The BRAIN FORCE group confirms the preliminary results on the second quarter 2007 (ending on June 30, 2007) which were announced on August 17, 2007:
|
million EUR |
01.04.06-
30.06.06 |
01.04.07-
30.06.07 |
01.01.06-
30.06.06 |
01.01.07-
30.06.07 |
| Net Sales |
20.8 |
24.2 |
42.9 |
47.7 |
| EBITDA |
1.3 |
0.9 |
3.3 |
1.3 |
| EBIT |
0.4 |
-10.1 |
1.6 |
-10.7 |
|
Result relating
to the period |
1.2 |
-9.5 |
1.9 |
-10.7 |
| EPS (EUR) |
0.15 |
-0.70 |
Although EBITDA has marginally recovered in the second quarter, the product sales and the associated project business in the technology and infrastructure sectors in Germany were far behind expectations.
This development leads to value adjustments of 9.3 M. EUR relating to BRAIN FORCE B.V., Netherlands, BRAIN FORCE Frankfurt GmbH and BRAIN FORCE Software GmbH, both in Germany. While the value adjustment relates exclusively to the technology and infrastructure sectors, Enterprise Services including Managed Services and Business Solutions including BRAIN FORCE FINAS Suite solutions are not affected.
The equity ratio as per June 30, 2007 is 46 percent. Liquid assets available at short term come up to 15.3 M. EUR. As of the reference date the company group has no net indebtedness.
The report for the first half year 2007 was published today on www.brainforce.com in the Investor relations section.