IXOS Software AG
IXOS Software AG english
IXOS meets growth targets in H1 2002/2003
Corporate-news announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
——————————————————————————–
IXOS meets growth targets in H1 2002/2003
Grasbrunn near Munich, February 4, 2003 – IXOS SOFTWARE AG, a provider of
document management solutions, generated double-digit growth in its sales
revenue and income from operations in the first half of fiscal year 2002/2003.
The IXOS Group”s half-yearly sales revenue rose 10% from EUR 54.9 million to EUR
60.6 million, as already announced ad-hoc on January 24th. Growth drivers were
the German sales region, which recorded an increase in sales revenue of 19% to
EUR 16.6 million (previous year: EUR 13.9 million) and the business in the EMEA
region, where sales revenue increased by 18% to EUR 20.0 million (previous year:
EUR 17.0 million). Income from operations (EBIT) rose 12% to EUR 1.9 million
(previous year: EUR 1.7 million). Interim profits totaled EUR 1.5 million
(previous year: EUR 1.9 million). This corresponds to earnings per share of EUR
0.07 (previous year: EUR 0.09), taking the increased capital stock into account.
Q2 particularly contributed to this growth. Income from operations (EBIT)
totaled EUR 4.1 million (previous year: EUR 4.0 million). Consolidated sales
revenue rose 5% to EUR 34.6 million (previous year: EUR 33.0 million). Earnings
before taxes (EBT) dropped to EUR 3.7 million (previous year: EUR 4.5 million)
due to negative exchange rate effects; earnings after taxes totaled EUR 3.7
million (previous year: EUR 4.5 million). This corresponds to earnings per share
of EUR 0.17 (previous year: EUR 0.23).
As of the reporting date December 31, 2002, the IXOS Group had cash and cash
equivalents of EUR 41.2 million (previous year: EUR 34.3 million). Total assets
amounted to EUR 105.4 million (previous year: EUR 99.3 million), the equity
ratio totaled 71%. The company employed 794 people (June 30, 2002: 778).
The Executive Board remains optimistic regarding the second half of the year.
The acquisitions of Obtree Technologies Inc. and the operating business of the
German company PowerWork AG, which were announced on January 24, 2003, will
allow the IXOS Group to generate accelerated sales growth in excess of the
previously forecasted 10% increase for fiscal year 2002/2003.
IXOS SOFTWARE AG
The Executive Board
End of disclosure
Contact: IXOS SOFTWARE AG, IR-Hotline: ++49-89-4629 2400
end of message, (c)DGAP 04.02.2003
——————————————————————————–
WKN: 506150; ISIN: DE0005061501; Index: NEMAX 50
Listed: Geregelter Markt in Frankfurt (Prime Standard), Freiverkehr in Berlin,
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
040700 Feb 03
Latest News
Latest Reports
Upcoming Events
No Events found
Webcasts
No Webcasts found