syskoplan AG / Quarter Results
30.04.2009
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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Investment reluctance with regard to IT projects
Gütersloh, 30/04/2009. syskoplan has announced the results of the first
quarter of financial year 2009 today. In the group, the software integrator
achieved revenues of 14.7 million Euros, 1% less than in the previous year.
Earnings before taxes, interest and depreciation (EBITDA) amounted to 1.24
million Euros after 1.76 million Euros in last year bringing EBITDA-margin
to 8.4% (previous year: 11.8%). Earnings before taxes (EBT) were 0.9
million Euros coming from 1.5 million Euros in 2008. Altogether, syskoplan
group after tax and minority shares obtained a net income of 0.5 million
Euros until now (previous year: 0.9 million Euros).
Portfolio development - syskoplan's different industrial and technological
topics showed various performances. The largest units, financial services,
service providers and SAP applications & technology, had to record lower
sales. The units created more recently and significantly working in the
Business-to-Consumer-market (e.g. media & commerce) were able to expand
their business.
Liquidity and staff - Cash flow (according to DVFA/SG) up to now amounted
to 1.1 million Euros in 2009 (previous year 1.4 million Euros) following
the development of EBITDA. Liquidity fell to 17.8 million Euros (end of
2008: 23.0 million Euros), a common development for a first quarter. The
equity ratio rose to 60% (end of 2008: 58%). 440 employees were active in
the group at the end of March.
Conclusion - In the area of IT services, particularly in the project
business, the effects of economic crisis are becoming evident. However,
syskoplan is satisfied with the results of the first quarter. The ongoing
impact of the 8% increase in staff from the previous year burdened the
result. We plan to deliberately shoulder the costs of investment in
expanding and training personnel, and we are not currently considering any
adjustments to capacity. As recently as the first half of 2008, hiring was
the critical factor for growth. Over the medium term, IT solutions will
contribute to the overcoming of the current economic crisis. syskoplan is
preparing to leverage these potential business opportunities prudently.
Overall economic forecasts have become noticeably gloomier, particularly in
recent time. Analysts, such as the Gartner group, have sharply lowered
their forecasts for IT-Services as well. In view of this persistent market
uncertainty, we are unable to provide a reliable and firm outlook for the
year. For the second quarter we are expecting sales to remain at
approximately the same level.
Further information is available from:
syskoplan AG
Michael Lückenkötter
Investor Relations, Mergers & Acquisitions
Bartholomäusweg 26
33334 Gütersloh
Tel. +49 5241 5009 1017
Email: ir@syskoplan.de
DGAP 30.04.2009
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Language: English
Issuer: syskoplan AG
Bartholomäusweg 26
33334 Gütersloh
Deutschland
Phone: +49 (0)5241 5009-1017
Fax: +49 (0)5241 5009-1033
E-mail: michael.lueckenkoetter@syskoplan.de
Internet: www.syskoplan.de
ISIN: DE0005501456
WKN: 550145
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: syskoplan AG: Solid first quarter 2009
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