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PC-WARE: Preliminary results for 2009/10 meet expectations of Management Board
- Revenue: EUR 826,2 million (-7,2% y.o.y.)
- Gross profit: EUR 131,1 million (-7,4% y.o.y.)
- EBITDA: EUR 23,4 million (+29,1% y.o.y.)
- EBIT: EUR 0,3 million (-97,4% y.o.y.)
- EBT: EUR 0,2 million (-98,0% y.o.y.)
For the PC-WARE Group, fiscal 2009/10 was a year dominated by corporate restructuring, the aim being to focus the Group on its core competencies and establish a suitable foundation for earnings growth. The process of realignment was accompanied by a number of exceptional factors, both positive and negative, which, as anticipated, are reflected in the company's key profit indicators for the 2009/10 financial year. Despite these circumstances and challenging economic conditions at an international level, the company was able to achieve a satisfactory result.
The preliminary figures are unaudited and have yet to be approved by the Supervisory Board. The consolidated financial statements containing the audited financial results are scheduled for the end of July 2010. As regards the 2010/11 financial year, the Management Board expects a tangible improvement in earnings as a result of corporate realignment performed for the Group.
In order to be able to apply expansion more extensively in support of the Group's progressive growth during fiscal 2010/11, the Management Board of PC-Ware Information Technologies AG, Leipzig, today took the unanimous decision to increase the company's share capital by up to EUR 1,842,936, from at present EUR 8,342,335 to EUR 10,185,271, thereby availing itself in part of the authorisation granted by the General Meeting of Shareholders on 27 August 2009 with the approval of the Supervisory Board.
The up to 1,842,936 new shares to be issued will be offered to shareholders by equitnet AG, on the basis of an indirect right to subscribe, at a price of EUR 19,50 per new share in a ratio of 9 to 2. The subscription period for the new shares is scheduled to commence on 28 June 2010 and end on 13 July 2010. The subscription offer applies solely to shareholders of PC-Ware Information Technologies AG. There are no plans for rights trading. The new shares will be entitled to dividends as from 1 April 2010. Further details are outlined in the subscription offer, which is scheduled for publication on 25 June 2010 in the electronic Federal Gazette and the Frankfurter Allgemeine Zeitung. The maximum proceeds of the issue of up to EUR 35,937,252 are to be used by the company for the purpose of financing corporate growths.
This document shall constitute neither an offer to sell securities nor a solicitation of an offer to purchase securities in the United States of America or in other jurisdictions in which such actions may be subject to restrictions. The offer or sale of securities in the United States of America is prohibited, unless they are registered or are exempted from registration under the provisions of the US Securities Act of 1933 in the latest amended version (the "Securities Act"). The securities of PC-Ware Information Technologies AG which are referred to in this document have not been and will not be registered pursuant to the Securities Act and are neither offered nor sold in the United States of America if an exception from the obligation to register has not been granted. No public offer shall be made in the United States of America or in any other jurisdiction.
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