PRO DV Software AG, IT specialist for process-optimising and geo-based business solutions, achieved according to preliminary calculations in the first half-year term of 2007 a turnover of EUR 4.5 million (half-year term of 2006: EUR 8.5 million). Due to delays of incoming orders of several major projects, licence revenues could not be achieved in the expected amount, and the projects could not yet be started respectively.

The F&E expenses increased to EUR 1.2 million in the reporting period. Non-recurring restructuring expenses burdened the result additionally. Furthermore, the correction of the company’s goodwill led to a non-recurring, non-liquidity-related strain of the result of EUR 1.8 million. The result (EBIT) totalled EUR –5.2 million (half-year term of 2006: 28 EUR ’000).

Although the first half-year term did not proceed satisfactorily, the sales perspectives for the second half-year term are improving, and due to the restructuring measures, future costs of EUR 1.6 million will be annually reduced additionally. For this reason, we expect a clear improvement of the operational results for the second half year.

The half-year financial report is available for download from August 14^th, 2007.