August 11, 2015 - Breukelen, The Netherlands

Press release interim consolidated financial statements TIE KINETIX N.V. Financial information in this interim report is unaudited.
Third Quarter results (period April 1 – June 30, 2015).

  • Sizeable new customers in Analytics & Optimization (Siemens/Germany, European Parliament/Belgium) and in Demand Generation (Michelin/France)
  • Strong Order intake of € 2.927k (Q2 2015: € 2.483k)
  • Release of Smartbridge 3 next generation Integration Solution
  • SaaS and hosting revenues grow to € 2.258k (Q2 2015: € 2.163k)
  • Total revenue (excl. EU projects) increase by 10,2% to € 5.187k (Q2 2015: € 4.705k)
  • EBITDA, excl. EU projects and one-time costs amounts to € 646k (Q2 2015: € 178k)
  • EBITDA impacted by EU projects (EBITDA loss of - €67k) and by one-time costs (€ 56k)
  • EBIT, excl. EU projects and excl. one-time costs amounts to € 293k (Q2 2015: € -84k)

TIE Kinetix, the leading provider of cloud-managed Integration, Analytics, Demand Generation and E-Commerce services today released its interim management statement for Q3 of its fiscal 2015, covering the period April 1, 2015 – June 30, 2015.

EU subsidies partially repaid through offsets
In Q3 of 2015, the European Commission has offset an amount of € 328.713 EU subsidies claimed by TIE Kinetix for current projects against repayment of subsidies that TIE Kinetix has to make to the EC following the outcome of the audit on projects executed in 2008-2012. Although TIE Kinetix still disputes the administrative treatment of the Commission, the amount of EU subsidies TIE Kinetix has to repay is now estimated to amount to €756.670. A first draw down of € 700.000 under the shareholder guarantee has been made on March 31st, 2015.
This document may contain expectations about the financial state of affairs and results of the activities of TIE Kinetix as well as certain related plans and objectives. Such expectations for the future are naturally associated with risks and uncertainties because they relate to future events, and as such depend on certain circumstances that may not arise in future. Various factors may cause real results and developments to deviate considerably from explicitly or implicitly made statements about future expectations. Such factors may for instance be changes in expenditure by companies in important markets, in statutory changes and changes in financial markets, in the EU grant regime, in the salary levels of employees, in future borrowing costs, in future take-overs or divestitures and the pace of technological developments. TIE Kinetix therefore cannot guarantee that the expectations will be realized. TIE Kinetix als refuses to accept any obligation to update statements made in this document.
For further information, please contact:
TIE Kinetix N.V.
Jan Sundelin CEO or Michiel Wolfswinkel CFO
Phone: +31 (0) 88 3698060
About TIE Kinetix
TIE Kinetix transforms the digital supply chain by providing Total Integrated E-commerce solutions. These solutions maximize revenue opportunities by minimizing the energy required to market, sell and deliver online. Customers and partners of TIE Kinetix constantly benefit from innovative, field tested, state-of-the-art technologies, which are backed by over 25 years of experience and prestigious awards. TIE Kinetix makes technology to perform, such that customers and partners can focus on their core business.
TIE Kinetix is a public company (NYSE Euronext: TIE Kinetix), and has offices in the United States, the Netherlands, France, Australia, UK, Spain, Germany, Austria and Switzerland.

Submitted by Investor Relations on Tue, 08/11/2015