SinnerSchrader AG

ots Ad hoc-Service: SinnerSchrader AG SinnerSchrader Increases Revenues Significantly and Continues to be in the Black

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    Hamburg (ots Ad hoc-Service) -    

    SinnerSchrader attained pro forma sales revenues totalling DM 11.2 million in the 1st quarter of the current fiscal year 2000/2001 (September to November 2000). Compared to the same period last year, this means a plus of 79%. Operating results were a solid 10,5% higher, at DM 1.6 million. With an operating margin of more than 14% in the reporting period, the company has proven its sustained profitability. Thus, SinnerSchrader strengthened its excellent position as one of the leading e-commerce developers, despite the negative market environment.

    The pro forma figures take into account the takeover of Netmatic. The earnings of the software specialist for the reporting period are already attributable to SinnerSchrader, even though it will only be consolidated as from 1 January 2001.

    Irrespective of Netmatic, SinnerSchrader achieved revenues of DM 8.5 million - a plus of 35% to the previous figure. At the same time, operating results declined by approx. 30%, as was expected, to a total of DM 1 million. Despite this decline in profits, the operative margin remained at a healthy 12%.Project business was especially successful. Revenues from consulting and the implementation of e-commerce applications rose 65% to DM 6.0 million. The market share of Old Economy clients increased significantly compared to the same quarter last year. Nine out of ten clients now stem from traditional industries - most prominently from finance, commerce and telecommunications - and provide a high level of continuity and payment security.

    Project services have developed so fruitfully, above all thanks to SinnerSchrader's new software strategy, "Unified Commerce". This technology makes it possible to connect several digital distribution channels to one technological platform. This way, companies can extend their online business to distribution channels like Digital TV, mobile telephones or stationary terminals. Large companies, with complex distribution networks, will especially benefit from "Unified Commerce".

    Liquid funds amounted to DM 57 million at the end of the 1st quarter, and thus continue to remain above the net proceeds resulting from the company's flotation on 2 November 1999. The drop in liquid funds during the reporting period resulted to a large extent from tax payments totalling DM 2.8 million.

    More informations and report: SinnerSchrader Aktiengesellschaft Investor Relations Julia Kretschmann Planckstrasse 13 22765 Hamburg Tel.: 040-39 88 55-89 Fax.: 040-39 88 55-55

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