Fabasoft: Decline in EBIT despite Sales Growth

Companies › Technology ♦ Published: August 31, 2011; 13:32 ♦ (Vindobona)

The Austrian software company recorded mixed results in the first quarter of its fiscal year. Revenue increased by 4.2%, EBIT turned negative and amounted to € -152,000.

Fabasoft: Decline in EBIT despite Sales Growth / Picture: © Fabasoft

Fabasoft reported results for the first quarter of its fiscal year 2011/12 (1 April 2011 to 30 June 2011). In the first three months sales revenue amounted to € 5.5m, which represents an increase of 4.2 % compared with the figures for the same period in 2010.

The operating result (EBIT) for the first three months of the fiscal year 2011/2012 decreased from € 24,000 (previous…

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