BRAIN FORCE Group
28.08.2006 08:34
Ad-hoc: BRAIN FORCE HOLDING AG confirms an excellent half yearly result
The BRAIN FORCE group confirms preliminary figures for the first half year 2006 (closed on June 30, 2006) which were published on August 8. They reveal that BRAIN FORCE was able to greatly enhance sales in the first six months as compared with the same period for the previous year, i.e. by 26.7 percent to EUR 42.9 million. EBITDA were considerably increased by 82.5 percent to EUR 3.26 million, and EBIT by 91.7 percent to EUR1.6million. Earnings per share in the first half year 2006 increased five times to EUR 0.15.

Also, the development of operative cash flow should be mentioned: In the reporting period, it rose to EUR 1.91 million and was clearly positive as compared with the previous year (EUR -0.79 million). What is more, due to the share capital issue, the equity ratio grew from 50.5 percent late last year to 62.4 percent. Cash flow and equity ratio thereby form a sound basis for continued financing of the buy and build strategy, even without further capital issues taking place.

The report of the first half year 2006 was published today at www.brainforce.com in the "Investor Relations" area.