ShareholdersÂ’ Meeting 2003 - ABAS Software AG: Making a Profit for the ninth Year running
On July 18, 2003 the shareholders, the CEO and the Supervisory Board of ABAS Software AG met for the shareholders' meeting in the Renaissance Hotel, Karlsruhe / Germany. 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.
(PRWEB) October 3, 2003
Making Profits in 2002 - a slow year for ERP
2002 has been a difficult year for the IT industry, being affected by recession and a decrease in investments. Despite this and a decrease in turnover, ABAS (www. abas. de) has managed to come out of the red for a ninth year running. Although this was a more moderate income than in previous years, it demonstrates careful cost management. The overall performance of the Karlsruhe software manufacturer was kEUR 5,928 in 2002, in comparison to kEUR 6,864 in 2001. The resulting figure from ordinary operations was kEUR 18. The equity capital at kEUR 2,506 remained almost unchanged when compared to 2001. The equity capital amounts to 80% of the balance sheet total. In comparison: medium-sized businessÂ’ 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. The Board of Management and the Board of Directors left the shareholdersÂ’ meeting in 2002 after having made a unanimous decision. The annual shareholders' meeting approved a distribution of company profits as follows: 4 % for the common shares and 8 % for the preferred shares. The basis for valuation for the distribution is the nominal value of the share.
Continued Success with the Software Partner Network
A network of software partners is responsible for the sale of ABAS products. This method of sales proved very successful – for all parties involved. There were good results in the German speaking area, and also Spain and Hungary, during the reporting period. The expansion abroad in 2002 has certainly paid off, and will continue in the year 2003. It is because of this that ABAS was able to win over software partners in the expanding Asia-Pacific region in countries, such as Indonesia, Malaysia, Hong Kong, Thailand, China and Australia in 2003. The abas Partner Network also expanded in Europe and North America. Qualified abas Software Partners are responsible for distribution and sales, support and service for abas Business Software in the Czech Republic, Slovenia, Bulgaria, the Netherlands and Canada. Software partnerships in more countries are being planned. International software license turnover is already 15% and is increasing steadily. There is also the positive aspect of the company becoming gradually more independent of the domestic market.
Substantial Growth
Werner Strub, CEO, expanded on the company outlook: „ABAS is setting the course for healthy growth in the future. Elementary developments of abas Business Software, such as ERP web applications, are being increasingly demanded on the market. ERP software on 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. abas Business Software stands for quality, competence, innovation, modern technology, service and a high level of customer satisfaction. In the first 6 months of 2003 there has been a distinct increase in the incoming orders compared to the first 6 months of 2002: 65% more software licenses for workstations were sold. We anticipate a further increase in comparison to last year when we have the 2003 trading results.
ABAS Software AG – Company Profile
More than 1,400 customers have opted for ABAS as their IT specialist and for the integrated abas Business Software which has become one of the most successful ERP programs on the international market during the past years. ABAS’ customer list includes leading small to mid-sized companies from various industries. The list includes such well-known enterprises as Würth Elektronik, Dortmunder Westfalenhallen, Mafell, Robbe, Lufthansa LEOS and HOMA pumpenfabrik.
Customer service is very important at ABAS Software AG. A professional network of over 400 organizational and application consultants in the IT industry provides the backbone of ABAS Software AG’s customer service. abas Software Partners deliver on-site customer care and provide a full range of services – from implementation to hardware and network support to customization and a help desk. Approximately 40 partners ensure fast reaction times and high quality. International partners in Australia, Austria, Bulgaria, France, Germany, Hungary, Hong Kong, Indonesia, Malaysia, Poland, Romania, Slovenia, Spain, Switzerland, Thailand and the USA represent ABAS Software AG throughout the world. Our list of partners is constantly expanding.
Abas Business Software – Product Portrait
Abas Business Software is a flexible, adaptable and future-proof complete business solution (ERP, PPC, MRP, eBusiness) for mid-sized businesses. abas Business Software consists of two components: abas ERP, a flexible ERP standard software, which optimizes business processes within a company, and abas eB, an integrated eBusiness module, which is compatible with a variety of Internet applications.
Abas Business SoftwareÂ’s intelligent construction, and well-thought out strategies enable short implementation times, as well as trouble-free integration into the company structure. Company specific requirements can be seamlessly, and easily integrated into abas ERP. New functions and technologies are constantly added to the standard software. As a result, abas users are always using the most up-to-date product. abas-Business-Software can be used with Linux, Unix and Windows. ABAS has supported the open source operating system Linux since 1995. Approximately 50% of over 1, 400 abas-Installations are Linux-based. abas Business Software will also be available in the front-end-range of Linux from 2003. Linux has proven to be a cost-effective, stable and high-performance system for both servers and clients.
Abas ERP can be employed for: Sales/Sales Order Processing/Shipping, Purchasing/Purchase Orders, Warehouse Management, Scheduling, Logistics, Materials Management/MRP, Production/PPC, Accounting, Fixed-Asset Accounting, Cost Accounting, Controlling, eBusiness, and more...
