This morning the company reported the preliminary business figures for the second quarter. Sales were slightly below our forecasts (14,2m vs. 14,3m) The operating result before interest and taxes also exceeded our estimates (0,55m vs. 0,061m)The figures reported corresponded to our expectations based on sales, EBIT and EPS. The continued positive sales trend again underscores the fact that demand for products and services in the mySAP.com environment continues to be intact.The positive forecast for the entire year of 2001 provided by SAP and IDS Scheer makes us confident that company will fulfil our conservative sales and profit forecasts. In light of this we confirm our respective sales and EBIT target for the entire year (59,8m, 1,6m)
Action: BUY
Price: 8,40
Target: 16,00
Value: 42m
Code: RTCG.DE
