Product category:
Enterprise Resource Planning software (ERP)
News Release from: ABAS Software AG
Edited by the Manufacturingtalk Editorial
Team on 03 August 2005
ABAS Software AG 11 % increase in sales
in 2004
The overall performance of the Karlsruhe software manufacturer, ABAS rose by 11 % to EUR 7,802,000 in 2004.
On July 15, 2005 the shareholders, the CEO and the Supervisory Board of ABAS Software AG met for the shareholders' meeting in the Renaissance Hotel, Karlsruhe Chairman of the Supervisory Board, Peter Walser, and Chairman of the Executive Board, Werner Strub, reported on the business trend of ABAS Software AG to the shareholders which were present
This article was originally published on Manufacturingtalk on 2 Mar 2004 at 8.00am (UK)
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2004 was a difficult year for the IT industry: it was characterized by recession and medium-sized businesses showed only a slightly increased willingness to invest.
Despite this trend, ABAS saw a strong growth in sales revenue, sales figures and profit in the competitive ERP market.
The overall performance of the Karlsruhe software manufacturer rose by 11 % to EUR 7,802,000 in 2004.
Further reading
Web applications integrated in ERP system
In the ERP solutions abas ERP and abas Trade manifold web applications are now available.
Evolutionary system technology
Evolutionary system technology has flexibility but retains full upgradeability
The annual net profit even rose by 50%.
The equity capital rose to EUR 2,659,000.
The equity capital amounts to a lofty 72% of the balance sheet total.
In comparison: medium-sized business' in Germany have an average equity capital of only 18%.
On the basis of excellent liquidity, ABAS is financially independent and finances itself using its own resources.
Confidence in the Board of Management and the Board of Directors was unanimously confirmed in the shareholders' meeting for 2004.
The annual shareholders' meeting approved a dividend as follows: 4% on the common shares and 8% on the preferred shares.
ABAS will continue to develop its abas Business Software in the technology region Karlsruhe, in Germany.
The software has been a great success worldwide.
abas Business Software stands for quality, competence, innovation, modern technology, service and a high level of customer satisfaction.
Werner Strub, CEO, expanded on the company outlook: "ABAS is setting the course for healthy growth in the future.
Elemental development solutions of abas Business Software, as for instance the eBusiness and automotive components, find a ready market and the evolutionary system approach guarantees above average customer satisfaction.
The abas Business Software is represented worldwide in 21 countries.
The international sales partner network will also be expanded in 2005.
The part of new installations abroad will exceed the 25% mark for the first time in 2005.
ERP software using Linux is now more important than ever on the IT market.
The ABAS customers and ABAS themselves profit hugely from this expanding area.
The level of prominence of ABAS has increased substantially in the past years.
In the first six months of 2005 there has been a distinct increase in the incoming orders and, compared to 2004, it was also possible to enhance the overall performance.
We anticipate a further increase in comparison to last year when we have the 2005 trading results.
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