KEY PERFORMANCE INDICATORS
|
|
- Rafe Lewis
- 8 years ago
- Views:
Transcription
1
2 KEY PERFORMANCE INDICATORS Overview Q1 Q1/2015 Q1/2014 Change EUR ( 000) EUR ( 000) in % Total sales revenue 6,248 8,700-28% EBIT -1, % EBT -1, % Earnings after Tax -1, % EPS (basic) % Equity 5,524 16,337-66% Cash and cash equivalents 6,996 14,067-50% Number of employees % update software AG info@update.com 2
3 E A R NI NGS PE R FORMAN CE, CASH FLOWS, A ND FI N AN CIAL PO SITION Revenue and earnings In the period from January through March 2015, update software AG achieved sales revenues of EUR 6,248 thousand, which is around 28% less than in the previous year's reference period. At EUR 4,153 thousand in total, recurring revenues (SaaS and Maintenance) accounted for 66% (previous year: 50%) of the company's sales revenues. SaaS revenues were kept up to the same level as in the previous year. Maintenance revenues decreased slightly, by 6% to EUR 3,174 thousand, because of maintenance contract terminations. Non-recurring revenues (licenses and services) posted a significant drop by 52% to EUR 2,095 thousand, resulting from the Company's change in strategy that was resolved last year. The Company's EBIT for the reporting period were EUR -1,686 thousand (previous year: EUR +188 thousand). The decline in revenues presented above could not yet be offset in the first quarter through corresponding cost savings. The decrease in cost of sales by EUR 409 thousand (around 13%) resulted from staff cuts in the Professional Services area. Operating expenses however decreased by around 3% only, to EUR 5,095 thousand, which can be explained by unexpectedly high one-time expenses in connection with the unplanned departure of employees. Q1/ 2015 Q1/ 2014 EUR ( 000) EUR ( 000) SaaS - revenues Maintenance revenues 3,174 3,373 Recurring revenues 4,153 4,356 License revenues 479 1,406 Service revenues 1,616 2,938 Non-recurring revenues 2,095 4,344 Total sales revenue 6,248 8,700 Cash flows Cash flow from operating activities was EUR 2,706 thousand as of the reporting date, significantly down by EUR 2,994 thousand year-on-year. Net cash flow from investing activities was EUR -34 thousand and results mainly from replacement purchases. The cash flow in the first quarter is substantially influenced by the billings and subsequent payments of the annual billings of maintenance services. update software AG info@update.com 3
4 Financial position Non-current assets at EUR 7,059 thousand remained virtually unchanged as compared to the balance sheet date. Current assets increased by EUR 4,861 thousand (28%) to EUR 17,288 thousand in the reporting period. Both the increase in the cash balance by 38% to EUR 6,996 compared to December 31, 2014 and the increase in trade receivables from EUR 6,226 thousand to EUR 8,025 thousand resulted from billings and payments of annual maintenance services at the beginning of the fiscal year. The increase of 52% in other current assets to EUR 739 thousand is essentially due to prepaid expenses. O PPORT U NITIES A ND RI SK R E PORT With respect to opportunities and risks please refer primarily to the Risk Report in the Group Management Report for the 2014 fiscal year. Due to the quarterly increase in total assets, the update group's equity ratio dropped to 23% as of 31 March 2015 (equity ratio on 31 December 2014: 37%). The provision for non-current personnel obligations was reduced to EUR 27 thousand as of the reporting date due to the termination of employments. As expected, current liabilities increased significantly, from EUR 11,971 thousand on 31 December 2014 to EUR 18,796 thousand on the reporting date. This increase is due almost exclusively to the deferral of maintenance services that were billed in the first quarter for the entire fiscal year. O UT LO OK In 2015 the Company's realignment and several unplanned costs weighed down the Q1 results. However, the expectation for the full fiscal year 2015 is a positive development. Through a leaner cost structure and the new business focus, Management anticipates lower sales revenues than in 2014 and positive effects on the Company's earnings power. The Management Board of update software AG resolved in its meeting on March 3, 2015 to initiate the process of a delisting of the Company's shares. The aim is to carry out a restructuring measure under corporate law to change the Company's legal form in the course of the Company's annual shareholders' meeting on June 10, The Company's change of legal form to a limited liability company under Austrian law will also result in the expiry of its stock exchange listing. update software AG info@update.com 4
5 S E GM ENT REPO RTING Q Q EUR ( 000) EUR ( 000) Sales revenues Holding 0 0 DACH 5,067 7,157 ROW 1,181 1,543 Total sales revenues 6,248 8,700 Intersegment sales revenues Holding 2,637 3,833 DACH ROW 8 41 Total Intersegment sales revenues 3,195 4,490 EBIT Holding -1, DACH ROW Total operating income (EBIT) -1, Segment Reporting is based on the respective location of assets. The update software companies are grouped together in the following segments: HOLDING: headquarter of the group, responsible for strategic activities such as planning, research & development, marketing, corporate finance, human resources and investor relations The sharp drop in earnings in the Holding segment to EUR -1,422 thousand (previous year: EUR +49 thousand) is due to the decline in royalty income from the license business as well as to intercompany service charges from the Aurea Group and one-time cost in connection with unexpected termination of employment contracts. DACH: Germany, Austria and Switzerland ROW: Rest of world update software AG info@update.com 5
