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Beta Systems again raises revenues and the result at the end of the first nine months of 2008

Geschrieben am 30-10-2008

- At the end of the first nine months of 2008, Beta Systems had
raised EBIT by 13.9% and earnings before interest, tax, depreciation
and amortization (EBITDA) by 10.3%
- Earnings before tax (EBT) grew
significantly to € 1.1 million, up from € 0.3 million, at the end of
the 2008 nine-month period
- License revenues climb 3.9% at the end
of the 2008 nine-month period
- Total revenues in the third quarter
and at the end of the 2008 nine-month period slightly above the
previous year’s level
- Substantial increase in the cash flow to €
8.4 million, up from € 0.5 million, at the end of the 2008 nine-month
period
- Guidance for the year as a whole affirmed


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stock market

Berlin (euro adhoc) - Berlin, October 30, 2008 - Following on from a
good first half-year in 2008, Beta Systems Software AG (BSS, ISIN
DE0005224406) had improved its results by the end of the 2008
nine-month period for the third quarter in a row, with a slight
increase in revenues. Despite the deteriorating market environment
and the traditionally weaker third quarter, earnings before interest
and tax (EBIT) had risen 13.9% to EUR 0.8 million (Q1-Q3/2007: EUR
0.7 million) and earnings before interest, tax, depreciation and
amortization (EBITDA) by 10.3% to EUR 3.7 million (Q1-Q3/2007: EUR
3.4 million). Particularly notable was the increase in the result
before tax, which climbed to EUR 1.1 million (Q1-Q3/2007: EUR 0.3
million). The result of the period under review, which came in at EUR
0.7 million (Q1-Q3/2007: EUR 0.3 million), was also clearly positive.

At the end of the first nine months of 2008, Beta Systems Software AG
had raised license revenues 3.9% to EUR 17.2 million. In the third
quarter, license revenues fell EUR 0.8 million to EUR 4.4 million in
contrast to total revenues which rose 1.2% to EUR 19.6 million
(Q3/2007: EUR 19.4 million) over the same period and by 1.5% to EUR
62.1 million (Q1-Q3/2007: EUR 61.2 million) at the end of nine
months). In the third quarter of 2008, services revenues came in at
EUR 3.1 million (Q3/2007: EUR 3.2 million) and maintenance revenues
at EUR 10.2 million (Q3/2007: EUR 10.2 million), virtually unchanged
from the previous year´s level. Scanner hardware revenues generated
by new systems, realized as part of customer-oriented total solutions
for hard- and software, rose to EUR 5.0 million in the first nine
months of 2008 (Q1-Q3/2007: EUR 2.4 million). Moreover, the
considerable increase of EUR 7.9 million to EUR 8.4 million in the
cash flow from operating activities (Q1-Q3/2007: EUR 0.5 million),
which rose in tandem with the improved cost and results situation,
was also very satisfactory.

Key Financial Data for the 2008 Nine-month Period at a Glance - EBIT
rises 13.9% to EUR 0.8 million (Q1-Q3/2007: EUR 0.7 million), EBITDA
climbs 10.3% to EUR 3.7 million (Q1-Q3/2007: EUR 3.4 million), and
EBT advances to EUR 1.1 million (Q1-Q3/2007: EUR 0.3 million) -
License revenues climb 3.9% to EUR 17.2 million (Q1-Q3/2007: EUR 16.5
million) - Total revenues advance 1.5% to EUR 62.1 million
(Q1-Q3/2007: EUR 61.2 million) - Service revenues post EUR 10.0
million (Q1-Q3/2007: EUR 10.8 million) - Maintenance revenues fall in
line with expectations to EUR 29.9 million (Q1-Q3/2007: EUR 31.5
million) owing to process of consolidation in banks and data centers
- Hardware revenues generated by new systems, realized as part of
customer-oriented total solutions for hard- and software, rise to EUR
5.0 million, up from EUR 2.4 million - The cash flow from operating
activities climbs sharply to EUR 8.4 million (Q1-Q3/2007: EUR 0.5
million)

