CEYONIQ AG
CEYONIQ AG english
CEYONIQ: Strong growth in the first nine months, +81.6% increase in revenues
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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CEYONIQ: Strong growth in the first nine months, +81.6% increase in revenues,
+75.1% increase in EBITDA; Changes in the executive board effective by the end
of the year
Bielefeld, November 22, 2001 CEYONIQ, one of the world’s leading providers on
the expanding market for innovative Content Management solutions, continues on
its successful course. Revenues of the CEYONIQ group increased in the first nine
months of 2001 by +81.6% to EUR 89.62 m (9-month revenue 2000: EUR 49.35 m).
The EBITDA increased by +75,1% to EUR 23.98 m. compared to the same period last
year. The earnings per share (EPS) before goodwill depreciation amounted to EUR
0.34 and after goodwill depreciation EUR 0.10.
The major share of group revenues is attributed to high-yield licence revenue
which accounted for 50% (61% in 2000) of revenues, followed by services with 32%
(23% in 2000), maintenance with 10% (10% in 2000) and merchandise with 8% (6%
in 2000). The percentage shift within the revenue structure is essentially
caused by the consolidation of the US-subsidiary since January 23, 2001.
In the first nine months, depreciation in the group amounted to EUR 15.08 m.
(+123.8%), including EUR 6.81 m. for goodwill depreciation.
Expenditures for research and development amounted to EUR 18.1 m. (20,2% of
revenues). During the report period, development activities focussed primarily
on completion of the solution portfolio CEYONIQ Solutions.
The profit on revenues before taxes on earnings and goodwill depreciation in the
group amounted to 14,7 % for the first nine months.
As of September 30, 2001, CEYONIQ employed 858 members of staff worldwide (555
employees at the same point in time last year), including 175 in North America
(0).
end of ad-hoc-announcement (c)DGAP 22.11.2001
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
The terrorist attacks on September 11 and the resulting uncertainty in many
branches of the economy have also affected our business activities, particularly
in the USA. We realized that certain customers have postponed their projects
and investments to a later point in time. Under these handicaps, the US
subsidiary CEYONIQ Inc. (formerly TREEV Inc.) earned sales revenues of EUR 6.6
m. in the 3rd quarter. Sales revenues in the first nine months amounted to EUR
20.9 m. in total, an increase of 11.5% compared to the same period last year.
The American company’s EBIT in the first nine months amounted to EUR 0 m.
compared to a considerable loss registered in the same period last year.
Reorganisation and streamlining of the company are successfully in progress at
the moment.
In last months, CEYONIQ has concentrated on optimising the company-structure.
Synergy effects from previous acquisitions have been put to good use, structures
slimmed down and potential cost reductions tapped which will come to full
effect in 2002.
With its solid and broad customer basis of around 4,500 customers world-wide and
its significant product innovations, CEYONIQ is well positioned as a leading
provider of company-wide Content Lifecycle Management (CLM).
Upon end of December 2001, Jürgen Brintrup und Milan Stahl will leave the
executive board of the company. Jürgen Brintrup accompanied CEYONIQ successfully
in its growth since more than 11 years. Jürgen Brintrup will remain a major
shareholder and will not offer any shares at the stock exchange within the next
year. He will found a consulting agency and use his long-standing management
experience. Milan Stahl returns to Frankfurt after he successfully built up the
departments Investor Relations und Mergers & Acquisitions. He will work for a
new founded bank and will accept challenges in the institutional equity
business.
Thomas Wenzke takes over the function of CEO and carries on the business
together with Gerd Bührig.
CEYONIQ expects 2001 to be another successful year in the context of impaired
but nevertheless still positive business development, good positioning on the US
market and Europe, and significant product innovations.
CEYONIQ is concentrating on strong growth in its core areas (CLM). For the
coming business year 2002, CEYONIQ will be pursuing the following objectives:
positive operative cash flows in all four quarters and clear decrease in third-
party debt. Group accounting will be converted from IAS to US-GAAP at the start
of the new business year. This decision has been influenced by the group’s US
presence and the NASDAQ listing and it will lead to the elimination of goodwill
depreciation fron the income statement.
Project and order backlog already booked for a total of EUR 46 m anticipates the
new fiscal year with confidence.
Amounts in thousand EurO 1.1.-30.9.01 Changes 1.1.-30.9.00
Revenues 89,620 +81.6% 49,354
EBITDA 23,981 +75.1% 13,693
Goodwill depreciations 6,810 +255.6% 1,915
Other depreciation 8,274 +71.5% 4,824
EBIT before depreciation 15,707 +77.1% 8,869
EBIT after depreciation 8,897 +27.9% 6,954
EBT before goodwill depreciation 13,176 +60.5% 8,210
EBT after goodwill depreciation 6,366 +0.8% 6,318
Group profit before goodwill 9,071 +101,3% 4,507
depreciation
Group profit after goodwill 2,771 -21.1% 3,511
depreciation
EPS before goodwill depreciation 0.34 +43.5% 0.23
(amounts in Euro)
EPS after goodwill depreciation 0.10 -44.44% 0.18
(amounts in Euro)
Average number of issued shares 26,411,826 19,470,302
Employees an 30.9.01 858 +54.6% 555
Amounts in thousand Euro 1.7.-30.9.01 Changes 1.7.-30.9.00
Revenues 30,404 +66.8% 18,221
EBITDA 7,734 +33.1% 5,810
Goodwill depreciations 2,454 +152% 974
Other depreciation 3,080 +51.6% 2,031
EBIT before depreciation 4,654 +23.2% 3,779
EBIT after depreciation 2,200 -21.6% 2,805
EBT before goodwill depreciation 3,607 +1,9% 3,539
EBT after goodwill depreciation 1,153 -55,0% 2,565
Group profit before goodwill 3,049 +54.4% 1,975
depreciation
Group profit after goodwill 781 -46,8% 1,468
depreciation
EPS before goodwill depreciation 0.11 +10% 0.10
(amounts in Euro)
EPS after goodwill depreciation 0.03 -57,1% 0.07
(amounts in Euro)
Average number of issued shares 27,316,975 19,839,457
Your contact:
CEYONIQ Aktiengesellschaft
Regine Kaufmann
Investor Relations
Winterstrasse 49
D-33649 Bielefeld
Tel.: ++49 (0) 521/ 93 18 2001
Fax: ++49 (0) 521/ 93 18 1029
E-Mail: r.kaufmann@ceyoniq.com
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WKN: 542000; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
220852 Nov 01
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