Ad-hoc-Announcement Final Results BRAIN FORCE HOLDING AG: Results for the 2007 financial year and Q4 as at December 31, 2007 Ad hoc announcement transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------ Results of BRAIN FORCE HOLDING AG for the 2007 financial year and Q4 as at December 31, 2007 In the financial year ending on December 31, 2007, BRAIN FORCE HOLDING AG achieved net sales of EUR 98.3 million, i.e., a YoY growth of 11%. In the fourth quarter of 2007, net sales reached EUR 26.9 million which was slightly above the forecast and 6% higher than in the same period in 2006. EBITDA in 2007 was EUR 0.35 million, thereby falling substantially below the EUR 6.5 million in the 2006 financial year. In the fourth quarter, BRAIN FORCE HOLDING AG achieved an EBITDA of EUR 1.9 million, i.e., it remained 31% below the figure for the previous year which was EUR 2.7 million. Set against the background of the high depreciation of goodwill, the annual EBIT, i.e., EUR -16.7 million, was almost exactly as forecast in November when the reorganization measures were announced. The annual EBIT for 2006 was EUR 2.9 million. In Q4, 2007 however BRAIN FORCE achieved a positive EBIT of EUR 0.74 million, thereby underpinning the announced turnaround. Earnings before tax in the 2007 financial year was EUR -17.9 million (2006: EUR 3.23 million) and in the fourth quarter EUR 0.36 million. In Q4, 2006, this number was EUR 1.63 million. The result for 2007 (net income) is EUR -19.9 million while in the previous year, the result was EUR 4.2 million. In the fourth quarter of 2007, a positive net result of EUR 0.35 million was achieved (Q4, 2006: EUR 2.8 million). Earnings per share in 2007 were actually a loss of EUR 1.29. In 2006, earnings per share amounted to EUR 0.30. In the fourth quarter, BRAIN FORCE achieved earnings per share of EUR 0.03 (2006: EUR 0.20). The balance sheet total of BRAIN FORCE HOLDING AG as at December 31, 2007 was EUR 74.34 million. The equity was EUR 26.27 million, which equals a capital ratio of 35.3%. Net debt was EUR 6.53 million, i.e., a gearing of 24.9%. Cash as at the year end amounted to EUR 9.4 million. The company had a staff of 1,146, of which 283 were on a freelance basis. For the 2008 financial year, the management expects an increase in net sales to more than EUR 100 million and a consolidation of the turnaround, i.e., an EBIT between EUR 2 and 3 million. Results for the 2007 financial year: In TEUR 1-12/2007 1-12/2006 Net sales 98,333 88,531 EBITDA 346 6,514 EBIT -16,683 2,918 Earnings before tax -17,910 3,230 Result for the period (net income) -19,915 4,173 Earnings per share (EPS) (in €) -1.29 0.30 Q4, 2007 results: In TEUR Q4 2007 Q4 2006 Net sales 26,889 25,350 EBITDA 1,907 2,744 EBIT 742 1,657 Earnings before tax 364 1,635 Result for the period 352 2,789 EPS (in €) 0.03 0.20 Contact: BRAIN FORCE HOLDING AG Martin Kögel Wilhelm-Wagenfeld-Straße 30 D-80807 München Phone: +49 (0) 89 74833-985 Fax: +49 (0) 89 74833-920 mailto: martin.koegel@brainforce.com (c)DGAP 27.03.2008 --------------------------------------------------------------------------- Language: English Issuer: BRAIN FORCE HOLDING AG Wagramer Straße 19 A-1220 Wien Österreich Phone: +43 (1) 2630909-0 Fax: +43 (1) 2630909-40 E-mail: postoffice@brainforce.com Internet: www.brainforce.com ISIN: AT0000820659 WKN: 919331 Listed: Foreign Exchange(s) Wien End of News DGAP News-Service ---------------------------------------------------------------------------