6 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Q1/ 2015 Q1/ 2014 EUR ( 000) EUR ( 000) Sales revenue Total recurring revenue (Maintenance and SaaS) 4,153 4,356 Total non-recurring revenue (Licenses and Services) 2,095 4,344 Total sales revenue 6,248 8,700 Cost of goods sold Cost of maintenance Cost of service and license agreements -2,190-2,629 Total cost of goods sold -2,839-3,248 Gross profit 3,409 5,452 Operating expenses Sales and marketing -2,093-2,560 Research and development -2,020-1,827 General and administrative costs Other operating expenses Total operating expenses -5,095-5,264 Operating income/loss (EBIT) -1, Interest income Interest expenses -2-7 Other income and expenses Earnings/loss before taxes (EBT) -1, Income taxes Earnings/loss after taxes -1, Other comprehensive income/loss 44 1 thereof currency translation 44 1 Comprehensive income/loss -1, Earnings per share (basic) in EUR Earnings per share (diluted) in EUR Average number of issued shares 1 (basic) 11,333,240 11,236,177 Average number of issued shares 1 (diluted) 11,333,240 11,236,177 1 Adjusted for the effect of the share buyback program update software AG info@update.com 6
7 CONSOLIDATED BALANCE SHEET 31/03/ /12/2014 EUR ( 000) EUR ( 000) ASSETS: A. NON-CURRENT ASSETS Intangible assets and goodwill 5,167 5,176 Property, plant and equipment Deferred tax assets 1,571 1,695 Other non-current assets Total non-current assets 7,059 7,253 B. CURRENT ASSETS Cash and cash equivalents 6,996 4,324 Trade receivables 8,025 6,226 Trade receivables from production or service contracts Current tax receivables 1,500 1,500 Other current assets Total currents assets 17,288 12,427 Total assets 24,347 19,680 EQUITY AND LIABILITIES: A. EQUITY Share capital 11,569 11,569 Additional paid-in capital 5,108 5,108 Other reserves Treasury Stock Net unappropriated profit -11,123-9,257 Total shareholder s equity 5,524 7,346 B. NON-CURRENT LIABILITIES Provision for non-current personnel liabilities Total non-current liabilities C. CURRENT LIABLITIES Trade accounts payable Tax liabilities 1 1 Other liabilities 18,218 11,456 Total current liabilities 18,796 11,971 Total liabilities and shareholder s equity 24,347 19,680 update software AG info@update.com 7
8 CONSOLIDATED CASH FLOW STATEMENT Q1/ 2015 Q1/ 2014 EUR ( 000) EUR ( 000) Operating activities: Net result -1, Reconciliation of the net profit for the period to net cash flow from operating activities: Depreciation, amortization and write-downs Asset disposals 7 0 Change in non-current provisions Change in deferred taxes Unrealized remeasurement gains/losses on currency translation differences 45 1 Change in assets and liabilities: Change in trade accounts receivable -1,799-3,335 Change in other assets Change in trade accounts payable Change in provisions and other liabilities 6,761 9,366 Net cash flow from operating activities 2,706 5,700 Cash flow from investing activities: Investments in intangible assets Investments in property, plant and equipment Net cash flow from investing activities Cash flow from financing activities Change in Treasury Stock 0-69 Net cash flow from financing activities 0-69 Change in cash and cash equivalents 2,672 5,566 Cash and cash equivalents at the beginning of the period 4,324 8,501 Cash and cash equivalents at the end of the period 6,996 14,067 Additional information regarding net cash flow from operating activities: Cash received for interest in the reporting period 16 8 Cash paid for interest in the reporting period 0 0 Income taxes 9 1 update software AG info@update.com 8
9 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 2015 EUR ( 000) Share capital Additional paid-in capital Other reserves Treasury Stock Net unappropriated result Total As of 31 December ,569 5, ,257 7,346 Income/loss after taxes ,866-1,866 Other income/loss Comprehensive income ,866-1,822 Options granted/ Treasury Stock As of 31 March ,569 5, ,123 5, EUR ( 000) Share capital Additional paid-in capital Other reserves Treasury Stock Net unappropriated result Total As of 31 December ,569 5, ,193 Income/loss after taxes Other income/loss Comprehensive income Options granted/ Treasury Stock As of 31 March ,569 5, ,337 update software AG info@update.com 9
10 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT AS OF 3 1 M A R CH 2015 Accounting principles This quarterly report of update software AG as of 31 March 2015 has been prepared in EUR, the company's corporate currency, as per IAS 34 "Interim Financial Reporting" in accordance with the International Financial Reporting Standards (IFRS) to be applied as at the end of the reporting period. The accounting principles and calculation methods used in the consolidated financial statements for the year ended 31 December 2014 have not changed. For further details see the consolidated financial statements of update software AG as of 31 December Auditor review This report has not been audited nor reviewed by independent auditors. Guarantees and other commitments The aggregate amount of cash and cash equivalents pledged for rental deposits and payment guarantees as of 31 March 2015 was EUR 411 thousand (Q1/2014: EUR 458 thousand). Material subsequent events Aurea Software FZ-LLC, the principal shareholder of update software AG, submitted a voluntary offer on April 22, 2015 to the other shareholders of update software AG for the purchase of all update software AG shares. The offer price was EUR 3.15 per share. The offer ended on midnight of May 5, These 185,170 update shares purchased outside the offer process correspond to 1.6% of update's share capital and voting rights. update software AG info@update.com 10
