Ad-hoc | 8 May 2002 08:30

BETA Systems Software english

Beta Systems Software AG Announces Results For The First Quarter 2002 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Beta Systems Software AG Announces Results For The First Quarter 2002 – Revenues increased by 26.1% to Euro 11.1 million in Q1 2002 – Beta Systems reaches profitability in the first quarter – Management reiterates positive outlook for 2002 Berlin, May 8, 2002 – Beta Systems Software AG, Berlin, a leading provider of high performance intelligent data management solutions, has announced its results for the first quarter ended March 31, 2002. Financial Highlights First Quarter 2002 – Revenues increased by 26.1% to Euro 11.1 million (Q1 2001: Euro 8.8 million) – Operating income came in at Euro 0.3 million (Q1 2001: operating loss of Euro 1.7 million) – Earnings before taxes of Euro 0.7 million (Q1 2001: loss before taxes of Euro 1.3 million) – Net income of Euro 0.3 million (Euro 0.08 per share) – Positive cash flow amounting to Euro 7.0 million in Q1 2002 – Cash and cash equivalents stood at Euro 20.7 million at the end of the quarter end of ad-hoc-announcement (c)DGAP 08.05.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Operational Highlights – Implementation of “Eight Step” turnaround program continues as planned – Beta Systems secured several large contracts: IT provider of German Sparkassen financial group and REWE Informationssysteme place orders in Q1 2002 – Beta Systems launched UNIX-based output management solution: VIDiDOC(R) component Beta 93 UX for distribution of print output – Distribution partnership with SBB Software: joint distribution of Beta Systems’ new VIDiDOC(R) component Beta 93 UX and SBB’s UC4(R) job scheduling product – Distribution partnership with SEA: SEA will distribute Tantia’s backup and recovery products in North America as part of its own Data Center Suite – Expansion of European partner business: Tantia Technologies and HP showcase storage solutions at CeBIT 2002 Management Comments Commenting on the results, Karl-Joachim Veigel, CEO of Beta Systems Software AG, stated: “We are pleased to announce that – for the first time since our IPO – we have been able to conclude a first quarter with a profit. At the beginning of the year Beta Systems experienced some softness in IT expenditures by our customers, but despite this, we were able to secure a number of large-scale contracts in the first quarter of fiscal 2002. The results clearly validate the outstanding quality and positioning of our product and service offering in a competitive environment.” Mr. Veigel added, “In the first quarter of fiscal 2002, all our business units recorded double-digit revenue growth. We were particularly successful in accelerating the profitability of the business units Data Center and Document Management. We are still witnessing relatively slack demand in the US, and as a result the earnings of the Storage Management business unit remain disappointing. Related activities in Europe have yet to show their full potential, and we have intensified our efforts in this area.” Mr. Veigel concluded: “The implementation of our ‘Eight Step’ Program is on track and is gaining further momentum. We would like to reiterate our positive outlook for fiscal 2002 and are confident we will achieve profitable growth for our Company.” Conference Call The Management Board will comment on the financial results for the first quarter 2002 as part of a conference call to be held on Monday May 13, 2002. The conference call will take place at 14.00 CET. Dial-in number +49 (0)6074 8648 (Access Code: “betasystems”). After conclusion of the conference call, an instant replay service will be available for 24 hours. The recording can be accessed by calling +49 (0)6074 864888. For any questions prior to the conference call, please do not hesitate to contact Mr. Arne Bassler on +49 30 726118-170. Beta Systems Software AG, Berlin, Germany Beta Systems Software AG, (Neuer Markt: BSS), is a leading provider of high performance intelligent data management solutions. The Company supplies software that allows companies to streamline and manage their Data Center, Storage and Document Management processes. Beta Systems specializes in the automation and optimization of its customer’s voluminous data processes, focusing on the handling, storage and distribution of data and documents in the most cost effective and intelligent way. Beta Systems’ clients are typically large organizations in the industry, finance, telecommunications, energy, service and public sectors whose traditional methods of data management involved cumbersome time, money and other resources consuming procedures. Many of the solutions developed by Beta Systems are open architecture in nature and create an information infrastructure that reduces the past complexities of information management. Beta Systems’ products are distributed worldwide by its own and partner organizations. The Company has been publicly traded since 1997 and has 334 employees worldwide (as of December 2001). For more information, please visit the corporate homepage at http://www.betasystems.com . Contact: Investor Relations Arne Bassler Beta Systems Software AG Tel.: +49 (0)30 726 118 -170 Fax: +49 (0)30 726 118 -881 e-mail: arne.bassler@betasystems.com ——————————————————————————– WKN: 522 440; ISIN: DE0005224406; Index: Listed: Neuer Markt Frankfurt und im Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München und Stuttgart 080830 Mai 02