IXOS Software AG
IXOS Software AG english
Decline in license business impacts revenues and EBIT in Q3 2002/2003
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Decline in license business impacts revenues and EBIT in Q3 2002/2003
Munich/Grasbrunn, April 11, 2003 – Based on preliminary and unaudited results,
IXOS SOFTWARE AG generated consolidated revenues of approx. EUR31.5 million
(previous year: EUR32.1 million) in the third quarter of fiscal year 2002/2003
(31.3.) approximately matching last year`s performance. Particularly towards the
end of the quarter, growing economic and political uncertainties prompted
customers to refrain from already scheduled purchase decisions.
These purchase restraints caused a decline in license revenue of approx. 20% in
Q3, which had a direct impact on the Group`s consolidated operating result. At
the same time, the acquisition of Obtree Technologies Inc. and the operating
business of PowerWork AG resulted in planned one-time charges of around EUR3.0
million. These one-time charges include the depreciation of capitalized hidden
reserves, integration cost, as well as start-up expenditures for the sales,
service and support infrastructure of the workflow and content management
business. Therefore, IXOS is expecting an operating loss of approx. EUR2.5
million (previous year: EUR2.6 million) in Q3 2002/2003. On a like-for-like
basis, the Group would have generated an operating profit.
Despite these short-term charges to earnings, IXOS` Executive Board believes
that the Group will achieve an operating profit in the following quarter.
IXOS will publish a full disclosure of Q3 and 9 month results for fiscal year
2002/2003 on May 6 2003 prior to the start of stock exchange trading.
IXOS Software AG
The Executive Board
End of disclosure
Contact: IXOS IR Hotline: ++49 89 4629 2400
end of ad-hoc-announcement (c)DGAP 11.04.2003
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WKN: 506150; ISIN: DE0005061501; Index: TecDAX, NEMAX 50
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
110830 Apr 03
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