ABAS Software AG Annual Shareholders’ Meeting

On June 6, 2008, Supervisory Board Chairman, Thomas Frank, and CEO Werner Strub reported on business developments at the Annual Shareholders’ Meeting of ABAS Software AG.

Growth in Sales Revenue, Sales Figures and Equity Capital

The year 2007 was another very successful year for ABAS Software AG in Karlsruhe, Germany. Sales revenue, sales figures and equity figures grew significantly as compared to the previous year. Income from software licenses played an especially large role in this growth. Abroad, ABAS posted growth of 13% as compared to 2006.

Overall performance by this Karlsruhe software provider went up by 10.8% to EUR 10.142 million. The operating result was EUR 796,000 resulting in ABAS having posted a profit every year for the past 14 years, also making it possible to increase equity by 8% to EUR 4.006 million in 2007. The equity share of total assets is now a proud 74%. Thanks to its excellent liquidity ABAS is financially independent and finances itself using its own resources. The Shareholders’ Meeting unanimously approved the actions of the Managing Board and the Supervisory Board for the year 2007. The Shareholders’ Meeting approved the distribution of a dividend of 16% on common shares and 20% on preferred shares.

International Success Made in Germany

ABAS Software AG develops abas Business Software exclusively in Germany’s Technology Region Karlsruhe. abas Business Software is represented by a network of certified partners in 30 countries, and internationally it enjoys a leading position among medium-sized software providers. abas Business Software, in great demand and extremely successful worldwide, stands for quality, expertise, innovation, leading-edge technology, service and the highest level of customer satisfaction. Looking toward 2008, Managing Board Chairman Werner Strub said: “The abas group has established the prerequisites for long-term success. The start of 2008 further demonstrates this. ABAS was again able to achieve increases in earnings during the first four months of the year. Worthy of special emphasis in this connection is the development of foreign markets, where the revenue from licensing again grew significantly during the first four months of 2008. Further strategic developments in abas Business Software, e.g. in the eBusiness, automotive und international version areas, have been extremely well-received in the market, and abas Business Software’s evolutionary systems approach is likewise a guarantee for above-average customer satisfaction and expansion.“

ABAS Software AG
Suedendstr. 42
76135 Karlsruhe/Germany
Tel.: +49 721/9 67 23-0
Fax +49 721/9 67 23-100
info@abas.de
www.abassoftware.com

About ABAS Software AG
Founded in 1980, ABAS provides cost-effective ERP and eBusiness solutions to over 2,000 customers and more than 45,000 users worldwide, with solutions offered in 28 languages. ABAS was named number one in customer satisfaction in the ERP 2007, 2005, 2003, and 2002 studies published by the Konradin Group. ABAS ranked first in price/performance ratio, functional fit, stability, ease of use and upgrades. The study shows that the package requires a third less time to implement and a total investment well under the ERP average. The brand name abas Business Software (ERP, PPC, MRP, eBusiness) runs on Linux, Unix and Windows. Approximately 80% of all installations to-date are Linux-based. ABAS is headquartered in Karlsruhe, Germany and sells its software worldwide through its partner network. For more information, visit: www.abassoftware.com

This release was published on openPR.