Impressive third-quarter growth
Vienna, Frankfurt, 19 October 2007 +++ For the quarter just ended, update software AG, a leading CRM solutions provider listed on the Frankfurt stock exchange, reports an increase in sales revenue of almost 48% and EBIT growth of 35%, the best third-quarter result in the company’s history.
Revenue up 47.6%
update software AG posted total revenue totalling EUR 7.936 million for the third quarter of 2007, up 47.6% compared to the same period in 2006 (EUR 5.379 million). A significant contribution to update’s above-average growth was made by the licence business, which soared by 43.5%. EBIT rose from EUR 0.548 million in the third quarter of 2006 to EUR 0.740 million in Q3 2007, an increase of 35.0%. The corresponding earnings before tax (EBT) of EUR 0.803 million compares to EBT in Q3 2006 of EUR 0.656 million (up 22.4%).
From a year-to-date perspective, total revenue for the first three quarters of this year was EUR 22.074 million, up 36.2% compared to the same period in 2006. EBIT for this period totalled EUR 2.166 million, up 60.1% versus the same period in 2006 (EUR 1.353 million). Accumulated EBT for the first three quarters of 2007 was EUR 2.374 million, up 67.0% year-on-year (EUR 1.422 million in 2006).
Sharp increase in equity and cash position
The cash position as of 30 September 2007 was EUR 10.758 million, up 30.2% from the balance at the end of Q3 2006 (EUR 8.262 million).
update software AG’s equity capital even increased by 63.5%, from EUR 13.953 million on 30 September 2006 to EUR 22.811 million on 30 September 2007.
Commentary text:
“Our focus on delivering industry-specific solutions has yet again been a key success factor: In the quarter just ended, the media segment was a very strong contributor to update’s growth. Two of the industry‘s best-known companies, Mediaprint in Austria and Gruner & Jahr in Poland, were among those who opted for the CRM solution of update,” said the board of management, commenting the results.
This is a translation from German into English.
IR Contact:
Jochen Zemroser
update software AG
Operngasse 17-21
A-1040 Vienna
Phone: +43 1 878 55 512
Fax: +43 1 878 55 505
Jochen.Zemroser@update.com
www.update.com
