Utimaco Safeware AG / Quarter Results
18.11.2008
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: Results for the first three months of
Fiscal Year 2008/2009
Revenues grow by 11.4% to 12.2 million (previous year: 11.0 million.)
Negative operating result (EBITDA) of -0.4 million (previous year:
1.5 million) achieved
New product suite SafeGuard Enterprise contributes 32.4% to the revenues
from Data Protection's license sales
Oberursel, Germany, 18th November 2008 - after publication of an ad hoc
message on the 29th October 2008, concerning the preliminary results for
the first three months (July to September) of fiscal year 2008/2009 Utimaco
today presented its definitive results. In the first quarter 2008/2009 the
company achieved revenues of 12.2 million, representing an increase of
11.4% compared to the same period in the previous year (previous year:
11.0 million). In the German region growth of 31.2% to 6.5 million
(previous year: 4.9 million) was achieved, driven by business in the LIMS
division, that was primarily generated by an OEM partner that sells the
LIMS solutions abroad. In Europe outside Germany, revenues of 3.0 million
were 12.5% down on the previous year (previous year: 3.5 million). In the
Americas region revenues grew by 12.4% to 2.4 million (previous year:
2.1 million). In the reporting period, Utimaco's US team acquired a leading
global IT service provider as a new customer in this region, who will
implement SafeGuard Enterprise on a group-wide basis.
Business development in the Data Protection division, which develops
professional solutions for protecting the confidentiality and integrity of
data when it is stored, moved and used, failed to meet expectations in the
first quarter with revenues of 9.2 million (previous year: 9.2
million). In addition to the gloomy economic outlook, which led to a
noticeable slowdown in purchasing, primarily in the USA, the takeover offer
from Sophos caused some uncertainty among a number of Utimaco customers.
License sales, with revenues of 5.4 million were the same as in the
previous year ( 5.4 million), of which 1.7 million (previous year: 0.3
million) was generated by the new SafeGuard Enterprise product generation.
After three months, SafeGuard Enterprise contributed 32.4% to the revenues
from license sales in the Data Protection division. Maintenance revenues
increased by 9.8% to 2.9 million (previous year: 2.7 million). Due to
an increase in operating costs of 26.4%, to 9.0 million (previous year
7.1 million), Data Protection reported a negative segment result of -0.7
million (previous year: 1.2 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,
achieved an increase in revenues of 69.7%, to 3.0 million (previous year
1.8 million). Unaffected by the economic situation, it has particularly
benefited from OEM channels which have been extended in recent years. This
division's contribution to the operating result (segment contribution) rose
by 51.8% to 1.4 million (previous year: 1.0 million) and represents a
margin of 47.8% (previous year: 53.5%).
The EBITDA result after three months was -0.4 million (previous year:
1.5 million, including extraordinary costs arising within the scope of the
voluntary public takeover offer from Sophos, worth 0.2 million. The EBIT
result was -1.1 million compared to 0.8 million in the previous year.
The result before tax (EBT) was -0.8 million (previous year: 1.1
million).
The result after tax (EAT) was -1.4 million, compared to 0.9 million in
the previous year. This includes a non-cash tax expenditure, worth 0.6
million, arising from the dissolution of active deferred taxes on loss
carried forward, which can no longer be applied after the acquisition of
the majority in Utimaco Safeware AG by Sophos, in accordance with § 8c of
the KStG (German Corporate Income Tax Act).
The result per share equaled -0.09 (previous year: 0.06).
After three months a positive operating cashflow of 3.2 million (previous
year: -2.4 million) was achieved.
Due to the current insecurity about the future of economic development in
the target markets of Europe, the USA and Japan, the company does not, at
present, assume that it will be able to repeat the previous year's level of
profit (EBITDA) of 10.9 million in the current fiscal year, 2008/2009.
Furthermore, at this present time, it is not possible to make any
statements about the development of revenues and results in this fiscal
year.
The report about the results for the first quarter of 2008/2009 is
available on the Utimaco website, in the Investor Relations section.
Utimaco Safeware AG The Data Security Company
With over 25 years of company history behind it, Utimaco is now one of the
leading global manufacturers of data security solutions. The Data Security
Company enables medium-sized and large organizations to safeguard their
electronic assets against intentional or accidental data loss, and to
comply with all currently applicable data protection regulations. Utimaco's
complete range of solutions provides full 360 degree protection. SafeGuard
solutions protect and manage data during storage (data at rest), during
transmission (data in motion) and during processing (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 18.11.2008
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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: Results for the first three months of Fiscal Year 2008/2009
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