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Cijfers eerste negen maanden van 2009 bekend

Den Haag, 6 november 2009 ― IDS Scheer AG heeft in de eerste negen maanden van 2009 een omzet geboekt van 259,4 miljoen euro. Dat is 11,8 procent minder dan in 2008, toen de omzet in dezelfde periode uitkwam op 294,1 miljoen euro. De ontwikkeling van de omzet wordt in 2009 gedomineerd door moeilijke marktomstandigheden en de herstructureringsmaatregelen die een jaar geleden zijn geïntroduceerd.

Deze maatregelen leidden tot strikte kostenbeheersing. Daardoor steeg de operationele winst (EBITA) met 42 procent naar 23,1 miljoen euro (in 2008: 16,3 miljoen euro). De EBITA-marge steeg van 5,5 procent in 2008 naar 8,9 procent in 2009.

Het volledige Engelstalige persbericht over de financiële resultaten vindt u hieronder.

 

Nine months financial statement 2009 (unaudited)

IDS Scheer increases EBITA margin to 8.9% on revenue of
€ 259.4 million

Saarbruecken, 5 November 2009 – In the first nine months of 2009, IDS Scheer AG generated revenues of € 259.4 million as against € 294.1 million in the same period of the previous year. This corresponds to a decline of 11.8%; changes in exchange rates had no significant effect on the total revenue. The development in revenue in fiscal 2009 is dominated by the difficult general market environment as well as the restructuring measures introduced a year ago.

The resulting strict cost management led to an increase in operating earnings before interest, taxes and amortization (EBITA) of 42% to € 23.1 million (previous year: € 16.3 million). The EBITA margin was raised to 8.9% after 5.5% in the same period of the previous year. Operating earnings before interest and taxes (EBIT) climbed from € 14.7 million in the previous year to € 21.8 million, equivalent to a 48% growth rate. The EBIT margin was raised to 8.4% compared to 5.0% in the previous year. In the same period, consolidated net profit increased by only 7% to € 10.7 million; this is primarily due to the assessment of the utility of tax loss carry-forwards. Earnings per share (EPS, basic) increased from € 0.29 in the same period of the previous year to € 0.34.

In the first nine months of 2009, revenue from ARIS licenses amounted to € 26.7 million (previous year: € 32.9 million). ARIS maintenance revenue increased by 13% to € 21.9 million. A gross profit margin of 96% was generated in products business, consisting of ARIS licenses and ARIS maintenance. Revenue from third-party licenses and maintenance was € 17.7 million after € 19.3 million in the same period of the previous year. This area reported a gross profit margin of 32%. Business volume in the consulting/services area declined to € 193.1 million (previous year: € 222.3 million), with the gross profit margin for this area at 20%. The order backlog in consulting/services amounted to € 92 million (previous year: € 106 million).

As of 30 September 2009, IDS Scheer AG had 2,697 employees worldwide as against the 3,031 as of the previous year’s reporting day. This 11% decrease was a result of the consolidation measures that were part of the company’s global reorganization and restructuring. 61% of employees work in the DACH region (previous year: 56%), 26% in the EMEA region (previous year: 28%), 7% in the Americas region (previous year: 9%) and 6% in the Asia-Pacific region (previous year: 7%).

Further key data

In the first nine months of 2009, spending for research and development relating to the further development of the ARIS Platform was increased by 2% to € 11.1 million (previous year: € 10.9 million). Thus, research and development expenses increased to a 4.3% share of total revenue in the nine-month period (previous year: 3.7%).

Thanks to the internal reorganization and strict cost management, IDS Scheer AG’s structures were designed more efficiently and cost synergies were reaped with the result that significant earnings improvements were achieved in spite of lower sales. The cost of sales in the first nine months was reduced to € 168.2 million (previous year: € 194.7 million). The gross margin therefore improved to 35.1% (previous year: 33.8%). Sales and marketing costs were reduced by 14% to € 45.4 million. The synergies generated by merging the sales units led to significant efficiency improvements, enabling the company to lower the share of sales and marketing costs to 17.5% of revenue (previous year: 17.9%). General administration costs declined from € 20.9 million to € 15.8 million, which led to a reduced share of sales of 6.1% (previous year: 7.1%). The efficient processes created as part of the reorientation and the merger of internal functions to shared services had a significant positive impact.

Cash flow from operating activities for the first nine months amounted to € 17.0 million versus
€ 8.1 million in the previous year. Precisely in times of general economic crisis, IDS Scheer is increasingly focusing on improving working capital. Free cash flow rose to € 15.6 million, thus more than tripling as against the previous year (€ 5.0 million). Cash and cash equivalents rose by € 7.9 million in the first nine months to € 121.1 million as of 30 September 2009 compared to € 113.2 million as of the end of 2008 (30 September 2008: € 102.4 million).

