Aldata Solution Oyj
STOCK EXCHANGE RELEASE
February 21st, 2008, at 9.00 a.m. (EET)
ALDATA SOLUTION OYJ'S FINANCIAL STATEMENT RELEASE JANUARY-DECEMBER
2007 (unaudited)
Aldata in 2007 (compared to 2006)
The financial figures are prepared in accordance with the principles
of the International Financial Reporting Standards (IFRS).
* Net sales were EUR 74.7 million (EUR 88.8 million).
* Gross profit was EUR 62.3 million (EUR 70.7 million).
* Operating profit, EBIT, decreased to EUR -11.1 million (5.5
million)
* Profit before taxes was EUR -11.7 million (EUR 5.5 million).
* Net profit was EUR -11.7 million (EUR 2.5 million) and earnings per
share, EPS, were
-0.171 euros (0.037 euros).
* Cash flow from operating activities in 2007 was EUR -0.4 million
(EUR -2.2 million).
* At the end of December 2007, Aldata Group's cash, cash equivalents
and marketable securities amounted to EUR 9.1 million (EUR 5.7
million). The Group had interest-bearing debt EUR 5.0 million (EUR
0.0 million).
Aldata in Q4 2007 (compared to Q4 2006)
* Net sales were EUR 20.6 million (EUR 25.3 million).
* Gross profit was EUR 17.8 million (EUR 19.4 million).
* Operating profit, EBIT, was EUR -5.8 million (EUR 1.3 million).
* Operating costs in the fourth quarter include EUR 8.7 million
non-recurring costs related to the restructuring program. The
operating profit, EBIT, excluding non-recurring items was EUR 2.9
million.
* Profit before taxes was EUR -6.1 million (EUR 1.2 million).
* Net profit was EUR -6.0 million (EUR 0.3 million) and earnings per
share, EPS, were -0,088 euros (0.005 euros).
Message from CEO Bertrand Sciard
2007 was a tough year for Aldata, a year of uncertainty caused by
potential ownership change impacting on all aspects of our business
operations. In Q4 2007 we made some tough decisions, I believe the
right decisions, to steer the best path for the future of the
business. In my report for Q3 of 2007 I described the challenges
that Aldata faced in 2007, the global opportunities based on our
products and people, and the restructuring process necessary in Q4
2007 to lay the groundwork for future profitable growth.
The challenges of 2007 are now behind us. We still have the best
products and people to succeed in our chosen markets, the
restructuring program has been fully implemented across the
company, we have operated well in Q4, and we are equipped for
profitable growth in 2008.
In Q4 2007 Aldata performed strongly under the stresses of a major
restructuring program. Our Q4 operating profit excluding
non-recurring costs was EUR 2.9 million. We have weathered the
storm, retained the confidence of our global customers and industry
analysts, and are building the pipeline for 2008 sales.
In 2008 we will maintain our profitable operations with existing
customers by providing them with more high quality products and
service offerings. We will focus for new business on winning
additional customers in our core global retailer sector and
expanding our market share in the larger sector of specialist and
national retailers and wholesalers. This strategy will enable us to
return to profitable growth in 2008 and build a platform for future
expansion of the business.
2007 financial performance
The Group's net sales were EUR 74.7 million (EUR 88.8 million),
which represents a decline of EUR 14.1 million compared to the
previous year. Product sales, which include licenses for standard
products, licenses for customer specific developments and
maintenance revenues, accounted for 42% (51%) of total net sales.
Consulting services accounted for 46% (40%) and third party
licenses and hardware accounted for 12% (9%).
The Group's gross profit was EUR 62.3 million (EUR 70.7 million),
which represents a 83% (80%) gross margin. Operating profit, EBIT,
totalled EUR -11.1 million (EUR 5.5 million) and operating profit
excluding expenses for option plans was EUR -10.7 million (EUR 6.4
million).
Operating costs include EUR 0.5 million non-recurring costs related
to the public tender offer in the second quarter and EUR 8.7
million non-recurring costs related to the restructuring program
executed in the fourth quarter. The operating profit, EBIT,
excluding these non-recurring costs was EUR -1.9 million.
