CPU Softwarehouse AG

ots Ad hoc-Service: CPU Softwarehouse AG CPU Softwarehouse AG Annual General Meeting

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    Augsburg (ots Ad hoc-Service) -      

    The new CPU Softwarehouse AG Executive Board announces the operating results for the 1st half-year and the target figures for the 2nd half-year 2000, as part of the corporate appraisal and re-alignment.

    The corporate group achieved consolidated turnover of 9.7 million DM for the first six months of the current business year. As a result of the growth strategy, personnel costs rose by around 40%. Furthermore, goodwill amortisation (AFA Goodwill) came into effect to the sum of 6.67 million DM, leading to a negative result of -21.775 million DM. Although this strong increase in operating costs was in conformity with the growth strategy followed, it will not be accepted by the new Executive Board, in view of current turnover trend.

    The Executive Board expects a growth in turnover to 20.1 mill. DM in the 2nd half-year 2000. The currently implemented consolidation process will show initial success and will. for the meantime, stop the negative trend displayed in the 1st half-year.

    Initial restructuring measures have already been initiated as part of the corporate appraisal introduced by the new Executive Board.

    A stringent cost management programme will be implemented with the aim of drastically reducing operating expenses, including personnel costs.

    The Executive Board expects an operating result of minus 38.1 million DM.

    The expansion of strategic business fields, the new and further development of products and services and lasting marketing and sales efforts will continue to steer the company back onto the path to success. In the medium term, the targeted turnover growth of 25-30 percent will enable the company to achieve profitability in line with the market.

    For investors and analysts: Andreas Empl Investor Relations Manager Tel: + 49 / 821 / 46 02-165 e-mail: a.empl@cpu-ag.com

    For the press: Jürgen Rönsch PR Manager Tel: + 49 / 821 / 46 02-173 e-mail: j.roensch@cpu-ag.com

    Further information can be found under: www.cpu-ag.com

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Original-Content von: CPU Softwarehouse AG, übermittelt durch news aktuell

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