ots Ad hoc-Service: caatoosee AG <DE0006178353> caatoosee Group increases turnover by 397 % during the first 9 months
Stuttgart, (ots Ad hoc-Service) -
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In the third quarter of the current fiscal year the caatoosee Group continued its national and international expansion. Proving its growth dynamic the sales climbed 130 % to DM 14.2 million as compared to the previous quarter. During the first nine months the turnover was boosted by 397 % to DM 24.9 million (previous nine months at DM 5.0 million).
caatoosee recorded an EBITDA of DM -3.3 million for the period under review (99/00: DM -0.2 million). In consideration of the depreciations totaling DM 4.1 million including goodwill amortization of DM 2.9 million the EBIT amounted to DM -7.4 million (99/00: DM -0.4 million). Earnings before taxes (EBT) developed according to plan and amounted to DM -5.4 million for the reporting period (previous nine months at DM -0.4 million).
The earnings situations was defined by the expenditures for research and development totaling DM 4.0 million and the persistently strong growth requiring investments, caatoosee focused on the accelerated expansion of the workforce in production and development.
During the past months the caatoosee Group grew its capacities in business data integration in order to establish flawless links between companies and network platforms. By acquiring the Tectum GmbH (Leinfelden, Germany) and the DMS AG (Basel, Switzerland) the group is following the course to strengthen its service portfolio in the implementation of ERP-, data intelligence- and infrastructure solutions. In order to expedite the integration of the newly acquired companies and to position them in the market with a comprehensive solution portfolio, caatoosee is bundling all ERP-related group activities - focused on the optimization of processes and data flows - in the redtoo ag.
From the present perspective, the company expects to further advance the positive development in turnover and to meet the sales and earnings targets set for the current business year. The successful corporate structuring and the strong international growth support the positive outlook. By lately acquiring a majority stake in the leading Indonesian software group PT Sigma Cipta Caraka caatoosee ag underlined its solid base for future expansion on the Asian market.
More information:
caatoosee ag caatoosee ag Morgen / Walke / Scior Martin Wenk Iris Schäfer Dr. Lutz Golsch Panoramastrasse 11 Panoramastrasse 11 Lurgiallee 5 70174 Stuttgart 70174 Stuttgart 60439 Frankfurt am Main Germany Germany Germany ph +49(0)711/2 22 88-240 ph +49(0)711/2 22 88-225 ph +49(O)69/9 51 54-134 fx +49(0)711/2 22 88-100 fx +49(0)711/2 22 88-200 fx +49(0)69/9 51 54-201 martin.wenk@caatoosee.com iris.schaefer@caatoosee.com l.golsch@morgen-walke.de www.caatoosee.com www.morgen-walke.de
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Original content of: caatoosee ag i.L., transmitted by news aktuell