Pre-tax profit was EUR -11.7 million (EUR 5.5 million), net profit
was EUR -11.7 million (EUR 2.5 million) and earnings per share,
EPS, were -0.171 euros (0.037 euros).
Research and development costs totalled EUR 15.5 million (EUR 18.2
million), of which EUR 1.2 million (EUR 0.7 million), or 7.7 %
(3.8%), were capitalized. EUR 0.4 million (EUR 0.2 million) of
capitalized development costs were amortized.
Taxes for the period were EUR 0.0 million (EUR 2.9 million).
Business units in 2007
Net sales of the Supply Chain Management (SCM) Software business
unit were EUR 58.2 million (EUR 74.2 million). The gross profit was
EUR 50.8 million (EUR 59.4 million) and the operating profit, EBIT,
was EUR -8.1 million (EUR 5.1 million).
Net sales of the In-Store Software business unit were EUR 16.6
million (EUR 14.6 million). The gross profit was EUR 11.7 million
(EUR 11.3 million) and the operating profit, EBIT, was EUR
-0.3 million (EUR 2.6) million.
There were no internal sales between the Group's business segments.
Unallocated costs, the Group's shared items netted, decreased the
Group's operating profit, EBIT, by EUR 2.8 million (EUR 2.1
million).
October - December 2007 financial performance
The Group's net sales were EUR 20.6 million (EUR 25.3 million),
which represents a decline of 4.7 million euros compared to fourth
quarter net sales in the previous year. Product sales, which
include licenses for standard products, licenses for customer
specific developments, and maintenance revenues, accounted for 44%
(51%) of total net sales. Consulting services accounted for 46%
(37%), and third party licenses and hardware accounted for 10%
(12%).
The Group's gross profit was EUR 17.8 million (EUR 19.4 million),
which represents an 86% (77%) gross margin. Operating profit, EBIT,
totalled EUR -5.8 million (EUR 1.3 million) and operating profit
excluding expenses for option plans was EUR -5.7 million (EUR 1.5
million).
Operating costs in the fourth quarter include EUR 8.7 million
non-recurring costs related to the restructuring program. The
operating profit, EBIT, excluding non-recurring costs was EUR 2.9
million.
Pre-tax profit was EUR -6.1 million (EUR 1.2 million), net profit
was EUR -6.0 million (EUR 0.3 million) and earnings per share, EPS,
were -0.088 euros (0.005 euros).
Research and development costs in the fourth quarter totalled EUR
7.6 million (EUR 8.5 million), of which EUR 0.6 million (EUR 0.1
million) or 7.9% (1.2%) were capitalized. EUR 0.1 million (EUR 0.1
million) of capitalized development costs were amortized.
Aldata's reported order backlog includes product and third party
product sales that will be recognized as revenues during the
following twelve months. At the end of December 2007, the order
backlog was 18.5 million (EUR 19.1 million at the end of December
2006 and EUR 19.4 million at the end of September 2007).
Financial impact of the restructuring program
In order to lower its cost base and streamline its organizational
structure Aldata implemented in the fourth quarter 2007 a
restructuring plan. The plan included a personnel reduction, a
reduction of office space and discontinuing uneconomical business
operations. The total costs impact of the plan was EUR 8.7 million,
including a EUR 3.1 million restructuring provision.
The personnel reduction affected most operations and units. At the
end of December 2007 the headcount was 586 persons (616 persons at
the end of September 2007). In addition to the reduction taken
place in 2007, a termination of employment in the first quarter of
2008 had been agreed on with 46 persons.
A reduction of office space has been implemented in all Aldata's
units. It has been a combination of moving from expensive locations
to more economical offices, as well as reducing space in existing
offices.
The discontinuing of uneconomical operations includes terminations
of five contracts where the terms have not been reasonable from
Aldata's perspective.
In total these measures significantly reduce the Company's cost
base as well as streamline the operational structure. In addition,
new processes and policies have been implemented in order to
support growth and constant profitability.
