which include licences for
standard products, licences for customer specific developments and
maintenance revenues, accounted for 45% (43%) of total net sales.
Consulting services accounted for 46% (48%) and third party licences
and hardware accounted for 9% (9%).
The Group's gross profit was EUR 32.5 million (EUR 30.4 million),
which represents an 88% (81%) gross margin. Operating profit
excluding depreciations, EBITDA, was EUR 3.0 million (EUR -2.9
million). Operating profit, EBIT, totaled EUR 2.3 million (EUR -3.5
million) and operating profit excluding expenses for option plans was
EUR 2.5 million (EUR -3.2 million).
Pre-tax profit was EUR 1.8 million (EUR -3.6 million), net profit was
EUR 1.6 million (EUR -3.8 million) and earnings per share, EPS, were
0.023 euros (-0.057 euros).
Research and development costs in the financial period totaled EUR
4.1 million (EUR 5.5 million) which represents 11% (15%) of net
sales. A total of EUR 0.5 million (EUR 0.3 million) of development
costs were capitalized during the first half of the year. EUR 0.3
million (EUR 0.2 million) of capitalized development costs were
amortized.
Taxes for the period were EUR 0.2 million (EUR 0.2 million).
Business units in the first half of 2008
Net sales of the Supply Chain Management (SCM) Software business unit
were EUR 29.9 million (EUR 30.2 million). The gross profit was EUR
26.6 (EUR 25.1) million and the operating profit, EBIT, was EUR 1.4
million (EUR -2.8 million).
Net sales of the In-Store Software business unit were EUR 7.2 million
(EUR 7.3 million). The gross profit was EUR 5.9 million (EUR 5.3
million) and the operating profit, EBIT, was EUR 2.1 (EUR -0.2
million) million.
There were no internal sales between the Group's business segments.
The unallocated costs, Group's shared items netted, decreased the
Group's operating profit, EBIT, with EUR 1.2 million (EUR 0.5
million).
Finance and investments
Cash flow from operating activities was in the first half of the year
EUR 6.5 million (EUR -1.2 million) and net cash flow was EUR 4.4
million (EUR -1.4 million). Cash flow from operating activities in
the second quarter was EUR 5.5 million (EUR -2.6 million) and net
cash flow was EUR 5.0 million (EUR -2.4 million).
At the end of June 2008, Aldata Group's cash, cash equivalents and
marketable securities amounted to EUR 13.6 million (EUR 4.3 million)
and total assets were EUR 55.8 million (EUR 50.1 million). The Group
had interest-bearing debt EUR 3.5 million (EUR 0.0 million) and
interest-bearing net liabilities totaled EUR -9.3 million (EUR -3.6
million). Short term receivables totaled EUR 27.1 million (EUR 31.3
million). The Group's solvency ratio was 40.3% (54.7%), gearing was
-42.4% (-13.2%), and shareholders' equity per share was 0.319 EUR
(0.396 EUR).
The Group's capital expenditure on hardware and software purchases
amounted to EUR 0.9 million (EUR 1.0 million) during the first half
of the year. A total of EUR 0.5 million (EUR 0.3 million) of
development costs were capitalized. In the second quarter the Group's
capital expenditure on hardware and software purchases amounted to
EUR 0.3 million (EUR 0.6 million) and a total of EUR 0.3 million (EUR
0.3 million) of development costs were capitalized.
Research and Development
Aldata's research and development costs were EUR 4.1 million (EUR 5.5
million) which represents 11.0 % (14.7%) of net sales during the
first half of the year. A total of EUR 0.5 million (EUR 0.3 million)
of development costs were capitalized. The amortization on
capitalized development costs was EUR 0.3 million (EUR 0.2 million).
At the end of the review period 158 (182) employees were involved in
R&D activities. This represents 29% (29%) of the Group's total
personnel. Aldata's R&D centers are located in Paris, France and in
Vantaa, Finland.
Personnel
Aldata Group employed 543 (632) persons at the end of June 2008, and
on average had 543 (634) employees during the period.
June 30, 2008 June 30, 2007
By Business Units Persons % Persons %
SCM Software 450 83 505 80
In-Store Software 84 15 116 18
Group administration 9 2 11 2
Total 543 100 632 100
Approximately 57% of personnel were employed by Aldata companies in
France, 14% in Finland, 11% in Germany, 6% in the US, 5% in Sweden,
3% in Slovenia, 3% in the UK and 1% in Russia.
