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14 percent revenue increase in first quarter 2008
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ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
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Frankfurt am Main (euro adhoc) - LHS, a leading provider of telecom
billing and customer care systems across the wireless, wireline, and
IP telecom markets worldwide, today announces its results for the
first quarter 2008 (for the period ended March 31, 2008). Prepared in
accordance with International Financial Re-porting Standards (IFRS),
the audited results included the following key figures for the first
quarter 2008:
- Revenue increased from EUR 21.7 million in Q1, 2007 to EUR 24.8
million in Q1, 2008. This is a 14 percent in-crease year-on-year.
- At EUR 4.1 million, the adjusted EBITDA is slightly above that of
Q1, 2007.
- The net profit for the period under review was EUR 3.2 million
compared to EUR 3.7 million in Q1, 2007.
- The basic earnings per share (undiluted and diluted) were EUR 0.22
Euro for the first quarter 2008 compared to EUR 0.26 Euro in Q1,
2007.
Continued growth in Europe, America and the Asian-Pacific region
In Europe, LHS achieved total revenue of EUR 11.2 million in the
first quarter of 2008. This is an increase of 57 percent
year-on-year. Thus, 45 percent of the total revenue was achieved on
the European market. In Latin America the company achieved a growth
rate of 29 percent. With a total revenue of EUR 6.2 million, Latin
America generated 25 percent of total LHS revenues.
In the Asia-Pacific region (APAC), LHS increased its reve-nue by 138
percent from EUR 0.7 million to EUR 1.8 million, while revenue in the
Middle East and Africa (MEA) dropped from EUR 9.0 million to EUR 5.6
million, since the figures for the same quarter of the previous year
included an over proportionally high licensing share stemming from a
new project. In the first quarter 2008, 30 percent of corpo-rate
revenues were generated in the MEA/APAC region.
Operational highlights Overall, the first quarter of 2008 was
successful for LHS. The key operational highlights include:
- A total of four new projects were signed. Three of these were new
customers for the BSCS iX Release 2 solution from the Middle East and
Africa region (MEA). One European customer upgraded to BSCS iX. The
total number of BSCS iX installations is now 37.
- A total of 98.5 million postpaid wireless customers were billed
with a BSCS solution. LHS thus holds a share of 21.5 percent in its
target market.
- The company has created 32 new jobs during the first quarter of
2008, including 13 in Frankfurt/Main (Germany), 9 in Sao Paolo
(Brazil), 8 in Kuala Lumpur (Malaysia), 1 in Istanbul (Turkey) and 1
in Athens (Greece). As of March 31, 2008 the total number of LHS
employees was 703.
Wolfgang Kroh, Chief Executive Officer at LHS commented on the
quarterly results by saying: "We continue to see a commitment in the
market to migrate older systems to the latest BSCS iX version. This
is the result of our long-standing partnerships with our customers.
The BSCS iX versions help them to launch content offerings while
managing multiple-play and prepostpaid convergence. Now almost
one-third of customers use an iX version."
Positive Outlook LHS expects continued positive developments in 2008.
"We are confident that we will achieve overall revenue growth of
approximately 15 percent in fiscal 2008 and to further increase our
profitability compared to 2007," added Wolfgang Kroh. For the second
quarter of 2008, the com-pany is targeting revenues of around EUR 27
million.
The entire quarterly report is available as of today on our website:
http://www.lhsgroup.com/ir-en
3.565 characters at an average of 55 characters per line
About LHS LHS is a leading provider of telecom billing and customer
care systems across the wireless, wireline, and IP telecom markets
worldwide. LHS Business Support Systems offer full convergence on
various levels, supporting the complete range of business models both
across the mix of fixed and mobile services, as well as prepaid and
postpaid services. LHS builds innovative systems that enable our
customers to introduce new services fast, helping drive revenues up,
while keeping operational costs to a minimum. LHS was awarded "Best
Billing or Customer Care Solution" by the GSM Association in Cannes
in 2005, won the IIR World Billing Awards for its "Overall Best
Contribution to Billing" in London in 2005 and 2006 as well as the
"Stratecast Global Investment of R&D Resources to Address Core
Billing Needs Award" by Frost & Sullivan in 2007. LHS is an
independent software vendor (ISV) with headquarters in Germany, and
offices in Brazil, Czech Republic, France, Malaysia, Turkey, and
United Arab Emirates. LHS is part of the LHS Group, and LHS
Aktiengesellschaft as the Group´s Holding company is a public company
listed on the Frankfurter Stock Exchange (LHS400).
For more information, please visit www.lhsgroup.com
end of announcement euro adhoc
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ots Originaltext: LHS Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note:
LHS
Arnaud Lassalle
Vice President Marketing & Communications
Herriotstrasse 1
60528 Frankfurt am Main
Phone: +49 (0)69-2383 3000
Fax: +49 (0)69-2383 5710
E-Mail: enquiries@lhsgroup.com
Commercial Register: Amtsgericht Frankfurt/Main - Registration Number HRA 42727
Personally Liable Partner: LHS Management GmbH - Registration Number HRB 77913
Amtsgericht Frankfurt/Main
Management Board: Wolfgang Kroh, Axel Barta, Dr. Jens Troetscher
Fink & Fuchs Public Relations AG
Stefanie Wegner
Senior Consultant
Berliner Strasse 164
65205 Wiesbaden
Telephone: +49 (0)611-74 131-66
Fax: +49 (0)611-74 131-22
E-Mail: stefanie.wegner@ffpr.de
www.ffpress.net
Branche: Software
ISIN: DE000LHS4000
WKN: LHS400
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade
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