Business units in fourth quarter 2007
Net sales of the Supply Chain Management (SCM) Software business
unit were EUR 15.6 million (EUR 19.7 million). The gross profit was
EUR 14.3 million (EUR 15.1 million) and the operating profit, EBIT,
was EUR -3.9 million (EUR 0.7 million).
Net sales of the In-Store Software business unit were EUR 5.1
million (EUR 5.4 million). The gross profit was EUR 3.7 million
(EUR 4.2 million) and the operating profit, EBIT, was EUR -0.3
million (EUR 1.6 million).
There were no internal sales between the Group's business segments.
Unallocated costs, the Group's shared items netted, decreased the
Group's operating profit, EBIT, by EUR 1.6 million (EUR 1.1
million).
Finance and investments
Cash flow from operating activities in the fourth quarter was EUR
0.5 million (EUR 0.5 million) and net cash flow was EUR 1.4 million
(EUR 0.1 million). Cash flow from operating activities in 2007 was
EUR -0.4 million (EUR -2.2 million) and net cash flow was EUR 3.5
million (EUR -3.7 million). These figures include the cash-impact
of the non-recurring restructuring measures.
At the end of December 2007, Aldata Group's cash, cash equivalents
and marketable securities amounted to EUR 9.1 million (EUR 5.7
million) and total assets were EUR 51.3 million (EUR 55.3 million).
The Group had interest-bearing debt EUR 5.0 million (EUR 0.0
million) and interest-bearing net liabilities totalled EUR -3.3
million (EUR -5.1 million). Short term receivables totalled EUR
26.7 million (EUR 34.9 million). The Group's solvency ratio was
38.6 % (54.5%), gearing was -16.6 % (-16.9%), and shareholders'
equity per share was EUR 0.286 (EUR 0.437).
The Group's capital expenditure on hardware and software purchases
amounted to EUR 0.6 million (EUR 0.6 million) in fourth quarter of
the year. In 2007 the Group's capital expenditure on hardware and
software purchases amounted to EUR 2.5 million (EUR 1.8 million).
Research and Development
In the fourth quarter Aldata's research and development costs were
EUR 7.6 million (EUR 8.5 million) and made up 37% (34%) of net
sales. A total of EUR 0.6 million (EUR 0.1 million) of development
costs were capitalized during the quarter. EUR 0.1 million (EUR 0.1
million) of capitalized development costs were amortized in the
quarter.
In 2007 Aldata's research and development costs were EUR 15.5
million (EUR 18.2 million) and made up 21% (20%) of net sales. A
total of EUR 1.2 million (EUR 0.7 million) of development costs
were capitalized during the year. EUR 0.4 million (EUR 0.2 million)
of capitalized development costs were amortized in 2007.
At the end of December 2007 166 (185) employees were involved in
R&D activities. This represents 28% (29%) of the Group's total
personnel. Aldata's R&D centers are located in Paris, France and in
Vantaa, Finland.
Personnel
Aldata Group employed 586 (632) persons at the end of December
2007, and on average had 625 (614) employees during the period. The
2007 year-end headcount includes 46 persons with whom a termination
of employment in the first quarter of 2008 has been agreed on.
31 December 2007 31 December 2006
By business unit Persons % Persons %
SCM Software 485 83 513 81
In-Store Software 91 15 108 17
Group Administration 10 2 11 2
Total 586 100 632 100
Approximately 55% of personnel were employed by Aldata companies in
France, 13% in Finland, 13% in Germany, 6% in Sweden, 5% in the US,
4% in Slovenia, 3% in the UK and 1% in Russia.
Share performance
The highest price of the Aldata Solution Oyj share during January -
December 2007 was EUR 1.90 and the lowest price EUR 1.13. The
average price was EUR 1.56 and the closing price EUR 1.22. The
trading volume on the Helsinki Stock Exchange was EUR 78.0 million
and altogether 50.3 million shares were traded, which represents
73% of the shares. Aldata Solution Oyj has 68.6 million shares
outstanding. The number of shares outstanding has increased by
457.900 shares during the period.
The number of shareholders was 4586 and the free float was 100,0 %
of the share capital at the end of December 2007. A total of 49.8 %
of Aldata Solution Oyj's shares were owned by foreign investors at
the end of the period.
