Business News
Heiler Software with strong growth in revenues and profits in fiscal year 2007/08
Wednesday 24. December 2008 - Heiler Software AG, one of the leading providers of electronic product information solutions and catalogue management systems, increased Group revenues in fiscal year 2007/08 (10/01/2007 - 09/30/2008) from 10.23 million Euro to 12.50 million Euro (+22%) and thereby exceeded the high growth of 18% of the previous year.
All business areas and types of revenue contributed to the growth in revenues. License revenues increased from 3.02 million Euro to 3.29 million Euro (+9%) when compared to the previous year. Maintenance revenues improved from 1.64 million Euro to 1.93 million Euro (+18). ASP- and hosting revenues climbed from 0.88 million Euro to 1.06 million Euro (+20%) and consulting revenue from 4.49 million Euro to 5.95 million Euro (+33%).
Earnings before interest and taxes (EBIT) improved from -0.17 million Euro to 0.32 million Euro. Therewith, the results from operating activities exceeded the break-even level. Earnings before taxes increased from 0.52 million Euro to 0.75 million Euro. Net income increased from 0.78 million Euro to 1.63 million Euro (+109%). This includes a special effect from the adjustment of deferred tax assets of +0.87 million Euro (previous year: 0.15 million Euro). Earnings per share doubled from 0.07 Euro to 0.14 Euro. Thus, Heiler Software not only achieved the highest revenues, but also the best results of its company history.
Cash flows from operating activities improved from -0.69 million Euro by 2.25 million Euro to 1.56 million Euro when compared to the previous year. Liquid funds at fiscal year end amounted to 15.72 million Euro (previous year: 14.44 million Euro) or 1.35 Euro per share (previous year: 1.24 Euro). Shareholders equity increased from 19.26 million Euro to 21.08 million Euro. This equals an unchanged equity ratio of 87% and an equity per share of 1.81 Euro (previous year: 1.66 Euro). Therewith, Heiler Software still maintains an extremely solid asset and financial position.
For the current fiscal year 2008/09, Management expects a low double-digit growth rate – which is clearly above the software industrys expected growth – and a further increase in operating profits.