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30 Old Broad Street
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Tervuren Plaza av de Tervuren 226
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25C Boulevard Royal
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+32 2 738 1700

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Jacques Seldeslachts
[email protected]
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CALLATAY & WOUTERS POSTS RESULTS FOR 2007

Callataÿ & Wouters, software and services provider for the banking industry, has posted excellent results this year, thus consolidating its growth for the 25th year in a row. Turnover has increased by nearly 24% to 57.4 million euros, with net profit increasing by 20% to 4.81 million euros. 2007 has also seen some new strategic choices for Callataÿ & Wouters : appointing a new CEO – Marc De Groote – taking over from Didier de Callataÿ ; signing a partnership deal with the world leader SAP ; and also moving to spacious new premises in Brussels.

RESULTS OF THE 2007 FINANCIAL YEAR

Key figures
Turnover : 57.41 million EUR + 23.8 %
Earnings before tax : 7.07 million EUR + 16 %
Earnings after tax : 4.81 million EUR + 20 %

Comments

Turnover for the 2007 financial year reached 57.41 million euros, a fine increase of 23.8%. Net profit increased by 20% to 4.81 million euros. These excellent results confirm the company’s uninterrupted growth since its foundation 25 years ago.

Marc De Groote, who has been CEO of Callataÿ & Wouters for nearly a year, says of these results : “This sustained growth can be explained by our increasing presence and visibility on the international scene, due to new projects. For example, our activities in Sydney, Vietnam and Malta for the Commonwealth Bank of Australia group ; or the successive projects we are undertaking on behalf of the Rabobank group throughout the world, with the latest direct banking business in the process of implementation. It is also the bank’s ambition to launch 10 direct banking activities by 2010 with our Thaler system.” (the sixth is currently in preparation – ed.).

Aside from these recent commercial successes, confirming the increasing number of banks to have chosen Callataÿ & Wouters solutions for their IT systems, 2007 was a very eventful year for the company. The most fundamental certainly being the strategic partnership with the world leader SAP signed last September. This partnership will unite Thaler, Callataÿ & Wouters’ flagship product, and the analytical applications of SAP on the SAP NetWeaver technology platform. This partnership combines the strength of SAP’s banking applications and the excellence of the packages provided by Callataÿ & Wouters.

“We chose to deploy Thaler on the business process platform from SAP on the basis of SAP’s proven expertise in technology and business process and its considerable international network of partners and integrators”, says Marc De Groote. “In creating this partnership, we have, above all, considered the success of our clients. The result of this partnership will give them greater flexibility and make them more effective and competitive when faced with the demands of the current market.”

On the R&D front, efforts have been concentrated on developing this new generation of the Thaler solution, following the principles of open and service-oriented architecture (SOA, Service Oriented Architecture), and based on SAP’s NetWeaver platform. The agreed investment is still sizeable, 25% of the workforce are in fact involved in R&D.

In order to bring these ambitious projects to a successful conclusion, the company is relying mainly on the expertise of its staff, who currently total 530, in 15 countries throughout the world. This year, special efforts are being made in terms of recruitment. Over 100 people were taken on during the second half of the year to provide support both for R&D, and for the teams of specialist consultants. We should add that the provider has taken on the services of some very experienced people to join its management team.

In order to sustain this growth, and to be able to continue with this intensive recruitment programme, Callataÿ & Wouters has opened a new central head office in Brussels, not far from its old offices, in prestigious Avenue de Tervuren. The Tervuren Plaza – a huge building of nearly 8,000m² – will allow the company to carry on expanding in the best conditions.