Key Financial Data for Q3/2008 at a Glance - EBIT posts EUR 0.2
million (Q3/2007: EUR 0.3 million) - License revenues post EUR 4.4
million (Q3/2007: EUR 5.2 million) - Total revenues advance 1.2% to
EUR 19.6 million (Q3/2007: EUR 19.4 million) - Service revenues come
in at EUR 3.1 million (Q3/2007: EUR 3.2 million) - Maintenance
revenues remain unchanged at EUR 10.2 million (Q3/2007: EUR 10.2
million) - Hardware revenues increase to EUR 1.8 million, up from EUR
0.7 million

Statement by the Management Board Kamyar Niroumand, Chief Executive
Officer of Beta Systems Software AG, commented as follows: "Following
on from a successful first half-year in 2008, we have succeeded in
raising our revenues and result again, despite the tense situation in
the global capital and financial markets. We have felt the first
impact of the crisis in the financial markets on our customer base in
recent weeks. However, making a statement today on what the effects
might be in the future is - and remains - difficult. What cannot be
entirely excluded is the fact that, in the future, there may be
delays or postponements in the placing of orders by our customers who
mostly operate in the banking and insurance sectors. On the other
hand, it is crises such these which have the effect of driving demand
for IT solutions which enable compliance with official rules and
regulations and provide efficient support in the event of mergers.
These software products and solutions are an integral part of Beta
Systems´ product portfolio, which means that this crisis may also
turn out to be an opportunity for Beta Systems."

Gernot Sagl, Chief Financial Officer of Beta Systems Software AG,
added the following: "We succeeded in improving our results despite
the critical situation in the financial markets not least due to
consistent and ongoing cost management. Moreover, the substantial
increase in our cash flow led to a significant reduction in financial
liabilities, with the result that the financial position of the
company has improved again significantly."

Outlook for the Fiscal Year 2008 Although, from today's standpoint,
any statements on the future impact of the financial crisis are
difficult, the Management Board nonetheless currently stands by its
expectations of an improvement in the results as compared with fiscal
2007. With a marginal increase in revenues, it has planned for an
EBIT margin in the upper single-digit range and a double-digit EBITDA
margin. The prerequisite for this is that all three business segments
are profitable. The Management Board continues to assume that the
goals of sustained profit improvement through concentration on
business with software licenses and services, the building up of
customer relationships, above all in the financial services sector
and industry at large, the expansion of the global partner business
and the ongoing implementation of the Beta 4Agility product and sales
strategy will be achieved.

The full report on the third quarter and the first nine months of
2008 will be released on November 4, 2008.

End of the press release

Beta Systems Software AG - Agility Integrated Beta Systems Software
AG Berlin (Prime Standard: BSS, ISIN DE0005224406) develops
high-profile software products and solutions for the secure and
efficient processing of large data volumes. The core businesses of
Beta Systems are document processing as well as IT user management
data processing in data centers and compliance solutions. In
addition, the Beta 4Agility suite offers large companies new
integration products to enhance their agility in IT and business
processes. These products serve to simplify the automation of data
and document processing and enhance the security and performance of
IT.

Beta Systems was founded in 1983, has been a listed company since
1997, and has a workforce of more than 600 employees. The company´s
principal place of business is Berlin. Beta Systems operates through
Centers of Competence in Augsburg, Cologne and Calgary, as well as 18
subsidiaries worldwide and cooperations with numerous partner
companies. With more than 3,000 running installations, it has a
customer base of more than 1,300 major companies from the sectors of
financial services and IT service providers and industry at large in
Germany, Europe and the USA.

More information on the company and its products can be found under
www.betasystems.com.


end of announcement euro adhoc
--------------------------------------------------------------------------------


ots Originaltext: Beta Systems Software AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Contacts:

Company contact:

Beta Systems Software AG

Stefanie Frey

Tel.: +49 (0)30 726 118-171

Fax: +49 (0)30 726 118-800

e-mail: stefanie.frey@betasystems.com



Agency contact:

HBI PR&MarCom GmbH

Alexandra Osmani, Alexandra Janetzko

Tel.: +49 (0)89 99 38 87-0

Fax: +49 (0)89 930 24 45

e-mail: alexandra_osmani@hbi.de; Alexandra_Janetzko@hbi.de

Branche: Software
ISIN: DE0005224406
WKN: 522440
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade


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