ABAS Software AG holds annual shareholder meeting

Karlsruhe, Jujy 13th, 2009 - On June 19th, 2009 the ABAS Software AG -provider of ERP and eBusiness software - held their annual shareholder meeting. Supervisory board chairman Thomas Frank and CEO Werner Strub gave an account of the company‘s recent performance.

Remarkable growth in sales revenue, sales figures and equity capital
The year 2008 has been successful again for the ABAS Software AG. Sales revenue, sales figures and the equity capital have been considerably increased in comparison to the previous year. A major part of the growth is based on the revenue of software license sales. In countries abroad, ABAS reported a growth of 32% compared to 2007.

The software company’s total sales revenue increased by 7% in 2008 to a total of EUR 10.853k. The result of operations amounts to EUR 1.088k.
ABAS consecutively states profit since the past 15 years. With the given results, the equity capital has been increased once again by 14% to EUR 4.560k. By now, the equity capital contribution to the total assets is 77%. Based on an excellent liquidity, ABAS is self-financed and financially independent. For the year 2008, the management board and the supervisory board have been ratified concordantly. The general meeting agreed on a dividend of 8% on ordinary shares and 12% on preference shares.


Long-term ERP solution
The ABAS Software AG is a global, reliable, long-term planning and long-term operating manufacturer of international business software and premium services for medium sized companies. The company‘s success is based on three essential pillars:

1. Developing and establishing a global network of software partners, which is currently active in 33 different countries.
2. Development of the global abas Business Software. ABAS provides products which are constantly evolving and based on technological standards that are globally accepted and defined. This provides the simplicity and flexibility needed, to adjust to customer specific needs without loosing the product‘s upgradability.
3. Independence, sustainability and economic stability, the ABAS Software AG is your global ERP partner of choice.

The ABAS Software AG is operating profit-oriented on the basis of high equity capital. With the focus on 2009 abas-CEO Werner Strub states, “The abas-Group created the foundation to meet the requirements of sustainable success. This is seen over the course of the actual year 2009, which has been struck by the global financial crisis. While many companies declined, ABAS was able to maintain the high sales figures on the previous year‘s level within the first four months of the actual year.”

Company profile
ABAS Software AG is a leading provider of cost-effective ERP solutions for midsize manufacturers and distributors. More than 2,100 customers have chosen ABAS as their IT specialist and work successfully with the internationally applicable abas Business Software. ABAS, established in 1980 and once characterized by students, has now become a global network of companies. ABAS Software AG in Karlsruhe employs more than 115 people, and together with over 50 abas partners ABAS employs approx. 600 employees worldwide. The abas software partners provide a wide range of services including implementation, customization, hardware and network support. ABAS also provides on-site support and ensures short reaction times and high service quality. International partners in Germany, Austria, Switzerland, Hungary, Romania, Bulgaria, Turkey, the Czech Republic, the Slovak Republic, Poland, Ukraine, the Netherlands, France, Italy, Spain, Jordan, the United Arab Emirates, Saudi Arabia, Iran, Indonesia, India, Sri Lanka, Malaysia, Singapore, Vietnam, Thailand, China, Hong Kong, Australia, Mexico, and the USA represent the ABAS Software AG throughout the world. The partner network is continuously being expanded.

Product profile - abas Business Software
The brand name abas Business Software includes the products abas ERP for production, abas Distribution for distribution, wholesale, and service companies, and the eBusiness solution abas eB. abas Business Software is an ERP & e-business application designed specifically for manufactures in the Assemble-to-Order, Make-to-Order and Engineer-to-Order environment. Our software is priced to fit most budgets while delivering full ERP functionality. It is flexible, adaptable, internationally applicable and a save investment for the future. The clear structure and well thought-out implementation strategy of the system enable a short implementation period as well as trouble-free integration into the company structure. New functions and technologies are constantly added to the standard software with each new upgrade. As a result, abas users are always using the most up-to-date product. abas Business Software is currently offered in 28 languages and can be run using Linux, Unix and Windows. ABAS has been a supporter of the open source operating system Linux since 1995. Approximately 80% of over 2,100 abas installations are based in Linux.

abas Business Software - range of services: Sales/sales order processing/shipping, purchasing/purchase order processing, warehouse management, scheduling, logistics, materials management/MRP, production/PPC, financial accounting, fixed asset accounting, cost accounting, controlling, eBusiness, portal, etc.

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.abas-software.com

This release was published on openPR.