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EANS-News: Beta Systems delivers an operating profit (EBIT) in the third quarter of 2010

Geschrieben am 28-10-2010


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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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9-month report

Berlin (euro adhoc) - - Stable level of revenues and lower operating
expenses result in an EBIT of EUR 0.3 million in the third quarter of
2010

Berlin, October 28, 2010 - In the third quarter of 2010, Beta Systems
Software AG (BSS, ISIN DE0005224406) generated an EBIT of EUR 0.3
million (Q3/2009: EUR -0.2 million) and a profit of EUR 0.1 million
in the period under review (Q3/2009: EUR 0.0 million) from continued
operations. This was attributable to lower operating expenses,
including sundry income, which stood at EUR 6.5 million (Q3/2009: EUR
7.1 million). In terms of the third quarter, revenues came in at EUR
11.2 million, thus remaining at the level of the previous year.

One-off effects impact the results at the end of the first nine
months of 2010 Aggregated for the nine-month period, revenues
declined to EUR 31.9 million in the first three quarters of 2010
(Q1-Q3/2009: EUR 36.8 million). Savings on operating expenses,
including sundry income, resulted in an EBIT of EUR -1.6 million
(Q1-Q3/2009: EUR -0.5 million) and a profit for the period under
review (including the effect on income from the discontinued ECM
operations) of EUR 2.3 million (Q1-Q3/2009: EUR -0.8 million). Sundry
income includes EUR 1.4 million from the providing of services for
the ECM business line which has been sold. Moreover, the disposal
gain from the sale of the ECM business compensated for the negative
result from continued operations of EUR -1.3 million (after taxes;
Q1-Q3/2009: EUR -0.5 million) caused by seasonal fluctuations in the
first half of 2010. The financial position of the Company has
improved considerably through the repayment of bank debt in an amount
of EUR 9.7 million. This was due in the main to the receipt of part
of the purchase price from the sale of the ECM business and an
operating cash flow of EUR 5.1 million.

Management Board anticipates a year-end rally with sharp increases in
revenues and profit in Q4/2010 As before, the Management Board
anticipates revenues of around EUR 50 million from continued
operations in the fiscal year 2010 (2009: approximately EUR 52
million) and an improved EBIT margin (excluding one-off expenses for
the restructuring of the Company) in the mid-single-digit percentage
range. Furthermore, contingent on certain conditions, there may be
further purchase price components for ECM which could amount to up to
EUR 1.4 million. One-off expenses for the restructuring of the
Company have not yet been incurred. Management has earmarked an
amount of up to EUR 5.0 million for the requisite provisions in the
fourth quarter of 2010.

"We have already been awarded several larger contracts from the
financial sector in Germany and the rest of Europe in the third
quarter of 2010. A number of renowned banks and insurance companies
in countries which include Germany, Portugal and Denmark have signed
contracts with us. As a result, there has been a slight increase in
revenues from software licenses for first time in this year. These
signs of recovery are reason for us to have positive expectations of
revenues in the traditionally strong months of November and December.
Our sales pipeline is likely to boost revenues and profits
considerably in the final quarter", stated Jürgen Herbott, Chief
Executive Officer of Beta Systems Software AG.

Complete report and disclaimer The complete Nine Monthly Report 2010
will be published on November 2, 2010 at http://www.betasystems.com
under the Investor Relations/Financial Reports heading. All amounts
cited in this information released by the Company, as well as figures
derived therefrom (e.g. percentages), pertain to figures that have
been commercially rounded to whole thousands of euros and presented
in the Summarized Interim Consolidated Financial Statements as at
September 30, 2010.

End of the press release

Beta Systems Software AG (Prime Standard: BSS, ISIN DE0005224406)
offers large corporations high-end infrastructure software which
spans sectors. This software enhances the performance of a company´s
IT in terms of its availability, scaleability and flexibility. Data
centers optimize their job and output management. Moreover,
especially companies with high numbers of users are supported in the
automation of their IT user administration. Improved security also
serves to fulfill the requirements placed on business operations in
respect of governance, risk management and compliance (GRC).

Beta Systems was founded in 1983, has been a listed company since
1997, and has a workforce of around 350 employees. The company´s
principal place of business is Berlin. Beta Systems operates through
Centers of Competence in Cologne and Calgary, as well as 16
subsidiaries worldwide and cooperations with numerous partner
companies. Throughout the world more than 1,300 customers use the
products and solutions of Beta Systems to improve their processes and
security in more than 3,200 running installations. At present, Beta
Systems generates 50 percent of its sales from international
business. Around 200 of its customers are based in the USA and
Canada. More information on the company and its products can be found
under www.betasystems.com.


end of announcement euro adhoc
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ots Originaltext: Beta Systems Software AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Press contacts

Company contact:

Beta Systems Software AG

Stefanie Frey

Senior Manager Investor Relations

Tel.: +49 (0)30 726 118-171

Fax: +49 (0)30 726 118-800

e-mail: stefanie.frey@betasystems.com



Agency contact:

HBI PR&MarCom GmbH

Alexandra Osmani,

Alexandra Janetzko

Tel.: +49 (0)89 99 38 87-37/-32

Fax: +49 (0)89 930 24 45

e-mail: alexandra_osmani@hbi.de

e-mail: alexandra_janetzko@hbi.de

Branche: Software
ISIN: DE0005224406
WKN: 522440
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade


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