Outlook 2008
After a very challenging 2007 with external factors, like a public
tender offer process, affecting business negatively, the Company
views 2008 developments positively. The Company intends to stay
independent and enjoys today a strong backing from its customers,
employees and shareholders. The positive operative developments
during the fourth quarter of 2007 and in the beginning of year 2008
proves that these challenges are now left behind.
The Company expects in 2008 to organically grow its revenues to
approximately EUR 80 million and to report operating profit, EBIT,
of at least EUR 6 million.
In addition to organically growing the business, the Company is
looking at targeted acquisitions in the retail software area and
also planning off shoring activities. These measures should further
support both growth and profitability.
Events after the review period
On January 25, 2008, the Board of Directors of Aldata Solution Oyj
invited the shareholders of the Company to attend the Extraordinary
General Meeting on 21 February 2008 at the Company's premises in
Vantaa. The following matters will be handled at the Meeting:
proposal of the Board of Directors on nullification of the stock
options granted pursuant to stock option program 2006 and proposal
of the Board of Directors on issuance of the stock options 2008A -
2008F. Regarding the issuance of the stock options 2008A-2008F, the
Board of Directors proposes that the Extraordinary General Meeting
shall decide to issue a maximum of 3,500,000 stock options, which
shall, with deviation from the shareholders' pre-emptive right to
subscription, be granted to the key persons of the Aldata Solution
Group and to a wholly owned subsidiary of Aldata Solution Oyj
defined by the Board of Directors (Subsidiary) without
consideration. The Board of Directors shall decide on the
distribution of stock options. It is proposed that the
shareholders' pre-emptive right to subscription be deviated from
since the stock options are intended to form part of incentive and
commitment program for the key persons. The stock options entitle
to subscribe for a maximum of 3,500,000 shares in Aldata Solution.
The stock options will be marked with symbols 2008A-2008F and the
share subscription periods with the stock options are scaled to
begin between years 2009-2012 The share subscription period for
stock option 2008E (250,000 pcs) begins after the closing quotation
of the Company's share exceeds for the first time EUR 4.50 for a
period of 45 trading days within any period of 365 days and for
stock option 2008F (250,000 pcs) the subscription period begins
after the closing quotation of the Company's share exceeds for the
first time EUR 6.50 for a period of 45 trading days within any
period of 365 days. The share subscription period ends with respect
to all options on 28 February 2013 and the share subscription price
for all stock options shall be the trade volume weighted average
quotation of the Aldata Solution share at the OMX Nordic Exchange
Helsinki Oy during 30 trading days preceding the Extraordinary
General Meeting resolving upon the issuance of stock options.
On February 5, 2008, the Company announced that a total of 80,000
new shares of Aldata Solution Oyj have been subscribed for with the
company's 2003B stock options. The corresponding increase in the
share capital, in total EUR 800.00, was entered to the trade
register on 5 February 2008. Following the increase, the company's
registered share capital is now EUR 686 587,95 and the number of
shares is 68 658 795. Trading of the new shares began on 6 February
2008.
The Board of Directors' dividend proposal
The Board of Directors will propose to the Annual General Meeting
that no dividend shall be distributed for the financial year 2007.
Helsinki, February 21st, 2008
Aldata Solution Oyj
Board of Directors
Further information:
Aldata Solution Oyj, Bertrand Sciard, President and CEO, tel. +358
10 820 8000 / Aldata Solution Oyj.
Aldata Solution Oyj, Thomas Hoyer, CFO, tel. +358 10 820 8010
Aldata will hold a press conference for the media and financial
analysts in Helsinki on 21 February, at 3.00 p.m. (EET) at Hotel
Kämp (Pohjoisesplanadi 29, Helsinki) in the Paavo Nurmi cabinet on
the ground floor.
The presentation material will be published on the Group's website
at www.aldata-solution.com
Aldata in brief
Aldata Solution is one of the global leaders in supply chain
software for retail, wholesale and logistics companies. The
company's comprehensive range of Supply Chain Management and
In-Store solutions enable its more than 300 customers across 50
countries to enhance productivity, profitability, performance and
competitiveness. Aldata develops and supports its software through
nearly 600 Aldata professionals and a global partner network.
