IDS Scheer AG / Quarter Results/Forecast
22.04.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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IDS Scheer reports preliminary figures on first quarter of 2008
Saarbruecken, April 22, 2008
According to preliminary calculations, IDS Scheer AG will report total
sales for the first quarter of 2008 of around 94.3 million (Q1 2007:
96.0 million). Adjusted for currency translation effects, sales will reach
the previous year's level. The EBITA margin (earnings before interest,
taxes and amortization of intangible assets) will be approximately 4.4% (Q1
2007: 10.8%).
On the basis of the preliminary quarterly figures, the Executive Board has
recognized the need to adjust its forecast for the year and introduce a
package of comprehensive measures. The Executive Board is now forecasting
that the company will generate total sales of at least 400 million at
constant currency rates in fiscal year 2008. For operating profit, an EBITA
margin of between 8% and 9% is now forecast for the full year (previous
forecast for 2008 at constant currency rates: sales growth of at least 6%
year-on-year and an EBITA margin of at least 10%). For the coming years,
IDS Scheer is anticipating steady rises in margins.
In order to achieve its goal of increasing profitability in the long term
and further expand the leading global market position in business process
management, the Executive Board has resolved far-reaching measures. The key
points cover the international organization, sales and marketing
organization, cost structures and product innovations focusing on the
serviceability of ARIS in operating business. At the same time, the company
will be investing in improving its controlling instruments. The
restructuring expenses in the current fiscal year will be in the region of
2 to 4 million and have been taken into account in the above forecast.
As of March 31, 2008, IDS Scheer has increased the consulting order
backlog, particularly in Germany, by 33% as against the end of 2007 to
107 million. This is due to the new value added strategy of 'Improve
Business Performance' that was launched at the beginning of the year. This
positive trend combined with focused product development and the measures
that have been resolved give the Executive Board cause for confidence that
the second quarter will show significant improvements against the first
quarter and that the year-on-year sales and earnings increases will be seen
particularly in the second half of the year, as announced before.
The final figures for the first quarter of 2008 will be published in the
form of the full interim report on May 8, 2008.
Note to journalists and analysts:
The following conference calls will be held on Wednesday, April 23, 2008,
to allow the CEO and President, Thomas Volk, and the CFO, Jörg Vandreier,
to comment on these figures:
10:00 am (CET): Press conference call (in German)
11:00 am (CET): Conference call for analysts and investors (in English)
The access numbers for the conferences are available on Tel. +49 (0)
681-210-1050 or -3201.
DGAP 22.04.2008
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Language: English
Issuer: IDS Scheer AG
Altenkesseler Straße 17
66115 Saarbrücken
Deutschland
Phone: +49 (0)681 210-1050
Fax: +49 (0)681 210-1231
E-mail: invest@ids-scheer.com
Internet: www.ids-scheer.com
ISIN: DE0006257009
WKN: 625700
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: IDS Scheer AG: Preliminary figures on first quarter of 2008
| Source: EQS Group AG