PC-Ware Information Technologies AG
PC-WARE Info. Technolog. english
PC-Ware propels Net Profit by + 229%
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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PC-Ware propels Net Profit by + 229%
Strong first-half results: Revenues: + 74%,
EBIT: + 214% / BISON Systems AG is consolidated for the first time
(Leipzig, November 29, 2002) In the first six months (April 1, 2002 – September
30, 2002) of the 2002/2003 financial year, the IT services company PC-Ware
Information Technologies AG recorded a revenue increase of 74%, taking sales to
EUR275.14 million. Earnings before interest and taxes (EBIT) were raised by
214% to EUR5.37 million in the first half of the current financial year.
Compared with the same period a year ago, earnings before taxes (EBT) improved
by 157% to EUR5.81 million (EBITDA EUR7.63 million, increase of 116%). The
company’s net profit for the first half amounted to EUR3.08 million, a 229%
year-on-year increase (1st half 2001/02: EUR0.94 million).
PC-Ware has achieved above-par results in all three business units.
Generating approx. EUR82 million in sales, PC-Ware’s European subsidiaries
contributed almost a third of the Group’s overall sales revenues in the first
half. PC-Ware’s Dutch subsidiary has emerged as the market leader in the
Netherlands when it comes to licensing Microsoft software. It achieved earnings
before interest and taxes (EBIT) of EUR1.9 million, on sales of EUR40.9 million.
For the first time, the newly acquired Swiss entity BISON Systems AG was
included in PC-Ware’s scope of consolidation. Between July 1 and September 30,
BISON generated sales revenues in the amount of EUR9.8 million.
end of ad-hoc-announcement (c)DGAP 29.11.2002
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
PC-Ware Information Technologies AG (ISIN DE0006910904/WKN 691090):
The Leipzig-based Company is recognised as one of Europe’s leading IT service
providers and offers a wide range of services from licensing of standard
software and software management over system support culminating in complete
system house services. In Germany and the Netherlands, the Company is market
leader in the field of software licensing and license management. PC-Ware has
subsidiaries in seven European countries (D, GB, F, I, NL, A, CH). Employing
about 560 members of staff, it serves a customer base of more than 48,000
clients. The Company operates in three areas of the IT sector.
This service offering is divided into the three business units Software Sales &
Licensing (SSL), Software Support & System Management (S3M) and Integrated
System Solutions & Support (ISS). PC-Ware cooperates closely with a number of
global players within the IT industry, including Microsoft, Novell, IBM/Lotus,
Attachmate, Network Associates, Computer Associates, Cisco and Compaq. The
Company has been operating profitably since its inception in 1990.
For further information:
PC-Ware Information Technologies AG
Stefan Edlich
Investor Relations
Tel: 0341 25 68-000
E-mail: investor.relations@pc-ware.de
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WKN: 691090; ISIN: DE0006910904; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hannover
und Stuttgart
290730 Nov 02
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