OpenLimit Holding AG / Final Results/Forecast
21.04.2010 16:11
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Baar, 21 April 2010 â This morning, OpenLimit published its Annual Report
2009. Total income increased by 3% to CHF 9.6m in comparison to 2008. The
year, however, concluded with a loss of CHF 0.80m. OpenLimit continued to
invest in personnel resources, in line with the positive market
developments. Personnel expenses, associated costs and higher depreciation
and amortization, which increased by 76% to almost CHF 2.0 Mio., were the
principal reasons for the loss. Although annual revenue at CHF 6.6m was 8%
lower compared to the previous year, the year was nonetheless very
successful. Through the achievement of several milestones, such as the
award of the contract by Siemens to develop the Citizen Client for the new
German ID-card, the conclusion of the strategic partnership with Siemens or
the technological collaboration with Fujitsu within the scope of the
development for the long-term archiving solution, SecDocs, we not only
positioned ourselves securely in the eID market, but also created a good
initial position for long-lasting and sustainable growth.
'The year 2009 was again another milestone year. The successes in 2009
confirm the overall strategy, and we are going to maintain and even expand
this direction in the future,' says Marc Gurov, CEO of OpenLimit.
Strong Concentration on Groundbreaking Projects
The primary focus in 2009 was the positioning in the growing eID market.
Without a substantial focus of our resources, the awarding of the contract
to develop the Citizen Client (Bürgerclient), the application software for
the new identity card in Germany, would not have been possible. This
contract is the biggest in the history of OpenLimit and was followed by the
conclusion of a strategic partnership with Siemens, from whom OpenLimit
received the contract. Therefore, the OpenLimit technologies will be issued
in a Client environment over the next years to the citizens of the Federal
Republic of Germany, beginning November 1st, 2010. This will augment demand
for server technologies for electronic authentication and signature
processes going forward because with their implementation, media-consistent
processes and increased efficiency can be realized speedily. As the
technological leader, OpenLimit has a unique chance to further strengthen
its innovative lead.
Outlook for 2010
The current developments in the OpenLimit target market, Germany, justify
mid to long-term trust in the growth potential of the young electronic
signature market. OpenLimit is going to place a strong emphasis on the
development of further server technologies, also in conjunction with its
partners. Revenue growth is expected to occur particularly through the
selling of server technologies. The cooperative development of the
eID-server together with the Bundesdruckerei and the start of the
certification of the Fujitsu technology, SecDocs, which is based on the
OpenLimit middleware technologies for the long-term storage, are good
examples thereof.
OpenLimit also expects that existing partnerships are going to become
strategic partnerships. Furthermore, new partnerships will be established
in the growing market. This development is going to support the
internationalizing of our business activities.
With the planned activities and a seven digit EUR order volume, we assume a
growth in revenues by 30% in 2010 in comparison to 2009. In addition, we
again will strive to achieve an annual profit in 2010. Beginning with the
roll out of the new identity card in Germany, OpenLimit and its partners
should be able to take advantage of the market possibilities and grow more
strongly in the future.
You may download the Annual Report 2009 of the OpenLimit Group via the
following link:
www.openlimit.com/assets/files/ir/en/OL_Annual_Report_2009.pdf
â
About OpenLimit
OpenLimit Holding AG is an internationally leading provider of certified
software for electronic signatures and identities. Easily integrable
application components are the key to fully electronic invoicing systems,
media-consistent workflows and evidentiary long-term archiving. Maximum
security and legal validity are the outstanding features of the software
solutions on offer. This is borne out by its certification in compliance
with the most stringent international security standard for software
products, Common Criteria EAL4+.
Additional information is available under: http://www.openlimit.com/en
Investor Relations Contact
OpenLimit Holding AG
Marc Gurov
Tel: +41 41 560 10 20
Fax: +41 41 560 10 39
E-Mail: ir@openlimit.com
Legal Disclaimer
This press release contains forward-looking statements. Forward-looking
statements are statements which do not describe actual facts from the past;
they also comprise statements about our assumptions and expectations. Every
statement in this press release which reflects our intentions, assumptions,
expectations or forecasts (together with the assumptions that give rise to
our views) constitutes a forward-looking statement. These statements refer
to plans, estimates and forecasts which are currently available to the
management of OpenLimit Holding AG. Thus forward-looking statements only
refer to the day on which they were made. We shall accept no obligation to
adjust and/or publicize such adjusted statements in the light of new
information or future results.
21.04.2010 16:11 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: OpenLimit Holding AG
Zugerstrasse 76 b
6341 Baar
Schweiz
Phone: +41 41-560-1020
Fax: +41 41-560-1039
E-mail: investor@openlimit.com
Internet: www.openlimit.com
ISIN: CH0022237009
WKN: A0F5UQ
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, München, Stuttgart
End of News DGAP News-Service
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DGAP-News: OpenLimit Holding AG: OpenLimit Concludes Groundbreaking Year Successfully and Looks Confidently into the Future
| Quelle: EQS Group AG