Share performance and change in ownership
The highest price of the Aldata Solution Oyj share during January -
June 2008 was 1.25 EUR and the lowest price 0.90 EUR. The average
price was 1.01 EUR and the closing price 1.10 EUR. The trading volume
on the Helsinki Stock Exchange was EUR 22.4 million and altogether
22.1 million shares were traded, which represents 32% of the shares.
Aldata Solution Oyj has 68.7 million shares outstanding. The number
of shares outstanding has increased by 154.600 shares during the
period.
The number of shareholders was 4 425 and the free float was 100% of
the share capital at the end of June 2008. A total of 43.8% of Aldata
Solution Oyj's shares were owned by foreign investors at the end of
the period.
The following changes in Aldata's ownership were announced during the
second quarter:
On May 12, 2008, the holding of 'Funds under the management of Laxey
Partners Limited' in Aldata Solution Oyj increased over 5 per cent
of the shares and votes
On June 27, 2008, as a result of a share transactions concluded on 17
June 2008,the holdings of Symphony Technology II-A, LP and its group
companies now total 15,089,175 shares or 21.95% of the voting rights
and share capital of Aldata Solution Oyj.
The shareholding of Symphony Tehnology II-A, LP has declined from
20,089,175 shares to 0 shares and 0 per cent of the company's voting
rights and share capital, and the shareholding of Caydata 1, LP, a
wholly owned subsidiary of Symphony Technology II-A LP, has increased
to 15,089,175 shares and 21.95 per cent of the company's voting
rights and share capital.
In addition to the holdings specified above, Caydata 1, LP has on 17
June 2008 acquired 5,000,000 shares in Aldata Solution Oyj from
Symphony Technology II-A LP and has subsequently on the same day
disposed the shares and entered into a Contract-for-Difference, the
financial value of which is bound to an aggregate of 5,000,000 shares
in Aldata Solution Oyj.
After these transactions the effective economic exposure of Symphony
Technology II-A, LP together with its group companies in the shares
of Aldata Solution Oyj is 29.23%, which corresponds to the
shareholdings of Symphony Technology II-A, LP in Aldata Solution Oyj
before the transactions dated 17 June 2008.
Events after the review period
On August 1, 2008, Aldata announced that Aïssa Azzouzi will be
standing down from his role as Chief Financial Officer (CFO) of
Aldata to pursue other business opportunities. Thomas Hoyer, SVP,
Mergers & Acquisitions, takes the role of interim CFO in addition to
his own duties.
Risks and uncertainty factors
Possible risks and uncertainty factors associated with Aldata's
business are mainly related to the market and competitive situation
and general economic development. No significant changes were
detected in the competitive situation during the reporting period.
The global economic conditions are deteriorating and this combined
with inflationary pressure on food and energy has significantly
weakened consumer confidence. This has had a negative impact on the
operating environment of retailers, Aldata's main customer group.
Therefore the risk exists that this will weaken the demand for
Aldata's products and especially large license deals will become more
challenging to sign.
Outlook for 2008
Demand for Aldata's products and services has, despite the recent
weakening of the global economy, remained good.
Net sales, which potentially can be negatively affected by the
economic weakness, are expected to grow compared to 2007. The
operating profit continues to be strong. EBIT is expected to be at
least EUR 6 million.
Helsinki, 19 August 2008
Aldata Solution Oyj
Board of Directors
Further information:
Aldata Solution Oyj, Bertrand Sciard, President and CEO, tel. +358 10
820 8000 / Aldata Solution Oyj.
Aldata Solution Oyj, Thomas Hoyer, CFO, SVP Mergers & Acquisitions,
tel. +358 10 820 8010
Aldata will arrange a press conference for media and financial
analysts in Helsinki on 19 August, at 12.00 (EET) in Hotel Kämp.
Aldata in brief
At Aldata 100% of our business is dedicated to retail and wholesale
business improvement. We provide our customers with modern, flexible
and integrated software solutions specifically designed to increase
productivity, performance and profitability. With over 24,000
successful installations across 52 countries, from convenience store
to hypermarket, 480+ live warehouses and customers with 5 to 5,000
outlets, we consistently deliver the goods for retail and wholesale
business improvement. Aldata Solution is a public company quoted on
OMX Nordic Exchange Helsinki Oy with the identifier ALD1V. More
information at: www.aldata-solution.com.
