The report for first quarter 2005, which was published today, confirms the provisional figures published on 9th May. During the first three months of 2005, the BRAIN FORCE group recorded turnover of EUR 16.44 million (previous year: EUR 15.46 million) and an operating result (EBITDA) of TEUR 884 (previous year: TEUR 766). These figures equate to a 6.4 percent increase in turnover and a 15.4 percent rise in the EBITDA.
During the same period, the EBIT stood at TEUR 411 (previous year: TEUR 406). The EBIT was adversely affected in quarter one by a 31.1 percent rise in the cost of scheduled depreciation compared to the previous year (Q1 2005: TEUR 472; Q1 2004: TEUR 360). Group-internal software products were the main factor behind the rise in the cost of depreciation.
After the first three months, the profit for the period stood at TEUR 200, 30.7 percent above the previous year's value of TEUR 153. The profit for the period after minorities amounted to TEUR 134 (previous year: TEUR 136). This resulted in earnings per share of EUR 0.01. Since the weighted average number of shares in the previous year was 49.0 percent below the value for the current quarter, the earnings per share for first quarter 2004 was EUR 0.03.
Since the figures for the first quarter correspond to forecasts, the Executive Board has reaffirmed its published targets for 2005 (earnings per share of EUR 0.19 with turnover of EUR 70 million on the basis of organic earnings excluding special items).
The report for first quarter 2005 has been published at http://www.brainforce.com/ under 'Investors'.
During the same period, the EBIT stood at TEUR 411 (previous year: TEUR 406). The EBIT was adversely affected in quarter one by a 31.1 percent rise in the cost of scheduled depreciation compared to the previous year (Q1 2005: TEUR 472; Q1 2004: TEUR 360). Group-internal software products were the main factor behind the rise in the cost of depreciation.
After the first three months, the profit for the period stood at TEUR 200, 30.7 percent above the previous year's value of TEUR 153. The profit for the period after minorities amounted to TEUR 134 (previous year: TEUR 136). This resulted in earnings per share of EUR 0.01. Since the weighted average number of shares in the previous year was 49.0 percent below the value for the current quarter, the earnings per share for first quarter 2004 was EUR 0.03.
Since the figures for the first quarter correspond to forecasts, the Executive Board has reaffirmed its published targets for 2005 (earnings per share of EUR 0.19 with turnover of EUR 70 million on the basis of organic earnings excluding special items).
The report for first quarter 2005 has been published at http://www.brainforce.com/ under 'Investors'.