18th Feb 2008 08:41
eServGlobal Limited18 February 2008 eServGlobal Announces First Half Results, Revenue & Profit Growth. Sydney 18 February, 2008 eServGlobal Limited (LSE: ESG & ASX: ESV), a worldwide supplier of independentand flexible telecommunications Value Added Services for Messaging and Chargingsolutions, today announced its results for the six months ending 31 December2007. Sales revenue for the first half was $91.2 million, compared with $74.2 millionfor the previous corresponding period, representing growth of 23%. EBITDA was$13.19 million, a growth of 46% and a margin of 14.5% of revenue, compared to12% in 2006. AUD Six months to 31 Six months to 31 Growth Dec 2007 Dec 2006 Sales Revenue 91,194 74,202 23% Cost of Sales 43,572 39,389 Gross Profit 47,622 34,813 Other Revenue 121 3 Research & Development Costs 14,622 8,413 Sales & Marketing Costs 8,176 6,579 Administration Costs 11,753 10,802 Total Opex 34,551 25,794 EBITDA 13,192 9,022 46% Depreciation 1,492 1,157 Amortisation 3,411 3,523 EBIT 8,289 4,342 91% Interest Expense 169 133 Profit before Tax 8,120 4,209 Tax Expense / (Benefit) 2,875 1,942 Profit after tax 5,245 2,267 131% Minority Interest 51 64 Profit attributable to members 5,194 2,203 136% Net Cash reserves at the half year were $2.613 million ($3.326 million at 31Dec, 2006). Mr Ian Buddery, Executive Chairman, said: "eServGlobal has again produced anexcellent first half result, ahead of our plan and with significant growth fromthe corresponding period last year. I am also particularly pleased to note theEBITDA margin performance of 14.5%, which reflects the success of our strategyto improve efficiency. Our cash result was below forecast and further businessprocess improvements are in progress. The cash balance is forecast to reach$13million by 30 June 2008." "Our sales growth was the result of the strong demand for our advanced chargingand messaging solutions for mobile operators worldwide. Many of our customersexperienced record transaction volumes during the half and expect continuinggrowth in subscriber numbers and services activity throughout 2008." About eServGlobal eServGlobal (LSE: ESG & ASX: ESV) invents smart communication and paymentsolutions for telecommunications service providers operating on all generationnetworks. eServGlobal's innovative solutions help service providers to grow new revenues,reduce churn, and lower costs. In addition, service providers are assured ofseamless evolution to new network architectures, such as IMS and beyond. As payment is crucial, eServGlobal's Charging Suite responds to increasinglysophisticated charging and billing challenges while providing advanced rechargeand m-payment solutions. The innovative Retention Suite delivers targetedincentives to increase customer satisfaction and retention. Meeting customerdemand for new communication experiences, the eServGlobal Messaging Suiteenables reliable delivery of multimedia services such as unified messaging,video blog, SMS, and instant messaging. The Network Suite supplies enhancedpersonalisation and network optimisation. Over 80 of the world's leading service providers, with over 400 million mobilesubscribers in more than 50 countries, are taking advantage of eServGlobal'send-to-end solutions and expertise to quickly deliver revenue-generatingservices. With 14 offices around the world and staff from 20 differentcountries, we provide flexible solutions with ongoing product development, basedon a deep understanding of our customers' challenges. Paste the following link into your web browser to download the PDF document related to this announcement: http://www.rns-pdf.londonstockexchange.com/rns/1765o_-2008-2-18.pdf eServGlobal is listed on the Australian Stock Exchange (ASX: ESV) and the LondonStock Exchange AIM market (LSE: ESG). More information can be found at: www.eservglobal.com Ian Buddery David PoutneyExecutive Chairman Numis Securities Limited (NOMAD)eServGlobal Limited Tel: +44 (0)20 7260 1000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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