DGAP-News

OpenLimit Holding AG: OpenLimit publishes half-year report 2014

DGAP-News: OpenLimit Holding AG / Key word(s): Half Year Results
OpenLimit Holding AG: OpenLimit publishes half-year report 2014

28.08.2014 / 07:30

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OpenLimit Holding AG

Zugerstrasse 76b
OpenLimit Holding AG | Zugerstrasse 76b | CH - 6341 Baar

Corporate News

OpenLimit Holding AG: OpenLimit publishes half-year report 2014

- Turnover increases by 9% to EUR 2.72 million in the first six months of
the year

- Operating loss (EBIT) drops by 40% while the net loss falls by 30%

- Fujitsu and OpenLimit present a common showcase for truedentity(R) in
combination with vein scanner technology PalmSecure(TM) at CeBIT 2014
and agree on collaboration

- OpenLimit, Power Plus Communications AG and Elster GmbH conclude an
agreement on cooperation in the area of the Smart Meter Gateway

- First milestones for major T-Systems order for the development of a
"Konnektor" for the healthcare market

Baar, 28 August 2014 - OpenLimit Holding AG, leading international provider
of technologies for unambiguous online identity verification, electronic
signatures, secure data transfer and evidentiary value-preserving long-term
storage of documents published its mid-year report 2014 early today.

In the first six months of the current financial year the group increased
its turnover to EUR 2.72 million (compared with a figure of EUR 2.49
million for the same period last year). Plus internally produced and
capitalized assets, this represents total earnings of EUR 4.14 million
(compared with a figure of EUR 3.74 million for the same period last year).
Owing to growth in turnover and cost reductions and despite a worse
financial result, the group was therefore able to reduce its net loss by
30% to EUR 0.89 million (1st half of 2013: EUR -1.27 million).

Owing to extended payment targets and delays in the receipt of accounts
receivable payments, the liquidity situation was again difficult in the
first half of the year and the group had to rely on interim financing.
However, OpenLimit expects the situation to improve in the coming weeks.

Konnektor

Following on from the major order received from T-Systems in December 2013,
the so called "Konnektor" for doctors' practices and hospitals was an
important focus of development activities during the first half of 2014.
The main purpose of the "Konnektor" being developed by OpenLimit is to
establish a secure link between the local systems of the stakeholders in