Graphisoft N.V.
Graphisoft N.V. english
Graphisoft announces reduced expectations for the rest of the year
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Budapest, September 13, 2002 – Graphisoft announces reduced expectations for the
rest of the year: third quarter revenues in the range of EUR 4.3-4.7 million,
annual revenues between EUR 25-26 million
To date, the third calendar quarter of 2002 has been characterized by the
continued economic slow down and building industry recession in Germany and
other important economies. This trend has further depressed demand for the
building and architectural products of global CAD companies, and has also
contributed to a decline in sales by Graphisoft in July and August. In addition
to this the company extended the quality assurance period for the new release of
its flagship product ArchiCAD and the launch date has been shifted from the
third to the fourth quarter of 2002, further depressing third quarter revenues.
As the cumulative effect of these adverse factors the Company expects its third
quarter revenues to be in the range of EUR 4.3 – 4.7 million (30-35% less than
in Q3, 2001), resulting in an operating loss between EUR 2 – 2.5 million.
Management anticipates that the fourth-quarter release of the new ArchiCAD
version will help regenerate revenue growth substantially, toward the end of
this year through the first part of next year, in line with the introduction
dates of the localized product versions. Considering the Company’s performance
to date and the expected break even in Q4, annual revenues are anticipated to
range between EUR 25 – 26 million, coupled with an operating loss of EUR 2 – 2.5
million.
In order to prepare Graphisoft to meet the increased challenges and regain
momentum, management continues the strategic review of the Group’s activities.
The Company will publish its 9 months results on November 14, 2002
end of ad-hoc-announcement (c)DGAP 13.09.2002
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WKN: 913585; ISIN: NL0000200525; Index:
Listed: Neuen Markt in Frankfurt; Freiverkehr Düsseldorf, Bremen, München
Stuttgart, Berlin, Hannover und Hamburg
132014 Sep 02
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