Business News
Heiler Software publishes figures for the 3rd quarter 2008/09
Friday 14. August 2009 - Heiler Software AG, one of the leading providers of electronic product information solutions and catalogue management systems increased consolidated sales revenues in the third quarter of fiscal year 2008/09 (04/01/2009 - 06/30/2009) from 2.98 million Euro to 3.02 million Euro when compared to the preceding second quarter 2008/09.
However, when compared to the remarkably strong third quarter of the prior year sales revenues decreased from 3.59 million Euro by 16%. The decrease compared to the prior year was mainly related to the license- and consulting business. Even though license revenues increased from 0.55 million Euro to 0.76 million Euro by 38% when compared to the preceding quarter, but when compared to the license revenues of 1.21 million Euro of the corresponding quarter of the prior year this means a decrease of 37%. Maintenance revenues increased from 0.49 million Euro to 0.61 million Euro (+24%) and Hosting-/Application Service Providing (ASP)-revenues increased from 0.26 million Euro to 0.30 million Euro (+15%) when compared to the corresponding period of the prior year. Consulting revenues decreased from 1.57 million Euro to 1.29 million Euro (-18%).
Cost of goods sold decreased from 1.45 million Euro to 1.28 million Euro mainly due to lower incurred external consulting services. Operating expenses were reduced from 1.87 million Euro to 1.75 million Euro. Cost savings led in the third quarter 2008/09 to a slight positive earnings before interest and taxes (EBIT) of 0.01 million Euro (prior year: 0.31 million Euro). Earnings before taxes and net income for the third fiscal quarter 2008/09 both decreased from 0.44 million Euro to 0.09 million Euro and 0.06 million Euro, respectively. The decrease mainly stems from a lower EBIT as well as from lower interest income due to the decreasing short-term market interest level.
Liquid funds and shareholders equity increased from 14.15 million Euro to 15.07 million Euro and from 19.90 million Euro to 21.35 million Euro, respectively, when compared to the prior year. Accordingly, equity ratio increased from 87% to 89%.
For the first nine months of the fiscal year consolidated sales revenues remained with 9.24 million Euro slightly below the corresponding 9.46 million Euro of the prior year. Based on this as well as on the continuing worsening of the IT- and software environment, Management adjusts its sales forecast for the current fiscal year and now expects sales revenues at the level of the prior year instead of a one-digit growth and still a positive net income.