GRAITEC Group News

GRAITEC Group News






08/16/2004

Graitec Group's Interim Half Year Report : 30% revenue growth over same period last year


Bièvres, France - August 10, 2004 - Graitec SA announces record results for the first half of its financial year 2004. Provisional accounts show consolidated turnover of 4,246 million Euros, increasing an impressive 30% compared to the same period in 2003. Net sales for the second quarter were 2,220 million euros, increasing by 41% compared to the same period last year. Operating profit for the first six month of fiscal year 2004 is positive and amounts to 0,184 million euros.

These excellent results, showing both sales growth and increased profit, demonstrate strong market acceptance of our value added solutions and success of our business model. The AutoCAD-based Advance suite of product with its unique integration of multi materials (steel, concrete, aluminum, timber) on one end combined with industry specific detailing on the other gives Graitec customers an unmatched advantage. CAE-products like ARCHE for building simulation or EFFEL for static and dynamic analysis can be used stand alone or seamlessly integrated with the CAD-products.

"Our optimized sales process shows positive results in all territories overcoming foreign business environment differences. We are on track in increasing our international turnover to 48 % of gross in the first half of 2004 up from 35 % in 2003" says Thierry Lamidieu, Chief Operating Officer of the Graitec Group.

"I'm pleased to say Graitec has continued its investment in technology development by spending more than 20% of our turnover to bring forth our solutions in both CAD and CAE while simultaneously increasing profitability. This secures our customers investment and allows Graitec to continue on a future growth path", stated Francis Guillemard, Chief Executive Officer of the Graitec Group.