Graphisoft’s operating expenses and cost of goods grew modestly in 1998 reflecting the company’s conservative financial management. These results more than offset the effect of depressed building industry in the Asia/Pacific region where revenues were TDM1,328 and TDM2,995 in the last three and six months, representing declines of 39.3% and 14.8% compared to the same periods of 1997. Revenues in the Rest of the World were TDM709 in the first six months of 1998 representing a 55.1% increase compared with last year.
The opening of new Graphisoft offices in Madrid and Dubai lead higher sales in Latin America and Middle East. Sales in Germany continued to show strong growth as the company’s public listing reinforced its reputation in the largest European market, while the largest sales increase was posted in the UK where the company opened its subsidiary only one year ago. European sales also grew to TDM6,842 and TDM12,588 in the last three and six months, representing 42.2% and 32.4% growth compared to same periods last year. Net revenues totaled TDM2,407 and TDM3,851 in the last three and six months respectively, representing 115.9% and 65.1% growth over the same periods last year. Sales growth was particularly strong in North America lead by more aggressive sales and marketing activities and the early adoption of Archicad 6.o.
(1) Figures are in Thousand German Marks. In addition, we shipped the new version 6.o of Archicad two weeks early on June 28 in the US and Australia and on July 27 in Germany.” “We met our revenue and income targets in the second quarter, successfully completed our initial public offering and moved our headquarters to a larger facility. “We’re very pleased with our year-to-date performance and all that we have achieved so far,” states Gábor Bojár, president of Graphisoft. Earnings per share exceeded consensus expectations at DM0.24 for the three months ended Jand DM0.57 for the six months ended June 30, 1998. Operating income totaled TDM2,191 and TDM4,934 for the two periods, representing growth of 33.3% and 37.9% over 1997. Graphisoft (Frankfurt Neuer Markt: GPH) today announced revenues for the three months and six months ended June 30, 1998, of TDM10,474 and TDM20,144 respectively, representing a 27.8% and 27.4% increase over the same periods last year.
Net income per share exceeds consensus expectations. North America and Europe lead sales volume increase.
0 kommentar(er)