11 Significant legal cases The insolvency proceedings of a distribution partner in Germany, in which update had claimed receivables in the amount of EUR 1,002 thousand, was completed in the summer of As expected, in accordance with the roughly 4% share of assets available to cover liabilities, update received about EUR 43 thousand. At the beginning of September, update sales GmbH, as subsidiary of update software AG had to file suit against an Austrian customer. Outstanding receivables of about EUR 150 thousand are being claimed in these proceedings for the delivery of licenses and the rendering of services. The customer filed a counterclaim in the same month. update's legal counsel estimates that the chances of success in these proceedings are very good. Stock Option Program Options issued as of 31/12/ , Options granted - - Options exercised - - Options expired Options issued as of 31/3/ , Exercisable as of the end of the quarter 26, Options available for granting 372,590 Total options exercised 985,713 The 26,500 options currently in issue could potentially dilute future diluted earnings per share. They have not been included in the diluted earnings per share as they do not have a dilutive effect on average for the reporting period. Share buyback At the 16th annual shareholders' meeting on June 19, 2013, the Management Board was authorized to conduct another share buyback program. In connection with the program, common bearer shares of update software AG may be repurchased to the extent of up to 10 % of the share capital, including the treasury shares already purchased. If the approved volume is utilized in full, the number of treasury shares would increase to million shares The price range for the buyback was set at EUR 1 to EUR 10 at the 16th annual shareholders' meeting. Material transactions with related parties By unanimous resolution on December 29, 2014, the Management Board of update software AG approved the granting of a short-term loan to the majority owner, Aurea Software FZ-LLC, in the amount of EUR 1,500 thousand, repayable by February 28, 2015 and bearing 6% interest. A majority of the Supervisory Board approved this transaction on December 30, In its meeting on March 12, 2015, the Supervisory Board resolved to extend the loan on the same terms until May 31, Portfolio of treasury shares as of March 31, 2015: Shares held Part of share capital in EUR Part of share capital in % 235, , % update software AG info@update.com 11
12 Employees Due to the Company's strategic realignment, the number of employees decreased to 192 persons in the first quarter of In the first quarter, the decrease affected the Professional Services and Product Development areas in particular. Head Count (HC) Q1/ 2015 Q1/ 2014 R&D, Product Management Sales, marketing & business solutions Administration Total Overview of Corporate Board Members (As of 31 March 2015) Member of Shares Options Frank Hurtmanns Supervisory Board 0 0 Scott Brighton Supervisory Board 0 0 Andrew Price Supervisory Board 0 0 Mirjam Riesemann Management Board 0 0 Christian Stadlmann Management Board 0 0 Todd Brooks Management Board 0 0 update software AG info@update.com 12
13 CAPITAL MARKET Listing: Price on 31/12/2014: Price on 31/03/2015: Regulated Market (transparency level General Standard) on the Frankfurt Stock Exchange 2.88 EUR* 3.07 EUR* Price Performance YTD + 7 % (31/12/ /03/2015)* Source: EQS Group AG / ARIVA.DE AG Ø Volume/Day Q1 15: Ø Volume/Day Q1 14: Total Volume 2015 Q1: ISIN: 4,257 pcs 3,919 pcs 372,362 pcs AT WKN: * Source: XETRA Shareholder Structure In the period from July 2 through August 19, 2014, Aurea Software FZ-LLC acquired 9,381,643 shares in connection with a voluntary public takeover offer submitted to the shareholders of update software AG and is therefore the major shareholder of update software AG. 2,0% 16,5% 81,5% Aurea Software FZ- LLC* update software AG With that, 2% of the Company's shares are own shares held by the Company and around 16.5% is free float. Free float *Joseph Liemandt is the direct sole shareholder of ESW Capital LLC, ESW Capital LLC is the direct sole shareholder of Aurea Software, Inc., and Aurea Software Inc. is the direct sole shareholder of Aurea Software FZ-LLC. update software AG info@update.com 13
14 About the Company - update software AG For 25 years, update has been valued by customers and partners alike as a provider of industry-oriented CRM solutions. Drawing on this longstanding experience, update helps internationally active companies optimize their sales, marketing, and services processes quickly and flexibly. Since the acquisition of the majority interest by the American Aurea Group, the Company has been aligning its focus on accompanying customers as long-term partners through service-oriented solutions to achieve Customer Experience Transformation (CXT). Headquartered in Vienna, Austria, update software AG currently has around 192 employees and generated sales revenues of EUR 34 million in The Company works with numerous strategic partners around the globe to help its customers be more successful. Founded in Vienna in 1988, update concentrates on companies in vertically structured markets and offers industry-specific solutions especially for the following segments: construction, mechanical engineering, pharmaceuticals, financial services, and consumer goods. The use of standardized processes for update's core industries combined with extensive ability for customization makes update's offering unique in the market. Among the customers of update software AG are UniCredit Bank, Hansa, Hansgrohe, Lafarge, Laufen, Bahlsen, Pipelife, Saint-Gobain, Terex, KSB, Rothenberger, Trotec, BAWAG P.S.K., Forstinger, Shimano, HassiaGruppe, Ratiopharm, Weleda, Limbach Gruppe, Paul Hartmann AG, and many others. Other information Note on rounding: When adding up rounded amounts and data given as a percentage, rounding differences may occur due to the use of automatic calculation methods. Rounding, typing or printing errors cannot be excluded. No information contained herein constitutes or shall be construed as an offer or recommendation to subscribe to or buy securities or financial instruments in update software AG. Contact: update software AG Investor Relations Operngasse 17-21, 1040 Wien Phone: +43 (1) Fax: Mail: investor.relations@update.com Further information: update software AG info@update.com 14
TO OUR SHAREHOLDERS PROFITABLE GROWTH COURSE INTERNATIONALIZATION FURTHER EXTENDED US MARKET IN FOCUS
QUARTERLY STATEMENT AS OF MARCH 31, 2015 TO OUR SHAREHOLDERS Patrik Heider, Spokesman of the Executive Board and CFOO The Nemetschek Group has made a dynamic start in the 2015 financial year and continues
