Revenues and Income

2003
Tsd. EUR

Change

2002
Tsd. EUR

Change

2001
Tsd. EUR

Change

Revenues

55.279

-3%

56.981

1%

56.456

25%

Revenue Consulting

46.756

-3%

48.419

-4%

50.558

28%

Revenue Software

8.523

8.562

45%

5.898

4%

Revenue Germany

21.075

-13%

24.210

-8%

26.235

17%

Revenue Foreign Countries

34.204

4%

32.771

8%

30.221

33%

Earnings Before Interest, Taxes,
Depreciation and Amortization (EBITDA)

4.293

-13%

4.941

-9%

5.418

9%

Earnings Before Interest and Taxes (EBIT)

1.443

-22%

1.853

2%

1.811

-9%

Earnings Before Taxes (EBT)

1.246

-44%

2.215

1.150%

-211

-173%

Net Income

-326

-207%

306

114%

-2.140

-134%

Earnings per share (in EUR)

-0,06

-200%

0,06

114%

-0,42

-133%

Investments and Depreciation

Investments

2.893

-53%

6.123

-295%

3.143

-61%

Depreciation

2.850

-8%

3.088

-51%

6.322

112%

Assets, Stockholders` Equity and Liabilities

Assets

63.546

1%

62.725

-2%

63.910

-1%

Current Assets

45.742

8%

42.343

-3%

43.743

6%

Noncurrent Assets

17.804

-13%

20.382

1%

20.167

-14%

Net cash and cash equivalents

19.960

20%

16.607

6%

15.699

-11%

Shareholders` Equity

44.024

-1%

44.404

1%

44.036

-5%

Current Liabilities

16.454

14%

14.486

-5%

15.272

22%

Noncurrent Liabilities

3.068

-20%

3.835

-17%

4.602

-25%

Key Figures

Gross-Margin (%)

38,1

36,7

33,8

EBITDA-Margin (%)

7,8

8,7

9,6

EBIT-Margin (%)

2,6

3,3

3,2

Cash Flow from Operating Activities

4.366

4.303

781

Cash Flow from Investing Activities

-2.893

-6.123

3.143

Cash Flow from Financing Activities

-801

-780

-775

Equity Ratio (%)

69,3

70,8

68,9

Number of Employees at Year End

595

-6%

632

-1%

640

25%