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Hansen Technologies Announces Upgrade to Operating Results Outlook

  • 26 May, 2008 10:38

<p>Melbourne – 26 May 2008 - Hansen Technologies Limited (ASX: HSN), is pleased to announce an upgrade of its operating results outlook for the full year to 30 June 2008.</p>
<p>Based on internal management accounts, Hansen Technologies expects:</p>
<p>Revenue to exceed $40 million.</p>
<p>EBITDA (earnings before interest, tax, depreciation and amortisation) is estimated to be $20 million representing a 14.3% improvement over the previously forecast $17.5 million.</p>
<p>After tax profit is estimated to approach $15 million, representing an $11 million plus increase on fiscal 2007, $3.3 million.</p>
<p>Andrew Hansen, CEO said, “We are on track to exceed all of our objectives for this year. As reported previously, in spite of the sale of our NSW outsourcing business, and the natural reduction in revenue as a result, we have been able to deliver a significant year on year improvement in all other financial measurements.”</p>
<p>Further details regarding the Company’s performance for fiscal 2008 will be provided in August with the release of the full year’s Annual Report.</p>
<p>Earlier this month, Hansen announced a contract extension with the Tokyo Electric Power Company (TEPCO) the largest electric utility in Japan. The contract extension is a direct reflection of the increasing impact of deregulation on the Japan energy market and provides for an additional Hansen Unified Billing license fee with ongoing support and maintenance and is initially valued at $1.5 million over three years.</p>
<p>About Hansen Technologies (www.hsntech.com)</p>
<p>Hansen Technologies Limited is a leading provider of proprietary billing solutions and IT outsourcing services. Its flagship HUB (Hansen Unified Billing) billing software solutions have application across the Telecommunication, Electricity, Gas and Water industries. HUB is increasingly providing the solution for the needs of energy companies as the push towards market deregulation expands and into telecommunication companies as they pursue convergence and rationalisation. Hansen provides facilities management and outsourcing services from its purpose-built data centres located in Melbourne. Hansen also supports the Classic Superannuation administration solution. Founded in 1971, Hansen has offices in Australia and the United Kingdom.</p>

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