Graphisoft N.V.
Graphisoft N.V. english
Graphisoft: Half Year Report 2003
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Budapest, August 14, 2003 – Graphisoft reported today an operating profit for
the third consecutive quarter with an operating margin that continues to exceed
10%. Significantly improving in the first half of 2003, operating profit reached
EUR 1,479 thousand compared to an operating profit of EUR 55 thousand for the
same period last year. Revenues grew by 2.3% in the second quarter of 2003 from
EUR 6.6 million to EUR 6.7 million compared to 2002 results. 2003 six-month
revenues of EUR 13.1 million were slightly below the results of the same 2002
period (EUR 13.2 million). In Europe, revenues derived from the architectural
software and facility management business lines improved in both the three- and
six-month periods. Revenues in Europe increased by 13.1% in the three-month and
11.5% in the six-month periods, respectively. Sales performance in Switzerland,
Italy, Austria and the Nordic region improved significantly over the previous
period. However, in North America, government orders dropped, depressing the
region’s overall sales performance. In addition, the depreciation of the US
dollar had a negative impact on the region’s consolidated revenues when reported
in Euro. Continued focus on cost management resulted in a decrease by 11.3% in
the three-month period and by 11.4% in the six-month period in expenses. Lower
expenditures can be substantially attributed to the strong decrease in cost of
revenues due to rationalization of Graphisoft’s logistics and inventory
management. Moreover, the Company’s sales, marketing and development expenses
were decreased significantly as a result of focusing the new projects for
certain geographic regions. Despite unfavorable economic conditions worldwide,
the financial and market positions of the Company remain strong and management
continues to focus on opportunities for profitable growth while managing
Graphisoft’s operations to reflect current market realities.
Telephone conference:
Graphisoft management will hold a telephone conference regarding this statement
at 2:00 pm CET, Thursday, August 14, 2003 for investors, analysts and
journalists. To participate, please dial +49 69 27110 400. The telephone
conference will be recorded and available at +49 69 92056 444 for 24 hours after
the conference call. The complete report can be downloaded at
http://www.graphisoft.com.
end of ad-hoc-announcement (c)DGAP 13.08.2003
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WKN: 913585; ISIN: NL0000200525; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, und Stuttgart
132027 Aug 03
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