Press release BoxID: 269734 (COMPAREX AG)
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  • 04329 Leipzig
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  • Kathrin Sieber
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PC-WARE - Preliminary results 2008/9: strong growth in challenging times

(PresseBox) (Leipzig, ) .
- Business volume: EUR 1,133.6 million (+16.3% y.o.y.)
- Revenue: EUR 890.3 million (+14.7% y.o.y.)
- Gross profit: EUR 141.5 million (+15.8% y.o.y.)
- Gross profit margin: 15.9% (prev. year: 15.7%)
- EBITDA: EUR 18.2 million (+6.2% y.o.y.)
- EBT: EUR 12.1 million (-3.7% y.o.y.)'
- Net profit for the period: EUR 8.7 million (+0.4% y.o.y.)

PC-WARE, one of Europe's leading ICT solution providers, succeeded in maintaining its growth momentum during the 2008/9 financial year. Operating within a recessionary environment, prelimi-nary figures point to significant growth in Group revenue by 14.7% to EUR 890.3 million. The trend towards a higher proportion of Microsoft Enterprise Agreements - a type of contractual agreement that contributes to the overall volume of business but does not involve revenues being recognised and reported by the Group - con-tinued, as a result of which PC-WARE recorded business volume of around EUR 1.1 billion (+16.3% y.o.y.) and thus succeeded in further extending its strong market position in Europe.

Growth was driven by both business segments during the 2008/9 financial year, with "Value Business" ex-panding at a more pronounced rate of 31.2%. Buoyed in particular by software licensing business, the "Vol-ume Business" segment also developed well and grew by 10.6%.

Gross profit rose slightly faster in relation to revenue by 15.8% to EUR 141.5 million, while EBITDA grew at a slightly slower rate of 6.2% to EUR 18.2 million. It thus lies within the range targeted at the beginning of the financial year.

As regards earnings before interest and taxes (EBIT), the Group recorded growth of 3.3% year on year to EUR 12.9 million. Earnings before taxes (EBT) contracted slightly by 3.7% to EUR 12.1 million.

Net profit (after minority interests) for the 2008/9 financial year stood at EUR 8.7 million, up 0.4% on last year's figure of EUR 8.6 million.

In line with the policy of maintaining consistent dividends, the Management Board of PC-WARE plans to pro-pose to the Supervisory Board a dividend payment of EUR 0.65 per share (based on the current status of year-end reporting).

The definitive results and the audited consolidated financial statements will be presented by the Management Board on 30 June 2009 at a press conference and analysts' meeting to be held in Leipzig/Germany. The documents will be published on the corporate website.

WKN: 691090; ISIN: DE0006910904; Index: CDAX, Prime All Share, TECH All Share, GEX; Listed: Regulated Market of the Frankfurt Securities Exchange, Prime Standard of the Frankfurt Securities Exchange, Regulated Unofficial Market (Freiverkehr) of the Berlin Bre-men Exchange, Regulated Unofficial Market (Freiverkehr) of the Düsseldorf Exchange, Regulated Unofficial Market (Freiverkehr) of the Stock Exchange of Lower Saxony Hanover, Regulated Unofficial Market (Freiverkehr) of the Stuttgart Exchange;