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Exact Holding N.V.: Interim Management Statement Third Quarter 2009

Total revenue in the third quarter amounted to € 54.8 million, a decrease of 8.6% compared to Q3 2008. Compared to Q3 2008, EBITDA rose by 20% to € 12.9 million, mostly as a result of cost reduction and efficiency improvement measures initiated during 2008. EBITDA margin increased from 18% to 23.6%. Cash flows continue to be strong and after paying the 2009 interim dividend (€ 15.1 million) cash balances amounted to € 34 million.

DELFT, 28 oktober 2009 - During the third quarter of 2009 Exact Holding N.V. (“Exact”) experienced improving market conditions that have led to a considerable slowdown of the decrease in license revenues compared to the first half of 2009. License revenues decreased 17.2% in the third quarter compared to a decrease of 30.4% during the first half year. Several contracts with large new customers were closed, some of which had been in the sales pipeline for almost a year. Exact Online continued its strong growth in the Netherlands, breaking through the 10,000 customer barrier in the third quarter. The activities in North America continue to be most affected by difficult market conditions.

For the remainder of the year management remains cautious and continues its focus on EBITDA protection and cash collection. At the same time Exact is gearin up for the rebound of the economy, by making incremental investments in strategic areas like Exact Online.

Over Exact Software

Exact Software werd in 1984 opgericht en is een internationaal vooraanstaande producent van zakelijke software. Naast traditionele, geïntegreerde oplossingen voor enterprise resource planning (ERP) ontwikkelt Exact Software daaraan gerelateerde oplossingen voor onder andere human resource management (HRM), customer relationship management (CRM), corporate performance management (CPM), project management en elektronische workflow.

Exact Software heeft zijn hoofdkantoor in Delft en onderhoudt daarnaast een netwerk van vestigingen in Europa, het Midden-Oosten, Noord- en Zuid-Amerika, Azië, Australië en Afrika. Met ongeveer 2.400 medewerkers, vestigingen in ruim 40 landen en oplossingen die beschikbaar zijn in 40 talen bedient Exact Software momenteel klanten in meer dan 125 landen.

In 2008 bedroeg de omzet € 261.0 miljoen. Sinds juni 1999 is Exact Holding NV genoteerd aan NYSE Euronext Amsterdam.

Meer informatie

Media Relations
Anneloes Roeleveld
T: 31 (0)20 3010980
M: 31 (0)6 2085 5789

Investor Relations
Jeroen Bruins Slot
Exact Holding N.V.
T: 31 (0)15 711 5075
M: 31 (0)6 2666 3660

Exact Holding N.V.
Poortweg 6

T: 31 15 2613714
F: 31 15 2625461

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