More informationHALF YEAR REPORT AS OF JUNE 30
2 0 1 4 HALF YEAR REPORT AS OF JUNE 30 T O O U R S H A R E H O L D E R S Dear shareholders, ladies and gentlemen, The Nemetschek Group continued its successful development in the second quarter of 2014
More informationTO OUR SHAREHOLDERS DYNAMIC FIRST HALF YEAR
HALF YEAR REPORT AS OF JUNE 30, 2015 TO OUR SHAREHOLDERS Patrik Heider, Spokesman of the Executive Board and CFOO The Nemetschek Group maintained its dynamic development from the first quarter of 2015
More informationConsolidated Balance Sheets
Consolidated Balance Sheets March 31 2015 2014 2015 Assets: Current assets Cash and cash equivalents 726,888 604,571 $ 6,057,400 Marketable securities 19,033 16,635 158,608 Notes and accounts receivable:
More informationLogwin AG. Interim Financial Report as of 31 March 2015
Logwin AG Interim Financial Report as of 31 March 2015 Key Figures 1 January 31 March 2015 Earnings position In thousand EUR 2015 2014 Revenues Group 274,433 278,533 Change on 2014-1.5% Solutions 101,821
More informationConsolidated balance sheet
83 Consolidated balance sheet December 31 Non-current assets Goodwill 14 675.1 978.4 Other intangible assets 14 317.4 303.8 Property, plant, and equipment 15 530.7 492.0 Investment in associates 16 2.5
More informationConsolidated Statement of Profit or Loss (in million Euro)
Consolidated Statement of Profit or Loss (in million Euro) Q2 2012 Q2 2013 % H1 2012 H1 2013 % Restated * change Restated * change Revenue 779 732-6.0% 1,513 1,437-5.0% Cost of sales (553) (521) -5.8%
More informationReport on the 1 st quarter of 2009/10
Report on the st quarter of 009/0 BRAIN FORCE Key Data Earnings Data ) 0-/009 0-/008 Chg. in % 008/09 ) Revenues in million.0 7.5-4 89.0 EBITDA in million.5.5 +56.05 Operating EBITDA ) in million..5-5.44
More informationFinancial Results. siemens.com
s Financial Results Fourth Quarter and Fiscal 2015 siemens.com Key figures (in millions of, except where otherwise stated) Volume Q4 % Change Fiscal Year % Change FY 2015 FY 2014 Actual Comp. 1 2015 2014
More informationOverview of the key figures for the first half of the year
Half-Year Report 2015 Q2 Revenues increase in the first half of the year by 23% EBIT increased by 1.5 million euros compared to the previous year Order book is growing Overall annual forecast remains unchanged
More information3-month report January - March 2007 Published on August 10, 2007
3-month report January - March 2007 Published on August 10, 2007 3-month report January March 2007 1. Group management report for the first quarter of 2007 Overview of the first quarter in 2007 Continued
More informationConsolidated Balance Sheets March 31, 2001 and 2000
Financial Statements SEIKAGAKU CORPORATION AND CONSOLIDATED SUBSIDIARIES Consolidated Balance Sheets March 31, 2001 and 2000 Assets Current assets: Cash and cash equivalents... Short-term investments (Note
More informationKYODO PRINTING CO., LTD. and Consolidated Subsidiaries
KYODO PRINTING CO., LTD. and Consolidated Subsidiaries Interim Consolidated Financial Statements (Unaudited) for the, Interim Consolidated Balance Sheets, as compared with March 31, (Unaudited) ASSETS,
More informationContact 6-Month Report 2005
Contact 6-Month Report 2005 Security Networks AG Kronprinzenstrasse 30 45128 ssen Germany Phone: +49 (0) 201 54 54-0 Fax: +49 (0) 201 54 54-456 Internet: www..com -mail: investor.relations@.com Key figures
More informationConsolidated Statement of Profit or Loss (in million Euro)
Consolidated Statement of Profit or Loss (in million Euro) Q3 2014 Q3 2015 % change 9m 2014 9m 2015 % change Revenue 636 661 3.9% 1,909 1,974 3.4% Cost of sales (440) (453) 3.0% (1,324) (1,340) 1.2% Gross
More informationACER INCORPORATED AND SUBSIDIARIES. Consolidated Balance Sheets
Consolidated Balance Sheets June 30, 2015, December 31, 2014, and (June 30, 2015 and 2014 are reviewed, not audited) Assets 2015.6.30 2014.12.31 2014.6.30 Current assets: Cash and cash equivalents $ 36,400,657
More information3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS
3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS (1) Consolidated Quarterly Balance Sheets September 30, 2014 and March 31, 2014 Supplementary Information 2Q FY March 2015 March 31, 2014 September 30, 2014
More informationConsolidated Statement of Profit or Loss (in million Euro)
Consolidated Statement of Profit or Loss (in million Euro) Q3 2013 Q3 2014 % change 9m 2013 9m 2014 % change Revenue 689 636-7.7% 2,126 1,909-10.2% Cost of sales (497) (440) -11.5% (1,520) (1,324) -12.9%
More informationCONSOLIDATED STATEMENT OF INCOME
CONSOLIDATED STATEMENT OF INCOME 4 th quarter (a) 3 rd quarter 4 th quarter 2009 Sales 40,157 40,180 36,228 Excise taxes (4,397) (4,952) (4,933) Revenues from sales 35,760 35,228 31,295 Purchases, net
More informationOverview of the key figures for the first nine months
Continued revenue growth: up 12% on previous year Results impacted by revenue structure and one-off effects High volume of orders: outlook remains optimistic Q3 Overview of the key figures for the first
More informationDTS CORPORATION and Consolidated Subsidiaries. Unaudited Quarterly Consolidated Financial Statements for the Three Months Ended June 30, 2008
DTS CORPORATION and Consolidated Subsidiaries Unaudited Quarterly Consolidated Financial Statements for the Three Months Ended June 30, 2008 DTS CORPORATION and Consolidated Subsidiaries Quarterly Consolidated
More informationThe Kansai Electric Power Company, Incorporated and Subsidiaries
The Kansai Electric Power Company, Incorporated and Subsidiaries Consolidated Financial Statements for the Years Ended March 31, 2003 and 2002 and for the Six Months Ended September 30, 2003 and 2002 The
More informationTravel24.com AG. Quarterly Report Q1 2015
Travel24.com AG Quarterly Report Q1 2015 2 Selected Key Group Data January 1 - March 31 Change In thousands of euro 2015 2014 % Revenue 4,494 7,810-42 % EBIT 806 1,231-35 % Net profit 66 518-87 % Earnings
More informationATS AUTOMATION TOOLING SYSTEMS INC.
