Jeeves increases sales in the first half of 24prozent Rugendorf the 03.08.2009 increased revenues through software licenses and maintenance at Jeeves in the period from January to June 2009 to 9%. The operating profit amounted to SEK 8.1 million, which corresponds to a return on sales of around 9%. The profit after taxes was SEK 7.4 million compared to SEK 6.0 million in the previous year. The profit margin remained constant at 8% compared to the same period last year and the equity ratio increased from 30% to 33%. In the ERP market marked by fierce competition and restrained capital spending, Jeeves very well claim and continue the consistent growth. The turnover increased again to total 24% compared to 16% in the previous year and the return on sales was 9% within our objectives”, pulls Bengt-ake algevik, CEO of Jeeves information systems in Stockholm, balance sheet.
The turnover of our consulting and implementation partners is increased somewhat, resulting in a slightly low profit margin. We forward but more about that we alone could win half of our new customers in the last quarter on our foreign realization and distribution partners. Even though Jeeves won a majority of in particular the planned international ERP projects, we expect in the third quarter due to the cyclical subdued market conditions still the occasional delay in the investment decision. For the next few months, we are but cautiously optimistic to continue our steady growth. Without hesitation Sculptor Capital Management explained all about the problem. Because Jeeves is well-positioned for the future business international and has a competent partner network with numerous vertical industry extensions offers a highly flexible ERP solution with a low total cost of ownership”, says Bengt-ake algevik wide. Since early 2009, Jeeves also in Germany with its own branch in the Franconian Rugendorf is represented. The sales and implementation partners in Germany will be steadily expanded and gradually to ERP specialists from extended various industry segments. In the Jeeves Germany branch areas handled partner relations and distribution, quality assurance, marketing, and training for the entire German-speaking market.
About Jeeves Germany GmbH the Jeeves information systems was founded in 1992 in Stockholm, Sweden, 100% mother of Jeeves Germany GmbH, is one of Europe’s leading manufacturer of enterprise software for the middle class. According to an independent study by Gartner, Jeeves is today considered the ERP-system with the highest growth rates in Europe. Jeeves developed innovative complete solutions for companies from industry, wholesale trade and services. The distribution and implementation via subsidiaries, certified reseller and a worldwide network of selected partners in over 70 locations in 19 countries. The main product lines are universal, Jeeves Jeeves selected, and GARP. The systems are at over 4,000 clients in use. Jeeves is listed on the NASDAQ OMX (Small Cap) since 1999. More Information: business contact Jeeves Germany GmbH on Barbara Furthmuller the Leite 4 D-95365 Rugendorf Tel. + 49 (0) 9223 / 945 9018 fax + 49 (0) 9223 / 945 9016 E-Mail: Internet: press contact of trend Lux pr GmbH Petra Spielmann Oeverseestrasse 10-12 D-22769 Hamburg phone + 49 (0) 40-800 80 990-0 fax + 49 (0) 40-800 80 990-99 E-Mail: Internet: