NASDAQ OMX Copenhagen
Announcement no. 2/2009
Consolidated Financial Statements 2008 - another year of increasing revenue
Maconomy's Board of Directors have today prepared the Consolidated Financial
Statements for 2008. Maconomy achieved revenue of DKK 231.3 million in 2008,
earnings before depreciation (EBITDA) of DKK 9.0 million and profit before
income tax of DKK 1.3 million, which was in line with expectations.
Copenhagen, 27 February 2009. Maconomy's Board of Directors have today prepared
the Consolidated Financial Statements for 2008 and recommend them for approval
at the Annual General Meeting at 29 April 2009.
In 2008 Maconomy achieved a 4% revenue increase from DKK 223.2 million to DKK
231.3 million. Adjusted for exchange rate fluctuations, revenue growth would
have totalled 8%, equalling total revenue of DKK 240 million.
Earnings before depreciation (EBITDA) rose from DKK 7.1 million in 2007 to DKK
9.0 million in 2008.
2008 was the final year of the growth plan “Roadmap for Growth I” 2006-2008,
during which Maconomy doubled its licence revenue, achieved total revenue
growth of 64% and turned losses into profits. Accordingly, the key elements of
the growth plan have been achieved. A new strategy plan with a focus on
European Leadership within ERP for PSO has now been implemented. In light of
the market conditions the Maconomy Management will use the performance in the
first half of 2009 as a yardstick to determine the pace by which Maconomy will
follow its strategic goals.
Management expects revenue of DKK 230 million in 2009 along with earnings
before depreciation (EBITDA) of DKK 15 million.
Hugo Dorph will present the Consolidated Financial Statements via webcast. It
will be available for download on Friday, 27 February 2009 at 4:00 pm on
www.maconomy.com.
Thomas Hartwig Hugo Dorph
Chairman of the Board CEO
Further information about the Consolidated Financial Statements:
• Hugo Dorph, CEO, tel. +45 35 27 24 24
• Klaus Juhl Wulff, CFO, tel. +45 35 27 23 67
About Maconomy A/S (www.maconomy.com)
Maconomy is a global supplier of industry-specific business solutions for PSO
organisations. Maconomy provides services to approx. 600 customers in 50
countries through offices in the U.S. and Europe, and through a comprehensive
partner network. More than 100,000 users worldwide use Maconomy's business
solutions.
This announcement has been prepared in Danish and English. The Danish version
is to be considered the original version for official purposes. In case of any
discrepancy between the two versions, the Danish version shall prevail.
