ots Ad hoc-Service: DataDesign AG <DE0005527105> DataDesign's Quarterly Performance Confirms Turnaround
Munich (ots Ad hoc-Service) -
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DataDesign's Quarterly Performance Confirms Turnaround
Munich-based DataDesign AG, the premiere infrastructure provider for Internet business transaction and security solutions (German WKN 552 710; SE code DTD), today announced its preliminary figures for the first nine months of 2000 and the third quarter of 2000. Accordingly, sales revenue increased by 136% from approximately 9.5 million DM to 22.3 million DM in the first nine months of the current fiscal year. In the same period, gross profit on sales increased by 400% from 2.1 million DM to 10.7 million DM. This is equal to a gross margin of 48%, a significant improvement over the margin of just 22% for the same period of the previous year. With a third quarter operating profit of 1.5 million DM (US GAAP), the result for the first nine months came to negative 3.3 million DM, almost half of the negative 6.5 million DM that the company reported for the same period of the previous year.
The new line of business E-Contracting developed better than expected: with sales amounting to 4.5 million DM alone in the third quarter of the current fiscal year, it accounted for 40% of total turnover. Roy von der Locht, CEO of DataDesign AG, notes, "We are extremely satisfied with the developments in this year. High-margin licensing business in the field of E-Contracting will improve our earnings situation considerably in the coming years. In this year alone, we were able to improve the gross margin from 11% in the first three months to 48% in the last nine months. After coming very close to breaking even in the second quarter and enjoying our first profitable month in June, we now have for the first time since the IPO turned a quarterly profit."
Key figures at a glance (US-GAAP):
in DM '000.000 YTD 09/00 YTD 09/99 Q3/00 Q3/99
Sales revenue: 22.3 9.5 10.7 2.9
Gross profit on sales: 10.7 2.1 6.2 0.4
Operating result: -3.3 -6.5 1.5 -2.9
Result from ordinary activities: -2.9 -6.8 1.5 -2.8
Gross margin %: 48% 22% 58% 13%
The complete preliminary financial statements (US GAAP), balance heet (US GAAP) and cash flow statement (US GAAP) may be viewed at www.datadesignag.com. The complete nine month report will also be made available to the public via Internet on November 30, 2000.
Contact:
DataDesign AG Christian Rademann Manager Investor Relations
Fürstenrieder Straße 267 D-81377 München Telephone: +49 (89) 7 41 19
312 Fax: +49 (89) 7 41 19 399 E-mail: C.Rademann@datadesignag.com
http://www.datadesignag.com
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Original content of: DataDesign AG, transmitted by news aktuell