DGAP-Adhoc: exceet Group SE: 9 Month Report 2012

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| Source: EQS Group AG
exceet Group SE  / Key word(s): Quarter Results/Forecast

20.11.2012 20:24

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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Solid trend at lower level due to cyclical influences

  - Group sales rise to EUR 138.2 m during first 9 months 

  - Book-to-bill ratio of 1.13 as at 30 September 2012

  - Recurring EBITDA of EUR 14.0 m

  - Sales and earnings forecast 2012: Sales of EUR 190 m at a recurring
    EBITDA margin of 11%

Luxembourg, 20 November 2012 - During the first 9 months of the current
business year, exceet Group SE was able to raise its sales figures on the
strength of successful acquisitions, with sales growing by 7.2% from EUR
128.9 m during the previous year to EUR 138.2 m currently. Incoming orders
during the reporting period confirm an intact growth trend for exceet.
During the reporting period, the operating result before interest, taxes,
depreciation and amortization (EBITDA), adjusted for non-recurring
expenditures, contracted from EUR 25.1 m during the previous year to
currently EUR 14.0 m (-44.1%). A continuation of the upward momentum of
sales is expected for the 4th Quarter, but as this will occur against the
backdrop of less favourable economic conditions, exceet is lowering its
2012 sales forecast from EUR 200-205 m to EUR 190 m. The forecast for the
recurring EBITDA margin is being reduced from an initial 14% to 11%.

During the 3rd Quarter, exceet Group attained a sales total of EUR 47.7 m,
a contraction of 6.3% against the record figures posted during the same
period of the previous year. An increase of 7% was achieved against the 2nd
Quarter of the current business year, confirming recently voiced
expectations of an upward trend over the year as a whole. A continuation of
this upward movement is anticipated for the 4th Quarter.

The EBITDA of EUR 11.9 m attained during the first 9 months (EUR 5.1 m of
which amount was recorded during the 3rd Quarter) represents a margin of
8.6%, against 17.2% during the same period of the previous year.
Non-recurring expenditures of EUR 2.1 m were a product of restructuring
measures, particularly in the IDMS segment. By consolidating facilities and
reducing the number of staff, it was possible to significantly reduce fixed
costs.

For the first 9 months of the business year, the net result was EUR 9
thousand, against EUR 13.6 m during the previous year's 9-month period. At
the half-year, exceet posted a loss of EUR 3.6 m; this was compensated
during the 3rd Quarter. For the 3rd Quarter, earnings per share as well as
fully diluted earnings per share were EUR 0.11, while the value for the
first 9 months was EUR 0.00 (against EUR 1.99 during the comparative period
of the preceding year).

Management has decided to undertake no further acquisitions in 2012 and
plans to lower the cost basis further by way of substantial cost-cutting
measures.

For further information, please contact:
Frank Träger, Vice President Investor Relations
Email: f.traeger@exceet.ch
Phone: +41 (0)41 499 9324

ISIN LU0472835155 (Shares), Regulated Market, Prime Standard, Frankfurt am
Main
ISIN LU0472839819 (Warrants), Regulated Market, General Standard, Frankfurt
am Main


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Language:     English
Company:      exceet Group SE
              114, avenue Gaston Diderich
              L-1420 Luxemburg
              Grand Duchy of Luxembourg
Phone:        +352 2600 3181
Fax:          +352 2600 3133
E-mail:       info@exceet.ch
Internet:     www.exceet.ch
ISIN:         LU0472835155, LU0472839819
WKN:          A0YF5P, A1BFHT
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in München
 
End of Announcement                             DGAP News-Service
 
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