SAP Systems Integration AG
SAP Systems Integr. AG english
Business at SAP SI as planned
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Business at SAP SI as planned
After the first nine months of the current fiscal year (January 1 to September
30, 2001), business at SAP Systems Integration AG (SAP SI) continued as planned
despite unfavourable market conditions. As compared to the respective period of
the previous year, SAP SI has increased its revenue by 50 % from EUR 129.7
million to EUR 194.0 million. Consulting & Project Management accounted for EUR
170.3 million (87.8 %) of the total, Outsourcing & Application Services for EUR
18.4 million (9.5 %), and Products for EUR 5.3 million (2.7 %). SAP SI America
contributed EUR 15.6 million. In the third quarter, SAP SI raised its revenue
to EUR 68.3 million, in comparison with EUR 44.8 million in Q3 2000. In the
first nine months of 2001, SAP SI’s operating profit before goodwill
amortization rose by 69 % from EUR 16.7 million to EUR 28.2 million. The
company improved its operating profit margin to 14.5 % from 12.8 % in the
respective period of the previous year. Consolidated earnings per share before
goodwill amortization climbed from EUR 0.25 to EUR 0.56. Compared to the first
nine months of the previous year, operating profit before goodwill amortization
from organic growth climbed from EUR 16.7 million to EUR 30.3 million. This
corresponds to an operating profit margin of 17.0 % as opposed to 12.8 % in
2000. In Q 3, 2001, operating profit before goodwill amortization from organic
growth rose from EUR 4.2 million to EUR 9.6 million. This corresponds to a 126 %
increase; operating profit margin improved from 9.4 % to 15.4 %. This was in
part due to the one-time effects of last year’s merger and IPO. Including the
contribution from SAP SI America, operating profit before goodwill amortization
amounted to EUR 8.2 million in the third quarter. Business in the US did not
fully meet our expectations. SAP SI has responded to the changed US market
environment by refocusing its business on six fast-growing market segments.
By September 30, 2001, the value of SAP SI’s order book had risen to EUR 123
million. The number of employees had increased by 35.3 % from 1197 in Q3 2000
to 1620, of which 128 are working in the US. The company confirmed its revenue
and profit forecast for 2001.
For additional information, please contact: Stephan Kahlhöfer, SAP SI AG,
+49-351-4811-160, investor@sap-si.com.
end of ad-hoc-announcement (c)DGAP 30.10.2001
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WKN: 501 111; Index: Nemax 50
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
300731 Okt 01
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