Distribution:
OMX Nordic Exchange Helsinki Oy
Media
APPENDICES
1 Income Statement
2 Balance Sheet
3 Statement of Changes in Equity
4 Cash Flow
5 Contingent Liabilities
6 Key Figures
7 Segment Information
8 Quarterly Income Statement and Balance Sheet
9 Quarterly Key Figures
APPENDIX 1
INCOME STATEMENT MEUR MEUR Change % MEUR
Jan-Jun Jan-Jun
/2008 /2007 Total 2007
Net sales 37,1 37,5 -0,9 % 74,7
Other operating income 0,4 0,2 75,4 % 0,4
Operating expenses -34,5 -40,6 14,9 % -84,8
Depreciations and impairments -0,7 -0,6 -11,5 % -1,4
Operating profit 2,3 -3,5 167,1 % -11,1
Financial items -0,6 -0,2 -267,4 % -0,6
Profit before taxes 1,8 -3,6 148,9 % -11,7
Income taxes -0,2 -0,2 12,0 % 0,0
Minority interest 0,0 0,0 -308,3 % 0,0
Profit for the financial period 1,6 -3,8 141,3 % -11,7
Earnings per share, EUR 0,023 -0,057 -0,171
Earnings per share, EUR (EPS),
adjusted for dilution effect 0,023 -0,055 -0,170
APPENDIX 2
BALANCE SHEET MEUR MEUR MEUR
30 Jun 2008 30 Jun 2007 31 Dec 2007
ASSETS
NON-CURRENT ASSETS
Goodwill 9,4 9,4 9,4
Capitalized development cost 2,4 1,6 2,2
Intangible assets 0,3 0,3 0,3
Tangible assets 1,4 1,6 1,6
Investments 0,1 0,0 0,0
Other long-term assets 0,1 0,7 0,1
Deferred tax assets 0,9 0,3 0,9
NON-CURRENT ASSETS TOTAL 14,7 14,0 14,6
CURRENT ASSETS
Inventories 0,3 0,4 0,3
Short-term receivables 27,1 31,3 26,7
Cash and cash equivalents 13,6 4,3 9,1
CURRENT ASSETS TOTAL 41,0 36,0 36,7
ASSETS TOTAL 55,8 50,1 51,3
SHAREHOLDERS' EQUITY AND
LIABILITIES
Shareholders' equity 21,9 27,0 19,6
Minority interest 0,1 0,1 0,1
Long-term loans 3,6 1,7 4,2
Short-term loans 30,2 21,3 27,3
EQUITY AND LIABILITIES TOTAL 55,8 50,1 51,3
APPENDIX 3
STATEMENT OF CHANGES IN EQUITY
Share
Share premium Translation Retained
TEUR capital fund difference earnings Total
EQUITY 1.1.2006 674 17 002 -75 7 476 25 078
Translation difference 0 0 42 0 42
Result of the financial
year 0 0 0 2 526 2 526
Total 0 0 42 2 526 2 568
Issue of share capital 6 1 143 0 0 1 149
Exercise of options 1 146 0 0 147
Share based payments
recognised against equity 0 0 0 860 860
7 1 289 0 860 2 156
EQUITY 31.12.2006 681 18 291 -33 10 862 29 802
Translation difference 0 0 396 0 396
Result of the financial -11
year 0 0 0 -11 729 729
-11
Total 0 0 396 -11 729 333
Exercise of options 5 705 0 0 710
Share based payments
recognised against equity 0 0 0 440 440
5 705 0 440 1 150
EQUITY 31.12.2007 686 18 996 363 -426 19 619
Translation difference 0 0 373 0 373
Result of the financial
year 0 0 0 1 584 1 584
Total 0 0 373 1 584 1 957
Exercise of options 2 158 0 0 160
Share based payments
recognised against equity 0 0 0 187 187
2 158 0 187 347
EQUITY 30.6.2008 688 19 154 736 1 345 21 923
APPENDIX 4
CASH FLOW STATEMENT MEUR MEUR MEUR
Jan-Jun 2008 Jan-Jun 2007 Jan-Dec 2007
Cash flow from operating
activities
Operating result 2,3 -3,5 -11,1
Adjustment to operating result 0,1 0,7 6,8
Change in working capital 3,8 2,3 4,8
