While group sales during the first half of 2011 increased by about 27.5% to € 13.4 million (previous year: € 10.5 million), group net income before tax (EBT) and before special write-off amounting to € 888 thousand has been reduced to – € 307 thousand (previous year: – € 6 thousand) owing to a special write-off amounting to € 1.2 million. Group net income according to IFRS therefore amounts to – € 795 thousand.
This special write-off refers to software purchased as part of strategic business unit expansion and which, according to current recognition, will not result in a marketable product.
Owing to the otherwise positive sales and revenue trend, the Management Board currently does not consider correction of revenue forecast for the financial year 2011 to be necessary.
EASY SOFTWARE AG
The Management Board