Business News

Heiler Software releases preliminary figures for fiscal year 2008/09

Tuesday 01. December 2009 - Heiler Software AG, one of the leading providers of electronic product information solutions and catalog management systems, based on preliminary figures, recorded Group sales revenues for fiscal year 2008/09 (10/01/2008 - 09/30/2009) of 11.77 million Euro after 12.50 million Euro in the prior year (-6%). The decrease stems mainly from license- and consulting revenues, which decreased from 3.29 million Euro to 2.36 million Euro (-28%) and from 5.95 million Euro to 5.64 million Euro (-5%), respectively. Contrary, maintenance revenues increased from 1.93 million Euro to 2.40 million Euro (+24%) and ASP-/Hosting revenues increased from 1.06 million Euro to 1.13 million Euro (+7%).

Earnings before financial result and income taxes (EBIT), based on preliminary figures, decreased in fiscal year 2008/09 due to the decrease in sales revenues and a slight increase in costs from 0.32 million Euro in the prior year to -0.72 million Euro. Included are negative special effects of 0.49 million Euro. Interest income decreased mainly due to the decreased market interest levels from 0.64 million Euro to 0.37 million Euro. Accordingly, earnings before income taxes decreased from 0.75 million Euro to -0.35 million Euro. Net income for the Group decreased from 1.63 million Euro in the prior year to -0.74 million Euro for fiscal year 2008/09. Included is a negative, non-cash-affecting special effect from the adjustment of deferred tax assets of -0.35 million Euro (prior year: +0.87 million Euro). Adjusted for one-time special effects, net income amounted to 0.10 million Euro (prior year: 0.76 million Euro). Earnings per share decreased in the just ended fiscal year from 0.14 Euro to -0.06 Euro.

Liquid funds at fiscal year end amounted to 14.96 million Euro (prior year: 15.72 million Euro) or 1.29 Euro per share (prior year: 1.35 Euro) and shareholders’ equity amounted to 20.25 million Euro (prior year: 21.08 million Euro). This still represents 87% of total assets. Therefore, Heiler Software still sustains a very solid asset and financial position.

For the current fiscal year 2009/10 Management expects a one-digit growth rate as well as a positive result and for fiscal year 2010/11 a return to low double-digit growth rates with corresponding increases in results and margins.

Final figures will be published in the annual report for fiscal year 2008/09 at December 16, 2009.