euro adhoc: IVU Traffic Technologies AG
quarterly or semiannual financial
statement
Figures for the first three months of the financial year 2008
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3-month report
21.05.2008
IVU Traffic Technologies AG begins the financial year 2008 with the following figures for the first three months: revenue of EUR 5.1 million (compared with EUR 6.3 million for the same period in the previous year, down 18 %), gross profit EUR 4.2 million (down 27 %), EBIT - EUR 1.2 million, and the consolidated loss for the period was - EUR 1.2 million. This makes the first quarter of the financial year 2008 seem weaker than it actually is. In the first quarter of 2007 some unusually large invoices went out for software licences, which has not yet been the case this year. This is nothing unusual for IVU, but is characteristic of the seasonal nature of its financial year.
The figures also reflect in part the project business which is typical for a software house like IVU. This does not generate the same steady revenue flow that can be achieved with the sale of mass products. With large projects there are revenue peaks, and between these there are dips, in particular when the business involves invoicing for licences. In contrast, maintenance contributes steadily to the revenue, and so does the on-going work on the pro-jects, in accordance with the degree of completion. If the project involves more work than anticipated this too can lead to a temporary reduction in revenue. In large and complex IT-projects it is not always possible to avoid this. Nevertheless it is to be expected that once again 2008 will be a good year for business.
The order situation is good. In the middle of the second quarter, performances and the outstanding orders already cover some 80% of the planned revenue and gross profit for 2008. The goals of the company for 2008 remain revenue of some EUR 30 million, and an EBIT of about EUR 2 million.
You can access the full report from 7.30 p.m. at www.ivu.de.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Renate Bader
Leiterin Unternehmenskommunikation
Telefon: +49(0)30 859 06 800
E-Mail: rba@ivu.de
Branche: Computing & Information Technology
ISIN: DE0007448508
WKN: 744850
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade
Original content of: IVU Traffic Technologies AG, transmitted by news aktuell