Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
Dortmund (ots Ad hoc-Service) -
PRO DV Software AG (SCN 696 780), a market leader in the area of
spatial resource management, continues to record substantial
increases for the last three quarters. Total operating performance
rose by 22.1 % to Euro 14.1 million (previous year; 11.7 million).
Product development has been considerably extended during the Third
Quarter. On the balance sheet, product development - compared with
external customer orders - realises a lower contribution margin. PRO
DV knowingly accepted this decrease in total operating of approx.
Euro 1 million, in order to accelerate time-to-market of our new
products - WinKKS and ForestNetService. Due to the higher rate of new
orders amounting to more than Euro 17 million, our capacity is, and
will remain to be, fully utilized.
Owing to our carefully considered investment in our own future,
the EBIT before cost of issue slightly decreased to Euro -0.13
million (previous year: 0.77). The adjusted net earnings per share
amount to Euro 0.06. One of the major reasons for this development
are increased staffing costs, because we took on 35 employees more
than originally intended. In Germany, qualified IT personnel is
highly sought after, which is why we decided to invest now. All in
all the staffing and recruiting costs were approx. Euro 0.4 million
higher than expected. Furthermore, we had non-recurrent costs for M&A
consulting and additional advertising efforts amounting to approx.
Euro 0.33 million.
For the year 2000, PRO DV expects a steady before cost of
issue-result with a total operating performance of approx. Euro 19
million. The higher capacity resulting from our additional staff and
the introduction of new products (scheduled for new year) will
positively influence our operating performance as soon as in the
financial year 2001. The conclusion is that our objectives targeted
for 2001 and 2002 will be fully achieved.
In order to further extend our already growing GEO business
division, PRO DV purchased an 80 % share in the Berlin-based concept
software GmbH. concept software GmbH counts more than 30 employees
and is located in Berlin as well as Frankfurt, concept develops
spatial transportation and logistics solutions for leading companies,
as for example, Deutsche Bahn, Oesterreichische Bahn and Mannesmann
Passo. The solutions developed by concept complement existing PRO DV
products in the GEO business area. In addition, PRO DV obtains a new
location in Berlin and reinforces its newly opened Frankfurt branch.
For the financial year 2000, concept expects a sales volume of Euro
2.3 million, thereby achieving a positive EBIT of Euro 0.4 million.
concept's results and net earnings are so far not included in PRO
DV's current consolidated performance.
PRO DV will balance out the greater part of the acquisition costs
by executing a lock-up agreement. The company will nominally increase
its capital stock by Euro 100,000 to Euro 4,300,000. The acquired
shares will be held under lock-up until November 1st, 2004. Both
concept managing partners will continue in their positions and will
keep their 10 % each in shares.
Klaus Bullmann (Spokesman of Managing Board) Christian
Niederhagemann (Investor Relations Manager)
PRO DV Software AG Hauert 6 44227 Dortmund Phone: +49 231 9792 341
Fax: +49 231 9792 200 Email: ir@prodv,de Web: www.prodv.de
Original-Content von: PRO DV Software AG, übermittelt durch news aktuell