Mosaic Software AG
Mosaic Software AG: 6 Months Results 2005
Corporate-news transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Mosaic publishes consolidated results for the first six months of 2005
Bonn, August 11, 2005 – The Mosaic Group (Mosaic Software AG: General
Standard, ISIN: DE0007100208) today announced its consolidated results for the
first six months of the 2005 financial year.
In the first half of 2005, Mosaic took another important step with the merger
of the former Group subsidiary MOSAIC GEVA GMBH with Mosaic Software AG as
part of the restructuring of the MOSAIC Group initiated in 2004.
In the first half of 2005, when comparing figures for business development as
of the respective balance sheet dates, it should be noted that the figures for
2004 were also strongly impacted by the operating activities of Mosaic Geva
GmbH as well as the restructuring measures implemented at the subsidiary.
Taking these factors into consideration, in the first six months of 2005
Mosaic generated revenues of TEUR 1,847 after TEUR 4,161 in the same period of
the previous year. EBITDA amounted to -TEUR 1,201 (HY1 2004: -TEUR 1,254);
EBIT was -TEUR 2,341 after -TEUR 7,027 in the first six months of 2004.
Compared to the first half of 2004 (-TEUR 6,834), earnings in the reporting
period amounted to -TEUR 2,367. As of the balance sheet date of 30 June 2005,
the Mosaic Group has a high equity ratio of 71.8 percent.
As of the end of August 2005, the members of the Supervisory Board Dr.-Ing.
Helmut Elenz (Chairman) and Dr.-Ing. Klaus Rupf will be terminating their
positions for personal reasons. Thanks to the active support of the departing
members of the Supervisory Board, Mr. Prof. Dr.-Ing. Heinz Thielmann and Mr.
Dipl.-Ökonom Anton Wahl have been appointed as adequate successors. They will
take up their positions effective of September 01, 2005. The new members of
the Supervisory Board each contribute profound experience and expertise to
their new roles from their years in responsible management positions in large
corporations as well as in the German and international consumer and brand
goods industry.
Assem F. Audi, CEO of Mosaic Software AG said: ” In the first half of 2005 we
have initiated extensive turnaround activities to accomplish the turning
point. These activities focused on a fundamental reorganisation of
distribution channels. We are gradually attracting related systems companies
as sales partners and multipliers for Mosaic product sales. Our foremost goal
in the coming months will be to increase revenues and report a positive trend
in business development.”
The change in the Supervisory Board of Mosaic Software AG in line with Article
106 of the Aktiengesetz (German Public Companies Act) has been announced in
the electronic Federal Gazette at the same time as today’s publication of the
6-month’s Report for 2005. This report also contains further business data and
an extensive commentary on the development of business in the first six
months of 2005 (http://www.mosaic-aktie.de).
About Mosaic
Mosaic Software AG (General Standard, ISIN:DE0007100208) is a one of the
leading software manufacturers and EDI application service providers for
multilateral electronic exchange of business data and documents in e-business.
Irrespective of their industry, with Mosaic solutions and services companies,
organisations and manufacturers of all sizes can be incorporated completely
into the electronic processing of business transactions along with their
existing IT systems. Mosaic offers business process EDI and extends
conventional EDI by mapping the contents of multilateral business connections
(partner-specific validation).
Companies from various different industry segments use Mosaic solutions, with
the consumer goods industry at the forefront. Mosaic is the operator of EDI-
TradePortal, the central data nerve centre for commerce and industry. EDI-
TradePortal has established itself as the largest e-community in Germany and
as a standard in business communication.
The portfolio comprises business integration solutions, industry specific
EANCOM- and GS1-compliant applications and cross-industry clearing center
services and a special solution for processing mass domestic payment
transactions.
End of announcement (c)DGAP 11.08.2005
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WKN: 710020; ISIN: DE0007100208; Index:
Listed: Geregelter Markt in Frankfurt (General Standard); Freiverkehr in
Berlin-Bremen, Düsseldorf, Hamburg, München und Stuttgart
110731 Aug 05
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