Unit 4 Agresso Reports Strong Growth in 2008



    


    North American revenue grew 78%

    Agresso and CODA continue to outperform the business software market

    Total Group revenue increased by 27% to euro 393.6 million ($504.8
million)

    
    IRVING, Texas and VICTORIA, British Columbia, Feb. 24 /PRNewswire/ --
Unit 4 Agresso, the global business software developer and parent company of
Agresso North America, today announced its annual results for the year ended
Dec. 31, 2008. Despite a deteriorating economic climate globally, Unit 4
Agresso delivered a sound commercial performance in 2008.
    

    
    Revenue growth of 27 percent was achieved from strong performance across
the group and met market expectations. Sales of both the Agresso and CODA
products remained buoyant in most countries, and Unit 4 Agresso's product
offerings in the Benelux substantially contributed to this growth.
    

    
    In North America, revenue grew substantially by 78 percent (pro forma 12
percent), now representing 5 percent of Unit 4 Agresso's total revenue. With
three offices, located centrally and on the east and west coasts, and a
product portfolio containing both Agresso Business World and CODA solutions,
growth potential improved. New and existing customers in the public and
private sectors heavily contributed to this result, helping to bolster Group
figures. New customers included Austin Travel, Houston Zoo, BCD Travel,
Gyrodata and Bethany Care.
    

    (*)End of year highlights for the Group includes:

    --  Total revenue increased by 27% to euro 393.6 million (2007: euro 308.8
        million)
    --  Operating result (EBITDA) increased by 35% to euro 70.1 million
    --  EBITDA margin increased to 17.8%
    --  Pro forma(1) revenue increased by 9%
    --  Solid strategic positioning strengthens Unit 4 Agresso's market
        position and opportunities in uncertain 2009
    --  Healthy increase in operational cash flow: euro 56.2 million
    --  CODA integration and revenue increase as planned


    (*)Figures stated are unaudited.

    
    "Unit 4 Agresso's positioning has again proven itself in 2008," commented
Edwin van Leeuwen, CFO of Unit 4 Agresso. "Revenue growth was hardly affected
by the weakening economic circumstances. The company's strong foothold in the
Public sector, its focus on service organizations and vertical
specializations, its considerable maintenance portfolio and a wide product
offering in the Benelux are the stable factors in our operations. This does
not mean Unit 4 Agresso is immune to the consequences of the credit crisis and
current economic circumstances make it very difficult to predict market demand
in 2009."
    

    
    For a more detailed breakdown of Unit 4 Agresso's annual results, please
visit www.unit4agresso.com
    

    About Unit4Agresso
    
    Unit 4 Agresso is a leading international producer of business software.
With offices in 14 European countries, 5 countries outside Europe and sales
activities in several other countries a revenue of euro 194 million was
realized in the first half year of 2008. Unit 4 Agresso is headquartered in
Sliedrecht, the Netherlands. At the end of 2008, Unit 4 Agresso had 3,537
employees.
    

    About Agresso
    
    Agresso is a mid-market enterprise resource planning (ERP) company and
one of the top five providers of ERP solutions for professional services and
public sector organizations. Agresso offers a uniquely integrated
data/process/delivery architecture designed specifically for Businesses Living
IN Change (BLINC)(TM).  Agresso is known as "The ERP Market's Definition of
Agility" as it allows an unlimited amount of ongoing, post-implementation
changes without the typical external IT costs and intervention that nets
billions of dollars in revenue to the market leaders. For more information,
please visit: www.agresso.com
    

    About CODA
    
    CODA creates, markets and implements a comprehensive range of software
systems designed specifically to meet the needs of Financial Directors and
Finance Departments. These include financial management systems, analysis
applications, and business process management and control software to
implement compliance solutions. Its service oriented architecture also makes
CODA software easy for clients and other vendors to integrate with their
business applications.
    

    
    CODA was founded in 1979 and has around 500 employees working at 18
offices in 14 countries. CODA software is designed for multi-currency,
multi-language, multi-country, multi-company and multi-site operations, and is
used by around 2,600 medium and large organizations in over 100 countries in a
variety of markets and within both public and commercial sectors.
    

    
    (1) Pro-Forma = Adjustment for comparing revenue figures 2007 to include
CODA results as of 26 February 2007, assuming constant exchange rates
    

    

    
    For further information contact:
    Jo-Ann Marlow, Director of Marketing, Agresso
    Direct (250) 704-4489  Cell (250) 415-7510
    JoAnn.Marlow@agresso.com
    www.agresso.com/usa



    




For further information:

For further information: Jo-Ann Marlow, Director of Marketing of
Agresso, Direct, +1-250-704-4489, Cell, +1-250-415-7510,
JoAnn.Marlow@agresso.com Web Site: http://www.unit4agresso.com

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UNIT 4 AGRESSO

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