Ad hoc announcement transmitted by DGAP. The issuer has the sole responsibility of this announcement. --------------------------------------------------
Losses due to Internationalisation and valuation adjustments market leadership considerably extended
Internationalisation Huefingen, 29/03/2001. For the financial year 2000, the baeurer group shows a negative EBITDA of minus 2,8 (+1,1) Mio Euro. This reflects the costs of the high turnover growth of 72 per cent onto 83,3 (48,4) Mio Euro, especially the investments into the internationalisation internationalisation of the baeurer group. Above all, depreciations on goodwills of companies purchased resulted in this negative EBIT of 11,1 (-1,6) Mio Euro. In total, the baeurer group closed the financial year 2000 with an annual net loss of 12,6 (-6,8) Mio Euro.
High investments into the extension of the marketleadership among the IT solutions providers for medium-sized companies ensured the turnover targets being, but left traces both on the cost and result side. At the same time, for reasons of prudency, the baeurer group made valuation adjustments above all in the fields of New Business/eBusiness. The cost side was especially effected by important development costs, among others for software localisation in the most important foreign markets as well as by migration packages for software solutions taken on and costs for training.
For the year 2001, baeurer constantly plans a considerable turnover growth of roughly 30 per cent onto 105 Mio Euro at a visibly positive EBIT. The growing business field eBusiness together with the important standing legs Supply Chain Management (SCM), Customer Relationship Management (CRM), Shop Systems and marketplaces shall be extended further. At the moment, the order value is at 15 Mio Euro. Only at the CeBIT fair during the past seven days, a further order value of 1,3 Mio Euro has been fixed.
The baeurer AG is publishing further details in a press conference at 10 am in Stuttgart (Hotel Graf Zeppelin) and at 6 pm during an analyst conference in Frankfurt (Hotel Hilton).
end of ad hoc announcement, (c) DGAP 29.03.2001 -------------------------------------------------- WKN:
553070; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
291446 Mär 01