Gauss Interprise AG
Gauss Interprise AG publishes Nine-Month Group Report 2003
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Hamburg, 29th November 2003 Gauss Interprise AG (Gauss)(Prime Standard: GSO,
ISIN DE0005532907) today published the Group report for the first nine months
of 2003, including the third quarter ended September 30th, 2003. The Gauss
Group achieved revenues of EUR 4.4 million in the third quarter (previous year
EUR 6.8 million), of which license sales accounted for EUR 1.2 million (previous
year EUR 2.5 million) and services for EUR 3.0 million (previous year EUR 4.0
million). Revenues for the nine-month period totalled EUR 14.7 million (previous
year EUR 22.8 million)
The decline in revenues compared to the same periods in the prior year is
attributable to delayed customer buying and customers buying in smaller
quantities given general world wide economic conditions, the financial condition
of the Gauss Group and concern as to its long term viability and uncertainty
created by the tender offer by Open TextTM Corporation for all of the common
shares of Gauss announced on August 27th, 2003. On October 15th, 2003 Open Text
Corporation acquired 75% of the common shares of Gauss and on November 18, 2003
it closed the tender offer for the common shares of Gauss. Open Text now owns
approximate 86% of the common shares of Gauss. The results reported by Gauss
for the period ending September 30th, 2003 have no impact on Open Texts
September 30th, 2003 financial results.
The operating loss (EBITDA) for the third quarter was EUR 1.5 million, which was
EUR 0.1 million below the previous quarter. The EBITDA for the nine-month
period amounted to EUR 4.1 million, and was EUR 2.5 million higher than the
previous year. The increased net losses for the nine-month period are primarily
attributable to the decreased revenues. Operating expenses for the quarter were
comparable to the same period in the prior year because lower personnel costs
were offset by certain non-recurring charges.
The net loss per share for the nine-month period was EUR 1.35 as compared to EUR
1.20 for the nine months ended September 30, 2002. As at the end of September
2003 the Gauss Group had cash assets of EUR 0.7million as compared to EUR 1.1
million at the end of June 2003.
end of ad-hoc-announcement (c)DGAP 29.11.2003
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
Release Disclaimer
Forward-looking statements in this press release are not promises or guarantees
and are subject to risks and uncertainties that could cause our actual results
to differ materially from those anticipated. The Company cautions you not to
place undue reliance upon any such forward-looking statements, which speak only
as of the date made. Forward-looking statements relate to, among other things,
the future performance of Open Text, the strength of the Companys pipeline, the
Companys growth and profitability prospects, the Companys position in the
market, and future opportunities therein, the benefits of the Companys products
to be realized by customers, the demand for the Companys products, the benefits
of any acquisition and the deployment of Livelink and Livelink MeetingZone by
customers. Forward-looking statements may also include, without limitation, any
statement relating to future events, conditions or circumstances. The risks and
uncertainties that may affect forward-looking statements include, among others,
risks involved in the completion and integration of acquisitions, the
possibility of technical, logistical or planning issues in connection with
deployments, the continuous commitment of the Company’s customers, demand for
the Companys products and other risks detailed from time to time in the
Company’s filings with the Securities and Exchange Commission (SEC), including
the Company’s Form 10-K for the year ended June 30, 2003, and Form 10-Q for the
period ending September 30th, 2003. Forward-looking statements are based on
management’s beliefs and opinions at the time the statements are made, and the
Company does not undertake any obligations to update forward-looking statements
should circumstances or management’s beliefs or opinions change.
About Open Text
Since 1991, Open Text Corporation has delivered innovative ECM software that
brings people together to share knowledge, achieve excellence, deliver
innovation, and enhance processes. Its legacy of innovation began with the
successful deployment of the worlds first search engine technology for the
Internet. Today, as the leading global supplier of collaboration and content
management software for the enterprise, Open Text supports fifteen million seats
across 10,000 corporate deployments in 31 countries and 12 languages throughout
the world. As a publicly traded company, Open Text manages and maximizes its
resources and relationships to ensure the success of great minds working
together. For more information, visit www.opentext.com.
Trademark
Copyright © 2003 by Open Text Corporation. LIVELINK and OPEN TEXT are trademarks
or registered trademarks of Open Text Corporation in the United States of
America, Canada, the European Union and/or other countries. This list of
trademarks is not exhaustive. Other trademarks, registered trademarks, product
names, company names, brands and service names mentioned herein are property of
Open Text Corporation or other respective owners. Gauss and Gauss VIP are
trademarks or registered trademarks of Gauss, Inc. All other trademarks are the
property of their respective owners.
The full version of the nine-month report is available under the Investor
Relations section of the corporate website, www.gaussvip.de.
Gauss Interprise AG, Investor Relations, Kathrin Schuchard, Weidestraße 120a,
22083 Hamburg
Tel.: +49-40-3250-1218, Fax: +49-40-3250-19-1218, E-Mail: investor@gaussvip.com,
www.gaussvip.de
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WKN: 553290; ISIN: DE0005532907; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf und Stuttgart
290248 Nov 03
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