Graphisoft N.V.
Graphisoft N.V. english
Graphisoft Releases Q4 2002 Preliminary Results
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Graphisoft Releases Q4 2002 Preliminary Results
Graphisoft announced today preliminary fourth quarter revenues of EUR8.55M, and
full-year revenues of EUR26.2M. Revenues from the early November release of
ArchiCAD 8 favorably influenced the last quarter’s performance, especially in
North America. Revenues from ArchiFM generated by Graphisoft’s facility
management software division showed consistent strong growth throughout the
year.
As a result of strong initial sales of the new ArchiCAD release, as well as
accelerated cost control measures, the Company met or exceeded the guidance
given during the third quarter of last year. Revenue growth of 4.1%, coupled
with a 12.3% decrease in operating expenses delivered an operating profit of
EUR886 thousand, which reversed a fourth-quarter operating loss of EUR458
thousand in 2001. Similarly, net income for the quarter was EUR124 thousand,
compared to the loss of EUR1.042 million in the respective period of 2001.
Although the new ArchiCAD version was well received in the markets in which it
had been released in November, the strong fourth quarter performance could only
narrow, but not offset losses of the preceding nine months.
The Company’s strong financial condition, combined with the positive initial
market demand for ArchiCAD 8 and the continuing cost management give cause for
cautious optimism for 2003. Management will continue to adjust to difficult
market conditions to position the company for improved performance, and expects
the Company to return to modest growth and profitability in 2003.
The complete report can be downloaded from http://www.graphisoft.com .
end of ad-hoc-announcement (c)DGAP 12.02.2003
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WKN: 913585; ISIN: NL0000200525; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin,
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
122026 Feb 03
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