Interest received and other
financial income 0,2 0,1 0,2
Interest paid and other
financial expenses -0,3 -0,2 -0,2
Taxes paid 0,5 -0,7 -0,8
Net cash from operating
activities 6,5 -1,2 -0,4
Cash flow from investing
activities
Group companies acquired 0,0 0,0 0,0
Investments in tangible and
intangible assets -0,7 -0,9 -1,8
Loans granted 0,0 0,0 0,0
Net cash used in investing
activities -0,7 -0,9 -1,8
Cash flow before financing
activities 5,8 -2,1 -2,2
Cash flow from financing
activities
Long-term loans, repayments 0,0 0,0 -0,1
Short-term loans, received 0,2 0,0 5,0
Short-term loans, repayments -1,7 0,0 0,0
Share issue 0,2 0,7 0,7
Net cash used in financing
activities -1,3 0,7 5,7
Net cash flow, total 4,4 -1,4 3,5
Change in cash and cash
equivalents 4,4 -1,4 3,5
Cash and cash equivalents at
the beginning of period 9,1 5,7 5,7
Cash and cash equivalents at
the end of period 13,6 4,3 9,1
APPENDIX 5
COMMITMENTS AND CONTINGENCIES MEUR MEUR MEUR
30 Jun 2008 30 Jun 2007 31 Dec 2007
Loans from financial institutions 3,5 0,0 5,0
Mortgages 5,4 5,4 5,4
Leasing liabilities 12,2 15,6 10,7
Guarantees on behalf of company
debt 0,1 0,1 0,1
APPENDIX 6
KEY FIGURES, MEUR Jan-Jun /2008 Jan-Jun /2007 Total 2007
Scope of Operations
Net sales, MEUR 37,1 37,5 74,7
Average number of personnel 543 634 625
Profitability
Operating profit , MEUR 2,3 -3,5 -11,1
Operating profit, % of net
sales 6,3 -9,3 -14,9
Profit before taxes and
minority interest, MEUR 1,8 -3,6 -11,7
Profit before taxes and
minority interest, % of net
sales 4,8 -9,7 -15,7
Return on equity, % (ROE) 15,3 -27,0 -47,4
Return on investment, % (ROI) 21,4 -22,0 -37,8
Financial Standing
Quick ratio 1,3 1,7 1,3
Current ratio 1,4 1,7 1,3
Equity ratio, % 40,3 54,7 38,6
Interest-bearing net debt,
MEUR -9,3 -3,6 -3,3
Gearing, % -42,4 -13,2 -16,6
Per Share Data
Earnings per share, EUR (EPS) 0,023 -0,057 -0,171
Earnings per share, EUR (EPS),
adjusted for dilution effect 0,023 -0,055 -0,170
Shareholders' equity per
share, EUR 0,319 0,396 0,286
APPENDIX 7
SEGMENT INFORMATION, MEUR
BUSINESS SEGMENTS Jan-Jun/2008 Jan-Jun/2007 Jan-Dec/2007
Net sales to external
customers
Supply Chain Management
Software 29,9 30,2 58,1
In-Store Software 7,2 7,3 16,6
Total 37,1 37,5 74,7
Operating result, continuing
operations
Supply Chain Management
Software 1,4 -2,8 -8,2
In-Store Software 2,1 -0,2 -0,2
Total 3,5 -3,0 -8,4
Unallocated items -1,2 -0,5 -2,7
Operating profit 2,3 -3,5 -11,1
Financial income and expenses -0,6 -0,1 -0,6
Result before taxes and
minority interest 1,8 -3,6 -11,7
Taxes -0,2 -0,2 0,0
Minority interest 0,0 0,0 0,0
Result from continuing
operations 1,6 -3,8 -11,7
Result for the financial
period 1,6 -3,8 -11,7
APPENDIX 8
INCOME STATEMENT MEUR MEUR MEUR MEUR MEUR
quarterly figures Q2/2008 Q1/2008 Q4/2007 Q3/2007 Q2/2007
Net sales 18,0 19,1 20,6 16,6 19,1
Other operating income 0,1 0,3 0,0 0,1 0,1
Operating expenses -16,6 -17,9 -26,0 -18,2 -20,4
Depreciations and
