IXOS Software AG
IXOS Software AG english
IXOS: sales revenue for first nine months + 6% – Special effects impact q3
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Grasbrunn near Munich, May 6, 2003 – IXOS SOFTWARE AG increased its revenue in
the first nine months of the current fiscal year by 6% to EUR 91.9 million
(previous year: EUR 86.5 million). The loss from operations (EBIT) for the nine-
month period totaled EUR -0.75 million, down from the EUR 3.9 million income
from operations for the same period of the previous year. The main reasons for
this drop were extraordinary acquisition and integration costs related to the
two companies acquired in Q3, Obtree Technologies Inc. and the operative
business of PowerWork AG, in the amount of EUR 2.8 million and negative exchange
rate effects in the amount of EUR 1.7 million. The pro forma EBIT (excluding
acquisition and currency effects) was EUR 3.7 million. Earnings before taxes
(EBT) totaled EUR – 2.6 million (previous year: EUR 4.5 million), while the
consolidated net loss totaled EUR -2.8 million (previous year: consolidated net
income of EUR 4.3 million). Earnings per share therefore amounted to EUR -0.13
(previous year: EUR 0.22). Despite the acquisition of two companies, cash and
cash equivalents remained almost constant in the first nine months of fiscal
year 2002/2003 at EUR 35.0 million (June 30, 2002: EUR 34.3 million).
In Q3, sales revenue was flat year-on-year at EUR 31.6 million (previous year:
EUR 31.6 million). Without exchange rate effects, sales revenue would have been
up 7% year-on-year. The consolidated loss from operations (EBIT) amounted to EUR
-2.4 million (previous year: consolidated income from operations of EUR 2.2
million). Without these one-time effects and start-up costs from the integration
process, IXOS would have generated an operating profit of EUR 0.4 million. The
pro forma EBIT (excluding acquisition and currency effects) was EUR 1.2 million.
Earnings before taxes (EBT) fell to EUR -3.8 million (previous year: EUR 2.4
million), meaning that earnings per share declined to EUR -0.18 (previous year:
EUR 0.12).
IXOS expects a return to profitability with a positive income from operations
(EBIT) in Q4. Due to its results in the third quarter, IXOS is predicting for
fiscal year 2002/2003 a growth of around 5% in sales.
Contact: IXOS-IR-Hotline: 0049/89/4629-2400
end of ad-hoc-announcement (c)DGAP 06.05.2003
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WKN: 506150; ISIN: DE0005061501; Index: TecDAX, NEMAX 50
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
060747 Mai 03
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