BSB keeps its promises: Growth and profitability in 2008

The significant increase of the company's activities still continues and is reflected in both business units 'software publishing' and 'services'.  In 2008, BSB recorded revenues of EUR 21.8 million. Compared to 2007, this represents a 31% increase; this is also 12% higher than estimated at the moment of the IPO. The operating profit (EBIT) has more than doubled compared to 2007 (from EUR 0.7 million to EUR 1.6 million).

This significant increase of the activities comes with an important improvement of the profitability. BSB makes an after-tax profit of EUR 1 million (EUR 0.3 million in 2007). Moreover, BSB shows a very comfortable cash position. It also benefits from a credit line of EUR 2 million, that has not been used yet per 31 December 2008.

You will find the complete annual press release on the BSB website http://www.bsb.com/en/page.aspx/1594 under the heading ‘Investors'.