DGAP-News: EASY SOFTWARE AG: 27% sales increase. Adjusted group net income before tax amounting to EUR 0.9 has been reduced by a special write-off item.
(firmenpresse) - DGAP-News: EASY SOFTWARE AG / Key word(s): Half Year Results
EASY SOFTWARE AG: 27% sales increase. Adjusted group net income before
tax amounting to EUR 0.9 has been reduced by a special write-off item.
31.08.2011 / 21:32
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Mülheim an der Ruhr (Germany), August 31, 2011 - Listed on the General
Standard, EASY SOFTWARE AG (ISIN DE0005634000) is today publishing its
half-year financial report for the first half of 2011.
Stable sales trends within the group
The first half of 2011 saw an increase in group sales of about 27.5% to EUR
13.4 million (previous year: EUR 10.5 million). The increase in sales
results from higher sales of proprietary software products and an increase
in software maintenance revenues by EASY SOFTWARE AG, as well as from
first-time consolidation of otris software AG in the financial statement
for the first half of 2011.
Profit development
Group net income before tax (EBT) and before special write-off amounting to
about EUR 1.2 million on intangible assets within EASY SOFTWARE AG is EUR
888 thousand. Including the special write-off item, group net income before
tax (EBT) amounts to - EUR 307 thousand (previous year: - EUR 6 thousand).
The half-year results according to IFRS amount to - EUR 795 thousand
(previous year: - EUR 28 thousand). At the end of the first half of 2011,
earnings per share amounted to EUR 0.15 (previous year: EUR 0.01).
Slight decline in equity ratio - a very stable financial situation
As of June 30, 2011, equity ratio amounts to 52% (previous year: 60%). The
financial and capital structure of the EASY group is marked by generating
cash surplus. With about EUR 8.7 million (previous year: EUR 2.7 million),
the group has enough liquid assets available.
Good backlog of orders for the second half of 2011
The backlog of orders at the beginning of the second half of 2011 amounted
to about EUR 1.9 million (previous year: EUR 1.8 million). In addition,
software maintenance fees were already collected during the first half of
2011. However, these have not yet been recognized in the financial
statement. Both key figures form a solid basis for further trends in 2011.
Amounting to about EUR 1.6 million, current orders are end user projects
from Direct Sales, the handling of which implies maximum capacity of our
Consulting department for the next couple of months. Approximately EUR 0.3
million of the backlog of orders account for partner business; this sum
results in short-term inflow of funds.
Outlook 2011
Owing to business development within the first weeks of the second half of
2011 and to the current backlog of orders, the Management Board assumes
that sales during the second half of 2011 will be within the scope of
expectations. The originally targeted group net income for 2011, adjusted
by the special write-off item, will probably also be reached.
The complete half-year financial report 2011 is published in the Investor
Relations / Financial reports section at www.easy.de.
About EASY SOFTWARE AG
Established in 1990, EASY SOFTWARE AG has since been focusing on electronic
document and data archiving, as well as document and content management.
EASY SOFTWARE captures any type of bulk data, structuring and organizing
document flow. It ensures revision-proof long-term archiving and holds
contents and information ready enterprise-wide regardless of time and
location. This eliminates the need for long searches, the result being no
data loss and paper inundation in overflowing archive shelves.
With more than 10,500 customer installations, EASY SOFTWARE AG of Mülheim
an der Ruhr (Germany) is a leading developer and provider of multi-platform
solutions in the electronic archiving, document management and enterprise
content management sectors.
Mülheim an der Ruhr, Germany - August 31, 2011
The Management Board
End of Corporate News
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31.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: EASY SOFTWARE AG
Am Hauptbahnhof 4
45468 Mülheim an der Ruhr
Germany
Phone: +49(0) 208 450 16-0
Fax: +49(0) 208 450 16-90
E-mail: investor(at)easy.de
Internet: www.easy.de
ISIN: DE0005634000
WKN: 563400
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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137865 31.08.2011
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Datum: 31.08.2011 - 21:32 Uhr
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News-ID 61285
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