Comarch Software und Beratung AG
Comarch Software und Beratung AG: Improved results and new orders on the rise

Comarch Software und Beratung AG / Half Year Results

13.08.2010 09:26

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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- Revenues exceed 18.2 million euro (19.8 million) 
- EBITDA improves to -1.1 million euro (-2.7 million)
- New orders for standard software up at 2.6 million euro (1.9 million)
- System integration revenues climb to 3.7 million euro (3.5 million)

In the first half of 2010, Comarch Software und Beratung AG (formerly SoftM
Software und Beratung AG) posted revenues of 18.2 million euro (H1/2009:
19.8 billion). In the second quarter of 2010, sales remained stable at 9.4
million euro (Q2/2009: 9.8 million) after adjustments for changes in the
Group consolidation. New orders for software licenses grew by over a third
in the first six months of 2010 to 2.6 million euro (1.9 million). Results
improved against the same period in the previous year, with mid-year EBITDA
standing at -1.1 million euro (-2.7 million) despite further increased
development costs.

The standard software business unit - incorporating licensing and service
fees - posted sales totaling 8.6 million euro (8.9 million). Sales of
in-house software products rose, with revenues from the Java-based ERPII
Comarch Semiramis system substantially higher than in the same period in
the previous year. However, revenue from third-party software products fell
following the sale of the groupware segment at the end of November 2009
(groupware software revenues in H1/2009: 0.4 million euro). Revenues from
software were 4.4 million euro in the second quarter (Q2 2009: 4.6
million).

The consulting business unit - services and consulting linked to the
implementation and support of standard software - achieved sales revenues
totaling 5.9 million euro in the first half of 2010 (7.4 million). This
decline was prompted by a number of factors: the sales of the groupware
business unit and SoftM subsidiaries in Poland and the Czech Republic in
the second half of 2009, a major order which was completed at the end of
the first quarter, and the time lag in the consultancy unit's response to
the upturn in demand for software. Consulting revenues stood at 2.6 million
in the second quarter (Q2/2009: 3.3 million).

Comarch Software und Beratung AG posted an operating result before taxes,
interest and depreciation (EBITDA) of -1.1 million euro for the first half
of 2010 (-2.7 million). EBIT came in at -2.3 million euro (-6.3 million).
Both the result from normal business activities (EBT) and net income for
the first six months were also -2.3 million euro (-6.3 million and -5.4
million respectively). The result per share was -0.36 euro (-0.83 euro).
When reading the results, one should bear in mind that the company further
increased investment in the first half of 2010, but only a fraction of this
investment has been capitalized (0.9 million euro). Due to the
acceleration of development for the ERPII Comarch Semiramis software
including a new fully-integrated accounting and reporting system,
development costs rose over 10% in the first half of 2010 to 5.6 million
euro (4.9 million), equivalent to more than 30% of sales revenues.
Investment in the ISAR project was at twice the previous year's levels.
Therefore results could be significantly improved despite the steep hike in
development costs.

As indicated in the 2009 Annual Report and the interim report for the first
quarter of 2010, the Management Board of Comarch Software und Beratung AG
expects a slight year-on-year improvement in Group sales. EBITDA should
move to positive territory.
The quarterly report for Q1/2010 is available as a download at
www.comarch.de (see Comarch Software und Beratung AG/Investor Relations)
and www.softm.com/ir


For further information please contact:
Friedrich Koopmann, Investor Relations, Comarch Software und Beratung AG,
Messerschmittstr. 4, 80992 Munich, Germany
Phone: +49 (0) 89 14329 1199; Cellphone: 0175 2915 666; Fax: +49 (0) 89
14329 1113;
E-mail: friedrich.koopmann@comarch.com

End of the ad hoc announcement

Information about the issuer of this ad hoc announcement

Comarch Software und Beratung AG is a leading provider of complete IT
solutions for small and medium-sized businesses. The Group develops and
distributes standard business-management software for small and
medium-sized enterprises and is a market leader in the German-speaking
market. The Group's product range includes business software for ERP and
finance specifically tailored to the needs of small and medium-sized
industrial and trading companies, together with a full range of software
implementation and support services. Comarch Software und Beratung AG also
provides IT infrastructure products and services, from server and storage
systems through networks to DMS and ECM solutions. Comarch Software und
Beratung AG currently employs around 350 staff at 12 locations in Germany,
Austria and Switzerland and has approximately 4,000 customers.
The majority shareholder in Comarch Software und Beratung AG is Comarch
S.A., a global IT business solutions provider based in Krakow with around
3,500 employees in 16 countries.


13.08.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Comarch Software und Beratung AG
              Messerschmittstraße 4
              80992 München
              Deutschland
Phone:        +49 (0)89 14329 1199
Fax:          +49 (0)89 14329 1113
E-mail:       friedrich.koopmann@softm.com
Internet:     www.comarch.de
ISIN:         DE0007249104
WKN:          724910
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Hamburg, München, Berlin, Düsseldorf, Stuttgart
 
End of News                                     DGAP News-Service
 
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