VSG Vange Software Group AG
VSG Vange Software Group AG increases net earnings by 51% in the first half of the year
VSG Vange Software Group AG / Key word(s): Half Year Results VSG Vange Software Group AG increases net earnings by 51% in the first half of the year 26 September 2012 − VSG Vange Software Group AG (WKN: A1JTW0, Ticker: VWA) increased its revenue by 60%, from EUR 16.6 million in the previous year to EUR 26.7 million in the first half of 2012. This originated from both higher order volumes and the continued overall increase in customer numbers. Earnings before interest and taxes (EBIT) rose from EUR 7.7 million in the first half of 2011 to EUR 11.9 million, corresponding to a rise of 55%. Net earnings increased by 51%, from EUR 5.7 million in the previous year to EUR 8.6 million. Taking into account positive changes in exchange rates in the first half of 2012, total earnings went up from EUR 4.6 million in the previous year to EUR 10.5 million, a rise of 128%. Earnings per share amounted to EUR 2.12 in the first half of 2012. The Company expects business to continue developing positively in the second half of 2012. The complete report for the half year 2012 is available on the company's website. Contact:
VSG Vange Software Group AG
edicto GmbH End of Corporate News 26.09.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | VSG Vange Software Group AG | |
Seefeldstrasse 69 | ||
8008 Zürich | ||
Switzerland | ||
Phone: | +41 43 4883 705 | |
Fax: | +41 43 4883 500 | |
E-mail: | IR-VSG@vsg-group.com | |
ISIN: | CH0149557099 | |
WKN: | A1JTW0 | |
Listed: | Freiverkehr in Berlin, Düsseldorf, Stuttgart; Open Market (Entry Standard) in Frankfurt | |
End of News | DGAP News-Service |
186611 26.09.2012 |