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ots Ad hoc-Service: DataDesign AG <DE0005527105> DataDesign's Quarterly Performance Confirms Turnaround

Munich (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
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

End
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Original-Content von: DataDesign AG, übermittelt durch news aktuell

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