DGAP-News: caatoosee AG: caatoosee reports figures for first nine months of 2008

caatoosee ag / Quarter Results

28.11.2008 

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------

caatoosee reports figures for first nine months of 2008  

In the first nine months of 2008, the IT specialist caatoosee again
generated revenue of EUR 13.9 million. The net operating result was
dominated by high non-recurring costs of EUR 2.2 million and, at EUR  2.2
million, was therefore down significantly on the previous year's earnings
of EUR 0.6 million. Excluding these one-off effects, however, operating
administrative costs were down significantly, both during the reporting
quarter and over the nine-month period.

Leonberg (Germany), November 28, 2008

The unsatisfactory trend of the second quarter of 2008 continued in the
third quarter. A key factor contributing to this was the business volume in
the IT division of the Teraport subsidiary, which was up on the previous
year yet failed to meet expectations. In addition, one-off effects had a
negative impact in the third quarter and the first nine months, resulting
in negative EBIT and negative consolidated net income for the period.

Revenue at Group level increased in the third quarter to EUR 4.9 million
after EUR 4.5 million in the previous year. At EUR 13.9 million, revenue
for the nine-month period remained at the level of the previous year. The
operating result for the first nine months was reduced by non-recurring
expenses of EUR 2.2 million. This is mainly attributable to severance
payments to members of the Management Board whose employment contracts were
terminated prematurely and to other employees amounting to EUR 1.6 million.
Additionally, allowances for accounts receivable of EUR 0.4 million and
provisions of EUR 0.2 million for risks related to external tax audits were
recognised. Excluding these one-off effects, operating administrative costs
were down significantly, both during the reporting quarter and over the
nine-month period. Also, there were still costs from the first half of the
2008 financial year in connection with due diligence audits for
acquisitions, increased sales efforts and a significant expansion of sales
capacities.

In the third quarter of 2008, caatoosee generated EBIT of EUR  0.3 million
(previous year: EUR 0.2 million). EBIT after nine months was EUR  2.3
million (previous year: EUR 0.8 million). The net income amounted to EUR
-0.3 million for the third quarter of 2008 (previous year: EUR 0.2 million)
and to EUR  2.2 million after the first nine months (previous year: EUR 0.6
million). Earnings per share amounted to EUR  0.01 in the third quarter
(previous year: EUR 0.01) and EUR  0.09 after nine months (previous year:
EUR 0.03). caatoosee's equity ratio as of 30 September 2008 was 75.6% after
78.1% as of 31 December 2007. The total cash and cash equivalents and
securities amounted to EUR 9.9 million as of the balance sheet date after
EUR 11.8 million as of the end of the 2007 financial year.

In order to improve the development of revenue and earnings, sales efforts
were further intensified. caatoosee has had an excellent response to this.
A new client has already been gained for the recently launched Teraport
Infrastructure Platform Package (TIPP). In TIPP, SMEs are offered a
comprehensive, fully scalable and standardisable outsourcing solutions as
well as optional add-ons. Further positive effects from previous and
ongoing sales efforts are also anticipated for the last quarter of the 2008
financial year. In 2008, the foundation is thus being laid for ongoing
development and future revenue growth at Teraport.

However, this has already required investments in staff, training, the
service portfolio and marketing and sales. These investments will also
continue in the fourth quarter of 2008. For this reason, the earnings
margin is likely to temporarily narrow significantly. Including the above
one-off effects, a negative result overall is forecast for 2008 as a whole.

Furthermore, on 25 September 2008, caatoosee ag applied to withdraw the
listing of shares/certificates representing shares from the section of the
regulated market with extended listing obligations (Prime Standard) at the
Frankfurt Stock Exchange. The application was approved by the Frankfurt
Stock Exchange on 30 September 2008. The withdrawal is effective as of 30
December 2008. Listing on the regulated market (General Standard) remains
unaffected.

On the basis of the resolutions of the Annual General Meeting on 26 August
2008 the amendment of the Articles of Incorporation to reduce the number of
members in the Supervisory Board from six to three has been entered in the
Commercial Register. Since this change, the Supervisory Board of caatoosee
ag has consisted of four members. For this reason, Mr Rolf Huber and Mr Jan
Tenné, both judicially appointed members of the Supervisory Board, stepped
down on entry of the amendment of the Articles of Incorporation. The
Management Board would like to thank Mr Rolf Huber and Mr Jan Tenné on
behalf of the Company for their commitment to and support for the Company.


The Management Board

caatoosee ag, which is listed in the Prime Standard (securities code
number: A0EPUK; ISIN: DE 000A0EPUK5) and headquartered in Leonberg near
Stuttgart, operates in the IT outsourcing and service areas. Management
Board: Stefan Ahrens. Supervisory Board: Reimund Blessing (Chairman), Hans
Ulrich Dörr, Dirk Alt, Günther Paul Löw.> more information

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



DGAP 28.11.2008 
---------------------------------------------------------------------------
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 (Prime Standard); Freiverkehr
              in Berlin, Stuttgart, München, Düsseldorf
End of News                                     DGAP News-Service
---------------------------------------------------------------------------