Graphisoft N.V.
Graphisoft N.V. english
Graphisoft Announces Q1 2002 Results
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
Graphisoft Announces Q1 2002 Results
Budapest May 9, 2002: Graphisoft announced today revenues for the three months
ended March 31, 2002 of EUR 6.7 million compared to EUR 6.1 million for the same
period last year. This growth in revenues is in line with the year’s target,
however, management does not expect the same growth rate in subsequent quarters.
The 9.9% growth in total revenues reflects different developments in the
individual geographical segments. The highest growth rate was achieved in the
North American market, due to the reorganization of Graphisoft’s North American
operations. As to the other regions, due to the continuing recession in some of
the major markets (Germany, Japan), Graphisoft management does not expect
similar growth for the Group in subsequent quarters, and forecasts only a modest
revenue growth and profitability for the year, as a result of increased
corporate efficiency.
Continuing efforts to keep costs within limits, led to a decrease in operating
expenses in the first quarter of 2002, which resulted in a positive operating
income of EUR 197 thousand compared to an EUR 515 thousand loss in the same
period last year and a substantial growth in EBITDA from EUR 86 thousand in Q1
2001 to EUR 671 thousand in the first three months of 2002. The cumulative
effect of change in accounting principle in US GAAP (FASB Statement 142) is a
EUR 352 thousand impairment charge that caused the Company to realize a EUR 278
thousand net loss.
With the appointment of Ray Small, the new CEO of Graphisoft a thorough review
of strategy and operations of the Group has begun with the main goal to improve
operational efficiencies in different areas of the Company.
The complete report can be downloaded from http://www.graphisoft.com.
end of ad-hoc-announcement (c)DGAP 08.05.2002
——————————————————————————–
WKN: 913585; ISIN: NL0000200525; Index:
Listed: Neuen Markt in Frankfurt; Freiverkehr Düsseldorf, Bremen, München
Stuttgart, Berlin, Hannover und Hamburg
082115 Mai 02
Aktuelle News
Aktuelle Berichte
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden