euro adhoc: Heiler Software AG / Quarterly or Semiannual Financial Statements / Heiler Software Publishes its Figures for Q1 2003/04 (E)

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Stuttgart, 12 February 2004 - Heiler Software AG, one of the leading suppliers of electronic product information solutions and catalog management systems, today publishes its results for Q1
to 31 December 2003.

At EUR 1.3 million, consolidated sales in Q1 2003/04 were, as expected, below the previous year's healthy figure of EUR 2.2 million. However, this was a considerable improvement on the three preceding quarters. Earnings before interest and tax (EBIT) amounted to EUR -0.7 million in Q1 2003/04 after EUR 0.3 million in Q1 2002/03 and EUR -1.0 million in the previous quarter.

As at 31 December 2003, equity amounted to EUR 22.7 million (which equates to 96% of the balance sheet total) and liquid funds amounted to EUR 18.5 million. Heiler Software AG thus continues to enjoy an extremely healthy financial situation.

The business situation developed positively, due amongst other things to the order for construction and operation of the largest purchasing platform for car dealers in America. This resulted in a further improvement in the volume of orders on hand which by the end of the quarter reached its highest level since our IPO in November 2000.

Further information is available 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