DGAP-News: caatoosee AG:caatoosee presents its business figures for 2007

caatoosee ag / Final Results

11.04.2008 

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
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caatoosee presents its business figures for 2007

Leonberg (Germany) – 11 April 2008

The Leonberg-based IT service provider today presented its 2007 Annual
Report. Overall, caatoosee enjoyed sound business performance –
particularly its subsidiary and operating unit Teraport GmbH. With a
balanced result, consolidated net income developed positively in comparison
to the previous year. The positive trend in the course of business
documents the success of the increased sales activities and reinforces
caatoosee’s profile as a service provider in IT outsourcing and services.

During the financial year ended 31 December 2007, caatoosee generated
revenue of EUR 18.4 million, down from EUR 19.6 million in the previous
year. The positive performance of caatoosee was also reflected in the
improved gross profit margin to 24.1% compared with the previous year’s
figure of 23.7%. Gross profit amounted to EUR 4.4 million, down from EUR
4.6 million in the previous year.

Earnings before interest and taxes (EBIT) from continued business
operations fell from just under EUR 1.1 million in the previous year to EUR
0.2 million as a result of increased selling expenses and the rise in
administrative expenses due to examination of potential acquisitions as
part of the continued strategic development. The subsidiary Teraport
generated EBIT of EUR 2.8 million, down from EUR 3.4 million in the
previous year. The pre-tax earnings from continued business operations
decreased from EUR 1.2 million to EUR 0.3 million. Net earnings from
continued business operations decreased from EUR 1.2 million to EUR 0.3
million.

In financial year 2007, catoosee parted with its US subsidiary OuterBounds
Technologies, Inc., concluding its strategy of focusing on high-margin
parts of the Company. The company ceased operation in the first half of
2007 and its earnings contributions are presented as discontinued business
operations.

Earnings from discontinued business operations amounted to EUR -0.3 million
and were primarily due to the effect of deconsolidating OuterBounds.
Furthermore, the earnings contributions posted in the course of the year
until then were adjusted, resulting in overall balanced consolidated net
income of EUR 0.002 million and earnings per share of EUR 0.00 (with an
average of 24,098,988 shares as of the reporting date 31 December 2007).
Last year´s consolidated net income added up to EUR - 7,8 million with
earnings per share of EUR - 0.32, in which both the Sigma Group and
OuterBounds were still included in the earnings from discontinued business
activities.

Total assets as of the reporting date amounted to EUR 20.8 million, falling
from EUR 21.8 million. Cash and cash equivalents rose to EUR 11.8 million,
up on the previous year’s figure of EUR 11.3 million. The Group’s equity
ratio improved as of the 2007 reporting date to 78.0% from 74.0% in the
previous year.

caatoosee will also be pursuing the implementation of acquisitions of IT
companies in the consulting and services sector during the 2008 financial
year. In so doing, the focus will be on the Company’s earnings situation.
One-off costs will also arise in the 2008 financial year for additional
growth and the further strategic development of caatoosee.

The Supervisory Board saw the following changes in members at the start of
2008: Jürgen Gießmann resigned from his position on the Supervisory Board
in January 2008. Rolf Huber and Jan Tenné were appointed as members of the
Supervisory Board at the beginning of 2008 by court order.

The Management Board

caatoosee ag, which is listed in the Prime Standard (German Securities Code
Number: A0EPUK; ISIN: DE 000A0EPUK5) and headquartered in Leonberg near
Stuttgart, operates in the fields of IT outsourcing and services.
Management Board: Guido Alt (CEO), Stefan Ahrens (CFO), Michael Grünschloß
(COO). Supervisory Board: Reimund Blessing (Chairman), Hans Ulrich Dörr,
Dirk Alt, Rolf Huber, Günther Paul Löw  and Jan Tenné.> more information

caatoosee ag
ph + 49 (0) 7152.355-6621
fx + 49 (0) 7152.355-6650
investors@caatoosee.com


DGAP 11.04.2008 
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Language:     English
Issuer:       caatoosee ag
              Riedwiesenstr. 1
              71229 Leonberg
              Deutschland
Phone:        +49-(0)7152-355-6000
Fax:          +49-(0)7152-355-6650
E-mail:       investors@caatoosee.com
Internet:     www.caatoosee.com
ISIN:         DE000A0EPUK5
WKN:          A0EPUK
End of News                                     DGAP News-Service
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