Aldata is a public company quoted on OMX Nordic Exchange Helsinki
Oy with the identifier ALD1V. More information at:
www.aldata-solution.com
Distribution:
OMX Nordic Exchange Helsinki Oy
Media
APPENDICES
1 Income Statement
2 Balance Sheet
3 Statement of Change in Equity
4 Cash Flow
5 Contingent Liabilities
6 Key Figures
7 Segment Information
8 Quarterly Income Statement and Balance Sheet
9 Quarterly Key Figures
APPENDIX 1
INCOME STATEMENT
MEUR MEUR Change
*) unaudited 2007 *) 2006 %
Net sales 74,7 88,8 -15,8 %
Other operating income 0,4 0,4 -3,1 %
Material and services -12,8 -18,5 30,7 %
Personnel expenses -46,5 -45,9 -1,3 %
Depreciations and impairments -1,4 -1,1 -23,1 %
Other operating expenses -25,5 -18,1 -40,7 %
Operating profit -11,1 5,5 -300,4 %
Financial items -0,6 -0,1 -780,8 %
Profit before taxes -11,7 5,5 -314,8 %
Income taxes 0,0 -2,9 99,7 %
Minority interest 0,0 0,0 185,4 %
Profit for the year -11,7 2,5 -564,2 %
Attributable to:
Equity holders of the Company -11,7 2,5
Minority interest 0,0 0,0
Earnings per share -0,171 0,037
Earnings per share diluted -0,170 0,037
APPENDIX 2
BALANCE SHEET MEUR MEUR
*) unaudited 31 Dec 31 Dec
2007 *) 2006
ASSETS
Non-current assets
Goodwill 9,4 9,4
Capitalized development cost 2,2 1,4
Intangible assets 0,3 0,2
Tangible assets 1,6 1,5
Other long-term assets 0,1 1,0
Deferred tax assets 0,9 0,5
Non-current assets total 14,6 14,1
Current assets
Inventories 0,3 0,5
Account receivable 15,4 21,2
Loan receivable 0,0 0,0
Prepayments and accrued income 10,5 12,7
Income tax receivables 0,6 0,1
Other short-term receivables 0,8 1,0
Cash and cash equivalents 9,1 5,7
Current assets total 36,7 41,2
Assets total 51,3 55,3
SHAREHOLDERS' EQUITY AND LIABILITIES
Shareholders' equity
Share capital 0,7 0,7
Share Premium Fund 19,0 18,3
Translation difference 0,4 0,0
Retained earnings -0,4 10,9
Equity holders of the parent company 19,6 29,8
Minority interest 0,1 0,1
Shareholders' equity total 19,7 29,9
Non-current liabilities
Long-term loans 0,5 0,4
Deferred tax liability 0,1 0,0
Other provisions 3,6 1,3
Other long-term loans 0,0 0,1
Non-current liabilities total 4,2 1,7
Current liabilities
Short-term loans 5,4 0,2
Advances received 0,3 0,5
Account payable 3,5 6,6
Accrued expenses and prepayments 13,2 10,8
Other provisions 1,5 0,1
Other short-term loans 3,5 5,4
Current liabilities total 27,3 23,7
Liabilities total 31,6 25,4
Equity and liabilities total 51,3 55,3
APPENDIX 3
STATEMENT OF CHANGES IN EQUITY
Share
Share premium Translation Retained
TEUR capital fund difference earnings Total
EQUITY 31.12.2005 674 17 002 -75 7 476 25 078
Translation difference 0 0 42 0 42
Result of the financial
year 0 0 0 2 526 2 526
Total 0 0 42 2 526 2 568
Issue of share capital 6 1 143 0 0 1 149
Exercise of options 1 146 0 0 147
Share based payments
recognised against
equity 0 0 0 860 860
