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. --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
DGAP-News: syskoplan AG: Solid first quarter 2009
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