update enjoys more than 30 % growth in new license business in strong Q2
Ad-hoc release according to §15 WpHG
Quarterly Results
update enjoys more than 30 % growth in new license business in strong Q2 2005
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Vienna, Frankfurt, July 20, 2005 ++++ update software AG, a leading European CRM solutions provider listed on the Frankfurt stock exchange has recorded a strong second quarter in 2005: license revenues grew by 31.12 % compared to Q2 2004, total revenues were up 21.98 %.
More than 70 % increase in EBT
update increased its total revenue in the second quarter of 2005 by 21.98 % to EUR 4.790 million compared to EUR 3.927 million in Q2/2004, recording EBIT of EUR 803,000 (up 11.37 % on Q2/2004). The corresponding EBT totaling EUR 894,000 represents an increase of 70.29 % compared to the same period of the previous year.
Mid-year results show a total revenue lifted from EUR 7,440 million in 2004 to EUR 8,529 million in 2005 – up 14.64 %. This results in EBIT of EUR 837,000 – in line with forecast this is down 28.40 % year-on-year. This is due to the investments already mentioned in the first quarter to reach the total annual growth. However, it was possible to increase the earnings before taxes (EBT) for the first six months by 9.44 % to EUR 916,000.
Cash position up 47.19 %, equity up 101.20 %
As of June 30, 2005 cash and cash equivalents totaled EUR 8.721 million, up 47.19 % on the Q2/2004 (EUR 5.925 million). update software AG’s shareholder’s equity as of June 30, 2005 totaled EUR 10,193 million compared to EUR 5,066 million as of June 30, 2004.
IR contact:
Jochen Zemroser
update software AG
Operngasse 17-21
A-1040 Vienna, Austria
Tel.: +43 1 878 55 512
Fax: +43 1 878 55 505
Jochen.Zemroser@update.com
www.update.com
Commentary text:
"The growth of more than 30% in new licenses clearly highlights our company’s successful strategic orientation towards market leadership on our target markets", says the board of management, commenting update’s quarterly results. This above average growth is not only confirmation that the path towards further growth embarked upon with the investments made in the first quarter, but also further reinforces attaining the forecast targets for the year as a whole.
During the past quarter, the company was again able to win well-known new customers such as ratiopharm, one of the world’s leading providers for generic pharmaceuticals. Hassia Mineralquellen GmbH & Co. KG, one of Germany’s five largest mineral water companies, selected one of update’s CRM solutions during the second quarter. Other new customers include Winuel (IT services) in Poland and DeDietrich Thermique (heating technology) in France.
This is a translation from German into English.