Takeover offer by Software AG

IDS Scheer AG was informed on 13 July 2009 by SAG Beteiligungs GmbH, a wholly owned subsidiary of Software AG based in Darmstadt, of its decision to make a voluntary public takeover offer for all shares of IDS Scheer AG in accordance with Sections 29 et seq. of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs-und Übernahmegesetz; WpÜG). On 23 October 2009, Software AG announced that at this date it held 90.002% of IDS Scheer AG shares via its wholly owned subsidiary SAG Beteiligungs GmbH. For further details of the takeover, please refer to SAG Beteiligungs GmbH’s offer documents, the joint statement by the Executive Board and the Supervisory Board of IDS Scheer AG, and further information on the websites of the two companies at www.ids-scheer.com and www.softwareag.com.

The aim of the takeover of IDS Scheer AG by Software AG is to create a global manufacturer of infrastructure software and Business Process Management with more than 6,000 employees and revenue of over € 1 billion (on the basis of figures for fiscal 2008).

Outlook

“The Executive Board of IDS Scheer AG considers the company to be well positioned in the global market for Business Process Management. Our cost reduction measures implemented as part of the restructuring of the global organization have taken effect and will continue to have a positive impact on earnings. We are convinced that the future success of our company will also be determined by the rigorous continuation of restructuring measures and the innovation campaign which we have launched,” explains Peter Gérard, CEO and President of IDS Scheer AG. “After considerable investment restraints were still observed among customers in the third quarter, we now expect that the situation is bottoming out. However, we see differing signals regarding the economic improvement on the international markets.”

At the end of the third quarter, the Executive Board of IDS Scheer AG concretizes the outlook for 2009 as a whole. Due to the continued difficult market environment, revenue is now expected at a level of approximately € 350 million. When the results for the first six months were presented, the Executive Board anticipated that revenue would be towards the lower end of the published forecast corridor (€ 370 million to € 390 million). Thanks to the positive effects of the cost reduction measures, the Executive Board now expects to generate an EBITA margin of more than 8%, thus exceeding the forecast earnings range of 7% to 8% in the year as a whole.

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Information and invitation for journalists and analysts:

The complete interim report for the first nine months of 2009 is published online at www.ids-scheer.com/Interim_Reports

 

Susanne Paul / Ingrid Britz-Averkamp           Irmhild Plaetrich

Investor Relations, Financial Press               Public Relations

Tel.: + 49 (0) 681 / 210 3201                         Tel.: + 49 (0) 681 / 210 3680

Fax: + 49 (0) 681 / 210 1231                         Fax: + 49 (0) 681 / 210 1231

E-Mail: susanne.paul@ids-scheer.com         E-Mail: irmhild.plaetrich@ids-scheer.com

 

Over IDS Scheer 

IDS Scheer is marktleider op het gebied van Business Process Management (BPM). Het bedrijf biedt software, oplossingen en diensten voor bedrijven en overheidsinstellingen wereldwijd. Met het ARIS Platform voor Process Excellence biedt IDS Scheer een geïntegreerd en compleet portfolio voor strategie, ontwerp, implementatie en controle van bedrijfsprocessen. Dankzij de geïntegreerde aanpak van ARIS Value Engineering (AVE) kan IDS Scheer bedrijfsstrategieën, bedrijfsprocessen, IT-oplossingen en de controle van processen met elkaar verbinden. Ongeveer drieduizend medewerkers in ruim zeventig landen ondersteunen de 7.500 klanten van het bedrijf. In 2008 realiseerde IDS Scheer een omzet van ruim 399 miljoen euro. IDS Scheer is in 1984 opgericht door professor August-Wilhelm Scheer. Het bedrijf is genoteerd aan de TecDAX van de Frankfurt Stock Exchange (Duitsland) en heeft dochterbedrijven in 28 landen. Voor meer informatie: www.ids-scheer.com.

In Nederland werkt IDS Scheer o.a. voor de Hogeschool van Amsterdam, de Universiteit van Amsterdam, de Universiteit Maastricht, de Haagse Hogeschool en de Radboud Universiteit in Nijmegen, KLM, GTI, ABN AMRO, Rodamco Europe, TNT, Océ, ministerie van Defensie, ministerie van Verkeer en Waterstaat, het Centraal Justitieel Incasso Bureau, het Kadaster, de Luchtverkeersleiding Nederland, de ICTRO (ICT Rechterlijke Organisatie) en het shared service center P-Direct.

Voor meer informatie:

IDS Scheer Nederland BV
Nynke Barenholz
Telefoon: +31 (0)70 – 301 2040
E-mail: nynke.barenholz@ids-scheer.com

Lammers van Toorenburg Benelux PR
Annemieke van Baal / Marije Perdon
Telefoon: +31 (0)30 – 656 5070
E-mail: idsscheer@lvtpr.nl

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Disclaimer

 

Certain of the statements contained herein may be statements of future expectations and other forward looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties which could cause actual results, performance or events to differ materially from those expressed or implied in such statements. The statements are not intended as a recommendation for any kind of financial investment or de-investment in the company. IDS Scheer can not guarantee the completeness or accuracy of the information. In addition to statements which are forward-looking by reason of context, the words “may, will, should, expects, plans, intends, anticipates, believes, estimates, predicts, potential, or continue” and similar expressions identify forward- looking statements. Actual results, performance or events may differ, materially from those in such statements.


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