SAP Systems Integration AG
SAP Systems Integr. AG english
SAP SI reiterates annual targets despite modest quarterly results
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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SAP SI reiterates annual targets despite modest quarterly results
Frankfurt / Dresden, Germany, April 11, 2002. SAP Systems Integration AG (SAP
SI) expects to post sales for the first quarter of 2002 of between 73 and 75
million euros (compared to 60.1 million euros in 2001). Operating profit is
projected to lie between 5 and 5.5 million euros (8.8 million euros in 2001).
Results were impacted by provisions against bad debt relating to the Fairchild
Dornier insolvency proceedings, and by the decline, albeit expected, in the
utilization of consulting capacity. SAP SI has already taken appropriate
measures to reduce costs, strengthen sales and improve consulting capacity
utilization.
Order backlog on March 31, 2002, had risen by above 20 percent compared to year-
end 2001 (124 million euros). SAP SI is reiterating its targets for the whole of
2002 for revenue growth (between 15 and 20 percent) and operating profit margin
(between 15 and 17 percent).
The quarterly report will be published as planned on April 30, 2002.
Contact:
Stephan Kahlhöfer, SAP SI AG, +49 (0) 351 4811-160, investor@sap-si.com
end of ad-hoc-announcement (c)DGAP 11.04.2002
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WKN: 501 111; ISIN: DE0005011118; Index: Nemax 50
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
112036 Apr 02
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