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caatoosee ag i.L.

ots Ad hoc-Service: caatoosee AG <DE0006178353> caatoosee Group increases turnover by 397 % during the first 9 months

Stuttgart, (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
In the third quarter of the current fiscal year the caatoosee
Group continued its national and international expansion. Proving its
growth dynamic the sales climbed 130 % to DM 14.2 million as compared
to the previous quarter. During the first nine months the turnover
was boosted by 397 % to DM 24.9 million (previous nine months at DM
5.0 million).
caatoosee recorded an EBITDA of DM -3.3 million for the period
under review (99/00: DM -0.2 million). In consideration of the
depreciations totaling DM 4.1 million including goodwill amortization
of DM 2.9 million the EBIT amounted to DM -7.4 million (99/00: DM
-0.4 million). Earnings before taxes (EBT) developed according to
plan and amounted to DM -5.4 million for the reporting period
(previous nine months at DM -0.4 million).
The earnings situations was defined by the expenditures for
research and development totaling DM 4.0 million and the persistently
strong growth requiring investments, caatoosee focused on the
accelerated expansion of the workforce in production and development.
During the past months the caatoosee Group grew its capacities in
business data integration in order to establish flawless links
between companies and network platforms. By acquiring the Tectum GmbH
(Leinfelden, Germany) and the DMS AG (Basel, Switzerland) the group
is following the course to strengthen its service portfolio in the
implementation of ERP-, data intelligence- and infrastructure
solutions. In order to expedite the integration of the newly acquired
companies and to position them in the market with a comprehensive
solution portfolio, caatoosee is bundling all ERP-related group
activities - focused on the optimization of processes and data flows
- in the redtoo ag.
From the present perspective, the company expects to further
advance the positive development in turnover and to meet the sales
and earnings targets set for the current business year. The
successful corporate structuring and the strong international growth
support the positive outlook. By lately acquiring a majority stake in
the leading Indonesian software group PT Sigma Cipta Caraka caatoosee
ag underlined its solid base for future expansion on the Asian
More information:
caatoosee ag caatoosee ag Morgen / Walke / Scior Martin Wenk Iris
Schäfer Dr. Lutz Golsch Panoramastrasse 11 Panoramastrasse 11
Lurgiallee 5 70174 Stuttgart 70174 Stuttgart 60439 Frankfurt am Main
Germany Germany Germany ph +49(0)711/2 22 88-240 ph +49(0)711/2 22
88-225 ph +49(O)69/9 51 54-134 fx +49(0)711/2 22 88-100 fx
+49(0)711/2 22 88-200 fx +49(0)69/9 51 54-201
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