Total 7 1 289 0 860 2 156
EQUITY 31.12.2006 681 18 291 -33 10 862 29 802
Translation difference 0 0 396 0 396
Result of the financial -11
year 0 0 0 -11 729 729
-11
Total 0 0 396 -11 729 333
Exercise of options 5 705 0 0 710
Share based payments
recognised against
equity 0 0 0 440 440
Total 5 705 0 440 1 150
EQUITY 31.12.2007 686 18 996 363 -426 19 619
APPENDIX 4
CASH FLOW STATEMENT
MEUR MEUR
2007 2006
Cash flow from operating activities
Operating result -11,1 5,5
Adjustment to operating result 6,8 1,7
Change in working capital 4,8 -6,3
Interest received and other financial income 0,2 0,2Interest paid and other financial expenses -0,2 -0,1
Taxes paid -0,8 -3,2
Net cash from operating activities -0,4 -2,2
Cash flow from investing activities
Group companies acquired 0,0 -0,1
Investments in tangible and intangible assets -1,8 -1,3
Loans granted 0,0 -0,2
Net cash used in investing activities -1,8 -1,6
Cash flow before financing activities -2,2 -3,8
Cash flow from financing activities
Long-term loans, repayments -0,1 -0,1
Short-term loans, received 5,0 0,0
Share issue 0,7 0,1
Net cash used in financing activities 5,7 0,1
Net cash flow, total 3,5 -3,7
Change in cash and cash equivalents 3,5 -3,7
Cash and cash equivalents 1 Jan. 5,7 9,4
Cash and cash equivalents 31 Dec. 9,1 5,7
APPENDIX 5
COMMITMENTS AND CONTINGENCIES MEUR MEUR
2007 2006
Mortages 5,4 5,4
Leasing liabilities 10,7 16,1
Guarantees on behalf of group company debt 1,1 0,2
APPENDIX 6
Unaudited *)
IFRS IFRS IFRS IFRS FAS
KEY FIGURES,
MEUR 2007*) 2006 2005 2004 2003
SCOPE OF
OPERATIONS
Net sales, MEUR 74,7 88,8 76,0 66,1 75,3
Average number of
personnel 625 614 547 525 470
Gross capital
expenditure, MEUR 2,5 1,8 1,9 1,4 7,6
Gross capital
expenditure, % of
net sales 3,3 2,0 2,6 2,2 10,1
PROFITABILITY
Operating profit ,
MEUR -11,1 5,5 5,2 -0,8 3,4
Operating profit,
% of net sales -14,9 6,2 6,9 -1,2 4,6
Profit before
taxes and minority
interest, MEUR -11,7 5,5 5,5 -1,0 2,3
Profit before
taxes and minority
interest, % of net
sales -15,7 6,2 7,3 -1,4 3,1
Return on equity,
% (ROE) -47,4 9,2 14,9 -16,7 1,5
Return on
investment, %
(ROI) -37,8 21,0 23,5 -1,2 13,8
FINANCIAL STANDING
Quick ratio 1,3 1,7 1,7 1,6 1,4
Current ratio 1,3 1,7 1,7 1,7 1,6
Equity ratio, % 38,6 54,5 54,1 54,0 48,2
Interest-bearing
net debt, MEUR -3,3 -5,1 -8,7 -6,0 -5,4
Gearing, % -16,6 -16,9 -34,4 -27,6 -21,2
PER SHARE DATA 2007 2006 2005 2004 2003
Earnings per
share,
EUR (EPS) -0,171 0,037 0,050 -0,059 0,004
Earnings per
share,
EUR (EPS),
adjusted for
dilution
effect -0,170 0,037 0,050 -0,059 0,004
Shareholders'
equity
per share, EUR 0,286 0,372 0,372 0,317 0,372
Dividend/share,
EUR 0,00 0,00 0,00 0,00 0,00
Dividend/earnings,
% 0,0 0,0 0,0 0,0 0,0
Effective dividend
yield, % 0,0 0,0 0,0 0,0 0,0
Price/earnings
ratio - 48 37 - 485
Share performance
(EUR)
Share price on