impairments -0,4 -0,3 -0,4 -0,4 -0,3
Operating profit 1,2 1,1 -5,8 -1,8 -1,5
Financial items 0,0 -0,6 -0,3 -0,2 0,0
Profit before taxes 1,2 0,6 -6,1 -2,0 -1,5
Income taxes -0,1 -0,1 0,1 0,1 -0,2
Minority interest 0,0 0,0 0,0 0,0 0,0
Profit for the financial
period 1,1 0,5 -6,0 -1,9 -1,7
INCOME STATEMENT MEUR MEUR MEUR MEUR MEUR
cumulative 1-6/08 1-3/08 1-12/07 1-9/07 1-6/07
Net sales 37,1 19,1 74,7 54,1 37,5
Other operating income 0,4 0,3 0,4 0,4 0,2
Operating expenses -34,5 -17,9 -84,8 -58,8 -40,6
Depreciations and
impairments -0,7 -0,3 -1,4 -1,0 -0,6
Operating profit 2,3 1,1 -11,1 -5,3 -3,5
Financial items -0,6 -0,6 -0,6 -0,3 -0,2
Profit before taxes 1,8 0,6 -11,7 -5,6 -3,6
Income taxes -0,2 -0,1 0,0 -0,1 -0,2
Minority interest 0,0 0,0 0,0 0,0 0,0
Profit for the financial
period 1,6 0,5 -11,7 -5,7 -3,8
BALANCE SHEET MEUR MEUR MEUR MEUR MEUR
30.6.08 31.3.08 31.12.07 30.9.07 30.6.07
ASSETS
NON-CURRENT ASSETS
Goodwill 9,4 9,4 9,4 9,4 9,4
Capitalized development
cost 2,4 2,3 2,2 1,8 1,6
Intangible assets 0,3 0,3 0,3 0,4 0,3
Tangible assets 1,4 1,5 1,6 1,7 1,6
Investments 0,1 0,1 0,0 0,0 0,0
Other long-term assets 0,1 0,1 0,1 0,7 0,7
Deferred tax assets 0,9 1,0 0,9 0,4 0,3
NON-CURRENT ASSETS TOTAL 14,7 14,8 14,6 14,6 14,0
CURRENT ASSETS
Inventories 0,3 0,3 0,3 0,6 0,4
Short-term receivables 27,1 32,4 26,7 27,4 31,3
Cash and cash equivalents 13,6 8,6 9,1 7,7 4,3
CURRENT ASSETS TOTAL 41,0 41,3 36,7 35,7 36,0
ASSETS TOTAL 55,8 56,1 51,3 50,4 50,1
SHAREHOLDERS' EQUITY AND
LIABILITIES
Shareholders' equity 21,9 20,6 19,6 25,3 27,0
Minority interest 0,1 0,1 0,1 0,1 0,1
Non-current liabilities 3,6 4,2 4,2 2,0 1,7
Current liabilities 30,2 31,2 27,3 23,0 21,3
EQUITY AND LIABILITIES
TOTAL 55,8 56,1 51,3 50,4 50,1
APPENDIX 9
KEY FIGURES, MEUR Q2/2008 Q1/2008 Q4/2007 Q3/2007 Q2/2007
quarterly figures
Scope of Operations
Net sales, MEUR 18,0 19,1 20,6 16,6 19,1
Average number of personnel 543 546 625 630 634
Profitability
Operating profit , MEUR 1,2 1,1 -5,8 -1,8 -1,5
Operating profit, % of net
sales 6,6 6,0 -28,2 -10,8 -7,8
Profit before taxes and
minority interest, MEUR 1,2 0,6 -6,1 -2,0 -1,5
Profit before taxes and
minority interest, % of net
sales 6,6 3,1 -29,7 -11,9 -8,0
Return on equity, % (ROE) 15,3 9,2 -47,4 -27,5 -27,0
Return on investment, %
(ROI) 21,4 19,4 -37,8 -21,7 -22,0
Financial Standing
Quick ratio 1,3 1,3 1,3 1,5 1,7
Current ratio 1,4 1,3 1,3 1,6 1,7
Equity ratio, % 40,3 37,6 38,6 51,0 54,7
Interest-bearing net debt,
MEUR -9,3 -4,2 -3,3 -3,2 -3,6
Gearing, % -42,4 -20,4 -16,6 -12,7 -13,2
Per Share Data
Earnings per share, EUR
(EPS) 0,016 0,007 -0,088 -0,027 -0,026
Earnings per share, EUR
(EPS), adjusted for
dilution effect 0,016 0,007 -0,088 -0,027 -0,025
Shareholders' equity per
share, EUR 0,319 0,300 0,286 0,369 0,396
ALDATA SOLUTION INTERIM REPORT JANUARY - JUNE 2008 (unaudited)
| Source: Aldata Solution Oyj
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