COMPUTERLINKS AG announces results for the first 9 months of 2005 Successful start at COMPUTERLINKS North America
Munich, 16.11.2005 COMPUTERLINKS AG increased group turnover from 145.7 million Euro in the same period of the previous year to 173.3 million Euro (+ 18.9%) in the first nine months of 2005. Gross margins stood at 16.5% after 9 months of the current financial year (same period last year: 18.4%).
EBITDA* (earnings before interest, taxes, depreciation and amortisation) were 7.3 million Euro in the period from 01.01.2005 to 30.09.2005 (same period last year: 7.6 million Euro). Foreign currency losses of 0.77 million Euro (same period last year: foreign currency gains of 0.44 million Euro) resulted in group earnings before tax of 5.9 million Euro (same period last
year: 7.4 million Euro) in the first nine months of 2005. The net income for this period was 3.8 million Euro (same period last year: 4.7 million Euro).
This corresponds to earnings per share of 0.60 Euro for the first nine months of 2005 compared to 0.80 Euro in the previous year.
The start-up of the newly formed subsidiary, COMPUTERLINKS North America, has been very encouraging. Positive EBITDA of 130 KEuro were generated in the first quarter of its trading with turnover of 1.8 million Euro. The Securesoft Group, which was acquired in the 2nd quarter of 2005, again lived up to expectations in the 3rd quarter of 2005.
For the 3rd quarter of 2005 group turnover rose by 29% to 61.6 million Euro (same period last year: 47.7 million Euro). With gross margins of 15.4% in the 3rd quarter of 2005 EBITDA* were 1.9 million Euro compared to 2.4 million Euro in the same quarter of the previous year. Net income for the 3rd quarter of 2005 was 0.9 million Euro compared to 1.5 million Euro in the same quarter of the previous year. This resulted in earnings per share of
0.14 Euro (based on 6,221,243 shares) compared to 0.26 Euro in the 3rd quarter of 2004 (based on 5,857,220 shares).
Stephan Link, founder and CEO of COMPUTERLINKS AG stated: ³Our growth is to be given further impetus by our recent market expansion. The Scandinavian Securesoft Group will contribute to profit in the 4th quarter of 2005 for the first time in the last, crucial months of the financial year 2005. The encouraging and profitable start for COMPUTERLINKS North America is likely to be continued. In addition to organic growth these effects will produce a disproportionate increase in turnover and profit in the 4th quarter of 2005.²