Interim Consolidated Financial Statements For the period ended June 29, 2014 (Unaudited) (Condensed) Interim Consolidated Statements of Financial Position (in thousands of Canadian dollars unaudited) June
More informationQuarterly Financial Results for the Fiscal Year Ending September 30, 2016 (J-GAAP)
February 10, 2016 Quarterly Financial Results for the Fiscal Year Ending September 30, 2016 (J-GAAP) (1st Quarter / October 1, 2015 December 31, 2015) Company Name Hosokawa Micron Corporation Stock Exchange
More informationMITSUI SUMITOMO INSURANCE COMPANY, LIMITED AND SUBSIDIARIES. CONSOLIDATED BALANCE SHEETS March 31, 2005 and 2006
CONSOLIDATED BALANCE SHEETS March 31, 2005 and 2006 2005 2006 ASSETS Investments - other than investments in affiliates: Securities available for sale: Fixed maturities, at fair value 3,043,851 3,193,503
More informationConsolidated Financial Results for the nine months of Fiscal Year 2010
Consolidated Financial Results for the nine months of Fiscal Year 2010 (Fiscal Year 2010: Year ending March 31, 2010) Noritake Co., Limited Company Name Stock Exchange Listings Tokyo, Nagoya Code Number
More informationAhlers AG, Herford. ISIN DE0005009708 and DE0005009732 INTERIM REPORT
Ahlers AG, Herford ISIN DE0005009708 and DE0005009732 on the first nine months of fiscal 2005/06 (December 1, 2005, to August 31, 2006) BUSINESS DEVELOPMENT IN THE FIRST NINE MONTHS OF FISCAL 2005/06 According
More informationPreliminary Consolidated Financial Statements 2015 >
Preliminary Consolidated Financial Statements 2015 > The following results and amounts are preliminary statements that have not yet been approved or adopted by the Supervisory Board. Preliminary Consolidated
More informationFinancial Summary. as a % of balance sheet total
InVision AG Financial Report 6M 2015 Consolidated Interim Financial Statements of InVision AG as of 30 June 2015 in accordance with IFRS and 315a of the German Commercial Code as well as the Group management
More informationWESTERN DIGITAL CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS. (in millions; unaudited) ASSETS
CONDENSED CONSOLIDATED BALANCE SHEETS (in millions; unaudited) ASSETS Apr. 1, July 3, 2016 2015 Current assets: Cash and cash equivalents $ 5,887 $ 5,024 Short-term investments 146 262 Accounts receivable,
More informationKey figures. Earnings Data 1-3/2007 1-3/2008 Change in % Ultimo 2007. Revenues EUR million 23.56 25.33. EBITDA EUR million 0.40 1.
Report on the 1 st Quarter of 2008 Key figures Earnings Data 1-3/2007 1-3/2008 Change in % Ultimo 2007 Revenues EUR million 23.56 25.33 +8 98.33 EBITDA EUR million 0.40 1.62 >100 0.35 EBIT EUR million
More informationFirst quarter ended March 31, 2013 Sales at $422 million and adjusted earnings at $7 million
170 INDUSTRIEL BLVD. BOUCHERVILLE (QUÉBEC) CANADA, J4B 2X3 TEL: (450) 641-2440 FAX: (450) 449-4908 PRESS RELEASE First quarter ended March 31, 2013 Sales at $422 million and adjusted earnings at $7 million
More informationCONSOLIDATED INCOME STATEMENTS
ATTACHMENTS TO THE PRESS RELEASE The consolidated Income Statements, consolidated Statements of Financial Position and the Consolidated Statements of Cash Flows as well as the Net Financial Debt of INWIT,
More informationPfeiffer Vacuum announces results for FY 2014
PRESS RELEASE Pfeiffer Vacuum announces results for FY 2014 Total sales of 406,6 million EBIT margin at 11,0 percent Dividend proposal of 2.65 euros Asslar, Germany, March 26, 2015. Total sales for FY
More informationJOHN WILEY & SONS, INC. UNAUDITED SUMMARY OF OPERATIONS FOR THE FIRST QUARTER ENDED JULY 31, 2011 AND 2010 (in thousands, except per share amounts)
UNAUDITED SUMMARY OF OPERATIONS FOR THE FIRST QUARTER ENDED JULY 31, 2011 AND 2010 (in thousands, except per share amounts) US GAAP First Quarter Ended Revenue $ 430,069 407,938 5% Costs and Expenses Cost
More informationHalf Year 2015 Results
Half Year 2015 Results Letter to shareholders LifeWatch First Half Highlights Revenue growth of 9.1% to USD 52.5 million Above-market growth of over 12% in core monitoring services resulting in market
More informationAs of December 31, 2014. As of December 31, 2015. Assets Current assets:
Assets Current assets: Alphabet Inc. CONSOLIDATED BALANCE SHEETS (In millions, except share and par value amounts which are reflected in thousands, and par value per share amounts) As of December 31, 2014
More information9-MONTHS REPORT. Stable development of business in Q3 Lila Logistik confirms full-year forecast
/08 9-MONTHS REPORT Stable development of business in Q3 Lila Logistik confirms full-year forecast Key figures for the first three quarters of 2008 in accordance with IFRS 01.01. 01.01. Change in Change
More informationQuarterly Financial Report. as of March 31, 2010. Qarterly Financial Report. as of March 31, 2010
Quarterly Financial Report as of March 31, 2010 Qarterly Financial Report as of March 31, 2010 PULSION Quarterly Financial Report as at March 31, 2010 1 PULSION at a glance PULSION (Group) according to
More informationINTERIM REPORT JANUARY 1 SEPTEMBER 30, 2011
Q3 INTERIM REPORT JANUARY 1 SEPTEMBER 30, 2011 Helsinki, October 27, 2011 Fiskars Corporation Interim Report January 1 - September 30, 2011 October 27, 2011 Third quarter: Net sales and operating profit
More informationFINANCIAL REPORT H1 2014
FINANCIAL REPORT H1 2014 HIGH SPEED BY PASSION 02_Key Figures 03_Group Status Report 05_Consolidated Financial Statements 10_Notes 11_Declaration of the Legal Representatives 02 PANKL KEY FIGURES EARNING
More informationConsolidated Financial Summary under IFRS for the fiscal year ending March 31, 2015 (April 1, 2014 - March 31, 2015)
Monex Group, Inc. Consolidated Financial Summary under IFRS for the fiscal year 2015 (April 1, 2014 - March 31, 2015) This is an English translation of Japanese report of the consolidated financial summary
More informationFinancial Statements
Financial Statements Years ended March 31,2002 and 2003 Contents Consolidated Financial Statements...1 Report of Independent Auditors on Consolidated Financial Statements...2 Consolidated Balance Sheets...3
More information3 4 5 6 FINANCIAL SECTION Five-Year Summary (Consolidated) TSUKISHIMA KIKAI CO., LTD. and its consolidated subsidiaries Years ended March 31 (Note 1) 2005 2004 2003 2002 2001 2005 For the year: Net sales...
