IXOS Software AG
IXOS Software AG english
IXOS records profit from operations in Q4 and fiscal 2002/2003
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Munich/Grasbrunn, August 12, 2003: IXOS SOFTWARE AG increased consolidated
revenues in fiscal year 2002/2003 (July 1, 2002 – June 30, 2003) by 4.2% to
EUR127.1 m (previous year: EUR122.0 m). Adjusted for exchange rate effects,
revenues were up 11% year-on-year. Income from operations (EBIT) for the twelve-
month period amounted to EUR0.1 m (previous year: EUR7.7 m). The main reasons
for this drop were extraordinary acquisition and integration charges of EUR4.8 m
and negative exchange rate effects of EUR2.9 m. Pro forma EBIT (excluding
acquisition and currency effects) was EUR7.8 m. The expected income before
income taxes (EBT) totaled EUR-3.6 m (previous year: EUR7.1 m); the consolidated
net loss totaled EUR-4.0 m (previous year: consolidated net income of EUR6.8
m). Earnings per share therefore amounted to EUR-0.19 (previous year: EUR0.35).
In Q4, IXOS generated consolidated revenues of EUR35.2 m (down just 0.8%
compared to previous years figure of EUR35.5 m). After adjustment for exchange
rate effects, revenues were up 9%. Income from operations (EBIT) in Q4 amounted
to EUR0.9 m (previous year: EUR3.8 m). Excluding the charges relating to the
integration of IXOS acquisition Obtree Technologies Inc., and its purchase of
the operating activities of Powerwork AG (EUR2.0 ) and negative exchange rates
caused by the strong rise in the euro (EUR1.2 m), pro forma EBIT amounted to
EUR4.1 m in Q4. Income before income taxes (EBT) fell to EUR-1.0 m in Q4
(previous year: EUR2.6 m), which corresponds to a net income per share of EUR-
0.06 (previous year: EUR0.13). As of June 30, 2003, the total assets recorded in
the consolidated balance sheet amounted to EUR108.3 m (previous year: EUR98.5
m). The equity ratio improved to 65% (previous year: 63%), while cash and cash
equivalents accounted for 27% of total assets. As of June 30, 2003, IXOS
employed 919 people worldwide (previous year: 778).
IXOS expects an increase in revenues in fiscal 2003/2004 of approximately 10%.
Product and marketing initiatives planned for the ongoing fiscal year will
entail corresponding investments. Seasonally weaker revenues in Q1 will lead to
an operating income in line with last year. However, the Group is forecasting a
positive operating income in fiscal year 2003/2004.
end of ad-hoc-announcement (c)DGAP 12.08.2003
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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
120730 Aug 03
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