DGAP-Adhoc: Catalis SE reports half-year results and full year expectations - Revenues and EBIT well above previous year

Catalis SE / Half Year Results

07.10.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Eindhoven, October 7, 2008 – Catalis SE, worldwide provider of outsourcing
services for the digital media industry announces its 2008 results for the
first half-year 2008 and provides an outlook on the full year 2008.

The numbers presented reflect in full the adjustments of accounting
policies that Catalis SE was requested to apply to its 2006 financial
statements and going forward by FREP and provide a continuous platform for
comparison purposes. All adjustments were laid out in detail in the
company’s ad hoc release as of July 28 as well as on the company’s web
site.


First half 2008

With total revenues of EUR 17.8 million, the first six months of 2008
almost exactly hit the budgeted targets for the group. Testronic
Laboratories, representing Catalis’ quality assurance (QA) division
reported revenues of EUR 7.0 million after EUR 6.3 million (+11%) in the
first half of 2007. Kuju Entertainment, our development services division
for video games, achieved its targets with revenues of EUR 10.9 million (+
3.4% vs. EUR 10.5 million in 2007).

In the light of a framework contract with one of Testronic’s major clients
for testing projects coming to live in the second half of 2008, the QA
division shows an extraordinary high level of expensed investments in
training and infrastructure in the first half of 2008. Nevertheless our QA
division contributed an EBIT of EUR 0.8 million (EUR 1.0 million in 2007),
while Kuju Entertainment reported an EBIT of EUR 1.2 million (EUR 1.2
million in 2007).

Total EBIT for the Group in the first half year of 2008 amounts to EUR 1.4
million. Compared with 2007 (EUR 0.7 million) this provides an increase of
88%.


2008 full year expectations

Despite the ongoing turmoil on the financial markets, Catalis expects to
achieve its revenue target of EUR 39.0 million (EUR 32.7 million in 2007)
and to produce an EBIT of EUR 3.0 million, exceeding its 2007 result (EUR
2.6 million) by 16%. As an effect our EBIT guidance (EUR 3.7 million) for
the group is lowered by 0.7 million.

Already counted in are estimated effects on the Testronic business with
regard to a lower expectation related to a large framework contract with a
major US testing client and current effects from a dispute with one of
Kuju’s clients causing significant losses in one of the company’s
development projects. Based on these expectations, we expect Testronic
Laboratories and Kuju Entertainment to contribute EUR 2.4 million (EUR 3.1
million in 2007) and EUR 1.7 million (EUR 2.9 million in 2007) respectively
to the group’s EBIT.

On an EPS basis, we expect to achieve a fully diluted result of EUR 0.09
per share, compared to EUR 0.06 in 2007.

Management is carefully watching the developments on the financial markets
and their potential effects on our clients and the underlying consumer
markets. With some exceptions our clients currently do not show significant
impacts. With regard to consumer markets our clients do currently not
foresee a significant downturn. Nevertheless, due to the uncertainty of the
development of the global economic situation, Catalis’ management
undertakes everything possible to prepare the group for potential effects
on our business lines.


Audit and annual report 2007

Due to the fact that the group’s audit only could start after the final
release of the BaFin letter related to the accounting policy adjustments,
we are targeting the audit to be finalized at the end of October and the
publication date for the annual report 2007 in the first half of November.
Quarterly reports will be published shortly thereafter.

For further information on Catalis N.V. and its subsidiaries please refer
to the websites www.catalisgroup.com, www.kuju.com and
www.testroniclabs.com.

For further questions please contact our Investor Relations team
directly:

Investor Relations Catalis SE
Investor Relations Team
t: +49 89 24 41 18 - 413
f: +49 89 24 41 18 - 499
info@catalisgroup.com
_______________________________________________________________________

About Catalis SE:

Catalis is a worldwide leading outsourcing services provider focusing on
high-end technical services relating to the creation of digital content for
the film, video games and telecom industry as well as content in fields
like e-learning and software. Catalis SE currently offers the following
services: testing services, development services and production services.
Catalis SE operates through its wholly owned subsidiaries Testronic
Laboratories and Kuju plc, which in total control twelve different
locations throughout the USA, Great Britain, Poland, and Belgium.


DGAP 07.10.2008 
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Language:     English
Issuer:       Catalis SE
              Geldropseweg 26-28
              5611 SJ Eindhoven
              Niederlande
Phone:        +31 (0)40 2135930
Fax:          +31 (0)40 2135604
E-mail:       info@catalisgroup.com
Internet:     www.catalisgroup.com
ISIN:         NL0000233625, DE000A0GGBZ7
WKN:          927093
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Berlin, Stuttgart, München, Düsseldorf
End of News                                     DGAP News-Service
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