More information2014/2015 The IndusTrIal Group
Q2 2014/2015 Half-Year Interim Report 2014/2015 1 April to 30 September 2014 The Industrial Group The first six months of financial year 2014/2015 at a glance Incoming orders increased in the first half
More informationAhlers AG, Herford. ISIN DE0005009708 and DE0005009732 INTERIM REPORT
Ahlers AG, Herford ISIN DE0005009708 and DE0005009732 I N T E R I M R E P O R T for the first six months of the 2006/07 financial year (December 1, 2006 to May 31, 2007) BUSINESS DEVELOPMENT IN THE FIRST
More informationLetter from the Management Board 3. Key Financial Figures 4. Management Report 5. Consolidated Income Statement (IFRS) 9
3-Months Report 2015 Content Letter from the Management Board 3 Key Financial Figures 4 Management Report 5 Consolidated Income Statement (IFRS) 9 Consolidated Statement of Comprehensive Income (IFRS)
More informationConsolidated Statement of Profit or Loss
Consolidated Statement of Profit or Loss Sales: Products 864,699 1,041,794 $ 10,114,505 Post sales and rentals 941,610 1,064,555 10,335,485 Other revenue 79,686 89,347 867,447 Total sales 1,885,995 2,195,696
More informationFinancial Report 9M 2014
Financial Report 9M 2014 1 von 10 12.11.14 13:19 1. Financial Summary Income (in TEUR) 9M 2014 9M 2013 Revenues 9,485 9,992 Software & Subscriptions 8,668 8,127 Services 817 1,865 EBIT 2,926 1,051 as a
More informationAmadeus Global Travel Distribution, S.A.
Amadeus Global Travel Distribution, S.A. Consolidated Interim Financial Statements as of June 30, 2002, prepared in accordance with International Accounting Standard 34 and Review Report of Independent
More informationCENIT AG Systemhaus. Industriestraße 52-54 D-70565 Stuttgart Tel: + 49 711 7825-30 Fax: + 49 711 7825-4000 Internet: http://www.cenit.
9 Months Report 2007 CENIT AG Systemhaus Industriestraße 52-54 D-70565 Stuttgart Tel: + 49 711 7825-30 Fax: + 49 711 7825-4000 Internet: http://www.cenit.de Investor Relations: ISIN:DE0005407100 Fabian
More informationHalf-year Financial Report as of June 30, 2008
Half-year Financial Report as of June 30, 2008 PULSION Half-year Financial Report as of June 30, 2008 PULSION at a glance PULSION (Group) according to IFRS H1 H1 Deviation 2008 2007 in % Revenues KEUR
More informationQuarterly Financial Report March 31, 2009. MBB Industries AG. Berlin
Quarterly Financial Report March 31, 2009 MBB Industries AG. Berlin Quarterly Financial Report March 31, 2009 MBB Industries AG MBB Industries in Numbers 03 MBB Industries in Numbers Three Month (Jan.
More informationInVision AG Workforce Management Cloud Services Call Center Training. Financial Report 9M 2014
Financial Report 9M 2014 Seite 1 von 7 1. Financial Summary Income (in TEUR) 9M 2014 9M 2013 Revenues 9,485 9,992-5% Software & Subscriptions 8,668 8,127 +7% Services 817 1,865-56% EBIT 2,926 1,051 +178%
More information2OO 6 9 MONTHS REPORT 2OO 7
2OO 6 9 MONTHS REPORT 2OO 7 Hönle at a glance Hönle Group Figures 1) 2006/2007 2005/2006 Changes 9 months 9 months Income Statement T T in % Revenues 19,055 17,081 11.6 EBITDA 3,504 2,661 31.7 EBIT 3,005
More informationConsolidated Statements of Profit or Loss Ricoh Company, Ltd. and Consolidated Subsidiaries For the Years Ended March 31, 2014 and 2015
Consolidated Statements of Profit or Loss Sales: Products 1,041,794 1,071,446 8,928,717 Post sales and rentals 1,064,555 1,068,678 8,905,650 Other revenue 89,347 91,818 765,150 Total sales 2,195,696 2,231,942
More informationUNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2015
BE SEMICONDUCTOR INDUSTRIES N.V. DUIVEN, THE NETHERLANDS UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2015 Contents Unaudited Condensed Interim Consolidated
More informationCondensed Consolidated Interim Financial Statements Q4 2014. aegon.com
Condensed Consolidated Interim Financial Statements Q4 2014 aegon.com The Hague, February 19, 2015 Table of contents Condensed consolidated income statement 2 Condensed consolidated statement of comprehensive
More information2014 Quarterly Report II
2014 Quarterly Report II 2 Key data Eckert & Ziegler 01 06/2014 01 06/2013 Change Sales million 61.9 55.3 12% Return on revenue before tax % 9 % 12 % 26 % EBITDA million 9.7 10.2 5 % EBIT million 6.2 6.9
More informationLogwin AG. Interim Financial Report as of 30 September 2015
Logwin AG Interim Financial Report as of 30 September 2015 Key Figures 1 January 30 September 2015 Earnings position In thousand EUR 2015 2014 Revenues Group 805,065 842,390 Change on 2014-4.4% Solutions
More informationQuarterly Financial report
Quarterly Financial report Q1 2007/2008 Technology AG Steinbeisstraße 2-5 D-72510 Stetten a. k. M. Germany Phone: +49 75 73 / 9 52-0 Fax: +49 75 73 / 9 20 34 info@.de www..eu Integrated Security Technology
More informationQuarter I Report - 2005 AMADEUS FIRE AG
Quarter I Report - 2005 AMADEUS FIRE AG www.amadeus-fire.com 2 AMADEUS FIRE Group Financial Summary Amounts stated in EUR k Sales revenues Gross profit on sales Gross profit margin in % EBITDA EBITDA margin
More informationFiat S.p.A. Board of Directors Meeting: 2013 Financial Statements and Calling of the Annual General Meeting
