ABIT AG
Ad hoc-Service: ABIT AG english
Ad hoc announcement processed and transmitted by DGAP.
The issuer has the sole responsibility of this announcement.
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ABIT AG’s results for the Abbreviated Financial Year 2000:
– Sales increase to DM 14.3 million
– Annual net loss amounts to DM – 10.9 million
Meerbusch, March 27, 2001. ABIT, which sells software solutions for debt and
credit management at banks, large-scale creditors and medium-sized companies,
significantly increased sales in the past abbreviated financial year: sales for
the Group, including newly acquired subsidiaries in Germany and the USA,
totalled DM 14.3 million for the period August 1, 2000 to December 31, 2000.
Compared with the adjusted figure for the previous year – 5/12 of the full year
figure – this represents an increase of 92 %. To save costs and increase
transparency, ABIT has reverted to the calendar year as its accounting period
with effect from the beginning of this year. Total sales revenues (IAS) of DM
15.2 million for the Group exceeded the comparable figure for the previous year
(DM 8.7 million) by 75 %.
The increase in sales at ABIT AG is equally positive, thereby proving the
company’s ability to achieve strong organic growth based on its own strengths:
for the period August 1, 2000 – December 31, 2000, sales (HGB) increased by 82
% from DM 5.3 million to DM 9.6 million. Total revenues increased by DM 62 % to
DM 8.5 million.
After deductions for personnel expenditure and other expenses – particularly
the high exceptional costs in connection with company acquisitions – the net
annual result for the Group amounted to DM – 10.9 million. ABIT AG was able to
improve its net annual result by just under 40 % from DM – 12.2 million to DM
7.4 million.
The balance sheet total for the Group increased by 12 % to DM 85.4 million.
With equity capital at DM 56.7 million (equity ratio of 66.4 %) and Group
financial resources of DM 25.8 million, ABIT is well equipped for further solid
growth in the future.
For further information: ABIT AG, Am Wasserturm 6, 40668 Meerbusch,
Tel: +49-(0)2150-9153-898, Fax: +49-(0)2150-9153-299, investor@abit.de,
www.abit.net
end of ad hoc announcement, (c) DGAP 26.03.2001
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WKN: 512250; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
262123 Mär 01
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