In Q3/2007 update software AG (FWB:UP2), a leading European CRM
software provider and listed on the Frankfurt Stock Exchange, achieved
the best third-quarter result ever recorded in the company's history.
Compared with the corresponding quarter one year before, update posted
a growth in revenues of 47.6 percent, from EUR 5.379 million to 7.936
million. In the same period, EBIT climbed by 35 percent, to EUR 0.740
million in Q3/2007. Licensing sales, which are particularly important
for a software manufacturer, surged by 43.5 percent to make a
substantial contribution to the outstanding figures. Although the
third quarter is traditionally one of the weakest times of the year
for the software industry, update's strategy of consistently focussing
on specific sectors enabled the company to hold its ground once again.
This time, the renowned new clients the CRM vendor was able to win in
the third quarter are, not least, from the media industry and include
Mediaprint in Austria, Gruner + Jahr in Poland and the
Oberosterreichische Rundschau newspaper (in Austria), which belongs to
Moser Holding.
"Given that we have marvellous quarterly figures yet again, we are
confident of achieving the growth targets we've set ourselves for
2007," said update CFO Monika Fiala to comment on the Q3 result. "The
integration of Orgaplan Software GmbH - a leading CRM specialist for
banks and savings banks in Germany - which we took over in April 2007
is running according to plan. Against this background, our medium-term
growth targets are by all means realistic. We believe we can generate
revenues of EUR 50 million in 2009."
In the first three quarters of 2007, update posted aggregate
revenues of EUR 22.074 million, which is equivalent to a rise of 36.2
percent versus the first three quarters of the previous year. On
aggregate, over the same period update generated EBIT of EUR 2.166
million. Compared with the EUR 1.353 million in the corresponding
period one year earlier, this means an increase of 60.1 percent. The
cumulative EBT for the first three quarters of 2007 amounts to EUR
2.374 million, which is 67 percent up on the corresponding period in
2006. As at 30 September 2007, the cash position totalled EUR 10.758
million. This is equivalent to an increase of 30.2 percent versus the
figure as at the end of Q3/2006 of EUR 8.262 million. The
shareholders' capital of update software AG totalled EUR 22.811
million as at 30 September 2007 EUR, compared with EUR 13.953 million
as at 30 September 2006 - a leap by 63.5 percent.
About update software AG
update software AG (www.update.com) was founded in Vienna,
Austria, in 1988. With more than 260 employees, and revenues of EUR
23.4 million in 2006, it is Europe's leading CRM (customer
relationship management) solution provider. It is quoted on the
Frankfurt Stock Exchange. update products are used by more than
150,000 employees at over 1,200 leading companies. References include
3M, American Express Bank und Finanzmanagement, BILD newspaper
publishing group's advertising department, AstraZeneca, BAWAG P.S.K.,
Canon, DuPont, ESTAG, the Hassia Group, UnicreditBank Hungary,
Landesbank Rheinland-Pfalz International S.A., LBS Nord, MagnaSteyr,
Pernod Ricard, ratiopharm, Sony Deutschland, as well as Sparkasse
Bremen, Sparkasse Hamburg, and 200 other German Sparkassen (savings
banks). update cooperates with carefully selected systems integration
partners, such as Atos Origin, Hewlett Packard, Sensix, and Steria
Mummert Consulting.
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