Fiat S.p.A. Board of Directors Meeting: 2013 Financial Statements and Calling of the Annual General Meeting The Board of Directors of Fiat S.p.A. met today in Turin to: approve the 2013 consolidated financial
More informationHARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013
HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013 HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED BALANCE SHEETS ASSETS
More informationCONSOLIDATED FINANCIAL STATEMENTS AND NOTES
CONSOLIDATED FINANCIAL STATEMENTS AND NOTES Consolidated Income Statements p.2 Statements of profit or loss and other comprehensive Income p.3 Statements of financial position p.4 Consolidated Cash Flow
More informationQUARTERLY REPORT For the six months ended September 30, 2012 010_0774017502412.indd 2 2012/12/21 11:54:11
QUARTERLY REPORT For the six months ended September 30, 2012 QUALITATIVE INFORMATION (1) Qualitative Information Relating to Consolidated Quarterly Operating Results During the first half of the fiscal
More informationARM Holdings plc Consolidated balance sheet - IFRS
ARM Holdings plc Consolidated balance sheet - IFRS 30 June 31 December 2010 2009 Unaudited Audited 000 000 Assets Current assets: Financial assets: Cash and cash equivalents 53,746 34,489 Short-term investments
More informationFor the three months ended March 31, 2001 2000. Net sales $ 1,921 $ 1,351 Cost of sales 1,112 788. Gross margin 809 563
Pro Forma Consolidated Statements of Income Excluding Amortization of Purchased Intangibles and Goodwill, Purchased In-Process Research and Development, Acquisition-Related Costs and Non-Recurring Items
More informationLogwin AG. Interim Financial Report as of 30 June 2015
Logwin AG Interim Financial Report as of 30 June 2015 Key Figures 1 January 30 June 2015 Earnings position In thousand EUR 2015 2014 Revenues Group 532,027 543,168 Change on 2014-2.1% Solutions 190,467
More informationInterim consolidated financial statements as of September 30, 2007
1 Interim consolidated financial statements as of September 30, 2007 January 1 through September 30, 2007 MeVis Medical Solutions AG laying the foundation for further dynamic growth: Sales plus other operating
More informationInterim release Q1 2016
Overview by the Executive Board May 4, 2016 The majority of airports in the Fraport Group achieved growth in passenger traffic in the first quarter of fiscal year 2016. At the Frankfurt site, this resulted
More informationSummary of Consolidated Financial Results for the Six Months Ended September 30, 2013
November 6, 2013 Summary of Consolidated Financial Results for the Six Months Ended Name of Company Listed: Stock Exchange Listings: Nippon Paper Industries Co., Ltd. Tokyo Code Number: 3863 URL: Representative:
More informationHALF-YEARLY FINANCIAL REPORT PULSION Medical Systems SE as of June 30, 2014
HALF-YEARLY FINANCIAL REPORT PULSION Medical Systems SE as of June 30, 2014 PULSION Half-Yearly Financial Report as at June 30, 2014 1 PULSION at a glance PULSION (Group) IFRS Q2 Q2 HY 1 HY 1 Change 2014
More informationSemi-Annual Financial Statements 1/2012 of TELES Group
Semi-Annual Financial Statements 1/ of TELES Group (IFRS, unaudited) Key Figures January 1 through June 30, - Semi-annual figures confirm consolidation measures initiated during the preceding year - Significant
More informationCONSOLIDATED FINANCIAL STATEMENTS AND NOTES
CONSOLIDATED FINANCIAL STATEMENTS AND NOTES Consolidated Income Statements p.2 Statements of profit or loss and other comprehensive Income p.3 Statements of financial position p.4 Consolidated Cash Flow
More informationConsolidated Financial Statements
Consolidated Financial Statements For the year ended February 20, 2016 Nitori Holdings Co., Ltd. Consolidated Balance Sheet Nitori Holdings Co., Ltd. and consolidated subsidiaries As at February 20, 2016
More informationConverted Financial Statements - Formulas For the Year 2006
Consolidated Summary Report < under US GAAP> for the Fiscal Year Ended March 31, 2001 Date: August 2, 2001 Company Name (code number) : Mitsubishi Tokyo Financial Group, Inc. (8306) (The Mitsubishi Trust
More information3 M O N T H S R E P O R T 2 O O 3 / 2 O O 4
3 M O N T H S R E P O R T 2 O O 3 / 2 O O 4 Content 03 Hönle at a glance 04 Letter to the Shareholders 06 Management Report 09 Consolidated financial statement 17 Shareholdings of the corporate bodies
More informationFinancial Data Supplement 2Q2013
Deutsche Bank Financial Data Supplement 2Q2013 30 July 2013 1 2 2Q2013 Financial Data Supplement Deutsche Bank consolidated Financial summary 2 Group Core Bank Non-Core Operations Unit 3 Consolidated Statement
More informationIIJ Announces First Six Months Financial Results for the Fiscal Year Ending March 31, 2013
For Immediate Release Internet Initiative Japan Inc. E-mail: ir@iij.ad.jp Tel: +81-3-5259-6500 URL: http://www.iij.ad.jp/en/ir IIJ Announces First Six Months Financial Results for the Fiscal Year Ending
More information2013 HALF YEAR REPORT AS OF JUNE 30
