COMplus Technologies SE
Complus Technologies SE: Announces year-end results for 2010 and calls for an annual general shareholder’s meeting
Complus Technologies SE / Key word(s): Final Results/AGM/EGM
– COMplus AG (100 % wholly owned subsidiary of COMplus Technologies SE) showed a growth in revenues of over 120 % or EUR 7.8 million (vs. last year's EUR 3.5 million) – COMplus AG year-end net profit EUR 6 million. – COMplus Technologies SE's Annual General Shareholder Meeting set for February 21, 2012 Brandenburg an der Havel, January 13, 2012 – Year-end results for the COMplus Technologies SE were unable to be consolidated per December 31, 2010 with those of the COMplus AG, a 100 % wholly owned subsidiary of COMplus Technologies SE, due to the fact that the two companies have divergent business year-ends; COMplus Technologies SE (business year-end December 31), and COMplus AG (business year-end April 30). As a result, COMplus AG's business year will be adjusted as closely as possible to the calendar year 2011 so that a consolidated balance for COMplus Technologies SE 2011 can be created. The COMplus AG had revenues in the past business year (May 01, 2010 – April 30, 2011) of EUR 7.8 million. This represents an increase of 126 % when compared to last year's revenues over the same period (EUR 3.46 million). The resulting EBIT for the 2010/11 year was EUR 6.26 million versus EUR 0.88 million the previous year, or an increase of 611 %. The increased revenues were the result to a great extent of extraordinary income. The earnings per share were EUR 2.02. COMplus Technologies SE's investment portfolio was valued at EUR 2.55 million in the short business year 2010 (June 09, 2010 – December 31, 2010); whereby the portfolio was marked at acquisition price. The company had year-end total assets of EUR 3.10 million with paid in equity of EUR 2.85 million resulting in an equity ratio of 92 % per December 31, 2010. Liquid assets on balance sheet date were approximately EUR 0.32 million. Revenues were EUR 0.03 million, and the year-end loss (the result of one off company startup costs) was EUR 0.16 million. The COMplus Technologies itself had only minimal revenues as the primary revenues are made by its subsidiaries and these were unable to be consolidated per December 31, 2010 as previously stated. The year-end results for 2010 can be found on the company's homepage under http://www.complus-technologies.de/de/investor_relations/Hauptversammlung/4. These were imbedded in the annual report. Furthermore, the annual general shareholder's meeting has been called for, and it will tentatively take place in Berlin on February 21, 2012. Further details can also be found on the company's website. 'We are very happy with the development of COMplus Technologies SE as well as the COMplus AG investment. As a result of our wireless radio technology we are capable of providing rural areas with excellent internet access. The demand for our product remains very strong, and the expansion and development of the broadband network is proceeding excellently. We were able to add many new rural communities to our list of clients in 2011; Nennhausen, Wiesenburg and Briest to name a few. Our future investments will remain focused in the direction of Internet, Software, Computer und Media, as we continue to believe that above average revenues and growth can be realized in these sectors. The fact that the COMplus AG's subsidiary firms, the COMplus Automation GmbH and the COMplus Service GmbH, were responsible for a large portion of the final results for the COMplus AG underscore this philosophy; and they continue to develop positively. This shows us that we are on the right track with our focus on the automation and software sectors', says Uwe Maiberg, Managing Director of the COMplus Technologies SE. The Management About COMplus Technologies SE
Within the COMplus Technologies SE there are joined several projects. The actual projects cover the areas of internet access by directional radio, LED technologies, IT, plant construction and online games. The COMplus Technologies SE concentrates on the specific, fast and sustainable implementation of projects within growth markets. Due to the project structure the company achieves a lean and flexible organization which allows a continuous and strong growth under monetarily ideal conditions.
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GFEI Aktiengesellschaft
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