31 Dec, EUR 1,22 1,77 1,85 1,11 1,94
Share issue-
adjusted average
share price, EUR 1,56 1,99 1,56 1,49 1,58
Share issue-
adjusted lowest
share price, EUR 1,13 1,53 1,07 1,00 0,86
Share issue-
adjusted highest
share price, EUR 1,90 2,83 2,07 2,24 2,19
Market
capitalization,
MEUR 84 121 125 71 131
No. of shares
traded during the
financial period,
(during the period
of
quotation in 1999) 50 289 310 28 577 161 44 229 797 51 724 278 53 101 752
% of the company's
average number of
shares 73 % 42 % 66 % 77 % 79 %
Number of shares 68 578 795 68 120895 67 433 942 67 433 942 67 433 942
Share issue-
adjusted number
of shares
annual average 68 426 162 68 120 895 67 433 942 66 490 002 66 490 002
Share issue-
adjusted number
of shares at the
end of the
financial period 68 578 795 68 120 895 67 433 942 67 433 942 67 433 942
Share issue-
adjusted number
of shares annual
average,
adjusted for
dilution effect 68 808 497 68 120 895 67 433 942 66 857 022 66 857 022
Share issue-
adjusted number
of shares at the
end of the
financial period,
adjusted for
dilution effect 68 961 130 68 120 895 67 433 942 67 436 122 67 436 122
APPENDIX 7
SEGMENT INFORMATION
Supply
2007 Chain In-Store Elimina-tions Total
Net Sales to External Customers 58,1 16,6 0,0 74,7
Segment operating profit -8,2 -0,2 0,0 -8,4
Unallocated items -2,7
Operating profit -11,1
Financial income and expenses -0,6
Profit before taxes and
minority interest -11,7
Taxes 0,0
Minority interest 0,0
Profit for the Financial Period -11,7
Segment assets 35,2 5,5 0,0 40,7
Unallocated assets 10,6
Total 51,3
Segment liabilities 17,8 5,7 0,0 23,5
Unallocated liabilities 8,1
Total 31,6
Capital expenditures 1,2 1,3 0,0 2,5
Unallocated capital
expenditures 0
Total 2,5
Depreciations 0,9 0,4 0,0 1,3
Unallocated depreciations 0
Total 1,3
Supply
2006 Chain In-Store Elimina-tions Total
Net Sales to External Customers 74,2 14,6 0,0 88,8
Segment operating profit 5,1 2,6 0,0 7,7
Unallocated items -2,1
Operating profit 5,5
Financial income and expenses 0,0
Profit before taxes and
minority interest 5,5
Taxes -2,9
Minority interest 0,0
Profit for the Financial Period 2,5
Segment assets 43,2 5,3 0,0 48,6
Unallocated assets 6,7
Total 55,3
Segment liabilities 20,0 2,5 0,0 22,6
Unallocated liabilities 2,9
Total 25,4
Capital expenditures 1,5 0,2 0,0 1,7
Unallocated capital
expenditures 0,1
Total 1,8
Depreciations 0,8 0,2 0,0 1,1
Unallocated depreciations 0,1
Total 1,1
APPENDIX 8
INCOME STATEMENT MEUR MEUR MEUR MEUR MEUR
quarterly figures Q4/2007 Q3/2007 Q2/2007 Q1/2007 Q4/2006
Net sales 20,6 16,6 19,1 18,3 25,3
Other operating income 0,0 0,1 0,1 0,2 0,0
Operating expenses -26,0 -18,2 -20,4 -20,2 -23,8
Depreciations and
impairments -0,4 -0,4 -0,3 -0,3 -0,3
Operating profit -5,8 -1,8 -1,5 -2,0 1,3
Financial items -0,3 -0,2 0,0 -0,1 0,0
Profit before taxes -6,1 -2,0 -1,5 -2,1 1,2
