nextevolution AG / Final Results
31.03.2009
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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+++ Revenues rose from 26.9 million euro by 21 percent up to
32.5 million euro
+++ Non-capitalization of Software development costs and risk provision
affect result
+++ Broad enlargement of the customer basis
+++ Market position and service portfolio built firm basis for further
growth with sustainable rentability
Hamburg / Mainz, March, 31, 2009: nextevolution AG (ISIN DE000A0JC0A2 /
Prime Standard) released its annual report 2008 today. Hereafter, the
revenues rose by 21 percent from 26.9 million euro up to 32.5 million euro.
EBITDA was affected by special items from the non-capitalization of
software development costs and a conservative accounting within the
economic environment and could not follow the trend from the previous year.
EBITDA amounted as of 31.12.2008 -1,395 TEUR (previous year: 1,948 TEUR).
The period result after minority shareholders amounted as of balance sheet
day -3,697 TEUR (previous year: 28 TEUR). With a balance sheet total of
16,310 TEUR the equity ratio amounted 20.5 percent (previous year: balance
sheet total 21,482 TEUR / equity ratio 31.3 percent) at the end of the
business year 2008.
The operational development of the company was mainly affected by
inconsistent revenues trends in the segment 'Content Management Solutions'.
As revenues in the environment of the softwareplatform SAP developed
positively, the revenues in the environment of the softwareplatform IBM
underachieved. Especially positive was the development of the new segment
'Enterprise Infrastructure Solutions', established in May 2008, that
approximately contributed 3.3 million euro to the group revenues and
despite start-up costs a positive contribution to the operating profit. The
EBITDA development was especially affected by the non-capitalization of the
software development costs in the amount of approximately two million euro.
In addition, the company used conservative accounting in order to
accomodate the current economic environment. To anticipate future potential
risks now, nextevolution arranged specific provisions on receivables and an
adjustment of the inventorys concerning the expected investment climate.
These positions affected the result by another 0.8 million Euro. In
addition the absence of a part of the revenues from license and a shift of
revenues affected the result by approximately one million euro, as stated
within the nine-months-figures 2008. These effects lead to a negative
EBITDA in the amount of 1.4 million euro.
nextevolution AG broadens its business volume in the reporting period by
being strongly involved into the subsequent and new projects of existing
customers in other application fields as well as the acquisition of new
IT-projects and strengthens the market position hereby again.
Successful project acquisitions with renowned companies like ADAC
Allgemeiner Deutscher Automobilclub, Basler Versicherungen AG and Deutsche
Post AG emphasize the high expertise in the ancestral market. Also
successful proceeds the acquisition of new customers within the industry
focus. In the segments 'Real Estate Management' and 'Broadcasting'
nextevolution acquiered among others projects with Deutsche Annington AG,
Bayerischer Rundfunk, ProSieben/Sat.1, DSF Deutsches Sportfernsehen and RTL
2. More over, the company strengthens its market position by rounding the
business spectrum by the segment 'Enterprise Infrastructure Solutions' and
the development of own software applications. This enables nextevolution to
meet the requirements of the market in the future more specific and give
the customers a more comprehensive advise.
For the expansion of nextevolution's market position, the company will
continue to focus on the development of and specialization in attractive
niche markets in the future to expand the business volume and to increase
the profitability in a sustainable manner. With the current corporate and
customer structure and the further development of the performance
portfolio, nextevolution believes to be perfectly positioned in the IT
market for this purpose. However, the massive disruptions of the financial
markets and the generally uncertain economic situation make it difficult to
make any accurate predictions about future sales and earnings. Until now,
the crisis has not significantly affected the operational business and no
major effects were felt with respect to the intended course of business.
However, if the customers also experience economy-related investment stops
and postponements, the growth dynamics of nextevolution AG would be
dampened significantly.
The Annual Report 2008 is available under www.nextevolution.de.
The Management Board
Investor Relations contact:
GFEI mbH
Hamburger Allee 26-28
Germany - 60486 Frankfurt am Main
T: +49 / 69 / 743 037 00
F: +49 / 69 / 743 037 22
www.gfei.de
nextevolution@gfei.de
Company contact:
nextevolution AG
Robert-Koch-Straße 41
Germany - 55129 Mainz
T: +49 / 61 31 / 914 200
F: +49 / 61 31 / 914 222
www.nextevolution.de
unternehmensinformation@nextevolution.de
About nextevolution:
nextevolution group, including its subsidiaries BGS AG and CEO AG, performs
IT-Consulting and systems integration in the German-speaking area. With the
service focus on 'Content Management Solutions', 'Portal based Business
Solutions' as well as 'Enterprise Infrastructure Solutions', nextevolution
generates innovative business solutions for medium-sized companies and
largesized companies and the public sector. nextevolution group offers an
integrated service offer, that covers the life cycle of a business solution
from the conceptual consulting over the implementation up to the support
during the utilisation phase. This approach supports the consistent and
efficient provision of the service process for the use of the customer.
Contact:
nextevolution AG
Robert Koch-Straße 41
55129 Mainz
T: +49 6131 914 200
F: +49 6131 914 222
unternehmensinformation@nextevolution.de
www.nextevolution.de
DGAP 31.03.2009
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Language: English
Issuer: nextevolution AG
Robert-Koch-Straße 41
55129 Mainz
Deutschland
Phone: +49 (0)61 31 / 914 202
Fax: +49 (0)61 31 / 914 222
E-mail: unternehmensinformation@nextevolution.de
Internet: www.nextevolution.de
ISIN: DE000A0JC0A2
WKN: A0JC0A
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Düsseldorf
End of News DGAP News-Service
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DGAP-News: nextevolution AG releases Annual Report 2008
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