nextevolution AG
nextevolution AG releases Annual Report 2008
nextevolution AG / Final Results Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- +++ Revenues rose from 26.9 million euro by 21 percent up to 32.5 million euro +++ Non-capitalization of Software development costs and risk provision affect result +++ Broad enlargement of the customer basis +++ Market position and service portfolio built firm basis for further growth with sustainable rentability Hamburg / Mainz, March, 31, 2009: nextevolution AG (ISIN DE000A0JC0A2 / Prime Standard) released its annual report 2008 today. Hereafter, the revenues rose by 21 percent from 26.9 million euro up to 32.5 million euro. EBITDA was affected by special items from the non-capitalization of software development costs and a conservative accounting within the economic environment and could not follow the trend from the previous year. EBITDA amounted as of 31.12.2008 -1,395 TEUR (previous year: 1,948 TEUR). The period result after minority shareholders amounted as of balance sheet day -3,697 TEUR (previous year: 28 TEUR). With a balance sheet total of 16,310 TEUR the equity ratio amounted 20.5 percent (previous year: balance sheet total 21,482 TEUR / equity ratio 31.3 percent) at the end of the business year 2008. The operational development of the company was mainly affected by inconsistent revenues trends in the segment 'Content Management Solutions'. As revenues in the environment of the softwareplatform SAP developed positively, the revenues in the environment of the softwareplatform IBM underachieved. Especially positive was the development of the new segment 'Enterprise Infrastructure Solutions', established in May 2008, that approximately contributed 3.3 million euro to the group revenues and despite start-up costs a positive contribution to the operating profit. The EBITDA development was especially affected by the non-capitalization of the software development costs in the amount of approximately two million euro. In addition, the company used conservative accounting in order to accomodate the current economic environment. To anticipate future potential risks now, nextevolution arranged specific provisions on receivables and an adjustment of the inventorys concerning the expected investment climate. These positions affected the result by another 0.8 million Euro. In addition the absence of a part of the revenues from license and a shift of revenues affected the result by approximately one million euro, as stated within the nine-months-figures 2008. These effects lead to a negative EBITDA in the amount of 1.4 million euro. nextevolution AG broadens its business volume in the reporting period by being strongly involved into the subsequent and new projects of existing customers in other application fields as well as the acquisition of new IT-projects and strengthens the market position hereby again. Successful project acquisitions with renowned companies like ADAC Allgemeiner Deutscher Automobilclub, Basler Versicherungen AG and Deutsche Post AG emphasize the high expertise in the ancestral market. Also successful proceeds the acquisition of new customers within the industry focus. In the segments 'Real Estate Management' and 'Broadcasting' nextevolution acquiered among others projects with Deutsche Annington AG, Bayerischer Rundfunk, ProSieben/Sat.1, DSF Deutsches Sportfernsehen and RTL 2. More over, the company strengthens its market position by rounding the business spectrum by the segment 'Enterprise Infrastructure Solutions' and the development of own software applications. This enables nextevolution to meet the requirements of the market in the future more specific and give the customers a more comprehensive advise. For the expansion of nextevolution's market position, the company will continue to focus on the development of and specialization in attractive niche markets in the future to expand the business volume and to increase the profitability in a sustainable manner. With the current corporate and customer structure and the further development of the performance portfolio, nextevolution believes to be perfectly positioned in the IT market for this purpose. However, the massive disruptions of the financial markets and the generally uncertain economic situation make it difficult to make any accurate predictions about future sales and earnings. Until now, the crisis has not significantly affected the operational business and no major effects were felt with respect to the intended course of business. However, if the customers also experience economy-related investment stops and postponements, the growth dynamics of nextevolution AG would be dampened significantly. The Annual Report 2008 is available under www.nextevolution.de. The Management Board Investor Relations contact: GFEI mbH Hamburger Allee 26-28 Germany - 60486 Frankfurt am Main T: +49 / 69 / 743 037 00 F: +49 / 69 / 743 037 22 www.gfei.de nextevolution@gfei.de Company contact: nextevolution AG Robert-Koch-Straße 41 Germany - 55129 Mainz T: +49 / 61 31 / 914 200 F: +49 / 61 31 / 914 222 www.nextevolution.de unternehmensinformation@nextevolution.de About nextevolution: nextevolution group, including its subsidiaries BGS AG and CEO AG, performs IT-Consulting and systems integration in the German-speaking area. With the service focus on 'Content Management Solutions', 'Portal based Business Solutions' as well as 'Enterprise Infrastructure Solutions', nextevolution generates innovative business solutions for medium-sized companies and largesized companies and the public sector. nextevolution group offers an integrated service offer, that covers the life cycle of a business solution from the conceptual consulting over the implementation up to the support during the utilisation phase. This approach supports the consistent and efficient provision of the service process for the use of the customer. Contact: nextevolution AG Robert Koch-Straße 41 55129 Mainz T: +49 6131 914 200 F: +49 6131 914 222 unternehmensinformation@nextevolution.de www.nextevolution.de 31.03.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: nextevolution AG Robert-Koch-Straße 41 55129 Mainz Deutschland Phone: +49 (0)61 31 / 914 202 Fax: +49 (0)61 31 / 914 222 E-mail: unternehmensinformation@nextevolution.de Internet: www.nextevolution.de ISIN: DE000A0JC0A2 WKN: A0JC0A Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart, München, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
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