For Q2/06 total revenues ended at MNOK 65,0 (66,1) with an EBIT of MNOK 11,4 (14,4). For 1H/06 total revenues ended at MNOK 133,9 (128,9) with an EBIT of MNOK 25,2 (27,5).
The company has both in the first and second quarter continued to strengthen its sales organization, which in combination with an increased marketing activity level lead to increased operating expenses compared to 2005.
Comments to the operation
The company’s somewhat weaker revenues in Q2/06 are primarily influenced by a very weak April and a general decrease in revenues in SuperOffice Team Brendel in Switzerland. In May, revenues developed positively and June was the best month so far in 2006. In spite of the strong ending of the quarter, the company was not able to catch up the lost revenues in April.
The Swiss subsidiary SuperOffice Team Brendel continues to work on the transition towards selling the SuperOffice CRM solutions. The pipeline on SuperOffice CRM is being built and the company is working on establishing partnerships with selected Swiss system integrators. The company’s existing solutions, WinCard, are rapidly decreasing in new business revenues, resulting in the company’s clear drop in revenues. In order to further strengthen the development of the SuperOffice CRM sales organization in Switzerland, the sales team is now integrated with SuperOffice Germany.
New products
The roll-out of SuperOffice 6 has continued and the response from customers is positive. SuperOffice SAINT and Audience have also been well received and both are contributing positively, especially in new cases and among larger customers. The roll-out of SuperOffice 6 to existing customers will continue in the coming quarters.
Partner program
During the quarter the process of building a stronger and more competent partner channel has continued. As reported earlier, partners are increasingly being involved in implementation projects which gradually reduces the company’s service revenues but at the same time provides increased interest and more service revenues in the channel. This is in line with the company’s strategic plans.
Future expectations
The company has positive expectations for the coming quarters and the year in total. The company will continue the establishment of a larger partner channel in all markets which will provide access to more new customers for the SuperOffice solutions. The roll-out of SuperOffice 6 to existing customers with opportunities to sell additional licenses and the new products SuperOffice SAINT and Audience will continue in the coming quarters.
The company believes the CRM market will continue to develop positively in 2006.
SuperOffice ASA has during the last 3 years shown a positive development in both revenues and profits. The company’s goal is to continue this positive trend.
The quarterly financial statement is presented according to IAS 34 and the accounting principles described in the Annual Report for 2005.
The Board of Directors of SuperOffice ASA
Oslo, July 21 2006
SuperOffice Q2 2006 Presentation
SuperOffice Q2 2006 Report
SuperOffice Q2 2006 Webcast