ots Ad hoc-Service: Easy Software AG <DE0005634000> EASY SOFTWARE exceeds 1999 target figures: Group sales and gross profit increased by 68 percent
Muelheim/Ruhr (ots Ad hoc-Service) -
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EASY Software AG, listed in the German Neuer Markt stock market segment since April of last year, has presented its final figures for the 1999 business year. They confirm the preliminary results, published in early January, according to which the target figures that had been revised upwards in September were again surpassed.
According to these figures, the EASY group sales increased to DM 50.32 million, exceeding last year's result by 67.8 percent. The sales revenue for the joint-stock company grew to DM 43.6 million (DM 30 million in 1998).
The software licensing business constituted the mainstay of the sales; with a 70.8 % increase compared to the previous year, it now amounts to 66 % of the total sales figures (56 % in 1998).
Through the strong gains in the profitable software licensing and service business, the gross profit of the group increased by 67.9 percent to DM 44.6 million.
The DVFA/SG result improved by 72 percent; the net earnings per share increased to DM 0.92, or Euro 0.47 (DM 0.53, or Euro 0.27, in 1998). The disposable profit will be carried forward to a new account.
In the course of the 1999 business year, the internationally renowned supplier of document management systems (DMS) was able to increase the number of its customers by more than 40 percent. By the end of 1999, EASY Software products were installed in more than 4,500 companies with primarily medium-sized or large PC networks. EASY installations in connection with the standard business software SAP R/3 showed an especially satisfying development. In this sector, the number of users doubled during the past year.
In 1999, besides EASY Software AG, the consolidation scope of the EASY corporation included the companies ScanOptic and SOLSYS that were acquired during the year under report.
One big step towards expanding international activities was the foundation of a British subsidiary with headquarters in London and a first branch office in Manchester at the beginning of the year 2000. Apart from the US subsidiary in Philadelphia that was founded in 1999 and the local office in France, EASY is thus also directly represented in Europe's second largest IT market.
To consolidate EASY's domestic and international market positions, more acquisitions and participations are planned for this year in both Europe and the USA.
The company's board of directors will provide detailed information concerning the increase of the planned figures as well as their product and international market strategies in the areas of knowledge management, e-business, Internet and mobile document management on April 4th in the course of news and analyst conferences in Frankfurt/Main, Germany.
The Board of Directors
EASY SOFTWARE Group, Muelheim / Ruhr Company data at a glance (in DM k)
12/31/99 % of sales 12/31/98 Change
revenue in%Sales revenue 50,323 00.0 29,989 67.8
Total output (IAS) 54,892 09.1 33,296 64.9
Gross profit 44,621 88.7 26,570 67.9
Earnings from ordinary operations (IAS-EBET) 8,318 16.5 6,044 37.6
Net income for the year (IAS) DVFA/SG 4,725 9.4 2,740 72.4
Earnings per share
(IAS) DVFA/SG in DM 0.92 - 0.53 72.4
Euro (0.47) - (0.27)Personnel expenses 18,402 36.6 10,862 69.4
Number of employees at the end of the year 215 - 118 82.2
Number of employees at the end of the year 215 - 118 82.2
EASY SOFTWARE in the Internet: http://www.easy.de
EASY SOFTWARE AG Joerg Michael Plaesker Business Communications / IR Eppinghofer Straße 50 D - 45468 Muelheim / Ruhr Tel. ++49(0)208-45016-140, Fax: ++49(0)208-45016-108, E-mail: information@easy.de
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