Income taxes 0,1 0,1 -0,2 0,0 -0,9
Minority interest 0,0 0,0 0,0 0,0 0,0
Profit for the financial
period -6,0 -1,9 -1,7 -2,1 0,3
INCOME STATEMENT MEUR MEUR MEUR MEUR MEUR
cumulative 1-12/07 1-9/07 1-6/07 1-3/07 1-12/06
Net sales 74,7 54,1 37,5 18,3 88,8
Other operating income 0,4 0,4 0,2 0,2 0,4
Operating expenses -84,8 -58,8 -40,6 -20,2 -82,5
Depreciations and
impairments -1,4 -1,0 -0,6 -0,3 -1,1
Operating profit -11,1 -5,3 -3,5 -2,0 5,5
Financial items -0,6 -0,3 -0,2 -0,1 -0,1
Profit before taxes -11,7 -5,6 -3,6 -2,1 5,5
Income taxes 0,0 -0,1 -0,2 0,0 -2,9
Minority interest 0,0 0,0 0,0 0,0 0,0
Profit for the financial
period -11,7 -5,7 -3,8 -2,1 2,5
BALANCE SHEET MEUR MEUR MEUR MEUR MEUR
31.12.07 30.9.07 30.6.07 31.3.07 31.12.06
ASSETS
NON-CURRENT ASSETS
Goodwill 9,4 9,4 9,4 9,4 9,4
Capitalized development
cost 2,2 1,8 1,6 1,4 1,4
Intangible assets 0,3 0,4 0,3 0,3 0,2
Tangible assets 1,6 1,7 1,6 1,5 1,5
Investments 0,0 0,0 0,0 0,0 0,0
Other long-term assets 0,1 0,7 0,7 0,8 1,0
Deferred tax assets 0,9 0,4 0,3 0,5 0,5
NON-CURRENT ASSETS TOTAL 14,6 14,6 14,0 14,0 14,1
CURRENT ASSETS
Inventories 0,3 0,6 0,4 0,6 0,5
Short-term receivables 26,7 27,4 31,3 34,0 35,0
Cash and cash
equivalents 9,1 7,7 4,3 6,7 5,7
CURRENT ASSETS TOTAL 36,7 35,7 36,0 41,4 41,2
ASSETS TOTAL 51,3 50,4 50,1 55,3 55,3
SHAREHOLDERS' EQUITY AND
LIABILITIES
Shareholders' equity 19,6 25,3 27,0 27,9 29,8
Minority interest 0,1 0,1 0,1 0,1 0,1
Non-current liabilities 4,2 2,0 1,7 1,7 1,7
Current liabilities 27,3 23,0 21,3 25,6 23,7
Liabilities 31,6 25,0 23,0 27,4 25,4
EQUITY AND LIABILITIES
TOTAL 51,3 50,4 50,1 55,3 55,3
APPENDIX 9
KEY FIGURES, MEUR Q4/2007 Q3/2007 Q2/2007 Q1/2007 Q4/2006
quarterly figures
Scope of Operations
Net sales, MEUR 20,6 16,6 19,1 18,3 25,3
Average number of
personnel, cumulative 625 630 634 632 614
Profitability
Operating profit , MEUR -5,8 -1,8 -1,5 -2,0 1,3
Operating profit, % of net
sales -28,2 -10,8 -7,8 -10,9 4,9
Profit before taxes and
minority interest, MEUR -6,1 -2,0 -1,5 -2,1 1,2
Profit before taxes and
minority interest, % of
net sales -29,7 -11,9 -8,0 -11,5 4,8
Return on equity, % (ROE) -47,4 -27,5 -27,0 -28,8 9,2
Return on investment, %
(ROI) -37,8 -21,7 -22,0 -25,3 21
Financial Standing
Quick ratio 1,3 1,5 1,7 1,6 1,7
Current ratio 1,3 1,6 1,7 1,6 1,7
Equity ratio, % 38,6 51,0 54,7 51,3 54,5
Interest-bearing net debt,
MEUR -3,3 -3,2 -3,6 -6,0 -5,1
Gearing, % -16,6 -12,7 -13,2 -21,6 -16,9
Per Share Data
Earnings per share, EUR
(EPS) -0,088 -0,027 -0,26 -0,031 0,005
Earnings per share, EUR
(EPS), adjusted for
dilution effect -0,088 -0,027 -0,025 -0,030 0,005
Shareholders' equity per
share, EUR -0,286 0,369 0,396 0,409 0,437
ALDATA SOLUTION OYJ'S FINANCIAL STATEMENT RELEASE JANUARY-DECEMBER 2007 (unaudited)
| Source: Aldata Solution Oyj
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