TIE Holding NV 2004-07-01 2004-09-30 TIE Holding NV 2004-04-01 2004-06-30 TIE Holding NV 2003-07-01 2003-09-30 TIE Holding NV 2003-10-01 2004-09-30 TIE Holding NV 2002-10-01 2003-09-30 TIE Holding NV 2004-06-30 TIE Holding NV 2004-09-30 TIE Holding NV 2003-09-30 iso4217:EUR ifrs-gp:Shares xbrli:pure Created by sxc3.1 on 2004-11-17T11:04:44.613+01:00 The financial results on this page are for demonstration purposes only. The formal results can be found on www.TIEgobal.com 1578000 1785000 5684000 417000 -13715000 3645000 1372000 23000 -527000 3087000 722000 -31000 -137000 302000 654000 6701000 1959000 4872000 -336000 81000 -58000 417000 -13717000 1740000 7822000 -211000 123000 -1564000 3165000 -2492000 845000 -175000 -720000 TIE's overall liabilities have improved significantly, with long-term liabilities reduced to zero from EUR 3.5 million at the beginning of the year and current liabilities reduced by EUR 3.9 million from EUR 5.7 million to EUR 1.8 million. Shareholders equity at the end of the previous financial year was EUR -8.5 million. At the end of 2004, this had improved by EUR 7.1 million to EUR -1.3 million. This improvement was the result of earnings retained from profits, the net proceeds from the placement of new shares and the conversion of EUR 2.5 million debt into a convertible bond for 5 million new shares. -0.01 25409007 23735368 18405605 22650667 17195500 17500519 0 0 2004-11-16 Earnings release for the year 2004 and 4th quarter FY04 er2004q4tiexbrl TIE Holding Earnings Release FY04 Q4 2004-11-16 Earnings Release Corporate Headquarters Beech Avenue 180 Schiphol-Rijk The Netherlands 1119 PS TIE is an international B2B Integration software company, established in 1987 and listed on the EuroNext Amsterdam Stock Exchange in the NextEconomy Index. TIE provides state-of-the-art software tools and in-depth expertise to TIE subsidiaries and resellers all over the world. These local Solution Providers help companies to do business electronically in order to improve the efficiency and effectiveness of their business processes and to lower their costs. TIE's main solutions in the 'Enterprise Portal Framework' allow companies to integrate their back-office processes to those of their trading partners and to manage product information. Since the TIE solutions are based on years of EDI as well as XML experience, TIE customers can reap the benefit of true open trading. TIE has a broad customer base in the Netherlands, Belgium and the USA and is a major player in Europe, Latin America and Asia. Dick Raman President and CEO 20 20 6589903 Investor Relations Telephone number Investor Relations Investor Relations The Netherlands Investor Relations The Netherlands info@TIEglobal.com Investor Relations Telephone number 31 20 6589903 Investor Relations Fax number 31 20 6589902 Main phone number 31 20 6589900 EuroNext EuroNext Amsterdam Stock Exchange TIE TIE Holding N.V. http://www.TIEglobal.com Home Page 2004-09-30 2004-09-30 2004-07-01 2004-04-01/2004-06-30 3 months 10000 Market circumstances are improving in the B2B Integration software and services area. We are seeing the new order pipeline strengthen whilst TIE's new products are well received by existing and new customers. The important players in the worldwide retail market have taken serious steps to cut costs by improving the quality and exchange of product information. The result is a strong demand for Data Synchronization tools. TIE has an integrated solution for PIM (Product Information Management), Workflow and messaging, that is considered 'Best of Breed' by experts in the field. TIE will aggressively try to position itself in this market, especially in the USA, in order to attain a sizeable market share. With an increasing emphasis on the importance of clear, comparable financial reporting, the development of XBRL in Europe is a milestone for European collaboration in eBusiness. This week the XBRL International conference will take place in Brussels, where TIE will give a lecture and exhibit its XBRL solutions to over 300 delegates from various organizations. In its business plan for the current year, the Company anticipates a 'significant' growth in revenue (12-20%), a slight increase in costs and thus a growth in net profit. 14000 During 2004, the Company generated EUR 0.6 million net cash from its operations. This together with the proceeds of share issues was used to prepay all long-term liabilities. Cash and cash equivalents at the end of the quarter were EUR 0.7 million. B2B Integration software company TIE Holding N.V. ("TIE") listed on the EuroNext Amsterdam Stock Exchange hereby publishes its results for the financial year 2004 (October 1, 2003 - September 30, 2004). Following the reorganization of TIE Holding and its subsidiaries at the beginning of the financial year, TIE is now back on track and achieved a net profit for the year of EUR 417.000. Management now forecasts 'significant' autonomous revenue growth and an increase in net profit for the current financial year. During the past year, the management of TIE focused on streamlining the organization and developed a go-to-market strategy for the new products that were launched worldwide. TIE sold TIE Belgium and raised new equity in order to repay all of its long-term debts. The Company is now taking advantage of the improving market circumstances, and is well-positioned in the US market for Global Data Synchronization. In Europe, the focus is on XBRL, the financial reporting standard that is set for rapid adoption. The recent appointment of TIE CEO Dick Raman as Chairman of the UN/CEFACT Forum, the global eBusiness standardization authority, positions TIE to play a major role in the Global B2B Integration arena. Management is looking forward to the expansion of the Company through autonomous growth as well as acquisitions, the first of which was announced in October with the takeover of TIE France. Access to the capital market will be used to finance earnings enhancing expansion. The overall goal is to achieve sustainable net profitability. Dick Raman, CEO of TIE: "There is excitement in TIE again. We see how market circumstances improve and hear more and more how our customers are satisfied with our products and services. This is what motivates us all and makes us hungry for success. The experience of the past twelve months has confirmed that the product and commercial strategy that resulted in the deployment of our Data Synchronization and XBRL solutions, offers opportunities that we have never had before. We recently implemented one internal system for all employees worldwide, which we call 'My-TIE'. It provides us with the information about all of our customers, resellers, products, and financials. We can share this information with everyone through the web and it provides us with the means to achieve amazing levels of efficiency and agility." The net profit for the financial year 2004 is EUR 417.000, which is in line with management's forecast and is a substantial improvement on the net loss of EUR 13.7 million which was reported in 2003. Revenue in 2004 was EUR 8.1 million, down from EUR 10.8 million, due to a combination of the impact of the lower US Dollar against the Euro and the sale of TIE Belgium in October 2003. Operating expenses (including Depreciation & Amortization and provisions) were reduced from EUR 23.8 million in 2003 to EUR 6.8 million in 2004. 1872000 1842000 2327000 8102000 8465000 10792000 3816000 0 236000 179000 181000 849000 510000 691000 419000 417000 4670000 1740000 3152000 7822000 1721000 1547000 3037000 6478000 8743000 11780000 0.02 0.01 -0.51 0.02 -0.25 -0.78 -170000 147000 -9477000 417000 -4240000 -13717000 24000 26000 37000 86000 217000 290000 376000 359000 485000 1599000 654000 982000 1369000 1544000 1606000 3101000 5627000 3629000 3629000 5627000 -1335000 -8476000 1601000 3465000 3165000 1789000