Comarch Software und Beratung AG / Key word(s): Quarter Results
09.11.2011 14:35
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc announcement pursuant to section 15 of the German Securities Trading
Act (WpHG) - November 9, 2011:
Report of Comarch Software und Beratung AG as at September 30, 2011:
* Group revenues of 21.3 million euro (previous year: 26.6)
* EBITDA -2.6 million euro (previous year: -1.7)
* Measures to strengthen the equity capital
In the first nine months of 2011, Comarch Software und Beratung AG (ISIN:
DE000A1KRMR8 and DE000A1KRMU2), a subsidiary of the Krakow-based
international IT group Comarch S.A., maintained its high level of
investments in software development. With an average sales cycle of about
nine months for ERP software, the product innovations brought to market in
spring have not yet been reflected in software sales and the associated
consulting revenues. Total group revenues came to 21.3 million euro in the
first nine months of 2011 (previous year: 26.6).
The business unit standard software - licensing and service fees for
standard software products - achieved sales of 10.9 million euro in the
first nine months of 2011 (previous year: 12.6). In the third quarter of
2011, software revenues were 3.4 million euro (Q3/2010: 4.0).
The business unit consulting - consulting and programming services for the
implementation and support of standard software - achieved revenues of 7.4
million euros (previous year: 8.8). Besides a lower quantity of new sales
of the ERP software, this decline is explained by the completion of a major
project in 2010. In the third quarter of 2011, consulting revenues were 2.2
million euro (Q3/2010: 2.9).
Sales revenues for the business unit system integration - IT infrastructure
hardware and services - came in at 3.0 million euro (previous year: 5.2).
This business unit supplies server and storage systems, network
technologies, security and high availability solutions, virtualization
solutions and data center services. In the third quarter of 2011, system
integration sales were 1.0 million euro (Q3/2010: 1.5).
In the first nine months of 2011, Comarch Software und Beratung AG posted
an operating result before interest, taxes, depreciation and amortisation
(EBITDA) of -2.6 million euro (previous year -1.7). The operating result
(EBIT) was -5.2 million euro (previous year: -3.6). The result from normal
business activities (EBT) for the first nine months was also -5.2 million
euro (previous year -3.6); the result after taxes was -5.2 million euro
(previous year -3.6). These results reflect the continuing high investment
in product development. Thereof only a small part of 1.4 million euro
(previous year 1.4) was capitalized under IFRS. The result includes
goodwill amortization of 0.5 million euro and special operational
expenditure of 1.0 million euro.
The Management Board of Comarch Software und Beratung AG is anticipating
revenues for the financial year 2011 to be clearly below those of 2010 with
a loss slightly below last year's level.
In line with the resolutions of the general meeting held on June 8, 2011
the capital stock of the company was reduced from 6,480,000.00 euro to
2,160,000.00 euro and early in September 2011 the capital was increased by
4,053,072.00 euro (4,053,072 shares) at 1.70 euro per share.
The report for the first nine months of 2011 will be available as a
download on November 18, 2011 at www.comarch.de/ir.
For further information please contact:
Jan Cornelsen, Investor Relations, Comarch Software und Beratung AG,
Messerschmittstr. 4, 80992 Munich, Germany
Tel: +49 (0) 89 14329-1169; Fax: +49 (0) 89 14329-1114;
E-mail: jan.cornelsen@comarch.com
End of ad hoc announcement
Information about the issuer of this ad hoc announcement
Comarch Software und Beratung AG is a leading provider of complete IT
solutions for small and medium-sized businesses. The company develops and
distributes standard business management software for small and
medium-sized enterprises and is a market leader in the German-speaking
market. The Group's product range includes business software for ERP and
finance specifically tailored to the needs of small and medium-sized
industrial and trading companies, together with a full range of software
implementation and support services. Comarch Software und Beratung AG also
provides IT infrastructure products and services- ranging from server and
storage systems to networks to DMS and ECM solutions. Comarch Software und
Beratung AG currently employs around 270 staff at 13 locations in Germany,
Austria and Switzerland and has approximately 3,000 customers.
Comarch Software und Beratung AG belongs to the Comarch Group, a global IT
business solutions provider based in Krakow with around 3,500 employees in
17 countries.
09.11.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Comarch Software und Beratung AG
MesserschmittstraÃe 4
80992 München
Germany
Phone: +49 (0)89 14329 1199
Fax: +49 (0)89 14329 1113
E-mail: friedrich.koopmann@softm.com
Internet: www.comarch.de
ISIN: DE000A1KRMR8
WKN: A1KRMR
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Comarch Software und Beratung AG: Quarter Results Q3/2011
| Source: EQS Group AG