euro adhoc: Heiler Software AG / Heiler Software reports preliminary figures for fiscal 2002/2003 (E)

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  • Sales revenues up slightly to Euro 4.73 million
  • EBIT improved by Euro 0.53 million and net cash flow by Euro 1.28 million
  • High levels of liquidity and shareholders' equity

Stuttgart, October 12, 2003 - In spite of a difficult economic climate overall, the preliminary consolidated IAS figures for
fiscal 2002/2003 (to September 30, 2003) indicate that sales revenues at Heiler Software AG rose slightly to Euro 4.73
million (prior year: Euro 4.69 million). Cost-cutting measures improved consolidated earnings before interest and taxes (EBIT)
from Euro 3.24 million to Euro 2.71 million. The net loss
for the year shrank from Euro 2.32 million to Euro 1.79 million, equivalent to earnings per share of Euro -0.16 (prior year:
Euro -0.21).

Strict receivables management helped raise net cash flow by Euro 1.28 million to Euro 1.61 million, a faster improvement than for EBIT. At fiscal year-end, cash and cash equivalents stood at Euro 19.28 million (prior year: Euro 20.89 million) and shareholders' equity at Euro 23.24 million, or 96% of total assets (prior year: Euro 25.00 million/94% of total assets). Heiler Software AG thus retains an extremely stable assets and financial position.
The finalized figures will be published together with the annual report for fiscal 2002/2003 on December 18, 2003.

For more information, please visit us on the Internet at

Further inquiry note:
Constanze Hay
Tel.: +49 (0)711 13984150
Tel: +49 (0)711 13984150
FAX: +49 (0)711 13984510

Emittent: Heiler Software AG Mittlerer Pfad 5 DE-70499 Stuttgart Tel: +49 (0)711 13984150 FAX: +49 (0)711 13984510 Email: WWW: ISIN: DE0005429906 WKN: 542990

end of announcement euro adhoc

Indizes: CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen: regulated dealing Frankfurter Wertpapierbörse; free trade Niedersächsische Börse zu Hannover, Berliner Wertpapierbörse, Bayerische Börse, Hamburger Wertpapierbörse, Bremer Wertpapierbörse (BWB), Börse Düsseldorf, Baden-Württembergische Wertpapierbörse Branche: Software
Sprache: Englisch