2013 HALF YEAR REPORT AS OF JUNE 30 To our shareholders Tanja Tamara Dreilich, Executive Board Dear shareholders, ladies and gentlemen, In the second quarter we were able to continue the solid development
More informationMGC Diagnostics Corporation Reports Fiscal Year 2015 Financial Results
MGC Diagnostics Corporation 350 Oak Grove Parkway Saint Paul, MN 55127 Telephone: (651) 484-4874 Facsimile: (651) 484-4826 FOR IMMEDIATE RELEASE MGC Diagnostics Corporation Reports Fiscal Year 2015 Financial
More informationConsolidated Interim Report
Consolidated Interim Report as of 31 March 2015 UNIWHEELS AG CONTENTS 1. Key performance data 2. Condensed group management report as of 31 March 2015 3. Condensed consolidated financial statements as
More informationAddresses. Corporate Equity Partners AG. Subsidiaries. Company s Registered Head Office: Obmoos 4 CH 6301 Zug Switzerland. The Fantastic IP GmbH
Corporate Equity Partners Group 9 Month Financial Statements 2009 Addresses Corporate Equity Partners AG Company s Registered Head Office: Obmoos 4 CH 6301 Zug Switzerland Subsidiaries The Fantastic IP
More informationConsolidated Financial Results for Six Months Ended September 30, 2007
Consolidated Financial Results for Six Months Ended September 30, 2007 SOHGO SECURITY SERVICES CO., LTD (URL http://ir.alsok.co.jp/english) (Code No.:2331, TSE 1 st Sec.) Representative: Atsushi Murai,
More informationof Fiscal 2006 (Consolidated)
Outline of Financial Results for the 3rd Quarter of Fiscal 2006 (Consolidated) Feb.3, 2006 For Immediate Release Company Name (URL http://www.fhi.co./jp/fina/index.html ) : Fuji Heavy Industries Ltd. (Code
More informationInterim Consolidated Financial Statements (Unaudited)
Interim Consolidated Financial Statements (Unaudited) For the Six Months Ended, NTT FINANCE CORPORATION This document has been translated and reclassified from a part of the Japanese
More informationNOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS
Condensed Interim Consolidated Financial Statements of THE BRICK LTD. For the three months ended March 31, 2013 NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS Under National Instrument 51-102,
More informationASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2015 RESULTS
Almere, The Netherlands October 28, 2015 ASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2015 RESULTS ASM International N.V. (Euronext Amsterdam: ASM) today reports its third quarter 2015 operating results
More informationLetter from the Management Board 3. Key Financial Figures 4. Management Report 5. Consolidated Statements of Operations (IFRS) 9
9-Months Report 2014 Content Letter from the Management Board 3 Key Financial Figures 4 Management Report 5 Consolidated Statements of Operations (IFRS) 9 Consolidated Statement of Comprehensive Income
More informationQuarterly Report 2016. January 1 March 31
Quarterly Report 2016 January 1 March 31 Key Figures in million 3M / 2016 3M / 2015 Change Business development Order entry 30.1 28.5 5.6% Order backlog as of March 31 118.8 78.8 50.8% Total sales 27.6
More informationInterim Report 2014 January - June
Interim Report 2014 January - June Letter to the shareholders Interim Report Jan Jun 2014 RIB Software AG Dear Shareholders, The Chinese Year of the Horse has met the high expectations placed on it within
More informationOverview of Business Results for the 2nd Quarter of Fiscal Year Ending March 31, 2012 (2Q FY2011)
November 8, 2011 Overview of Business Results for the 2nd Quarter of Fiscal Year Ending March 31, 2012 () Name of the company: Iwatani Corporation Share traded: TSE, OSE, and NSE first sections Company
More informationHow To Calculate Earnings In Euro
3 MONTH REPORT AS AT 31 DECEMBER 2014 KEY FIGURES IFRS in KEUR 10/2014 12/2014 10/2013 12/2013 Difference in % Earnings situation Sales revenues 61,403 56,296 5,107 9% EBITDA 7,159 5,901 1,258 21% EBITDA
More informationInterim report as at 30 September 2014
Interim report as at 30 September 2014 Fielmann increases unit sales, revenue and profit Result registers significant growth in the 3 rd quarter of 2014 Fielmann trains more than 2,900 opticians Fielmann
More information2015 Quarterly Report II
2015 Quarterly Report II 2 Key data Eckert & Ziegler 01 06/2015 01 06/2014 Change Sales million 69.0 61.9 + 11 % Return on revenue before tax % 16 % 9 % + 87 % EBITDA million 15.6 9.7 + 61 % EBIT million
More informationINTERIM REPORT 30 JUNE
Q2 2015 INTERIM REPORT 30 JUNE 2015 KEY FIGURES 2 Group key figures Q2 AT A GLANCE in million Apr. 1 - Jun. 30, 2015 Apr. 1 - Jun. 30, 2014 Changes Sales revenues 232.3 186.5 24.6% Gross profit 66.1 60.7
More informationSemiannual Report of FJA AG
www.fja.com Semiannual Report of FJA AG 01.01.2008-30.06.2008 Contact FJA AG Elsenheimerstrasse 65 80687 Munich GERMANY Investor Relations Phone: + 49 89 76901-274 or -7002 Fax: + 49 89 7698813 Email:
More informationQuarterly Report II/2004
Quarterly Report II/ Foreword Group management report Dear Shareholders, Result of operations Stagnating share prices and declining trading volumes dominated the German stock exchanges in Q2. The hike
More information