ARCHIVE 2006

ALDATA SOLUTION INTERIM REPORT JANUARY - MARCH 2006 (unaudited)

Aldata in Q1 2006 (compared to Q1 2005)

The quarterly numbers are prepared according to the principals of International Financial Reporting Systems (IFRS).

Net sales increased 38% to EUR 22.4 million (EUR 16.2 million).
Gross profit increased 31% to EUR 17.2 million (EUR 13.2 million).
Operating profit, EBIT, increased to EUR 1.4 million (EUR 0.2 million) and operating profit excluding option expenses was EUR 1.7 million (EUR 0.3 million).
Profit before taxes was EUR 1.3 million (EUR 0.3 million).Net profit was EUR 0.8 million (EUR 0.2 million) and earnings per share, EPS, were 0.011 euros (0.003 EUR).

January - March 2006 financial performance

The Group's net sales were EUR 22.4 million (EUR 16.2 million), which represents organic growth of 38% over the previous year's first quarter net sales. The exceptionally strong growth in the first quarter is attributable to fast deliveries in some projects and to a significant increase in sales generated by Aldata's distributor network.

Product sales, which include licenses on standard products, licenses on customer specific developments and maintenance revenues, accounted for 45% (42%) of the total net sales. Consulting services accounted for 46% (48%) and third party licenses and hardware accounted for 9% (10%).

The Group's gross profit was EUR 17.2 million (EUR 13.2 million), which represents a 77% (81%) gross margin. The cost of goods sold was proportionally higher than in past quarters due to an increased use of external workforce in projects and because of the high amount of in-direct sales. The very high activity in the beginning of 2006 has required Aldata to use external professional resources in some projects. During the first months of 2006 Aldata has significantly increased the number of personnel in its professional services team and will replace external resources with its own employees.

Operating profit, EBIT, totaled EUR 1.4 million (EUR 0.2 million), which represents 6.2% of net sales. Operating profit excluding expenses for option plans was EUR 1.7 million (EUR 0.3 million).

Pre-tax profit was EUR 1.3 million (EUR 0.3 million), net profit was EUR 0.8 million (EUR 0.2 million) and earnings per share, EPS, were 0.011 euros (0.003 euros).

Research and developments costs in the financial period totaled EUR 3.3 million (EUR 2.9 million), of which EUR 0.1 million, or 2%, were capitalized. The amortization on capitalized development costs was EUR 0.1 million (EUR 0.0 million).

Taxes for the financial period were EUR 0.5 million (EUR 0.1 million) and tax rate was 41% (47%).

Aldata's reported order backlog includes product and third party product sales, which will be recognized as revenues during the following twelve months. In spite of the growth in net sales in the first quarter, Aldata ended the quarter with a record high order backlog. At end of March 2006 the order backlog was EUR 21.1 million (EUR 19.3 million at the end March 2005 and EUR 20.7 million at year-end 2005) and the visibility for 2006 is good.

Finance and investments

At the end of March 2006, Aldata Group's cash, cash equivalents and marketable securities amounted to EUR 9.0 million (EUR 4.3 million) and the balance sheet total stood at EUR 52.6 million (EUR 39.9 million). The Group had EUR no interest-bearing debt (EUR 0.0 million) and interest-bearing net liabilities totaled EUR -8,4 million (EUR -3,8 million). Short-term receivables totaled 31.0 EUR million (EUR 23,6 million). The Group's solvency ratio was 52.0% (56.2%), gearing was -31.7% (-17.3%), and shareholders' equity per share was 0.386 EUR (0.320 EUR).

The Group's capital expenditure on hardware and software purchases amounted to EUR 0.5 million (EUR 0.4 million). A total of EUR 0.1 million (EUR 0.2 million) of development costs were capitalized during the period.

Market overview

In the first months of 2006 the demand for standard software packages for retailers and logistics companies has remained strong. Important news in the sector was the decision by Carrefour S.A. to implement Aldata's G.O.L.D. software also in France, its home market. This is to date one of the largest standard software projects within the retail sector.

Consolidation among Aldata's peers has continued in 2006. Aldata's significantly faster growth than its peer-group's, strong financial performance and strategic focus on software solutions for retailers and logistics companies is well appreciated in the marketplace and the company is confident about continuing its strong performance also in the future.