Graphisoft N.V.
Graphisoft N.V. english
Graphisoft Announces Q1 2003 Results
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Second Consecutive Quarter of Operating Profit
Budapest, May 8, 2003 – Graphisoft announced today revenues for the three months
ended March 31, 2003 of EUR 6.4 million compared to EUR 6.7 million for the
same period last year. The Company is reporting its second consecutive quarter
with an operating profit. The operating profit of EUR 714 thousand for Q1 2003
represents a 262.4% increase compared to EUR 197 thousand for Q1 2002. While
revenues declined 3.5% compared to the same quarter in 2002, gross profit
increased, operating expenses decreased and EBITDA improved markedly.
First quarter revenue results improved in Europe, exceeding its 2002 first
quarter results by 9.9%, but dropped considerably in North America, where
economic and war-related uncertainty delayed purchasing decisions. On a product
basis, Graphisoft continues to see revenue growth from the ongoing release of
the latest version of its core architectural design product, ArchiCAD. However,
30.8% savings in cost of revenues and 8.1% decrease in operating expenses from
Q1 2002 to Q1 2003 contributed to a strong operating result.
Revenues derived from the core ArchiCAD and related products slightly increased
compared to 2002 and the business unit grew in the first quarter of 2003. The
roll-out of ArchiCAD 8 will continue throughout Q2 2003. Revenues in the
Facilities Management division continue to grow, especially in Hungary and
Germany, two of the focus markets for this nascent business.
The Management’s outlook for 2003 remains unchanged: Graphisoft sees growth
opportunity for each of its products, but remains cognizant of the uncertainties
that persist in the Company’s target markets and the global economy as a whole.
The last two quarters leave the Management cautiously optimistic for the rest
of the year.
end of ad-hoc-announcement (c)DGAP 07.05.2003
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WKN: 913585; ISIN: NL0000200525; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
072046 Mai 03
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