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ots Ad hoc-Service: Easy Software AG
EASY SOFTWARE exceeds revenue targets for 1999 Provisional yearly surplus (DVFA/SG) growth of over 60 percent
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Muelheim/Ruhr (ots Ad hoc-Service) - EASY SOFTWARE AG, listed on the Neuer Markt of the Frankfurt stock exchange since April 1999, finished the last business year with record results. The provisional revenue (unaudited) for 1999 exceeds DEM 50m. The estimated figures, which were only upwardly revised in September, amounted to DEM 46.5m, after originally counting on a revenue of DEM 40m at the time of the company floatation. In comparison to 1998, this means a revenue increase of more than 60 % has been achieved.
The provisional DVFA/SG yield per share for 1999 is moving to the forecasted level, thus lying probably over 60% higher than the previous year (1998: Euro 0.28). The world market leader in fulltext based electronic archiving and internationally renowned provider of Document Management Systems (DMS) has thus confirmed the announced yearly surplus. This was achieved in front of a background of investments in 1999 for international expansion, especially in the business expansion in the lucrative US market through its own American subsidiary, which concentrates mainly on sales to the SAP R/3 customer base.
The marked growth in results was possible, in spite of the year 2000 investment blockage, due to the over-proportional growth of the more profitable business with software licenses and services and due to the number of contracts closed with new domestic and foreign customers, especially in the SAP R/3 market.
The new group companies, acquired in 1999, ScanOptic and Solsys, as well as the DMS business unit taken over from SHD Datentechnik also reached or exceeded their set targets.
The prerequisites for the success, in the opinion of the company management, are, in addition to the indirect sales with a revenue share of over 75%, the strategic direction and concentration on the core business of archiving and document management. These technologies are absolute prerequisites for the successful knowledge management of every company.
The company is also well equipped for the year 2000. Despite great shortages in the labor market, the company has managed to increase the number of employees from 113 (as of 1/1/99) to 240 (as of 1/1/00), among them some noted new arrivals from the direct competition, such as the new Executive Board member Bernd Brückner, who was the last manager of FileNETs German subsidiary.
With a view to strengthening its national and international market position, EASY SOFTWARE AG plans further acquisitions and participation in Europe and the USA. Talks are taking place at the moment with several potential candidates. Moreover, several foreign companies will be founded in the next few weeks.
The Board of Directors
EASY SOFTWARE AG, Investor Relations Eppinghofer Straße 50 D-45468 Muelheim Tel. ++49(0)208-45016-140, Fax: ++49(0)208-45016-90, E-mail: email@example.com
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